LinkedIn’s outlook misses Wall Street estimates
SAN FRANCISCO (Reuters) – LinkedIn Corp delivered revenue forecasts that fell short of Wall Street’s expectations, deflating hopes that the high-flying professional social network can sustain its growth streak and sending its stock 8 percent lower.
News Corp grip on costs helps beat Street
(Reuters) – News Corp, publisher of the Wall Street Journal, reported a 4 percent decline in quarterly revenue on weaker advertising at its newspapers, but cost cuts helped push profit well ahead of analysts forecasts.
JPMorgan’s Masters joins regulator advisory committee
WASHINGTON (Reuters) – Blythe Masters, who heads JPMorgan’s commodity business, has joined a committee advising the U.S. derivatives regulator, the agency said on Thursday, a move that comes as Masters’ bank is shedding part of its physical commodity o…
SAC Capital’s Martoma found guilty of insider trading
NEW YORK (Reuters) – Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen’s SAC Capital Advisors hedge fund, was found guilty on Thursday of engaging in what prosecutors called the most lucrative insider trading scheme in U.S. hist…
Kia debuts its first electric vehicle for U.S. market
CHICAGO (Reuters) – Kia Motors Corp rolled out an electric version of its Soul compact car on Thursday that the Korean automaker plans to begin selling in some U.S. markets later this year.
Analysis: As U.S. stock market zigzags, some investors pounce
NEW YORK (Reuters) – Just five weeks after the Standard & Poor’s 500 Index ended 2013 with a nearly 30 percent gain, fund managers are getting reacquainted with loss.
Jobs data improves, but weak exports may hurt growth
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, in a boost to the labor market outlook and the broader economy.
Wall Street rallies on labor market data, earnings
NEW YORK (Reuters) – U.S. stocks posted their best day of the year on Thursday after a drop in applications for unemployment insurance boosted confidence in the economy and Disney’s results overshot expectations.
Airbus considers A380 revamp to lift sales: sources
SINGAPORE (Reuters) – Airbus is exploring fresh ways to improve sales of the world’s largest passenger jet after receiving a potentially crucial signal of support from at least one of its engine makers, industry sources said.
Aston Martin says no extra cost to expanded gas pedal recall
DETROIT (Reuters) – Aston Martin said on Thursday its expanded recall of accelerator pedals in 17,590 sports cars would not result in a material added cost beyond its previous estimate of 1.5 million British pounds($2.45 million).
