July 27, 2018

Instagram not an instant fix for ailing Facebook

Revenue forecasts from Facebook Inc that alarmed investors, fueling the worst day ever for its shares on Thursday, add to the pressure on its Instagram unit […]
July 27, 2018

Twitter to prioritize fixing platform over user growth, shares plunge

Twitter Inc on Friday reported fewer monthly active users than analysts expected and warned that the closely-watched figure could keep falling as it deletes phony accounts, […]
July 27, 2018

Mastercard reiterates FY expenses outlook

(This version of the July 26th story corrects to say company reiterated its full-year expense forecast, not raised the full-year expense forecast in headline and paragraphs […]
July 27, 2018

Exclusive: China eyes infrastructure boost to cushion growth as trade war escalates – sources

China plans to put more money into infrastructure projects and ease borrowing curbs on local governments to help soften the blow to the economy from the […]
July 27, 2018

Amazon lifts futures, GDP data awaited

U.S. stock index futures rose on Friday as Amazon’s robust earnings buoyed the flagging FAANG group of high-flying stocks and ahead of a potentially strong U.S. […]
July 27, 2018

Drugmaker Merck’s quarterly profit beats as Keytruda sales surge

Drugmaker Merck & Co topped Wall Street estimates for quarterly profit on Friday as sales of blockbuster cancer drug nearly doubled and the company raised its […]
July 27, 2018

Sell long-in-the-tooth FAANGs, build up BRICs, say analysts

Investors poured $600 million in to U.S. technology stocks in the week leading up to poor results from Facebook , according to Bank of America Merrill […]
July 27, 2018

Thomson Reuters unit to be renamed Refinitiv after Blackstone deal

Thomson Reuters Corp’s Financial and Risk unit, in which U.S. private equity firm Blackstone Group is buying a majority stake, will be renamed Refinitiv once the […]
July 27, 2018

Toyota plans to expand production, shrink cost of hydrogen fuel cell vehicles

Toyota Motor Corp is doubling down on its investment in hydrogen fuel cell vehicles, designing lower-cost, mass-market passenger cars and SUVs and pushing the technology into […]
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