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U.S. inflation muted, economic outlook strengthening

April 30, 2019 by  
Filed under News

U.S. labor costs increased steadily in the first quarter as a jump in transportation and manufacturing wages was offset by small gains elsewhere, pointing to moderate inflation pressures even as the labor market tightens.


Source: Reuters Business News

Facebook overhauls messaging as it pivots to privacy

April 30, 2019 by  
Filed under News

Facebook Inc debuted an overhaul of its core social network on Tuesday, taking its first concrete steps to refashion itself into a private messaging and e-commerce company as it tries to move past a stream of scandals while tapping into new revenue sources.


Source: Reuters Business News

Equities dip on China data, Alphabet results; euro strengthens

April 30, 2019 by  
Filed under News

Global equity markets edged lower on Tuesday, weighed by weak Chinese business surveys and a tumble in shares of Google parent Alphabet, while the euro strengthened on the heels of data that showed euro zone growth topped expectations.


Source: Reuters Business News

Facebook redesigns app, rolls out dating service to 14 more countries

April 30, 2019 by  
Filed under News

Facebook Inc on Tuesday unveiled a redesigned app and rolled out its dating feature to 14 more countries as it tries to boost user-engagement on its social network.


Source: Reuters Business News

Wall Street's record run hits snag after Alphabet tumbles

April 30, 2019 by  
Filed under News

The S&P 500 and the Nasdaq on Tuesday retreated from all-time highs hit in the previous session, after shares of Google-parent Alphabet tumbled following a revenue miss and Apple dropped ahead of its results.


Source: Reuters Business News

Boeing CEO faces tough questions as fallout from 737 MAX crashes persists

April 29, 2019 by  
Filed under News

Boeing Co CEO Dennis Muilenburg, facing tough questions after two fatal crashes of the 737 MAX plane, emerged with his job intact at an annual meeting on Monday and promised at a tense news conference to win back the public’s trust. Battling the biggest crisis of his nearly four-year tenure as chief executive officer, Muilenburg faced few questions in the shareholder meeting about the crisis, which triggered the jet’s grounding and lingering questions over its safety as we


Source: Reuters Business News

Global stocks climb as S&P 500 hits record, oil rises after selloff

April 29, 2019 by  
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A jump in U.S. consumer spending pushed U.S. shares to an intraday record on Monday and global equities edged higher, offsetting a weak euro zone sentiment survey and political uncertainty over Spain’s elections.


Source: Reuters Business News

Colombia's Avianca says bankruptcy of Avianca Brasil causing 'reputational harm'

April 29, 2019 by  
Filed under News

Colombia’s Avianca Holdings SA said on Monday it is experiencing “reputational harm” from its association with Avianca Brasil, an air carrier that licenses its name and has canceled over 1,000 flights amid a bankruptcy restructuring.


Source: Reuters Business News

Tesla says may seek new funding; shares up after SEC agreement

April 29, 2019 by  
Filed under News

Tesla Inc said on Monday it could seek alternative sources of financing, days after Chief Executive Officer Elon Musk reached a deal with U.S. securities regulators to settle a dispute over his Twitter use, removing an overhang on the stock.


Source: Reuters Business News

U.S. SEC freezes assets over suspected insider trading in Anadarko

April 29, 2019 by  
Filed under News

The U.S. Securities and Exchange Commission on Monday obtained an asset freeze in connection with suspected insider trading in Anadarko Petroleum Corp before the oil company agreed to be acquired by rival Chevron Corp.


Source: Reuters Business News

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