Nasdaq poised to fall from record high after Apple iPhone sales disappoint
U.S. stock index futures pointed to a lower open on Wednesday, with the Nasdaq composite set to fall from a record high after mixed quarterly results from Apple. The tech giant posted better-than-expected adjusted earnings per share, but iPhone sales missed analyst expectations. Shares of Apple fell more than 1 percent in the premarket. The tech-heavy Nasdaq posted record highs on an intraday and closing basis on Tuesday before Apple released its quarterly results. Investors also awaited the F..>> view originalLawmakers warn airlines: Shape up or else
Lawmakers are threatening to take legislative action against airlines if they don’t improve their customer service policies in the wake of a passenger being violently dragged off a United Airlines flight last month.United, Alaska Airlines, American Airlines and Southwest Airlines were all in the congressional hot seat on Tuesday as members of the House Transportation and Infrastructure Committee grilled executives about their business practices during the first congressional hearing since the Un..>> view originalVW Squeezes Costs to Brace for Cash Drain From Diesel Damages
VW Squeezes Costs to Brace for Cash Drain From Diesel Damages by May 3, 2017, 2:48 AM EDT May 3, 2017, 7:03 AM EDT Volkswagen AG’s push to squeeze costs from its struggling namesake car brand provided a critical lift to earnings as the world’s biggest automaker braces for an unprecedented cash drain from the diesel-cheating crisis.First-quarter operating profit widened to 7.8 percent of revenue from 6.8 percent a year earlier, Wolfsburg, Germany-based company said Wednesday in a stat..>> view originalSanta Fe voters reject soda tax, hand rare win to industry
Voters have rejected a measure that would have raised taxes on soft drinks in New Mexico's capital city, giving a rare victory to the beverage industry after a string of recent defeats at the ballot box.The ballot initiative failed with 11,533 votes against and only 8,382 votes in favor, the Santa Fe City Clerk's Office announced Tuesday. Opponents warned it would increase the cost of a can of soda by nearly 25 cents.The vote came after similar taxes were adopted last year in cities from Philade..>> view originalTime Warner Earnings Beat Projections Thanks to 'The Lego Batman Movie,' 'Big Little Lies'
Time Warner’s quarterly earnings beat Wall Street estimates on Wednesday, propelled by film hits, a water-cooler winner in the HBO drama “Big Little Lies, and stronger interest in the NCAA Basketball games it aired. Revenues climbed 6% to $7.74 billion, while adjusted earnings per share topped out at $1.66, up from $1.49 in the year-ago period. Adjusted operating income for the three month period ending in March rose 7% to $2.2 billion. Analysts had projected that the media company would post e..>> view originalEtsy posts loss, ousts CEO, announces layoffs
Etsy Inc. is replacing its chief executive and cutting about 8% of its workforce after the online marketplace reported a first-quarter loss and what it described as "a challenging February." The Brooklyn, N.Y., company said that board member Josh Silverman would become CEO on Wednesday, replacing Chad Dickerson, who has led the company for the past six years. He will serve as an adviser until the end of the month, Etsy said. Mr. Dickerson is also stepping down as chairman of the board, to be re..>> view originalAmerican Airlines is cutting more legroom in economy class
Just when you thought your legroom in economy class couldn't get tighter. American Airlines (AAL) is planning to decrease the front-to-back space between some of its economy class seats by another two inches. The airline says it plans to add more seats on its coming Boeing (BA) 737 Max jetliners. To do that, it will shrink the distance between seats, also known as pitch, from 31 inches to 29 inches on three rows of the airplane, and down to 30-inches in the rest of its main economy cabin...>> view originalTwilio stock plummets as major client Uber distances itself
A good report on revenue wasn’t enough to keep Twilio stock from taking a dive in after-hours trading. What at first glance appeared to be a positive story very quickly divulged into a financial nightmare. Shares in the cloud communications company have fallen 30 percent in after-hours trading, attributable to lower than anticipated guidance. On the earnings call, CEO Jeff Lawson addressed the unexpected guidance by explaining that Uber, one of Twilio’s largest customers, will be reducing its..>> view originalMolina Healthcare fires its CEO and CFO, sons of the company's founder
In a surprise shake-up Tuesday, Molina Healthcare Inc. — a major player in Obamacare health insurance markets — ousted its two top executives, both sons of the firm’s founder. The company cited poor financial results.The growing, Long Beach-based health insurer has nearly 5 million customers in 12 states and Puerto Rico, most of them insured through Medicaid, the government program for the poor. In California, Molina currently insures 765,000 people and operates its own clinics around the state..>> view originalTurbulence before take-off as plane rage in Japan caught on video
TOKYO An American has been detained in Tokyo for allegedly assaulting an airline employee after a fight on a plane bound for Los Angeles, police said on Wednesday, in the latest bout of plane rage to go viral on social media.All Nippon Airways Flight 6 was waiting to take off from Narita airport on Monday when the fight broke out, media said. An airport police officer, who declined to be identified, said the suspect, an American in his 40s, was being held on suspicion of injuring an ANA emplo..>> view original
Sunday, June 25, 2017
Nasdaq poised to fall from record high after Apple iPhone sales disappoint and other top stories.
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