Alphabet adds to cash pile despite higher costs, antitrust fine
SAN FRANCISCO (Reuters) – Alphabet Inc reported a 21 percent jump in quarterly revenue on Monday, maintaining a growth rate that is rarely seen among companies its size and suggesting the big sales gains enjoyed recently by the other Internet firms are…
Blue Apron shares surge on Wall Street’s upbeat outlook
NEW YORK (Reuters) – Shares of Blue Apron Holdings Inc jumped as much as 20 percent on Monday, reversing some of their heavy losses from the past few weeks, after several brokerages initiated coverage of the meal-kit service with a bullish outlook.
France ready to negotiate with Google on back taxes: minister
PARIS (Reuters) – France is ready to negotiate a deal with Google over back taxes, budget minister Gerald Darmanin told financial daily Les Echos on Monday.
EU increases pressure on Facebook, Google and Twitter over user terms
BRUSSELS (Reuters) – European Union authorities have increased pressure on Facebook, Google and Twitter to amend their user terms to bring them in line with EU law after proposals submitted by the tech giants were considered insufficient.
Alphabet appoints Google CEO Pichai to board
(Reuters) – Alphabet Inc said it appointed chief executive of its Google unit, Sundar Pichai, to its board.
Analysts cut Chipotle stock target, question menu price hikes
LOS ANGELES (Reuters) – Shares of Chipotle Mexican Grill Inc lost more ground on Monday, after analysts cut stock price targets and raised doubts about whether the burrito chain can raise menu prices to offset higher costs.
Organic ranchers eye Amazon distribution ahead of Whole Foods deal
(Reuters) – Amazon.com Inc plans to meet on Wednesday with a dozen U.S. ranchers, seeking to expand distribution of organic and grass-fed meats as it takes over Whole Foods Market Inc , according to the meeting’s organizer.
Campaign group Avaaz calls on EU to block Bayer’s Monsanto deal
BRUSSELS (Reuters) – Online campaigns group Avaaz has called on European Union antitrust regulators to block Bayer’s purchase of Monsanto, saying it would hurt innovation and competition and push up prices.
U.S. home sales stumble as prices hit record high
WASHINGTON (Reuters) – U.S. home resales fell more than expected in June as a dearth of properties amid strong demand pushed prices to a record high, keeping first-time buyers on the sidelines.
Nasdaq, tech shine as earnings pick up; Dow, S&P lag
NEW YORK (Reuters) – The Nasdaq hit a record high on Monday ahead of a big week of technology earnings reports, while the S&P 500 and the Dow industrials lagged behind as losses in healthcare heavyweight Johnson & Johnson took a toll.
