Page 2980 - Business Finance
Uber doubles down on freight business
SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] is creating a standalone business out of its long-haul trucking business, with plans to double its investment in the unit to drive growth ahead of a much-anticipated initial public offering next year.
Snap beats on revenue, loses users for the first time
SAN FRANCISCO (Reuters) - Snap Inc shares soared more than 12 percent after hours on Tuesday as the company reported better-than-expected quarterly revenue and adjusted earnings even as daily users fell for the first time in its reporting history.
CORRECTED: Snap loses users for the first time, beats on revenue
SAN FRANCISCO (Reuters) - (This story corrects net loss estimates in paragraph 19 and comparison in third paragraph)
Disney quarterly profit misses as programming costs surge
(Reuters) - Walt Disney Co missed Wall Street profit targets on Tuesday as it lost more subscribers at its cable sports network ESPN and invested in technology and programming to try and capture audiences migrating to streaming television.
Oil rises as U.S. sanctions on Iran stir supply worries
NEW YORK (Reuters) - Oil prices rose on Tuesday after U.S. sanctions on Iranian goods went into effect, intensifying concerns that sanctions on Iranian oil, expected in November, could cause supply shortages.
Elon Musk considers a private Tesla in tweet, shares jump
SAN FRANCISCO (Reuters) - Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight financial constraints.
Saudi Arabian agency stops buying Canadian wheat, barley
HAMBURG (Reuters) - Saudi Arabia's main state wheat buying agency has told grains exporters it will no longer buy Canadian wheat and barley in its international tenders, European traders said on Tuesday, as a diplomatic dispute between the two countries escalates.
Papa John's earnings forecast slips amid public spat with founder
NEW YORK (Reuters) - Papa John's International Inc on Tuesday reported a second-quarter comparable sales decline of 6.1 percent in North America and said it expects the metric to fall between 7 percent and 10 percent in the current quarter, as an increasingly heated spat between the company and its founder is expected to drag on profits.
Amazon and Microsoft nudge S&P 500 closer to record high
(Reuters) - The S&P 500 inched nearer to a record high on Tuesday, lifted by Amazon, Alphabet and Microsoft, and by a strong second-quarter earnings season that fuelled optimism about the U.S. economy's strength.
Stocks rise on China boost, S&P 500 nears record; oil gains
NEW YORK (Reuters) - Equity markets around the world neared a six-month high on Tuesday, buoyed by a rebound in Chinese stocks and an earnings-driven surge on Wall Street, while oil prices rose on concerns U.S. sanctions against Iran could cause supply shortages.
Venezuela dodges oil asset seizures with export transfers at sea
HOUSTON/PUNTO FIJO (Reuters) - Venezuela's state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil between tankers at sea and loading vessels in neighbouring Cuba to avoid asset seizures.
Disney quarterly revenue rises 7 percent
(Reuters) - Walt Disney Co reported a 7 percent rise in quarterly revenue on Tuesday, driven by the success of superhero movie "Avengers: Infinity War" and more visitors to its theme parks and resorts.
Snap loses users for the first time, beats on revenue
SAN FRANCISCO (Reuters) - Snap Inc's Snapchat app unexpectedly lost users in the second quarter, the company said on Tuesday, likely adding fuel to investor fears about slowing growth in the social media sector.
S&P 500 moves closer to record high; Amazon, Alphabet help
NEW YORK (Reuters) - The S&P 500 inched nearer to a record high on Tuesday, lifted by Amazon, Alphabet and Microsoft, and by a strong second-quarter earnings season that fueled optimism about the strength in the U.S. economy.
Tesla call options jump on Musk tweet, short-sellers hurt
NEW YORK (Reuters) - Some nimble traders in Tesla Inc's options made massive paper profits on Tuesday, while short-sellers were hit with nearly $1 billion in paper losses after Tesla chief Elon Musk tweeted he was considering taking the company private.
Tesla statement on potential deal to go private
(Reuters) - The following blog post was published on Tuesday by Tesla Inc Chief Executive Elon Musk following his earlier comments on Twitter about taking the company private. The link to the full blog is: https://www.tesla.com/blog/taking-tesla-private?redirect=no
Stocks near six-month peak on China boost, oil gains
NEW YORK (Reuters) - Equity markets around the world neared a six-month high on Tuesday, buoyed by a rebound in Chinese stocks and an earnings-driven surge on Wall Street, while oil prices rose on concerns U.S. sanctions against Iran could cause supply shortages.
Elon Musk considers taking Tesla private in tweet, shares jump
SAN FRANCISCO (Reuters) - Chief Executive Elon Musk said on Twitter he is considering taking Tesla Inc private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight financial constraints.
Amazon and Alphabet push S&P 500 closer to record high
(Reuters) - The S&P 500 inched toward a record high on Tuesday, lifted by Amazon, Alphabet and Microsoft, and by a strong second-quarter earnings season that fuelled optimism about the strength in the U.S. economy.
Adani Transmission Q1 net jumps 101% to Rs 169 crore
Gautam Adani-led Adani Transmission Ltd (ATL) on Tuesday posted an over 100 per cent jump in consolidated net profit at Rs 169.34 crore for the first quarter ending June on the back of higher revenues.