PayPal’s shares rally on revenue beat, margin forecast
(Reuters) – PayPal Holdings Inc reported a better-than-expected 18.1 percent rise in quarterly revenue and its margin forecast allayed concerns over costs associated with its payment network deals with MasterCard Inc and Visa Inc .
Tesla says it will roll out Uber-style ride services program
SAN FRANCISCO (Reuters) – Tesla Motors Inc is planning to roll out a ride services program and will announce details next year, the luxury electric vehicle maker said on its website, a service first outlined by Chief Executive Elon Musk in his master …
Wall Street dips as telecoms slump; AmEx surges
NEW YORK (Reuters) – U.S. stocks ended a choppy session on Thursday with a slight decline as investors digested the latest round of earnings, with a sharp drop in telecoms offset by gains in healthcare.
Tesla, rivals joust over how to put self-driving cars on the road
DETROIT/SAN FRANCISCO (Reuters) – Tesla Motors Inc’s decision to equip all of its vehicles with self-driving hardware has intensified competition among rival camps of technology and auto companies over what equipment will be on board cars of the futur…
BIS to hear initial verdict on sterling crash in November
LONDON (Reuters) – Central bank officials looking into the factors behind the dramatic fall sterling took on Oct. 7 will make an initial report to the Bank for International Settlements in early November, sources with knowledge of the investigation sai…
Wal-Mart to open Sam’s Club on JD.com
(Reuters) – Wal-Mart Stores Inc said it was launching its warehouse retail business Sam’s Club and a store for imported products on JD.com Inc’s platform, three months after the world’s largest retailer took a stake in the no. 2 Chinese e-commerce co…
Verizon revenue drops as subscriber additions disappoint
(Reuters) – Verizon Communications Inc added fewer than expected wireless subscribers in the third quarter due to intense competition, and indicated it may renegotiate a deal to buy Yahoo Inc after a breach of Yahoo user email accounts.
Alaska Air CEO says hard to predict when Virgin deal will close
(Reuters) – Alaska Air Group Inc’s chief executive said on Thursday it was hard to predict when its deal to buy Virgin America Inc will receive approval from the U.S. Justice Department, which is considering the impact of the latest airline merger on…
U.S. judge picks monitor for Deutsche Bank over regulator’s choice
NEW YORK (Reuters) – A U.S. judge on Thursday approved a U.S. Commodity Futures Trading Commission deal with Deutsche Bank AG in which a monitor would be appointed to ensure the bank reports swaps data properly, but named someone other than the regula…
Ex-Goldman recruit drives HSBC’s investment banking ambitions
LONDON (Reuters) – Using a rare hire from a Wall Street firm, HSBC is pushing hard to become the top European-based investment bank while its regional rivals struggle with regulatory fines and falling revenues.
