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Verizon beats estimates on postpaid user growth

Verizon Communications Inc beat Wall Street estimates for third-quarter profit and revenue on Friday, as the largest U.S. wireless carrier by subscribers signed up more mobile phone customers who pay a monthly bill.



4 years ago

JLR parent posts smaller loss as China demand picks up

Jaguar Land Rover owner Tata Motors posted a smaller-than-expected loss in the second quarter on Friday as a pick up in sales of its luxury car in China helped it ride out weak vehicles sales in India, its home market.



4 years ago

Here are the biggest analyst calls of the day: Uber, Dick's, Tesla & more

Here are the biggest calls on Wall Street on Friday

4 years ago

Amazon's AWS unit gets OK to build $800 million data facility in Argentina

Argentina has given the go-ahead to Amazon.com Inc's Web Services division AWS to build an $800-million data facility in Buenos Aires, which would mark a massive investment for the company in South America, according to a provincial bulletin dated Oct. 24.



4 years ago

Mexico sees U.S. Congress starting formal USMCA trade deal approval soon

Mexico's Deputy Foreign Minister for North America, Jesus Seade, said on Friday he believes U.S. lawmakers will soon begin the process of approving the new United States-Mexico-Canada (USMCA) trade deal now that President Andres Manuel Lopez Obrador has vowed wage increases and funding for labor reforms.



4 years ago

Vale CEO says not yet time to resume dividend payment, buybacks

Vale SA's chief executive said on Friday that a resumption in paying dividends or share buybacks would depend on progress in repairing the damage from its Brumadinho tailings dam collapse, which killed more than 250 people.



4 years ago

AB InBev loses $13 billion in value as beer drinking slows in Brazil and South Korea

Anheuser-Busch InBev saw more than $13 billion wiped off its market value on Friday, after a profit warning and weaker-than-expected third-quarter earnings growth sparked by reduced demand for its beer in Brazil and South Korea.



4 years ago

2020 could be the year everything changes for people with student debt

Presidential campaign proposals and recently introduced legislation aim to rewrite the rules around student loan interest, repayment and refinancing.

4 years ago

Amazon sales forecast, slower AWS growth disappoint investors

Shares of Amazon.com Inc fell nearly 6% in early trading on Friday, as investors were let down by a lower-than-expected sales outlook and surprised by slower revenue growth at its lucrative AWS cloud business.



4 years ago

U.S. FAA revokes repair station certificate of Xtra Aerospace

U.S. Federal Aviation Administration (FAA) on Friday issued an order to revoke the repair station certificate of Xtra Aerospace LLC, which repaired a sensor suspected of contributing to the crash of a Lion Air 737 MAX a year ago.



4 years ago

Global FinTech Report 2019

PwC Global | Oct 15, 2019 Crossing the lines: How fintech is propelling Financial Services and Technology, Media, and Telecommunications firms out of their lanes The lines between financial services (FS) and technology, media and telecommunications (TMT) firms have blurred to the point that the roads are a free-for-all and previously distinct sectors are colliding.

4 years ago

Wall Street slips at open as Amazon weighs

Wall Street opened marginally lower on Friday, as a dour sales forecast from Amazon overshadowed another set of strong results in what has so far been an upbeat third-quarter earnings season.



4 years ago

'Rhetoric' masks lack of progress on gender diversity in finance: UK watchdog

The number of women in senior roles at financial services firms in Britain has flatlined since 2005 despite diversity "rhetoric" from industry, according to research from the Financial Conduct Authority.



4 years ago

Factbox: 'Fly up' co-pilot urges in final moments of fatal Lion Air crash

A final Indonesian report on the fatal crash of Lion Air flight 610 published on Friday details stress and confusion in the cockpit as the Boeing 737 MAX's MCAS software, misled by faulty sensor readings, repeatedly lowered the plane's nose.



4 years ago

China to ask U.S. to remove tariffs in exchange for agricultural buys in talks Friday

Top U.S. and Chinese trade officials will discuss plans on Friday for China to buy more U.S. farm products, but in return, Beijing will request cancellation of some planned and existing U.S. tariffs on Chinese imports, people briefed on the talks told Reuters.



4 years ago