News

Prime hike gives Amazon warchest for fight over postal costs

(Reuters) – Amazon.com Inc’s (AMZN.O) 20 percent hike in the cost of Prime membership should deliver more than $1 billion in extra revenue this year and cover any “rational” hike in United States Postal Service delivery fees, Wall Street analysts said on Friday. President Donald Trump has been laying into the Seattle-based…

Continue reading

Money

Credit Suisse chairman sees more efficiency work ahead

ZURICH (Reuters) – Credit Suisse still has work ahead after making good progress towards achieving targets set for a three-year turnaround, Chairman Urs Rohner told the group’s annual general meeting on Friday. FILE PHOTO – CEO Tidjane Thiam sites beside Chairman Urs Rohner of Swiss bank Credit Suisse as he addresses the…

Continue reading

News

ConocoPhillips profit tops estimates on rising oil prices, cost cuts

HOUSTON (Reuters) – ConocoPhillips (COP.N), the world’s largest independent oil and gas exploration and production company, posted a bigger-than-expected first-quarter profit on Thursday, helped by rising crude prices CLc1 and cost cuts. FILE PHOTO: Logos of ConocoPhillips are seen in its booth at Gastech, the world’s biggest expo for the gas industry,…

Continue reading

News

Airbus heads for dogfight with UTC over CSeries costs

PARIS/MONTREAL (Reuters) – Airbus is preparing to cross swords with United Technologies over the price of components and services for the Bombardier CSeries in a bid to make it easier to market the jet it agreed to bail out last year, people close to the matter said. FILE PHOTO: An Airbus A320neo…

Continue reading

News

Wall Street jumps as tech roars back, yields retreat

(Reuters) – Facebook’s 9.4 percent jump after blockbuster results and gains in chipmakers powered technology stocks on Thursday, with easing U.S. bond yields helping the sentiment on Wall Street. Traders work on the floor of the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., April…

Continue reading

Business

Wall Street jumps as tech roars back, yields retreat

(Reuters) – Facebook’s 9.4 percent jump after blockbuster results and gains in chipmakers powered technology stocks on Thursday, with easing U.S. bond yields helping the sentiment on Wall Street. Traders work on the floor of the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., April…

Continue reading

News

Results soothe nerves over scandal-hit Facebook

(Reuters) – Shares of Facebook Inc rose as much as 8.5 percent on Thursday morning after another blockbuster set of quarterly results calmed stock investors’ nerves about the fallout of the Cambridge Analytica privacy scandal. Silhouettes of mobile users are seen next to a screen projection of Facebook logo in this picture…

Continue reading

News

Financial, tech stocks lead Wall Street lower as yields rise

(Reuters) – Financial and technology stocks led Wall Street lower on Wednesday as concerns about rising U.S. bond yields eclipsed gains from Boeing and Comcast following strong results. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2018. REUTERS/Brendan McDermid Shares of the…

Continue reading

News

Comcast confirms $31 billion bid for Sky, sparking battle with Fox

LONDON/NEW YORK (Reuters) – U.S. media group Comcast (CMCSA.O) submitted a 22 billion pound($30.7 billion) bid for Sky (SKYB.L) on Wednesday, prompting the European pay TV group to drop its support for a lower offer from Rupert Murdoch’s Twenty-First Century Fox (FOXA.O). Sky’s independent directors welcomed Comcast’s 12.50 pound per share bid…

Continue reading

News

Nasdaq open to cryptocurrency exchange in future, says CEO

(Reuters) – Nasdaq Inc (NDAQ.O) is open to launching a cryptocurrency exchange in the future as the regulatory environment evolves, the head of the exchange operator said on Wednesday. FILE PHOTO: The Nasdaq logo is displayed at the Nasdaq Market site in New York September 2, 2015. REUTERS/Brendan McDermid/File Photo GLOBAL BUSINESS…

Continue reading