Reuters Business Today: May 10, 2017

Click to View in Browser Wednesday, May 10, 2017 Snap user growth slows, revenue misses in first report after IPO (Reuters) - Snap Inc , the parent of popular disappearing-messaging app Snapchat, reported quarterly revenue that missed analysts' estimates and slowing user growth in its first results after its red-hot IPO, amid stiff competition from Facebook Inc . Wall Street mixed after Trump fires FBI head; Nasdaq hits record high (Reuters) - U.S. stocks were mixed on Wednesday as investors digested President Donald Trump's abrupt dismissal of his FBI chief as well as corporate earnings from Walt Disney and Nvidia. Twenty-First Century Fox revenue misses as film unit drags (Reuters) - Twenty-First Century Fox Inc , the television and film company controlled by Rupert Murdoch, reported quarterly revenue that missed analysts' estimates, largely weighed down by its filmed entertainment division. Sears CEO Lampert blames company's woes on 'irresponsible' media HOFFMAN ESTATES, Ill. (Reuters) - Sears Holdings Corp Chief Executive Officer Edward Lampert blasted the media on Wednesday for "unfairly singling out" the company over the past decade and blamed "irresponsible" coverage for the retailer's woes. Ackman has a winner that is up 30 percent but will not name names BOSTON (Reuters) - Billionaire investor William Ackman is making money on one of his new investment ideas, but he declined on Wednesday to identify the portfolio company, which has gained 30 percent since he first bought it. Whole Foods names new CFO, directors (Reuters) - Whole Foods Market Inc on Wednesday said it appointed Kohl's Corp executive Keith Manbeck as its chief financial officer, effective May 17 and named five new independent directors to its board. U.S. government posts $182 billion surplus in April WASHINGTON (Reuters) - The U.S. government had a $182 billion budget surplus in April, confounding market expectations for a deficit, according to Treasury Department data released on Wednesday. DoubleLine's Gundlach: European, EM equities more attractive than U.S. NEW YORK (Reuters) - European and emerging markets equities are more attractive than U.S. equities, and volatility in stock markets is "insanely low," influential investor and head of DoubleLine Capital Jeffrey Gundlach told Reuters on Wednesday. Fed's Kashkari: Keep Dodd-Frank regulations in place for big banks WASHINGTON (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari said on Wednesday that there should not be any relaxation of regulations that have tightened oversight of Wall Street. Whole Foods in board shake-up amid investor pressure: source NEW YORK (Reuters) - More than half of the directors on Whole Foods Market Inc's board will step down, a person familiar with the matter said on Wednesday, in a dramatic shake-up at the grocery chain as it grapples with a sagging stock price and frustrated investors. Related Video Abercrombie fields takeover interest Breakingviews: FBI's least wanted Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook