Facebook revenue, profit beat forecasts; shares hit all-time high
SAN FRANCISCO (Reuters) – Facebook Inc posted surprisingly strong profit and revenue growth as the world’s largest social network grew even larger, with a spike in mobile users and advertising that lifted its stock to an all-time high.
U.S. will not pause Keystone review; Obama expected to reject
WASHINGTON (Reuters) – The United States formally denied a request on Wednesday to pause the review of the proposed Keystone XL oil pipeline, a decision expected to lead to the project’s rejection by the Obama administration.
Boeing nears decision on protest of U.S. bomber award to Northrop
WASHINGTON (Reuters) – Boeing Co may decide as soon as Thursday whether to protest the U.S. Air Force’s selection of Northrop Grumman Corp to develop and build a next-generation long-range strike bomber amid signs that a challenge could be an uphill ba…
Wall St. ends down after energy slide, Yellen comments
(Reuters) – U.S. stocks edged lower on Wednesday, retracing recent gains along with energy shares, while comments by Federal Reserve Chair Janet Yellen pointing to a possible interest rate hike in December added to investor caution.
China woes hurt chipmaker Qualcomm’s profit forecast
(Reuters) – Qualcomm Inc forecast first-quarter profit way below analysts’ expectations as the chipmaker struggles against fierce competition from Chinese and Taiwanese rivals, and faces delays in closing new licensing agreements in China.
U.S. will not pause Keystone review; Obama expected to reject
WASHINGTON (Reuters) – The United States formally denied a request on Wednesday to pause the review of the proposed Keystone XL oil pipeline, a decision expected to lead to the project’s rejection by the Obama administration.
AstraZeneca, Teva reach deal with states in Medicaid pricing case
(Reuters) – Drugmakers AstraZeneca Plc and Cephalon, a unit of Teva Pharmaceutical Industries Ltd , reached a multistate accord on Wednesday over civil charges they overbilled state Medicaid programs, the New York Attorney General announced.
Germany to retest VW cars as scandal pushes Berlin to act
BERLIN (Reuters) – Germany is to retest all Volkswagen car models to gauge their genuine emissions levels after new revelations from the carmaker six weeks into its biggest-ever corporate scandal pushed the government to act.
Chipotle’s E. coli outbreak threatens sales, emboldens critics
LOS ANGELES (Reuters) – Chipotle Mexican Grill Inc’s food poisoning outbreak in Washington state and Oregon threatens to scare diners away from the popular burrito chain and has become fodder for one of its most vocal critics.
Fed’s Yellen sees possible December rate rise, gradual hiking path
WASHINGTON (Reuters) – Federal Reserve Chair Janet Yellen on Wednesday pointed to a possible December interest rate “liftoff” but said rates would rise only slowly from then on to nurture the U.S. economic recovery.
