Fund managers focus on Prime memberships to gauge Amazon rally
NEW YORK (Reuters) – The strength of Amazon.com Inc’s nearly 75 percent rally since February may depend on how many more brown cardboard boxes end up on the doorsteps of U.S. consumers this fall.
Fund managers focus on Prime memberships to gauge Amazon rally
NEW YORK (Reuters) – The strength of Amazon.com Inc’s nearly 75 percent rally since February may depend on how many more brown cardboard boxes end up on the doorsteps of U.S. consumers this fall.
PayPal says some customers unable to make payments due to cyber attack on Dyn
(Reuters) – PayPal Holdings Inc said on Friday that it has experienced some service disruptions due to the cyber attack on Dyn that caused Internet outages for its customers.
New York governor approves new regulations on Airbnb
(Reuters) – New York Governor Andrew Cuomo approved legislation on Friday that would place new regulations on online home rental companies like Airbnb.
GE cuts year revenue target on oil, gas weakness, has third quarter profit beat
NEW YORK (Reuters) – General Electric Co scaled back expectations for its full-year revenue and profit on Friday, overshadowing third-quarter profit that beat analyst forecasts and sending its shares lower.
U.S. auto sales in October expected to drop 7 percent: J.D. Power-LMC
DETROIT (Reuters) – U.S. auto sales are forecast to drop more than 7 percent in October from the same period in 2015, the sixth monthly decline so far this year, as automakers offer steep discounts and adjust production to manage inventories, J.D. Powe…
Honeywell cut 3,017 jobs in third quarter
(Reuters) – Honeywell International Inc said on Friday it had cut 3,017 positions across all its businesses in the third quarter, mainly related to the separation of its automation and control solutions business into two new reporting segments.
SunEdison creditors launch lawsuit against lenders in bankruptcy battle
NEW YORK (Reuters) – A group of SunEdison Inc lenders took control of the renewable energy developer after inking a “sweetheart deal” to try to save their investment as the company approached bankruptcy, hurting other creditors, according to a lawsuit…
N.Y. Fed lowers U.S. third and fourth quarter GDP outlook
NEW YORK (Reuters) – The New York Federal Reserve on Friday downgraded its forecasts on U.S. economic growth in the second half of 2016 following data on regional business activities in October and a steep drop in housing starts last month.
McDonald’s U.S. sales revive amid stiff competition
(Reuters) – McDonald’s Corp’s turnaround gained momentum in the latest quarter despite intense rivalry in the United States, helped by its all-day breakfast, the “McPick 2 for $2 promotion” and a healthier chicken McNugget, the company said on Friday….
