Starbucks to buy remaining stake in East China JV for $1.3 billion
(Reuters) – Coffee chain Starbucks Corp said on Thursday it would buy the remaining 50 percent share of its East China business from its joint venture (JV) partners for about $1.3 billion, in its biggest ever acquisition.
Worldwide price gains help Dow Chemical beat estimates
(Reuters) – Dow Chemical Co’s results beat Wall Street estimates on Thursday, as the chemicals company raised prices of its products and cut costs.
Conoco Phillips trims capex after posting quarterly loss
(Reuters) – U.S. oil and natural gas producer ConocoPhillips posted a quarterly loss on Thursday and cut its 2017 capital spending by 4 percent to $4.8 billion, part of a reaction to depressed crude prices .
Verizon quarterly subscriber additions top estimates; shares up
(Reuters) – Verizon Communications Inc reported quarterly revenue that topped expectations on Thursday as the No. 1 U.S. wireless carrier attracted more subscribers with its unlimited data plan.
Twitter shares tumble as flat user growth disappoints investors
(Reuters) – Twitter Inc shares opened more than 10 percent lower on Thursday after the social media platform disappointed investors with stagnant monthly active user growth in the second quarter.
‘High Times’ ready to roll with public offering
(Reuters) – The publisher of marijuana enthusiast magazine, “High Times,” plans to take the company public, High Times Holding Corp announced Thursday, as an increasing number of U.S. states legalize the drug.
At ‘bare bones’ Noble Group, staff exits and debt pose more risks
SINGAPORE (Reuters) – Noble Group is slimming down drastically to its core Asian coal-trading business, but that may not be enough to revive its fortunes due to a staff exodus, shrunken balance sheet and debts of more than $3 billion, analysts and ind…
Comcast results top estimates on film, theme parks growth
NEW YORK (Reuters) – Comcast Corp’s quarterly results topped Wall Street analysts’ estimates on higher revenue in its filmed entertainment and theme parks businesses, even as the No. 1 U.S. cable operator lost video subscribers.
VW to offer to refit 4 million diesel cars: CEO
WOLFSBURG, Germany (Reuters) – Volkswagen plans to offer to refit 4 million diesel cars at a meeting with German government officials to discuss ways to avoid diesel bans in major cities, Chief Executive Matthias Mueller said on Thursday.
Europe’s oil giants recover from three-year slump
LONDON/PARIS (Reuters) – Europe’s major oil and gas companies have turned a corner after a three-year slump, reporting strong growth in profits as cost cutting paid off and vowing to press on with saving more money amid a fragile recovery in oil prices…
