Thursday 25 October 2018

Amazon projects holiday season sales below Wall St. targets

Reuters.com Newsletter

Amazon projects holiday season sales below Wall St. targets

Amazon.com Inc forecast disappointing holiday season sales on Thursday, projecting its fourth-quarter revenue growth would be the slowest in years, sending shares of the online retailer down 6 percent in after-hours trade.

Mattel reports surprise rise in N. America sales, shares jump

Mattel Inc reported a surprise rise in North American sales, allaying concerns about the effects of retailer Toys 'R' Us' liquidation on the toy industry and driving its shares up 8 percent on Thursday.

Wall St. rebounds, dollar gains as euro swoons on Draghi

U.S. stocks climbed back on Thursday after a massive sell-off the day previous, with strong earnings encouraging investors to venture into risky bets again, while the dollar gained on the euro.

Alphabet's misses Wall Street revenue estimates, shares fall

Google parent Alphabet Inc on Thursday reported slower third-quarter revenue growth than analysts had expected, with ad sales barely topping estimates and other revenue missing forecasts, sending shares down more than 4 percent after hours.

Snap adds fewer users than expected as redesign pain lingers

Snap Inc had fewer active users at the end of September than Wall Street was expecting as an unpopular redesign of its Snapchat photo-messaging app and fierce competition from Facebook's Instagram weighed.

Wall St. rebounds after upbeat earnings, bargain hunting

U.S. stocks jumped on Thursday, giving the Nasdaq its biggest daily gain since March, as Microsoft's upbeat earnings spurred a rebound in technology names and investors snapped up oversold shares.

Chipotle same-restaurant sales miss estimates, shares drop

Chipotle Mexican Grill Inc reported lower-than-expected quarterly same-restaurant sales on Thursday, as the burrito chain battles to entice diners to return back to its outlets in the face of intense competition.

U.S. dairy farmers get little help from Canada trade deal

Minnesota farmer Paul Fritsche can no longer afford health insurance as he struggles to sustain a dairy farm that has been in his family for nearly a century.

Exclusive: Chevron in talks to buy Brazilian oil company's Texas refinery - sources

Chevron Corp has held talks to acquire Pasadena Refining System Inc (PRSI), a Texas oil refining unit of Brazilian state-run oil firm Petroleo Brasileiro SA , three people familiar with the matter said this week.

Third Point sues Campbell Soup, accuses it of misleading investors

Activist investor Third Point LLC sued Campbell Soup Co on Thursday, alleging the soup and snack maker's board misled investors about the competence of its directors and the way it carried out a recently completed strategic review.

Pershing Square checks into Hilton again with new stake

Billionaire investor William Ackman has taken a stake in hotel operator Hilton Worldwide Holdings for the second time in two years after earning a 32 percent profit on his investment in 2017.

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