Amazon Projects Spending That Concerns Investors Watching Profit
Amazon.com Inc. will spend big in the coming months on warehouses, movies, gadgets and growth into India, renewing investor concerns that Chief Executive Officer Jeff Bezos cares more about generating revenue far in the future than turning a profit now. Exclusive insights on technology around the world. Get Fully Charged, from Bloomberg Technology. The company will double-down on its delivery..>> view originalTrump to order regulatory rollback Friday for finance industry, Wall Street, top aide says
Gary Cohn, now director of the National Economic Council, arrives at Trump Tower on January 12, 2017 in New York City. (Getty Images) President Trump plans to order a rollback Friday of regulations governing the financial services industry and Wall Street under the Dodd-Frank law and beyond. Gary Cohn, White House Economic Council director, told the Wall Street Journal the administration would also move against a regulation designed to force retirement advisers to work in the best interest o..>> view originalHonda Raises Operating Profit Forecast by 21% on Weaker Yen
Honda Motor Co. raised its forecast for full-year operating profit for a second time this fiscal year, citing the impact of favorable foreign exchange rates after the yen weakened with the election of U.S. President Donald Trump.Operating profit will probably rise to 785 billion yen ($6.9 billion) in the fiscal year ending in March, up from 650 billion yen it forecast in October, the Tokyo-based automaker said in a statement. That compares with the 770.4 billion yen average of 19 analysts’ esti..>> view originalNordstrom drops Ivanka Trump-branded clothing and shoes
Nordstrom will stop selling Ivanka Trump’s name-branded line of clothing and shoes, a company representative said Thursday. The change followed a weeks-long boycott campaign, organized by an anti-Trump activist group called “Grab Your Wallet.” The group demanded the department-store giant cease doing business with the president or his family. In a statement, the Nordstrom representative said that Ivanka Trump products were being dropped because of poor sales. Its statement did not mention the g..>> view originalGlobal Stocks Higher After Wall Street Ends Little Changed
BEIJING รข€” Global stock markets were mostly higher Friday after Wall Street ended little changed as China and other exchanges that shut for the Lunar New Year resumed trading.KEEPING SCORE: France's CAC-40 gained 0.5 percent to 4,818.96 and London's FTSE 100 gained 0.2 percent to 7,158.19. Germany's DAX added 0.1 percent to 11,639.87. On Thursday, the FTSE 100 gained 0.7 percent and the CAC-40 rose 0.1 percent, while the DAX slipped 0.3 percent. On Wall Street, futures for the Dow Jones indus..>> view originalUK Services Growth Cools as Costs Dominate Companies' Concerns
Britain’s services sector, the driving force of the economy in recent years, cooled in January and companies saw costs surge at the fastest pace in six years.The weaker reading in IHS Markit’s monthly index was accompanied by softer growth in new business and slower hiring. It said its headline Purchasing Managers’ Index fell to 54.5 from 56.2 in December, which was a three-month low but still above the key 50 level that divides expansion from contraction. The pound fell after the data.The repo..>> view originalUber CEO to Leave Trump Advisory Council After Criticism
On Thursday, Mr. Kalanick gave his answer, stepping down from Mr. Trump’s economic advisory council. “There are many ways we will continue to advocate for just change on immigration, but staying on the council was going to get in the way of that,” Mr. Kalanick wrote in an email to employees obtained by The New York Times. Mr. Kalanick’s exit from the advisory council underscores the tricky calculus facing many Silicon Valley corporate chieftains who try to work with the new administration. On o..>> view originalSnapchat cited Brexit as a potential risk to investors in its IPO filing
Snap CEO Evan Spiegel. Kimberly White/Getty Images for Vanity Fair Snap, the parent company of Snapchat, cited Brexit as a potential risk for anyone considering buying stock in its business when it filed for a $3 billion (£2.4 billion) IPO on Thursday. The secretive company, headquartered in Venice, California, wrote in its S-1 IPO filing that it plans to base a "significant portion" of its business in the UK. It also intends to register some of its intellectual prop..>> view original
Sunday, March 5, 2017
Amazon Projects Spending That Concerns Investors Watching Profit and other top stories.
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