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. Like many people on Wall Street and beyond, Sara Furber devoured Michael Lewis’s Flash Boys, the best-selling book that argued high-speed traders had rigged the world’s biggest stock markets. ... [Read full article on Guardian ]
Monday 18th of September 2017 09:00:05 AM
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. Wall Street’s top regulator came under fire on Thursday about its cybersecurity and disclosure practices after admitting hackers had breached its database of corporate announcements in 2016 and may have used it for insider trading. ... [Read full article on Guardian ]
Thursday 21st of September 2017 07:58:42 PM
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Latest Finance News related to Wall Street

'It's hugely problematic': SEC under fire from Congress over data hack image
Source : Guardian [Read Article] Thursday 21st of September 2017 07:58:42 PM
. Wall Street’s top regulator came under fire on Thursday about its cybersecurity and disclosure practices after admitting hackers had breached its database of corporate announcements in 2016 and may have used it for insider trading. ...
Meet the woman fighting Wall Street's Flash Boys image
Source : Guardian [Read Article] Monday 18th of September 2017 09:00:05 AM
. Like many people on Wall Street and beyond, Sara Furber devoured Michael Lewis’s Flash Boys, the best-selling book that argued high-speed traders had rigged the world’s biggest stock markets. ...
Deal or no deal, Sky is the regulators’ hardest ever test image
Source : Guardian [Read Article] Sunday 17th of September 2017 06:00:33 AM
.... And establish clear principles of media conduct as they cross borders. The City and Wall Street are still rating eventual approval a 70% chance. ...
Don’t dismiss bankers' predictions of a bitcoin bubble – they should know image
. When the boss of Wall Street’s biggest bank calls a bubble, the world inevitably sits up and listens, albeit with a sense of historically weighted irony: of course an investment bank boss would spot disaster after his industry presided over the last one. ...
Blue Bottle Coffee sells to Nestlé – so has it sold out? image
Source : Guardian [Read Article] Saturday 16th of September 2017 11:00:10 AM
....He began serving his first cups of slow coffee at a farmers’ market, relying on a small batch roaster for his beans, and taking the name for his new enterprise from a Viennese folk hero Jerzy Franciszek Kulczycki who, having helped fend off Ottoman invaders in the 17th century, opened a coffee shop called ‘House under the Blue Bottle’. “One day, I looked up and there were 15 people in line,” Freeman told the Wall Street Journal in 2012. ...
The financial system is still blinking red. We need reform more than ever | Rana Foroohar image
....It’s an amazing fact that a decade on from the financial crisis, Americans are still arguing about how to reform our financial system. Even as the Trump administration argues for a roll-back of the hard-won Dodd-Frank banking regulation, it’s worth noting that disenchantment with Wall Street is, paradoxically, one of the things that brought the president to office. ...
Donald Trump's 3% growth plan is only for the 1% | Kenneth Rogoff image
Source : Guardian [Read Article] Monday 11th of September 2017 01:09:01 PM
....Donald Trump has boasted that his policies will produce sustained 3%-4% growth for many years to come. His prediction flies in the face of the judgment of many professional forecasters, including on Wall Street and at the Federal Reserve, who expect that the US will be lucky to achieve even 2% growth. ...
iPhone X: Apple’s latest iPhone name leaks ahead of official release image
Source : Guardian [Read Article] Monday 11th of September 2017 02:15:00 AM
....The product presentation will be in the Steve Jobs Theater, a glass-walled auditorium that seats 1,000. Apple’s chief designer, Sir Jony Ive, recently told the Wall Street Journal the headquarters project evoked the same set of feelings as a new consumer product. ...
Noel Edmonds says litigation funder will bankroll his £300m battle with Lloyds image
....Lloyds had denied there was any wrongdoing at its Reading branch until two of its former employees were convicted of fraud in February. A group of six bankers nicknamed “Britain’s Wolves of Wall Street” were jailed for a combined 47 years and six months for their part in the £245m loans scam which destroyed several businesses. ...
American Apparel founder Dov Charney: ‘Sleeping with people you work with is unavoidable’ image
....The story of what actually happened to American Apparel depends on who you ask, Charney or the board members. The shortest answer is that the problems started when the company went public in 2007, and soon enough, all the qualities that Charney saw as his strengths – his unpredictability, his dizzying ambition, his notoriety – were liabilities in the context of Wall Street. ...
Confessions from the City: why firms are failing to tackle the cocaine crisis image
Source : Guardian [Read Article] Saturday 9th of September 2017 11:04:21 PM
....Usage permeates a social demographic that includes the middle classes and those on lower incomes, according to government drugs advisers. But while Hollywood narratives such as The Wolf of Wall Street continue to feed the work-hard-play-hard stereotype, the reality is that addiction is a very real problem among salaried professionals such as those in the Square Mile. ...
The $1tn question: how far can the new iPhone 8 take Apple? image
Source : Guardian [Read Article] Saturday 9th of September 2017 03:00:11 PM
.... Tuesday’s event, with the iPhone 8 the star attraction, will strive to meet investors’ – and customers’ – vaulting expectations. But what will Apple tempt users with to justify Wall Street’s faith in its future profits? An Apple spokesman declined to discuss what will be revealed at the event in the company’s $5bn, spaceship-shaped Cupertino headquarters. ...
The debt trap: how the student loan industry betrays young Americans image
Source : Guardian [Read Article] Wednesday 6th of September 2017 10:00:28 AM
.... The company also owns controversial subsidiary companies such as Pioneer Credit Recovery that stand to profit from collecting the debt of loans that go into default. And just as banks have done with mortgages, Navient packages many of the private and pre-2010 federal loans and sells them on Wall Street as asset-backed securities. ...
FTSE falls to 16-week low after North Korea missile test and storm Harvey image
....Surveys of business confidence in Germany have fallen back in recent weeks in response to the euro and its impact on the country’s exports. Wall Street also suffered as the full impact of the heavy rains from tropical storm Harvey became clearer. ...
Janet Yellen rebukes Trump over plan to lift financial regulations image
Source : Guardian [Read Article] Friday 25th of August 2017 04:00:14 PM
....”. The president, who has vowed to “do a big number” on the Dodd-Frank law at the centre of banker complaints, is backing calls from executives on Wall Street and Republicans in Congress for looser financial regulations to spur growth. ...
Why ECB president is still flooding the system with cheap money image
Source : Guardian [Read Article] Wednesday 23rd of August 2017 06:17:13 PM
.... All the indications are that growth in the G7 economies and emerging markets will continue for the rest of the year, but then the 10-year recovery from the crash looks to be running out of steam. Wall Street analysts at HSBC, Citigroup and Morgan Stanley said there was evidence global markets had entered the last stage of their rallies before the current business cycle comes to an end. ...
Quantitative easing is a costly habit we should have kicked long ago | Larry Elliott image
....In the past couple of months Donald Trump has tried and failed to repeal Barack Obama’s Affordable Health Care Act, threatened North Korea with war, fired the opening salvos in a trade war with China and lost the confidence of those running America’s big corporations. Since this catalogue of misfortune seems to have had zero impact on Wall Street, it is worth contemplating what might shake the markets out of their complacency. ...
How Trump v Kim can wreck the world economy without a shot being fired | Larry Elliott image
.... Last week marked the 10th anniversary of the start of the biggest financial crisis since the Great Depression, making it an appropriate moment for Donald Trump to threaten North Korea with obliteration. One of the few achievements Trump can point to in his first six months in office is that shares on Wall Street have been steadily rising since his election victory last October. ...
Aw, Snapchat! Its shares stood little chance in the face of Facebook image
Source : Guardian [Read Article] Sunday 13th of August 2017 06:00:06 AM
.... As it was, the shares fell 16% after second-quarter results on Thursday. Debate around those figures was dominated by Spiegel’s assertion that Wall Street analysts are looking at his camera app company through the wrong lens. ...
Vanishing app: Snapchat struggles as Facebook bites back image
Source : Guardian [Read Article] Friday 11th of August 2017 05:40:23 PM
....On top of these woes, Snap has a money problem. Wall Street cares about revenues in a way that Silicon Valley doesn’t. ...
News Corp posts $817m loss after falls in value of newspaper and pay TV assets image
....However, digital subscriptions at the Australian mastheads are growing steadily from 225,600 in 2014-15 to 271,000 in 2015-16 to 363,000 this financial year. Elsewhere, the Times and the Sunday Times now have a digital-only subscription base of 201,000 and the Wall Street Journal has moved past one million paid subscribers to 1,270,000. ...
Snapchat takes another hit on Wall Street image
Source : Guardian [Read Article] Thursday 10th of August 2017 09:38:31 PM
. Dancing hot dogs were not enough to save Snapchat from another Wall Street pounding on Thursday. ...
Investors move to safe havens as US and North Korea trade threats image
Source : Guardian [Read Article] Wednesday 9th of August 2017 04:25:55 PM
....06. But the prospect of hefty losses on Wall Street stocks was averted when US secretary of state Rex Tillerson said there was “no imminent threat of war” and that Americans could “sleep well at night”. ...
Alistair Darling: 'RBS said it would run out of money in early afternoon' image
Source : Guardian [Read Article] Wednesday 9th of August 2017 07:59:03 AM
....“We all know that crises will come in the future, what we don’t know is when and how. What Wall Street reform did was for the first time since the Great Depression gave us the ability to have tools where we could deal with an evolving financial system to have the safeguards that we need. ...
A decade after the financial meltdown, its underlying problems haven’t been fixed image
.... Local bank BNP Paribas announced it was freezing the assets of three hedge funds with heavy exposures to the US sub-prime mortgage market. A little more than a year later, after the run on Northern Rock and the bailout of Bear Stearns in the US, the full earthquake arrived in the form of the collapse of Lehman Brothers, one of Wall Street’s biggest banks. ...
John Malone, the ‘swamp alligator’ chewing up the UK’s media market image
.... “I have absolutely the highest respect for Rupert. ” That may be, but the man known as the “swamp alligator” among Wall Street traders for his cut-throat tactics, is one of the few to have got the better of Murdoch and threaten the family empire. ...
'It's hard to remember how fraught it was': Mark Carney on the credit crunch image
.... We viewed the system as on the verge of collapse from the fall of 2007,” said Carney. He said the rescue of Wall Street firm Bear Stearns in March 2008 was a respite, but added: “Throughout that period, we felt that in … the three jurisdictions in the US and the UK and Europe . ...
The Bank keeps hinting at a rate rise. Markets will only listen for so long image
.... As the Dow Jones industrial average climbs higher and higher, Donald Trump seems to be taking a similar approach: never mind the comings and goings in a chaotic White House, we’ll always have the Dow. Wall Street has certainly been going gangbusters. ...
Dow soars to record high as it crosses 22,000 mark for the first time image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 02:17:50 PM
.... Meanwhile, the S&P 500 and Nasdaq Composite are also near record highs. This latest Wall Street surge has been helped by forecast-beating results from Apple, which also pleased investors by dismissing suggestions its forthcoming iPhone 8 could be delayed. ...
The IMF is right to downgrade its forecast for the UK | Larry Elliott and Nils Pratley image
. Three months before the start of the biggest financial crisis since the Wall Street Crash, the International Monetary Fund confidently predicted that the world economy looked “well set” for robust growth in 2007 and 2008. ...
Jared Kushner sealed real estate deal with oligarch's firm cited in money-laundering case image
.... Five years later, AFI tried to return the money to the Russian-owned company, but it was intercepted and frozen by Dutch authorities at the request of the US government as part of the Prevezon money-laundering investigation. In Manhattan, Leviev’s firm also sold condominiums to Prevezon Holdings from one of its landmark developments at 20 Pine Street, just a few blocks from Wall Street. ...
Lloyds compensates only five victims of HBOS fraud scandal image
Source : Guardian [Read Article] Friday 21st of July 2017 07:00:12 AM
....Lloyds had denied that there was any wrongdoing at its Reading branch until two of its former employees were convicted of fraud in February. A group of six bankers dubbed “Britain’s Wolves of Wall Street” were jailed for combined 47 years and six months for a complex scam at HBOS’s Reading branch between 2003 and 2007. ...
Shares in Asia head for 10-year high on back of US profit surge image
Source : Guardian [Read Article] Thursday 20th of July 2017 04:19:56 AM
....2%. The MSCI world index rose for its tenth straight session on Thursday and set a record high for the sixth consecutive day, lifted by all-time closing highs on Wall Street. ...
Morgan Stanley picks Frankfurt as post-Brexit hub image
Source : Guardian [Read Article] Wednesday 19th of July 2017 04:11:56 PM
....Firms were not moving their business yet, he said, but they were talking “more in terms of getting there”. Bailey made his remarks amid expectations that the Wall Street firm Citi will shortly announce that Frankfurt is to become its key hub in the EU. ...
'City will have to launch Brexit plans if there is no transitional deal' image
....Financial Conduct Authority chief executive Andrew Bailey said City firms were getting near to the point where they would have to take steps to move staff and other measures to ensure that they can continue to operate seamlessly once the UK leaves the EU in March 2019. He made his remarks amid expectations that Wall Street firm Citi will announce that Frankfurt is to become its key hub in the EU. ...
Netflix tops 100m subscribers as it draws worldwide audience image
Source : Guardian [Read Article] Tuesday 18th of July 2017 09:49:29 AM
....2 milllion subscribers in the second quarter. It was a far bigger number than Wall Street had expected and this is traditionally Netflix’s slowest time of the year: over the past five years it has averaged growth of less than 2 million in the spring months. ...
Governments have to invest in the fourth industrial revolution | Larry Elliott image
.... If ever there was a time when companies might have been excused for salting their cash away it was the 1930s, when the US economy contracted by a quarter. Yet in the dark years after the Wall Street Crash, the US corporate sector ran down its cash pile, so much so that it had negative savings in the years from 1930 to 1934. ...
Rupert Murdoch will not offer new Sky deal to culture secretary image
Source : Guardian [Read Article] Thursday 13th of July 2017 03:18:55 PM
....This makes it highly likely that the culture secretary will just have time to announce that she is calling in the CMA before parliament breaks for summer recess at the end of next week. In June, Bradley told Fox she believed the deal – which would mean the Murdochs control the Times, Sun, Wall Street Journal as well as Sky News and the rightwing Fox News – should probably be subjected to an in-depth investigation following advice from Ofcom that it raises significant media plurality concerns. ...
JP Morgan: we'll only move jobs from UK after Brexit if EU forces us image
Source : Guardian [Read Article] Tuesday 11th of July 2017 04:35:32 PM
. The worldwide boss of JP Morgan has said othat the Wall Street bank would only have to move thousands of jobs out of the UK in response to Brexit if ordered to do so by the EU. ...
How economics became a religion | John Rapley image
Source : Guardian [Read Article] Tuesday 11th of July 2017 05:00:01 AM
....Yet if history teaches anything, it’s that whenever economists feel certain that they have found the holy grail of endless peace and prosperity, the end of the present regime is nigh. On the eve of the 1929 Wall Street crash, the American economist Irving Fisher advised people to go out and buy shares; in the 1960s, Keynesian economists said there would never be another recession because they had perfected the tools of demand management. ...
How healthy is the global financial system? | Mohamed El-Erian image
Source : Guardian [Read Article] Monday 10th of July 2017 09:00:47 AM
....Because risks have morphed – and migrated out of the banking system – regulators and supervisors will have to step up their efforts and widen their focus to see beyond the banks. After all, as Greg Ip of the Wall Street Journal pointed out in 2015: “Squeezing risk out of the economy can be like pressing on a water bed:– the risk often re-emerges elsewhere. ...
Baidu boss investigated for riding in self-driving car image
Source : BBC [Read Article] Thursday 6th of July 2017 07:38:11 AM
....Two of its autonomous vehicles using Apollo version 1. 0 were on display at the developers conference, the Wall Street Journal said. ...
Alibaba reveals Echo-like smart speaker image
Source : BBC [Read Article] Wednesday 5th of July 2017 04:05:12 PM
.... Apple and Microsoft have similar products scheduled for release soon. And Samsung is readying a speaker of its own, powered by its new Bixby virtual assistant, according to a report by the Wall Street Journal on Tuesday. ...
Tesla boosted ahead of Model 3 electric car launch image
Source : BBC [Read Article] Monday 3rd of July 2017 03:11:07 PM
....Earlier this year, Tesla overtook General Motors and Ford as the most valuable US carmaker, even though it only built 84,000 cars in 2016. The firm was valued at $60bn on Wall Street on Monday, compared with $54bn for General Motors and $46bn for Ford. ...
Can you buy anything real with Bitcoin? On the streets of Bristol, it proves a hard sell image
....”. Seduced by Khan’s tale of high-wire financial derring-do, I decide to pitch in with the geeks, the rebels, the tyros, the wolves of this virtual Wall Street and buy £20 of Bitcoin. ...
Labour MPs warn ministers against ‘grubby deal with Murdochs’ over Sky image
....Ed Miliband, the former Labour leader, told Bradley that she should not accept any undertakings in lieu of a full competition inquiry. He said: “Can I urge the secretary of state not to do a grubby deal with the Murdochs, because we know their history, they break every undertaking they make, from the Times to the Wall Street Journal. ...
Con man or brilliant? Clashing portraits of Martin Shkreli offered as trial begins image
....In his opening, assistant US attorney Karthik Srinivasan accused Shkreli of building a bogus hedge fund empire by telling “lies on top of lies on top of lies”. Though he portrayed himself as a Wall Street wizard, “in reality, he was just a con man”, the prosecutor said. ...
Murdoch's Sky takeover bid: culture secretary's verdict due this week image
.... During Rupert Murdoch’s previous bid Jeremy Hunt, the then culture secretary, accepted an offer to spin-off Sky News to allay media plurality issues raised by Ofcom. Critics of the Murdochs argue that the family will still be the ultimate owner of assets including the Sun, Times and Wall Street Journal as well as Fox News and Sky News that will give them too much control over UK news media. ...
Trump could use alternate routes to roll back bank reforms image
Source : Guardian [Read Article] Sunday 25th of June 2017 11:00:28 AM
. On the campaign trail and in office, Donald Trump has promised to replace the Dodd-Frank Wall Street regulations, triggering fears that he could unleash a new wave of reckless bankers armed with dangerous and loosely regulated financial practices. ...
Our leaders have lost touch with reality – just like the banks did | Aditya Chakrabortty image
....Even as their world came apart, the bankers clung to denial. By August 2007, the flagship hedge fund of Wall Street’s most prestigious firm was tanking fast – and what explanation came from the man at Goldman Sachs? “We were seeing things that were 25-standard deviation moves, several days in a row. ...
Uber silent on CEO’s future as it adopts Holder proposals image
Source : Guardian [Read Article] Monday 12th of June 2017 07:04:16 AM
.... Kalanick’s father suffered moderate injuries. The Wall Street Journal reported on Sunday that the chief business officer, Emil Michael, was planning to resign as soon as Monday. ...
Naomi Klein: ‘Trump is an idiot, but don’t underestimate how good he is at that’ image
....In 2008, the year after The Shock Doctrine was published, Klein believed that the financial crash would prove a reckoning for this cynical philosophy. That the ways in which the Wall Street elite had enriched itself through manipulation and deregulation would finally be exposed in plain sight. ...
Democrats say Dodd-Frank repeal is 'wrong choice' image
Source : BBC [Read Article] Friday 9th of June 2017 08:42:41 PM
....Senator Sherrod Brown, the Democrat who heads the banking committee in the Senate, has said he is open to loosening rules for smaller community banks. But he lambasted the House measure, calling it "partisan, dangerous legislation [that] would once again leave families, seniors and service members at the mercy of predatory lenders, and put taxpayers back on the hook to pay for Wall Street's greed and recklessness. ...
Mail makes gains (but not profits) in the battle to break America image
Source : Guardian [Read Article] Sunday 4th of June 2017 06:00:16 AM
....Alex looks at the Mail’s 19% rise in digital revenues (substantially offsetting the drop in print ads) and reckons that UK papers competing in a global arena ought to be more valued by the City for innovation and market worth. (Contrast and compare $18bn raised by the Wall Street float of the embryo Snap empire. ...
Jeff Bezos: the 'obsessive' Amazon founder and world's next richest man image
....The letter lays out Bezos’s approach to business and running Amazon. He pledges to focus on the long term and being the market leader, “rather than short-term profitability considerations or short-term Wall Street reactions”. ...
Snapchat brings its hip round Spectacles to Europe image
Source : Guardian [Read Article] Friday 2nd of June 2017 06:00:17 AM
.... And when I got the footage back and watched it, I could see my own memory, through my own eyes. It was unbelievable,” he told the Wall Street Journal in a rare interview. ...
Dow jumps on US climate deal withdrawal image
Source : BBC [Read Article] Thursday 1st of June 2017 03:39:31 PM
. Wall Street closed higher on Thursday following confirmation of President Trump's plan to withdraw from the Paris climate deal. ...
Shareholders force ExxonMobil to come clean on cost of climate change image
Source : Guardian [Read Article] Wednesday 31st of May 2017 05:28:57 PM
....Edward Mason, head of responsible investment at Church Commissioners for England, which led the vote, said shareholders were showing how out of step the Trump administration had become on climate change. “Trump is acting contrary to Wall Street and the world’s largest investors,” he said. ...
Urinating dog joins Wall Street statue row image
Source : BBC [Read Article] Tuesday 30th of May 2017 05:26:11 PM
. On the eve of International Women's Day in March this year, Wall Street's iconic Charging Bull statue was joined by a defiant little girl. ...
Goldman Sachs condemned for buoying Venezuela with $2.8bn bond purchase image
....8bn worth of bonds from Venezuela’s crisis-torn government in a move opposition leaders have decried for propping up the country’s “dictatorial regime”. The Wall Street Journal first reported on Sunday that the bank had bought $2. ...
Whole Foods represents the failures of 'conscious capitalism' | Nicole Aschoff image
.... Behemoths such as Kroger, Safeway, Target and even Walmart now offer a wide-range of organic produce for considerably less than “Whole Paycheck”. Mackey’s conscious company has gone from Wall Street darling to Wall Street basket case in the blink of an eye. ...
Spotify hopes going public will cement streaming as music's future image
Source : Guardian [Read Article] Saturday 27th of May 2017 10:00:25 AM
. The world may love the services they provide, but the new generation of tech companies haven’t found much love on Wall Street recently. ...
Ford names Jim Hackett as new CEO in push to build self-driving cars image
....Despite posting a pre-tax profit of $10. 4bn (£8bn) last year, the company has fallen out of favour on Wall Street and its stock has declined by 37% during Fields’ tenure. ...
Marks & Spencer’s underwear is level at 30,000 feet image
Source : Guardian [Read Article] Sunday 21st of May 2017 06:00:47 AM
....At this week’s annual meeting, shareholders will get to vote on a proposal that the firm starts to “prepare a report on the nature and feasibility of selling the platform to its users via a co-operative or similar structure with broad-based ownership and accountability mechanisms” – and you can quickly guess what the board reckons to all that. Still, Wall Street lawyers being Wall Street lawyers, the response is tedious and lengthy, employing phrases such as: “Our directors and management are constantly seeking to maximise long-term stockholder value and do so by evaluating all opportunities to strengthen and focus our business. ...
Bernie Madoff photos offer rare glimpse of convicted fraudster in prison image
. Robert De Niro takes on the role of Bernie Madoff, the Wall Street legend who fleeced investors of billions of dollars in the largest financial fraud in US history, in a new original movie that was aired on HBO on Saturday night. ...
Dow Jones falls more than 370 points as Trump controversy rattles markets image
. Turmoil in Washington DC triggered a sell-off on Wall Street on Wednesday, with US stocks falling sharply as investors fretted that Donald Trump’s latest woes could derail his pro-business agenda. ...
Global stock markets fall as Trump turmoil intensifies image
Source : BBC [Read Article] Wednesday 17th of May 2017 05:31:25 PM
....Big falls on US stock markets have dragged down Asian shares over fears the political controversy surrounding President Trump will blunt his ability to deliver tax and regulatory reform. Wall Street's three main indexes shed more than 1. ...
Lloyds should give the backslapping a rest after sale of government stake | Nils Pratley image
....This reaction is surely tame in the extreme given the pace of events in Washington. Even now, Wall Street continues to debate the chances, or otherwise, of Trump’s infrastructure spending boom arriving on schedule. ...
Global stock markets: what's driving the record rises – and will they continue? image
.... But with some signs of weakness in the first quarter, that may well be the last rise from the US central bank for a while. These small hikes have done little to halt a Wall Street rally and a pause is likely to be welcomed by investors. ...
Ford 'set to shed 10% of workforce' image
Source : BBC [Read Article] Tuesday 16th of May 2017 07:39:31 AM
....Chief executive officer Mark Fields also wants to arrest the slide in the US car company's share price. The cuts, first reported in the Wall Street Journal, are part of a plan to save $3bn (£2. ...
Snap plunges as Wall Street loses ground image
Source : BBC [Read Article] Thursday 11th of May 2017 08:47:45 PM
. Wall Street closed lower on Thursday, pulled down by lower-than-expected sales at major US department stores and a selloff in Snap. ...
Aw Snap: Snapchat parent company's value plummets after earnings report image
Source : Guardian [Read Article] Wednesday 10th of May 2017 09:22:36 PM
....Wednesday was the first time Snap has had to publish its earnings since it made its initial public offering (IPO) in March, which valued the company at $28bn. Since then, the company has been trying to convince Wall Street that it can make money from advertising at a time when rival Facebook has been pushing aggressively into Snap’s territory. ...
21st Century Fox hit by lack of blockbusters image
Source : BBC [Read Article] Wednesday 10th of May 2017 09:14:26 PM
....The Murdoch family controls a large media empire. Its News Corp, which was spun out of 21st Century Fox in 2013, owns major newspapers in the UK, Australia and the US, including the Sun, The Times and the Wall Street Journal. ...

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