Facebook shares dip from high as investors fret over costs, future profit
(Reuters) – Facebook Inc reported surging quarterly profit and revenue on Wednesday, helped by its fast-growing mobile ad business, but its shares dipped from a record high in after-hours trading as investors showed some nervousness about future earnin…
Spam campaign targets Google users with malicious link
(Reuters) – Alphabet Inc warned its users to beware of emails from known contacts asking them to click on a link to Google Docs after a large number of people turned to social media to complain that their accounts had been hacked.
Aetna adds Virginia to list of Obamacare exits for 2018
NEW YORK (Reuters) – Health insurer Aetna Inc said on Wednesday it will not sell Obamacare individual insurance plans in Virginia next year, a move it attributed to “growing uncertainty” in the market and $200 million in expected losses on the business…
VW resumes U.S. diesel sales after emissions scandal
WASHINGTON (Reuters) – Volkswagen AG said on Wednesday it resumed selling diesel cars in the United States last month, and that they accounted for nearly 12 percent of its April sales, a sign consumer demand for such cars had not been dampened by its …
Credit Suisse pays $400 million over toxic mortgages, failed U.S. credit unions
(Reuters) – Credit Suisse Group AG paid $400 million to settle claims that the Swiss bank sold toxic mortgage securities that contributed to the demise of three federal credit unions, a U.S. regulator said on Wednesday.
Fed holds interest rates steady, downplays economic weakness
WASHINGTON (Reuters) – The U.S. Federal Reserve kept interest rates unchanged on Wednesday and downplayed weak first-quarter economic growth while emphasizing the strength of the labor market, in a sign it was still on track for two more rate rises thi…
Einhorn, nursing losses on Tesla, says investors ‘hypnotized’ by Musk
NEW YORK (Reuters) – Hedge fund manager David Einhorn said on Wednesday that investors remain charmed by Tesla Inc Chief Executive Elon Musk, boosting the stock by 30 percent in the first quarter, even though the electric car maker’s performance did no…
Milken’s big money investors ‘grind it out’ as bull market ages
NEW YORK (Reuters) – Top investment fund managers at the Milken Institute Global Conference this week said they had little choice but to focus on unusual and complicated corners of the financial markets as stock markets have risen and interest rates re…
Caterpillar says probe related to tax, export activities
(Reuters) – Caterpillar Inc said on Wednesday said that the ongoing investigation related to its tax and export activities will not have a material adverse effect on its results.
American Air cuts two inches of legroom on some seats in new jets
NEW YORK (Reuters) – American Airlines is shaving off an additional two inches of economy class legroom on some of the seats in its new Boeing Co 737 MAX jets, just as relations between U.S. airlines and their passengers sink to a new low.
