Facebook revenue, profit beat forecasts; shares hit all-time high
SAN FRANCISCO (Reuters) – Facebook Inc posted a surprisingly strong 40.5 percent jump in quarterly revenue as new advertising services and its mobile app boosted ad sales at the world’s largest social network.
Kraft Heinz to close seven plants, cut 2,600 jobs
(Reuters) – Kraft Heinz Co , the maker of Jell-O, Oscar Mayer meats and other brands, said on Wednesday it will close seven factories and lay off about 2,600 employees in North America as it seeks to cut costs.
Kraft Heinz to close 7 plants, cut 2,600 jobs
(Reuters) – Kraft Heinz Co will close seven factories and lay off about 2,600 employees, a spokesman for the food company said.
Time Warner warns on ad revenue as ratings fall, shares plunge
(Reuters) – Time Warner Inc – the owner of cable channels TNT, TBS Cartoon Network – said ratings for its “key” domestic entertainment networks have dropped more than anticipated, which will result in a fall in ad revenue next year.
Greek bank recap may cost euro zone 10 billion euros or less, official says
BRUSSELS (Reuters) – The euro zone may need to spend only 10 billion euros or less to help recapitalize Greek banks, a senior EU official said, after an ECB test showed the sector would need an extra 14.4 billion euros of capital if major risks materia…
Alstom to launch share buy-back worth 3.2 billion euros
PARIS (Reuters) – French engineering group Alstom said on Wednesday it would launch a share buy-back program worth 3.2 billion euros ($3.5 billion) on Dec. 23.
Exclusive: U.S. insurer caught on to odd billing at Valeant-linked pharmacy
NEW YORK/LOS ANGELES (Reuters) – OptumRx, a leading U.S. pharmacy benefits manager, began to stop payments to a pharmacy closely-linked to Valeant Pharmaceuticals International more than a year ago after recognizing billing irregularities, former emplo…
U.S. economic data seen supporting December interest rate hike
WASHINGTON (Reuters) – U.S. private employers maintained a steady pace of hiring in October and a jump in new orders buoyed activity in the services sector, suggesting the economy was strong enough to support an interest rate hike from the Federal Rese…
Pacific trade pact details could be released this week: source
WASHINGTON (Reuters) – Pacific trading partners are working toward releasing details of a sweeping free trade pact, designed to free up exports of goods ranging from medicines to milk, as early as the end of this week, a person familiar with the text s…
Euro zone growth weak in October, China services rally
LONDON (Reuters) – Euro zone private business growth remained tepid last month but activity in China’s services industry expanded at its fastest pace in three months, easing concerns about persistent weakness in its economy, surveys showed on Wednesday…
