Thursday, 3 May 2018

Investors look to Apple's cash, services as iPhone sales seen stalling

Investors look to Apple's cash, services as iPhone sales seen stalling

Apple's multi-hundred billion cash stockpile and stalling growth in services such as iCloud present an opportunity and a concern that some investors hope will be addressed in the company's quarterly earnings report on Tuesday.

Ex-Volkswagen CEO Winterkorn charged in U.S. over diesel scandal

WASHINGTON (Reuters) - Federal prosecutors in Detroit on Thursday unsealed charges against former Volkswagen AG Chief Executive Martin Winterkorn, accusing him of conspiring to mislead regulators about the German automaker's diesel emissions cheating.

Twitter urges users to change passwords after computer glitch

(Reuters) - Twitter Inc urged its more than 330 million users to change their passwords after a glitch caused some of them to be stored in plain text on its internal computer system.

Hedge fund heaps criticism on Tesla after Musk's conference call

NEW YORK (Reuters) - A small hedge fund manager who has long been betting against Tesla Inc on Thursday redoubled his call for the stock to fall to zero, comments that came as investors were already hammering the electric car maker.

S&P drops as weak earnings offset strong economic data

NEW YORK (Reuters) - The S&P 500 ended lower on Thursday after a choppy session as disappointing earnings reports from several companies offset strong economic data.

Musk's conduct, Tesla stock slide make $700 million profit for short-sellers

NEW YORK (Reuters) - Short-sellers who had targeted Tesla Inc logged a $700 million paper profit on Thursday after the stock fell nearly 9 percent a day after Chief Executive Elon Musk stunned analysts by dodging "boring" questions about the electric car maker's financial outlook.

Investors not convinced by AIG strategy; shares drop 6 percent

(Reuters) - American International Group Inc executives on Thursday defended their strategy for transforming the company, saying some key improvements would take hold by year-end, but failed to convince investors as shares slid more than 6 percent.

Last-minute Weinstein Co bidder returns with higher offer

WILMINGTON, Del. (Reuters) - Broadway producer Howard Kagan said he has raised his last-minute bid for the Weinstein Company in another push to acquire the TV and film producer, which filed for bankruptcy in the wake of harassment claims against co-founder Harvey Weinstein.

Trump praises China's Xi as trade talks begin in Beijing

BEIJING (Reuters) - U.S. President Donald Trump on Thursday praised his relationship with Chinese President Xi Jinping as officials from the world's two largest economies began trade talks in Beijing, while state media said China would stand up to U.S. bullying.

Sprouts ended Amazon Prime Now delivery partnership on May 1

LOS ANGELES (Reuters) - Sprouts Farmers Market Inc said on Thursday it ended its Prime Now delivery partnership with Amazon.com on May 1 and cut its full-year sales targets, sending shares of the U.S. supermarket chain down almost 12 percent.

Canadian coffee chain Tim Hortons' U.S. franchisees to sue parent

TORONTO (Reuters) - A group of Canadian coffee chain Tim Horton's U.S. franchisees said on Thursday it is suing parent company Restaurant Brands International , escalating growing tensions between the company and owners of its U.S. and Canadian coffee shops.

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