Facebook smashes analyst targets but executive comments spook Street
SAN FRANCISCO (Reuters) – Facebook Inc posted strong growth in its mobile advertising business on Wednesday but rattled investors after saying that it did not plan to boost the frequency of ads shown to users.
US Airways, American consider merger settlement: sources
WASHINGTON (Reuters) – US Airways Group and American Airlines are considering giving up takeoff and landing slots at Washington’s Ronald Reagan National Airport to win regulator approval of their $11 billion merger, two people familiar with the matter …
Facebook smashes analyst targets but executive comments spook Street
SAN FRANCISCO (Reuters) – Facebook Inc posted strong growth in its mobile advertising business on Wednesday but rattled investors after saying that it did not plan to boost the frequency of ads shown to users.
Fed maintains strong stimulus as U.S. growth stumbles
WASHINGTON (Reuters) – The Federal Reserve extended its support for a soft U.S. economy on Wednesday, sounding a bit less optimistic about growth as it announced plans to keep buying $85 billion in bonds per month.
Sins of past, present and future haunt banks
LONDON (Reuters) – The cost to banks of cleaning up past misdeeds has soared over $100 billion and is leaving lenders running scared from areas that put them in potential danger of upsetting regulators.
Facebook smashes analyst targets but executive comments spook Street
SAN FRANCISCO (Reuters) – Facebook Inc posted strong growth in its mobile advertising business on Wednesday but rattled investors after saying that it did not plan to boost the frequency of ads shown to users.
NSA intercepts Google, Yahoo traffic overseas: report
SAN FRANCISCO (Reuters) – The National Security Agency has tapped directly into communications links used by Google and Yahoo to move huge amounts of email and other user information among overseas data centers, the Washington Post reported on Wednesda…
U.S. attorney wants DOJ to take civil action against BofA: filing
NEW YORK (Reuters) – Staff of a U.S. Attorney’s office recently told Bank of America Corp that they plan to recommend the U.S. Department of Justice file a civil action against the bank related to securitization of mortgages, according to a regulatory …
McDonald’s and Kraft to test grocery coffee sales in 2014
(Reuters) – McDonald’s Corp and Kraft Foods Group Inc plan in 2014 to test sales of McCafe-branded packaged coffees at grocery stores and other retail locations in multiple U.S. markets, the companies said on Wednesday.
Batista’s OGX files for bankruptcy protection in Brazil
RIO DE JANEIRO (Reuters) – OGX Petróleo e Gas Participações SA, the Brazilian oil company controlled by former billionaire Eike Batista, sought court protection from creditors on Wednesday in Latin America’s largest-ever corporate bankruptcy filing.
