Monday 16 July 2018

Netflix subscriber growth misses estimates; shares tumble

Netflix subscriber growth misses estimates; shares tumble

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.

Wall St. slides, tumbling oil prices weigh on energy stocks

U.S. stocks mostly edged 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.

Jetmakers see brisk start to air show as UK tries to soothe Brexit worries

Planemakers racked up more than $20 billion of deals on the opening day of the Farnborough Airshow on Monday, suggesting demand for new passenger jets remains in rude health despite worries over trade tensions and Brexit.

U.S. arms makers praise new U.S. weapons export policy

U.S. arms makers attending the Farnborough Airshow in Britain on Monday lauded the U.S. government's push to sell more weapons overseas and said they expected European defense spending to increase in the coming years.

Ford agrees to $299.1 million U.S. Takata 'economic loss' settlement

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

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.

FCC raises concerns about Sinclair-Tribune deal, shares fall

Federal Communications Commission Chairman Ajit Pai questioned Sinclair Broadcast Group Inc's proposed $3.9 billion acquisition of Tribune Media Co , in a surprise decision that could potentially scuttle the deal and sent shares of both companies tumbling.

Exclusive: Brazil to delay auction for five of six Eletrobras distributors

Brazil's government will go ahead with the auction of one of state-owned utility Eletrobras' power distributors planned for July 26, while delaying five others to Aug. 30, Planning Minister Esteves Colnago told Reuters on Monday.

Tesla shares fall 3.5 percent after CEO Musk abuses British diver

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.

Thyssenkrupp in leadership turmoil as chairman quits

The chairman of Germany's Thyssenkrupp has resigned, following the company's chief executive under pressure from activist shareholders demanding a radical restructuring of the embattled industrial conglomerate.

Britain unveils fighter jet model to rival Franco-German program

Britain unveiled a model of a sleek proposed fighter jet named Tempest on Monday, raising questions about the future of European defense cooperation, given that Germany and France launched their own fighter jet program a year ago.

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