Snap shares plummet as investors mark down first earnings report
(Reuters) – Snap Inc shares plunged on Wednesday after the owner of Snapchat reported slowing user growth and revenue in its first earnings report as a public company, missing some Wall Street estimates as it competes with copycat messaging apps.
Whole Foods names new CFO, directors
(Reuters) – Whole Foods Market Inc on Wednesday said it appointed Kohl’s Corp executive Keith Manbeck as its chief financial officer, effective May 17 and named five new independent directors to its board.
Sears CEO Lampert blames company’s woes on ‘irresponsible’ media
HOFFMAN ESTATES, Ill. (Reuters) – Sears Holdings Corp Chief Executive Officer Edward Lampert blasted the media on Wednesday for “unfairly singling out” the company over the past decade and blamed “irresponsible” coverage for the retailer’s woes.
Ackman has a winner that is up 30 percent but will not name names
BOSTON (Reuters) – Billionaire investor William Ackman is making money on one of his new investment ideas, but he declined on Wednesday to identify the portfolio company, which has gained 30 percent since he first bought it.
Ackman has a winner that is up 30 percent but will not name names
BOSTON (Reuters) – Billionaire investor William Ackman is making money on one of his new investment ideas, but he declined on Wednesday to identify the portfolio company, which has gained 30 percent since he first bought it.
Boeing suspends 737 MAX flights due to engine issue
SEATTLE (Reuters) – General Electric Co said on Wednesday that Boeing had temporarily halted flights of its new 737 MAX aircraft due to an issue with the engine, which is jointly made by GE and Safran SA of France.
Boeing suspends 737 MAX flights due to engine issue
SEATTLE (Reuters) – Boeing Co said on Wednesday it had temporarily halted test flights of its new 737 MAX aircraft due to an issue with the engine, which is jointly made by General Electric Co and Safran SA of France.
Fed’s Kashkari: Keep Dodd-Frank regulations in place for big banks
WASHINGTON (Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari said on Wednesday that there should not be any relaxation of regulations that have tightened oversight of Wall Street.
Wall Street steps into Crocs, kicks stock up 17 percent
SAN FRANCISCO (Reuters) – Shares of Crocs Inc surged over 17 percent on Wednesday in their biggest leap in a year after the maker of colorful clogs posted quarterly results that suggest an effort to revive the once-popular brand may be gaining tractio…
U.S. government posts $182 billion surplus in April
WASHINGTON (Reuters) – The U.S. government had a $182 billion budget surplus in April, confounding market expectations for a deficit, according to Treasury Department data released on Wednesday.
