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GoPro quarterly revenue beats on 'Hero' camera demand, shares rise

GoPro Inc beat analysts' estimates for third-quarter revenue on Thursday, boosted by demand for its new Hero camera, sending its shares up 11% in after-market trading.



5 years ago

Dropbox tops revenue, profit estimates on higher subscriber additions

Dropbox Inc beat analysts' estimates for third-quarter revenue and profit on Thursday, as the online file hosting company signed up more individual and business customers to its platform.



5 years ago

Roku shares plunge 16% after streaming device maker breaks earnings win streak

Roku posted third-quarter results that missed Wall Street's expectation after multiple quarters of blowout growth.

5 years ago

U.S. may soon issue guidance to enforce foreign investment oversight

The U.S. government is likely soon to spell out how it will enforce oversight of foreign investment in the United States, a U.S. official said on Thursday, after a law last year expanded the agency's authority to crack down on harmful Chinese investment.



5 years ago

U.S. Justice Department issues civil subpoenas to automakers in California emissions deal probe

The U.S. Justice Department has issued civil subpoenas in its antitrust investigation into four major automakers’ voluntary agreement with California to adopt compromise vehicle emissions requirements, a source briefed on the matter said on Thursday.



5 years ago

U.S. Commerce Dept finds Chinese exporters dumped ceramic tile

The U.S. Commerce Department said on Thursday it made a preliminary determination that Chinese exporters had dumped ceramic tile in the U.S. market at less than fair value.



5 years ago

Disney parks, films outperform as streaming costs stay under budget

Walt Disney Co's theme parks and a remake of "The Lion King" boosted quarterly earnings past Wall Street targets on Thursday as costs came in lower than expected for its big plunge into streaming entertainment.



5 years ago

U.S. Agriculture Department preparing second tranche of trade aid for farmers: Perdue

The U.S. Agriculture Department is preparing to roll out the second tranche of aid to compensate farmers for losses due to the U.S.-China trade war, Agriculture Secretary Sonny Perdue said on Thursday.



5 years ago

Gap CEO Peck to leave; earnings forecast cut sends shares tumbling

Gap Inc said on Thursday Chief Executive Officer Art Peck will step down and also cut its full-year earnings forecast, blaming slower traffic and operational challenges, sending the apparel maker's shares down 7%.



5 years ago

Rollback of China tariffs faces fierce opposition in White House

An agreement between the United States and China to roll back existing tariffs as part of a "phase one" trade deal faces fierce internal opposition in the White House and from outside advisers, multiple sources familiar with the talks said.



5 years ago

'Lion King' lifts Disney earnings as streaming costs stay under budget

Walt Disney Co's popular theme parks and a remake of "The Lion King" pushed earnings past Wall Street targets on Thursday, and the company spent less than it had projected on its big plunge into streaming entertainment.



5 years ago

Port of Los Angeles import and export volumes drop in October

The Port of Los Angeles, the nation's busiest for ocean trade with China, processed fewer containers of imported and exported goods in October as the U.S.-China trade war roils the domestic economy and global supply chains.



5 years ago

Democrats question FAA decisions on two Boeing safety issues

Two Democratic U.S. House lawmakers said on Thursday the Federal Aviation Administration overruled agency technical specialists on two Boeing Co safety issues involving the 737 MAX rudder cable and lightning protection for the 787 Dreamliner that it said could be "potentially catastrophic."



5 years ago

Trump nominates former Ford executive to be new U.S. energy secretary

The U.S. Department of Energy said on Thursday that President Donald Trump had formally nominated Deputy Energy Secretary Dan Brouillette, a former vice president of Ford Motor Co and Louisiana state energy regulator, to head the department.



5 years ago

China, U.S. agree tariff rollback if phase one trade deal is completed

China and the United States have agreed to roll back tariffs on each others' goods in a "phase one" trade deal if it is completed, officials from both sides said on Thursday, sparking division among some advisers to President Donald Trump.



5 years ago