Europe Hits Google with Record $5 Billion Antitrust Fine, Appeal Ahead
European antitrust regulators fined Google a record 4.34 billion euro ($5 billion) on Wednesday and ordered it to stop using its popular Android mobile operating system to block rivals, a ruling which the U.S. tech company said it would appeal.
AmEx Rewards Program Costs Cloud Strong Quarterly Results
American Express Co (AXP.N) reported a steep rise in quarterly expenses as the credit card issuer spent more to fund its rewards program, overshadowing its profit beat and sending its shares down 3.5 percent in extended trading.
FCC Votes To Refer Sinclair Tribune Merger to Administrative Judge
The U.S. Federal Communications Commission said late on Wednesday it had voted unanimously to refer Sinclair Broadcast Group Inc's (SBGI.O) $3.9 billion acquisition of Tribune Media Co (TRCO.N) to an administrative law judge, a blow to the firms' chances of winning approval.
Wall St. Climbs on Powell Comments, Earnings
Wall Street stocks rose on Tuesday, with the Dow Jones Industrial Average posting its fourth consecutive session of gains after Federal Reserve Chairman Jerome Powell expressed an optimistic U.S. economic view and solid earnings bolstered the outlook for a robust reporting period.
Fed's Powell: Years of Strong Jobs, Low Inflation Still Ahead
Federal Reserve Chairman Jerome Powell said on Tuesday he sees the United States on track for years more of steady growth, but was challenged in a congressional hearing by senators worried the Trump administration's trade policies were already damaging businesses in their districts.
Goldman Sachs Pressed On Strategy As New CEO Confirmed
Goldman Sachs Group Inc was pressed for details on new businesses after an uneven second-quarter performance, a likely preview of challenges incoming Chief Executive David Solomon will face as he leads the Wall Street bank's overhaul.
Netflix Shares Tank after Big Miss on Subscriber Growth
Netflix Inc's subscriber growth fell short of Wall Street expectations on Monday, sending shares of the normally high-flying stock down 14 percent on fears that the company's rapid expansion is slowing.
FCC Raises Concerns about Sinclair-Tribune Deal; Shares Skid
Federal Communications Commission Chairman Ajit Pai said on Monday he had "serious concerns" about Sinclair Broadcast Group Inc's (SBGI.O) proposed $3.9 billion acquisition of Tribune Media Co (TRCO.N), a surprise move which could potentially scuttle the deal and sent shares of both companies tumbling.
S&P 500 Dips as Energy Shares Fall; Netflix Tumbles Late After Results
The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America's results reinforced expectations of a strong U.S. earnings season.
Airasia Mulls Dual Airbus Jet Order But How Much Will It Pay?
(Reuters) - AirAsia (AIRA.KL) is discussing the possible purchase of another 100 Airbus A321neo jets as the company's chief executive officer, Malaysian entrepreneur Tony Fernandes, and Airbus go down to the wire in parallel negotiations for an expanded order for larger A330neo jets, industry sources said.