July 27, 2018

CBS shares tumble on report of sexual misconduct by CEO Moonves

Shares of U.S. television network CBS Corp tumbled 6.3 percent to $53.88 midday on Friday after the Hollywood Reporter said that the New Yorker magazine would […]
July 27, 2018

Global stocks end fourth week of gains on sour note as investors jeer earnings

World shares were little changed on Friday as mixed corporate profits and economic data that only met expectations struggled to displace concerns over trade and central […]
July 27, 2018

Factbox: Trump touts strong economy; facts are more nuanced

U.S. President Donald Trump on Friday hailed a report on economic growth as a sign that the economy was mounting a remarkable turnaround under his stewardship. […]
July 27, 2018

Tech, healthcare stocks weigh on Wall Street

U.S. stock indexes were lower on Friday as weak earnings reports from Intel and Twitter dragged on the technology sector and as healthcare stocks were pressured […]
July 27, 2018

Intel shares slip on fears of AMD data center chip challenge

Intel Corp shares fell 9 percent on Friday, after the chipmaker’s upbeat results were overshadowed by concerns that Advanced Micro Devices Inc may be chiseling off […]
July 27, 2018

Bayer hits back at new Netflix medical device documentary

Bayer AG disputed accusations in a new Netflix documentary that claims medical device makers and the U.S. Food and Drug Administration placed profits before patient safety. […]
July 27, 2018

Exxon Mobil, Chevron earnings miss Wall Street expectations

Exxon Mobil Corp and Chevron Corp, two of the world’s largest oil producers, reported quarterly profit on Friday that fell far short of Wall Street’s expectations. […]
July 27, 2018

Twitter warns fake account purge to keep erasing users, shares drop 19 percent

Twitter Inc on Friday said it lost 1 million monthly active users from the previous quarter and warned the closely watched figure could keep falling as […]
July 27, 2018

Fox and Disney shareholders approve deal for entertainment assets

Twenty-First Century Fox Inc and Walt Disney Co said on Friday their shareholders voted to approve Disney’s $71 billion purchase of Fox’s film and television assets. […]
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