Thursday, 9 August 2018

Dropbox signs up more paying users than expected

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Dropbox signs up more paying users than expected

Online file storage firm Dropbox Inc signed up more paying subscribers in its second quarter as a public company than Wall Street was expecting.

U.S. sanctions slam Russian ruble, Turkey's lira tumbles

New U.S. sanctions against Moscow drove down Russia's ruble, while worries that Turkey was sliding into a full-blown economic crisis battered the lira on Thursday, but global equity markets largely shrugged off the turmoil to edge higher.

S&P 500, Dow end lower with drag from energy stocks

The S&P 500 and Dow ended down slightly on Thursday as gains in Apple and Amazon were offset by losses in energy shares.

Viacom shares gain as 'Mission Impossible' powers Paramount

Viacom Inc's quarterly profit beat analysts' estimates and the media company forecast a strong current quarter, boosted by the success of its movie "Mission: Impossible - Fallout".

Tesla shares fall 5 percent on Wall St. skepticism, SEC probe reports

Tesla Inc's shares slipped more than 5 percent to a two-day low on Thursday, wiping out all the gains fueled by Chief Executive Elon Musk's recent tweet announcing a plan to take the company private.

Goldman Sachs sued by ex-managing director who said he was whistleblower

Goldman Sachs Group Inc was sued on Thursday by a former managing director who said the Wall Street bank retaliated against him and fired him after he complained about its dealings with an unidentified, "notorious European businessman."

Rite Aid and Albertsons terminate merger amid opposition to deal

Drug store chain Rite Aid Corp and U.S. grocer Albertsons Companies Inc agreed to terminate their merger agreement, the companies said on Wednesday, a little over 10 days after a shareholder advisory firm opposed the deal.

Exclusive: Donerail Group in talks to buy Chicago Tribune owner Tronc - sources

Donerail Group, an investment firm led by former activist hedge fund Starboard Value LP executive Will Wyatt, is in talks to acquire Tronc Inc , the publisher of Chicago Tribune, people familiar with the matter said on Thursday.

Thyssenkrupp CEO sees job cuts as part of overhaul: FAZ

Germany's embattled industrial group Thyssenkrupp expects job cuts as part of an overhaul of its operations, daily Frankfurter Allgemeine Zeitung (FAZ) reported, citing an interview with the top executive.

Samsung unveils gaming-friendly Galaxy Note 9 to boost sales

Samsung Electronics Co Ltd launched the Galaxy Note 9 "phablet" in New York on Thursday, promising better battery life and quick cooling to attract gamers and revive flagging sales.

Glenview backs Cigna-Express Scripts deal after Icahn criticism

Hedge fund Glenview Capital Management on Thursday backed health insurer Cigna Corp's deal to buy pharmacy benefit manager Express Scripts in the face of stiff opposition from activist investor Carl Icahn ahead of a shareholder vote.

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