Page 3254 - Business Finance
Netflix shares tank after subscriber numbers miss targets
(Reuters) - Netflix Inc's subscriber growth and forecast fell short of Wall Street expectations, sending shares of the normally high-flying stock crashing 14 percent on Monday.
S&P 500 dips as energy shares fall; Netflix tumbles late after results
NEW YORK (Reuters) - The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America's results reinforced expectations of a strong U.S. earnings season.
S&P 500 dips as energy shares fall; Netflix drops late after results
NEW YORK (Reuters) - The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America's results reinforced expectations of a strong U.S. earnings season.
S&P 500 dips as energy shares fall, but financials bounce
NEW YORK (Reuters) - The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America's results reinforced expectations of a strong U.S. earnings season.
Netflix subscriber growth misses estimates; shares tumble
(Reuters) - Netflix Inc missed Wall Street forecasts for U.S. and international subscribers, saying it had overestimated the pace of new additions for April through June but remained confident in long-term growth.
Ford agrees to $299.1 million U.S. Takata air bag settlement
WASHINGTON (Reuters) - Ford Motor Co agreed to a so-called economic loss settlement of $299.1 million covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show.
Netflix subscriber growth misses estimates
(Reuters) - Netflix Inc added fewer subscribers than expected in both its international and domestic markets in the second quarter.
S&P 500 slips with energy shares, but financials bounce
NEW YORK (Reuters) - U.S. stocks mostly edged lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financial stocks as Bank of America's results reinforced expectations of a strong U.S. earnings season.
Ford agrees to $299.1 million U.S. Takata 'economic loss' settlement
WASHINGTON (Reuters) - Ford Motor Co agreed to a $299.1 million so-called economic loss settlement covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show.
Brent oil falls 4 percent to three-month low as supply outage concerns ease
NEW YORK (Reuters) - Oil prices slumped more than 4 percent on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers.
Tesla shares fall 3.5 percent after CEO Musk abuses British diver
(Reuters) - Shares of Tesla Inc fell 3.5 percent on Monday after Chief Executive Elon Musk directed abuse on Twitter at one of the British cave divers involved in the rescue of 12 Thai children last week.
Bank of America profit beats on consumer loan growth, lower expenses
(Reuters) - Bank of America Corp reported quarterly profit above analyst expectations on Monday as the second-largest U.S. lender cut expenses and benefited from growth in loans and deposits on the back of a strengthening economy.
Oil tumbles, weighs on energy shares; bank stocks rise
NEW YORK (Reuters) - Oil prices dropped about 5 percent on Monday, putting pressure on energy shares and keeping global stock markets in check, although financial shares rallied after upbeat news from Bank of America and Deutsche Bank.
BlackRock reports weaker demand for index funds, shares dip
NEW YORK (Reuters) - BlackRock Inc, the world's biggest asset manager, reported smaller demand for its funds on Monday as investors fled risk, overshadowing a better-than-expected quarterly profit, and its shares dipped.
Gold steadies as weak physical demand, higher U.S. rates weigh
NEW YORK/LONDON (Reuters) - Gold steadied on Monday as weak physical demand in top-consuming regions and the expectation of higher U.S. interest rates weigh, despite the bullion-priced U.S. dollar losing steam.
India ranks low in Dell's women entrepreneur friendly cities: Report
India's technology hub Bengaluru and capital New Delhi rank 40th and 49th respectively on a list of 50 women entrepreneur-friendly global cities, a report by American computer maker Dell Technologies said on Monday.
Technical problem hits MCX's trading system
Commodity trading bourse Multi Commodity Exchange of India (MCX) reported a technical problem with its trading system on late Monday evening.
Strong U.S. retail sales lift second-quarter GDP estimates
WASHINGTON (Reuters) - U.S. retail sales rose solidly in June as households boosted purchases of automobiles and a range of other goods, cementing expectations for robust economic growth in the second quarter.
Drinking liquor in public to attract hefty fine in Goa: CM
Drinking alcohol at public places in Goa will attract heavy fine from August 15, Chief Minister Manohar Parrikar announced today. Addressing a gathering after opening the incubation centre at the state-run Economic Development Corporation (EDC) here, Parrikar said the fine for littering and carrying plastic bags would also go up from the next month. "There is something called civic responsibility. The footpath which is developed along the river in Panaji city is being used by the people for drinking beer," he said. The chief minister said, "There will be heavy fine for drinking in public from the next month. We will implement the decision from August 15 onwards". However, he didn't specify the amount. He said littering would also attract a steeper fine. The fine for carrying plastic bags will be increased from Rs 100 to Rs 2500. "I think that is the only way we can control this menace," he said. Parrikar also lashed out at the citizens who dump flowers by wrapping them in .
IMF warns of growing damage from trade fight, says U.S. vulnerable
WASHINGTON (Reuters) - Escalating and sustained trade conflicts following U.S. tariff actions threaten to derail economic recovery and depress medium-term growth prospects, the International Monetary Fund warned on Monday.