Amazon sinks as revenue misses, guidance disappoints
That's up from the comparable year-ago figures of $1 per share on $35.75 billion in sales. The online retail technology company reported fourth-quarter earnings that beat analysts' expectations on Thursday, but revenue that fell short of estimates. It also gave future guidance that was below the average estimate. Shares dropped more than 4 percent after hours. The free-spending company has invested heavily in new projects and infrastructure to meet ballooning demand as more shoppin..>> view originalUber CEO to Leave Trump Advisory Council After Criticism
On Thursday, Mr. Kalanick gave his answer, stepping down from Mr. Trump’s economic advisory council. “There are many ways we will continue to advocate for just change on immigration, but staying on the council was going to get in the way of that,” Mr. Kalanick wrote in an email to employees obtained by The New York Times. Mr. Kalanick’s exit from the advisory council underscores the tricky calculus facing many Silicon Valley corporate chieftains who try to work with the new administration. On o..>> view originalGE, Boeing, Oracle form coalition to support Republican border tax
By David Shepardson and Ginger Gibson WASHINGTON, Feb 2 (Reuters) - U.S. companies including major exporters General Electric Co and Boeing Co launched a coalition on Thursday to back a House Republican plan to tax all imports, saying the proposal would "support American jobs and American-made products." The group, comprised of more than 25 U.S. companies and dubbed the "American Made Coalition," also includes Dow Chemical Co, Eli Lilly and Co, Pfizer Inc, and Oracle Corp, the companies confir..>> view originalRPT-South Africa's private sector expands at slower pace in January
(Repeats for additional subscribers)LONDON Feb 3 JOHANNESBURG, Feb 3 (Reuters) - Activity in South Africa's private sector remained in growth territory in January but dipped from December as demand for exports sank, a survey showed on Friday.The Standard Bank Purchasing Managers' Index (PMI), compiled by Markit edged down to 51.3 from 51.6, remaining above the 50 mark dividing expansion from contraction for a fifth consecutive month."January's expansion in economic activity extended December's..>> view originalTrump to Order Review of Dodd-Frank, Halt Obama Fiduciary Rule
President Donald Trump will order a sweeping review of the Dodd-Frank Act rules enacted in response to the 2008 financial crisis, a White House official said, signing an executive action Friday designed to significantly scale back the regulatory system put in place in 2010.Trump also will halt another of former President Barack Obama’s regulations, hated by the financial industry, that requires advisers on retirement accounts to work in the best interests of their clients. Trump’s order will gi..>> view originalWho's Going to Be a Billionaire? The Biggest Winners of Snap's IPO
Photo Evan Spiegel, left, chief executive of Snap, and Bobby Murphy, senior vice president of engineering, each own 227 million shares of stock in the company, amounts estimated to be worth $3.7 billion. Credit J. Emilio Flores for The New York Times One of the more reliable paths to becoming a billionaire over the past 20 years has been to build a dominant technology company and then to take it public. That trend has led to Google billionaires, Facebook billionaires an..>> view originalHonda profit jumps on cost cuts, absence of recall expenses
In this May 16, 2016 photo, a man walks past a Honda model on display at Honda Motor Co. headquarter in Tokyo. Honda says profit jumped 36 percent October-December on year, shrugging off damage from a strong yen, and the Japanese automaker ...>> view originalNordstrom drops Ivanka Trump-branded clothing and shoes
Nordstrom will stop selling Ivanka Trump’s name-branded line of clothing and shoes, a company representative said Thursday. The change followed a weeks-long boycott campaign, organized by an anti-Trump activist group called “Grab Your Wallet.” The group demanded the department-store giant cease doing business with the president or his family. In a statement, the Nordstrom representative said that Ivanka Trump products were being dropped because of poor sales. Its statement did not mention the g..>> view original
Friday, February 3, 2017
Amazon sinks as revenue misses, guidance disappoints and other top stories.
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