Dorsey's Square posts jump in revenue, raises full-year forecast
Square Inc (SQ.N), the mobile payments company co-founded and run by Twitter Inc (TWTR.N) Chief Executive Jack Dorsey, reported a higher-than-expected jump in quarterly revenue as it processed more transactions.The company also raised its full-year revenue forecast, sending its shares up as much as 6.8 percent in after-hours trading on Tuesday.Square said the total value of payments it processed in the third quarter jumped 39 percent to $13.2 billion as it continued to attract larger merchants..>> view originalHow 3D Printing and IBM Watson Could Replace Doctors
Can a supercomputer with artificial intelligence take better care of you than your doctor can? Health care executives from IBM Watson and athenahealth athn debated that question onstage at Fortune’s inaugural Brainstorm Health conference Tuesday. In addition to partnering with Celgene celg to better track negative drug side effects, IBM ibm is applying its cognitive computing AI technology to recommend cancer treatment in rural areas in the U.S., India, and China, where the..>> view originalStocks, dollar roiled by tightening US election race
TOKYO Asian shares tumbled to seven-week lows and the dollar lost ground against the yen and the euro on Wednesday as investors were rattled by signs the U.S. presidential election race was tightening just days out to the Nov. 8 vote. Markets were beginning to rethink their long-held bets of a victory for Democratic candidate Hillary Clinton amid signs her Republican rival Donald Trump could be closing the gap, forcing money out of riskier assets and into safe-havens such as the Swiss fra..>> view originalValeant in talks to sell Salix stomach-drug unit in $10 billion deal
Canada's Valeant Pharmaceuticals International Inc (VRX.TO) said on Tuesday it is in talks with third parties to sell its Salix stomach-drug business and other assets.The drugmaker did not name the potential buyers it was talking with but people familiar with the matter told Reuters Japan's Takeda Pharmaceutical Co Ltd (4502.T) was interested in Salix.The deal could raise as much as $10 billion for the indebted drugmaker, the people said, asking not to be identified because the discussions are..>> view originalChina hopes Germany's probes into Chinese acquisitions 'an exception'
China hopes Germany's probes into Chinese acquisitions 'an exception' 1 Hour AgoReuters>> view originalWells Fargo still dominates mortgage loan market; nonbank lenders move up
Wells Fargo Bank NA retained its top spot as the largest mortgage loan originator in… more Feverpitched Wells Fargo Bank NA retained its top spot as the largest mortgage loan originator in 2015, while JPMorgan Chase Bank NA regained the No. 2 position, driven by refinancing activity. A report from S&P Global Market Intelligence shows that Wells Fargo, the largest bank operating in the Austin region with $7.6 billion in local deposits, had..>> view originalAirlines expect more Thanksgiving travelers
Travelers walk to their gates at O'Hare International Airport on Nov. 29, 2015, in Chicago.(Photo: Nam Y. Huh, AP)WASHINGTON – Remember the long lines and crowded planes last Thanksgiving as holiday travel surged? Well, airlines now think they’ve got your number.Anticipating a 2.5% increase in the legions of people who are traveling to visit family on the long holiday weekend, airlines have boosted the number of flights and size of planes for an average 74,000 seats each day during the holiday t..>> view originalUS Dollar and Mexican Peso Fall on Election Uncertainty
The dollar and Mexican peso tumbled Tuesday as new polls indicate an increasingly uncertain outcome for the U.S. presidential race. The WSJ Dollar Index, which measures the U.S. currency against 16 others, was recently down 0.4% to 88.21. The Mexican peso was down nearly 2% to 19.19 pesos per dollar. Foreign-exchange markets have been relatively calm about the U.S. election, with many investors betting on a victory for...>> view originalPut away the pumpkins, Black Friday deals are here
Workers began clearing off Halloween-themed goods and replacing them with Christmas items in the early morning hours of Nov. 1, 2015 at a downtown Walgreens store in San Francisco.(Photo: Craig Kliger for USA TODAY)SAN FRANCISCO — The wax had barely had time to cool in the jack o’ lanterns when announcements about the first online holiday deals hit.Forget waiting until the turkey’s in the oven, Christmas creep has begun in earnest. Amazon posted the first of its holiday deals at midnight in Seat..>> view originalFed May Nod to December Hike in 2015 Rerun: Decision-Day Guide
The Federal Reserve is widely expected to leave interest rates unchanged when it concludes its two-day meeting on Wednesday, though it may well signal an increase is likely when officials meet next in December.The rate-setting Federal Open Market Committee will issue a statement at 2 p.m. in Washington to explain its decision. There is no scheduled press conference with Fed Chair Janet Yellen afterward, and there will be no update to policy makers’ economic projections. Here’s what to watch for..>> view original
Saturday, December 10, 2016
Dorsey's Square posts jump in revenue, raises full-year forecast and other top stories.
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