It was the lunch-hour rush at the Court Square Diner in New York’s Long Island City on Wednesday, and co-owner Nick Kanellos pointed to the elevated subway tracks that rattle overhead as he fretted over the news that Amazon may build a major outpost in the neighborhood.
UBS , Switzerland’s largest bank, said it expects to be sued by the U.S. Department of Justice as early as Thursday on civil charges related to the sale of mortgage-backed securities in the run-up to the 2008-09 financial crisis, according to a company statement.
Asian stocks rose on Thursday as investors, relieved to have moved past the U.S. midterm elections without any major political surprises, drove a Wall Street rally, while the dollar clawed back some of its earlier losses.
Roku Inc forecast a surprise holiday-quarter loss and missed third-quarter revenue estimates for its high margin video streaming platform, sending its shares down nearly 13 percent in after-market trading on Wednesday.
Comcast Corp is planning to launch a product that will allow its broadband subscribers to aggregate some video streaming applications, including Netflix, Amazon Prime and YouTube, according to a source familiar with the matter.
L’Oreal is rolling out organic skincare treatments at its Garnier brand as it looks to lift sales in its sluggish mass market unit, tapping a growing demand for more naturally-sourced products that is upending industries from cosmetics to food.
Automakers need standards for key equipment, a wide-reaching 5G broadband network and strong partnerships to make self-driving cars and electric vehicles a success, top European car industry executives said on Wednesday.
Days before the numbers are due to be announced, Boeing Co warned that October aircraft deliveries to airlines would be lower than normal as the world’s largest planemaker continues to be dogged by supplier delays on engines and other components.
Roku Inc missed third-quarter estimates for its high margin video streaming platform and forecast a net loss for the holiday quarter, sending its shares down 10 percent in extended trading on Wednesday.
Wall Street rose 2 percent on Wednesday, led by the technology and healthcare sectors as investors breathed a sigh of relief following the U.S. midterm elections and made bets that a divided Congress would be good news for equities.
Shares of cannabis companies rose on Wednesday as results from the previous day’s U.S. elections pointed to more favorable political conditions for the cannabis industry.
Qualcomm Inc forecast current-quarter revenue below analysts’ estimates on Wednesday as it took a hit from the loss of chip sales to Apple Inc , sending its shares down 2.5 percent.
Investors hope the split between Republicans and Democrats controlling the U.S. Congress will open up opportunities to pick new winners and losers because some government policies will be harder to predict.
Qualcomm Inc beat analysts’ expectations for fourth-quarter revenue and profit on Wednesday, helped by demand from Chinese smartphone makers targeting emerging markets and a newer licensing model for its wireless technology that has soothed relations with some big customers.
NEW YORK (LPC) – Elon Musk’s rocket and spacecraft company SpaceX on Wednesday circulated pricing on a proposed $750 million term loan that will put cash on the company’s balance sheet, two sources said.
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