Wednesday, 7 February 2018

Wall Street ends down after choppy session; energy, tech weigh

Wall Street ends down after choppy session; energy, tech weigh

(Reuters) - U.S. stocks closed lower in an up-and-down session on Wednesday, dragged down by tech and energy shares, as investors adjusted to a more volatile market following wild swings of the past few sessions.

Amazon's market value on verge of beating out Microsoft

SAN FRANCISCO (Reuters) - Amazon.com Inc on Wednesday was on the verge of ending the day with a stock market value higher than Microsoft Corp's for the first time, as the online shopping behemoth weathered the recent turmoil on Wall Street.

Tesla sticks by Model 3 target, posts worst ever quarterly loss

SAN FRANCISCO (Reuters) - Tesla Inc said on Wednesday it was sticking with Chief Executive Elon Musk's revised production targets for its Model 3 electric sedan, but posted its worst-ever quarterly loss, and warned that spending would increase slightly this year.

Twenty-First Century Fox tops profit estimates as cable shines

(Reuters) - Rupert Murdoch-controlled Twenty-First Century Fox Inc's quarterly profit and revenue trounced analysts' estimates on Wednesday, driven by higher sales through cable and satellite companies.

Brazilian antitrust agency approves Bayer-Monsanto tie-up

BRASILIA (Reuters) - Brazilian antitrust agency Cade on Wednesday approved Bayer AG's proposed takeover of U.S. seeds company Monsanto Co without requiring further asset sales beyond a global proposal announced last October.

Tronc to sell LA Times, other newspapers for $500 million

(Reuters) - Tronc Inc said on Wednesday it agreed to sell the Los Angeles Times, the San Diego Union-Tribune and some other newspapers to billionaire investor Patrick Soon-Shiong for $500 million cash.

Swiss Re in talks with SoftBank, Japanese firm could take minority stake

ZURICH (Reuters) - Swiss Re is in preliminary discussions with Japan's SoftBank Group on a potential minority investment in the Swiss reinsurer, the Zurich-based group said on Wednesday.

Kalanick returns to court in Waymo-Uber autonomous car secrets trial

SAN FRANCISCO (Reuters) - Uber Chief Executive Travis Kalanick's famously competitive nature was the focus of questioning on Wednesday in a trade-secrets trial in which Uber Technologies Inc [UBER.UL] is accused of stealing self-driving car designs from rival Waymo.

Wynn Resorts shares climb after Maddox moves into CEO slot

(Reuters) - Wynn Resorts Ltd shares jumped 10 percent on Wednesday, as investors approved of the casino operator's decision to give company veteran Matt Maddox the top job, replacing casino mogul Steve Wynn who resigned following sexual misconduct allegations.

Zynga beats bookings estimate as 'Words With Friends 2', 'CSR Racing 2' deliver

(Reuters) - Zynga Inc, creator of the once popular online game "FarmVille", reported fourth-quarter bookings above analysts' estimate, driven by the success of its mobile games such as "Words With Friends 2" and "CSR Racing 2".

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