FCA invests C$3.7 billion, creates 1,200 jobs, for new minivan
TORONTO (Reuters) – Fiat Chrysler Automobiles said on Thursday that it has invested C$3.7 billion since September 2014 and created 1,200 jobs in Canada to develop and produce its next-generation minivan. The Pacifica, which is also being developed as F…
Low U.S. jobless claims underscore labor market strength
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell more than expected last week, suggesting the labor market remains on solid footing despite slowing economic growth and a stock market rout.
Earnings bolster Cisco, but raise concerns for broader IT spending
SAN FRANCISCO (Reuters) – Networking giant Cisco Systems Inc reported it is weathering a global slowdown in information-technology spending, but signs potential customers are putting some projects on hold exacerbated concerns about broader IT growth.
Gold surges to one-year high on financial uncertainty fears
LONDON (Reuters) – Gold surged more than 4 percent on Thursday to its highest in a year as fears about financial uncertainty, a lower dollar and U.S. Treasury yields persuaded investors to seek refuge in the precious metal.
Twitter shares slump to all-time low as user growth stalls
NEW YORK/SAN FRANCISCO (Reuters) – Shares of social media website Twitter Inc hit an all-time low on Thursday after the company said late Wednesday that user growth stalled for the first time since the company went public in 2013.
Dish, Fox settle litigation over Hopper ad-skipper
(Reuters) – Dish Network Corp and Twenty-First Century Fox Inc on Thursday said they have ended nearly four years of litigation over the Hopper, a Dish device that lets viewers skip over commercials when playing back shows.
Boeing shares drop on accounting fears, competitive threats
(Reuters) – Boeing Co shares plunged 11 percent on Thursday, hit by a report that regulators are probing the company’s accounting and by mounting concerns about its slowing sales and production.
After big selloffs, a second take on restaurant shares
NEW YORK (Reuters) – Restaurant stocks have sat like dry toast for the last six months, but investors are now starting to nibble back into the sector.
Morgan Stanley to pay $3.2 billion to settle financial crisis-era charges
WASHINGTON (Reuters) – Morgan Stanley will pay about $3.2 billion to settle charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, federal and state officials said Thursday.
Twitter disappoints investors as user growth hits wall
(Reuters) – Twitter Inc reported its first quarter with no growth in users since it went public, stoking fresh concerns on how long it will take for the company to reverse the trend.
