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Switzerland's UBS Sees 2nd-Quarter Profit Rise 14 Percent - New York Times

4 hours 9 min ago

Washington Post

Switzerland's UBS Sees 2nd-Quarter Profit Rise 14 Percent
New York Times
BERLIN — Swiss bank UBS says its earnings rose 14 percent in the second quarter as its wealth management operation performed strongly. UBS said Friday that net profit for the April-June period was up to 1.17 billion francs ($1.2 billion) from 1.03 ...
UBS CEO Sergio Ermotti says bank is suffering from low volatility despite earnings beatCNBC

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Wells Fargo Forced Unwanted Auto Insurance on Borrowers - New York Times

Thu, 07/27/2017 - 19:53

New York Times

Wells Fargo Forced Unwanted Auto Insurance on Borrowers
New York Times
A Wells Fargo branch in New York. A report found that, by charging customers for useless auto insurance, the bank caused 25,000 wrongful vehicle repossessions. Credit Sam Hodgson for The New York Times. More than 800,000 people who took out car ...
Wells Fargo reportedly forced car loan customers to buy auto insuranceCNBC
Wells Fargo board not changing quickly enough: NYC ComptrollerReuters
Wells Fargo to close auto offices under consolidation pushCharlotte Observer
Business Insider -TheStreet.com -Motley Fool -Nasdaq
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First Solar Vaults 12%: Raises Year Outlook as Prices 'Firm Up' - Barron's

Thu, 07/27/2017 - 19:10

Barron's

First Solar Vaults 12%: Raises Year Outlook as Prices 'Firm Up'
Barron's
Solar energy technology firm First Solar was halted after market close and then jumped 12% higher in late trading, as it beat Q2 expectations, and raised its year outlook for its shipments and its revenue and profit, amidst strong industry pricing in ...
First Solar (FSLR) Q2 2017 Results - Earnings Call TranscriptSeeking Alpha
First Solar shares rise 12% after company raises guidanceCNBC
First Solar shares jump 14% on big earnings beat, strong outlookMarketWatch
Zacks.com -Business Wire (press release) -Phoenix Business Journal -ValueWalk
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California regulators approve $200 million VW clean-car investment - SFGate

Thu, 07/27/2017 - 18:58

SFGate

California regulators approve $200 million VW clean-car investment
SFGate
The California Air Resources Board approved the first phase of Volkswagen's plan to invest $800 million to support zero-emission vehicle use in the state over 10 years. The money stems from a settlement last year after the company admitted to having ...
EV charging network gets $800 million spark from VWThe Mercury News
This big carmaker will spend millions to push electric vehicles in SacramentoSacramento Bee
VW and Regulators Agree on Fix for Cars in Cheating ScandalU.S. News & World Report
USA TODAY -The Detroit News -Cars.com News -Carscoops
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The Latest: Officials call Foxconn project 'Flying Eagle' - Washington Post

Thu, 07/27/2017 - 18:26

Washington Post

The Latest: Officials call Foxconn project 'Flying Eagle'
Washington Post
MILWAUKEE — The Latest on the deal for a planned $10 billion Foxconn manufacturing plant in Wisconsin (all times local):. 6:20 p.m.. Gov. Scott Walker and Foxconn CEO Terry Gou watched the white wings of Milwaukee's art museum open over them to ...
Rust Belt Wisconsin looks to fill high-skill jobs at Foxconn's first US plantChicago Tribune
Wisconsin and Foxconn Sign $3 Billion Assistance AgreementBloomberg
Trump to the Rust Belt: Move Somewhere ElseCityLab
Reuters -PolitiFact -OregonLive.com -Madison.com
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Intel lifts forecasts as driverless tech, AI add to PC gains - Reuters

Thu, 07/27/2017 - 17:58

Reuters

Intel lifts forecasts as driverless tech, AI add to PC gains
Reuters
(Reuters) - Chipmaker Intel Corp raised its full-year revenue and profit forecasts on higher expectations for its mainstay personal computer business and growth in newer areas such as artificial intelligence and autonomous driving. Shares of the world ...
Intel Corp. Beat Its Own Estimates This TimeMotley Fool
PC Sales Raise Intel's Q2EE Times
Intel earnings have message for AMD and Nvidia: 'Bring it on'MarketWatch
Zacks Investment Research
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Senators demand House conference promise before voting on 'skinny' Obamacare repeal - ForexTV.com

Thu, 07/27/2017 - 16:52

Senators demand House conference promise before voting on 'skinny' Obamacare repeal
ForexTV.com
Republican senators including John McCain and Lindsey Graham said Thursday they want assurances from the House that there will be a conference before voting for a so-called “skinny” bill to repeal Obamacare. The Senate is debating passing such a bill, ...

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Amazon shares fall after big earnings miss - CNBC

Thu, 07/27/2017 - 16:37

CNBC

Amazon shares fall after big earnings miss
CNBC
Amazon reported a beat on revenue but a huge miss on earnings, driving the stock down roughly 3% in after hours trading. Its revenue came in at $37.96 billion, beating street estimates of $37.18 billion. But its EPS was only 40 cents per share, missing ...
Amazon Fresh isn't going away, even after Amazon buys Whole Foods for $14 billionBusiness Insider
Full transcript: Recode Senior Commerce Editor Jason Del Rey on Too Embarrassed to AskRecode
Amazon Reminds Investors That Dominating E-Commerce Has a PriceBloomberg
Quartz -Entrepreneur -MarketWatch -CoStar Group
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Twitter reports $116-million loss and flat user growth; its stock drops 14% - Los Angeles Times

Thu, 07/27/2017 - 15:20

Los Angeles Times

Twitter reports $116-million loss and flat user growth; its stock drops 14%
Los Angeles Times
Twitter Inc. lost $116.5 million last quarter and failed to grow its monthly user base from the prior quarter, the company said Thursday. Its stock price dropped after the announcement, closing down 14% at $16.84. On a per-share basis, the San ...
Twitter (TWTR) Q2 2017 Results - Earnings Call TranscriptSeeking Alpha
Twitter Announces Second Quarter 2017 ResultsPR Newswire (press release)
Twitter Reports 2Q Loss, User Base Unchanged From 1QU.S. News & World Report
TheStreet.com -Motley Fool -Barron's -Nasdaq
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Amazon's sales grow 25 percent, but earnings miss expectations - Seattle Times

Thu, 07/27/2017 - 15:20

Seattle Times

Amazon's sales grow 25 percent, but earnings miss expectations
Seattle Times
Amazon's second-quarter sales rose 25 percent, and the company expects third-quarter revenue to rise between 20 percent and 28 percent. (Reed Saxon/AP). Amazon.com's second-quarter revenue surpassed Wall Street expectations, but its earnings fell ...
Facebook's Stock Has Another 25% Upside Despite Some Problems Ahead, Analyst SaysBenzinga
Amazon India to expand grocery offering to more cities in coming monthsLivemint

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Intel shares rise then settle after earnings beat estimates - CNBC

Thu, 07/27/2017 - 15:05

CNBC

Intel shares rise then settle after earnings beat estimates
CNBC
Intel stock jumped as high as 4 percent in after-hours trading on Thursday after it reported better-than-expected earnings for the second quarter, but then the share price fell back to nearly flat. EPS: Excluding certain items, EPS of 72 cents vs. 68 ...
Intel: It's in the chips as results top forecastsThe Mercury News
Intel's quarterly beat, raised forecasts send shares higherReuters
Intel Bucks PC Industry's Decline With Upbeat Sales ForecastsBloomberg
Fox Business -TheStreet.com -CRN -ZDNet
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Amazon shares fall after big earnings miss - CNBC

Thu, 07/27/2017 - 15:02

CNBC

Amazon shares fall after big earnings miss
CNBC
Amazon reported a beat on revenue but a huge miss on earnings, driving the stock down roughly 2% in after hours trading. Its revenue came in at $38 billion, beating street estimates of $37.18 billion. But its EPS was only 40 cents per share, missing ...
Amazon misses big on quarterly profits even as sales jump 25% to $38BGeekWire
Amazon's stock falters after missing profit target by $1 a shareVentureBeat
Amazon Shares Drop After Earnings Badly Miss ExpectationsTheStreet.com
Deadline -ZDNet -Seeking Alpha -Recode
all 143 news articles »

Speaker Ryan admits defeat, giving up on border adjustment tax - Washington Post

Thu, 07/27/2017 - 14:41

Washington Post

Speaker Ryan admits defeat, giving up on border adjustment tax
Washington Post
House Speaker Paul D. Ryan (R-Wis.) has agreed to jettison one of the most controversial aspects of his tax overhaul plan, clearing the way for the White House to move forward on its plans for sweeping tax cuts later this year. After months of talks ...
Trump and Congress Reach Deal on Principles of Tax OverhaulNew York Times
Ryan Gives Up on Border-Adjusted Tax on Imports After AttackBloomberg
Import tax officially abandoned in Big 6 tax reform talksPolitico
CNBC -Roll Call -Minneapolis Star Tribune -Vox
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Why Elon Musk Is Wrong About AI - Fortune

Thu, 07/27/2017 - 12:58

Fortune

Why Elon Musk Is Wrong About AI
Fortune
There's a growing debate about the impact that artificial intelligence will have on the future, with two tech luminaries themselves—Tesla (tsla) CEO Elon Musk and Facebook (fb) CEO Mark Zuckerberg—as figureheads representing glass-half-empty vs. half ...
Mark Zuckerberg and Elon Musk Are Both Wrong About AISlate Magazine
SpaceX's new funding makes it the fourth most valuable private tech company in the USThe Verge
SpaceX Now Valued at $21 BillionFOX40
The Weekly Standard -The Australian -Money Morning -Teslarati
all 32 news articles »

ADP shares spike on report that hedge fund manager Bill Ackman is building a stake - CNBC

Thu, 07/27/2017 - 12:19

CNBC

ADP shares spike on report that hedge fund manager Bill Ackman is building a stake
CNBC
Billionaire investor Bill Ackman's Pershing Square Capital Management is said to be building a stake in Automatic Data Processing, Bloomberg reported, citing sources. Shares of ADP spiked on the news. Pershing has already acquired shares in the ...
ADP stock jumps 10% in midday trade on reports of Ackman stakeMarketWatch
ADP Misses on Q4 Earnings, '18 New Bookings View PositiveNasdaq
ADP Stock Jumps on Report Bill Ackman Is Building StakeTheStreet.com
Business Insider -Yahoo Finance -StreetInsider.com -Markets Daily
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Delta Air, Air France, Virgin Atlantic, China Eastern Ink Billion-Dollar Deal - TheStreet.com

Thu, 07/27/2017 - 11:41

TheStreet.com

Delta Air, Air France, Virgin Atlantic, China Eastern Ink Billion-Dollar Deal
TheStreet.com
The intermingling deal will create a mutual joint venture connecting all trans-Atlantic mega hubs. Delta Air Lines (DAL) and China Eastern Airlines (CEA) each purchased 10% of Air France KLM (AFLYY) as Air France agreed to purchase the Virgin Group's ...
Air France Says Delta, China Eastern Each Acquiring 10% of Its SharesWall Street Journal (subscription)

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Subway-Station Naming Rights May Be Sold in NYC to Pay for Fixes - Bloomberg

Thu, 07/27/2017 - 11:40

Bloomberg

Subway-Station Naming Rights May Be Sold in NYC to Pay for Fixes
Bloomberg
New York's deteriorating subway stations may be getting makeovers sponsored by companies that would pay hundreds of thousands of dollars for the opportunity to promote their brands at stops along the 700-mile system. For $600,000, a donor may ...
Cuomo will let companies name subway stops — for a priceNew York Post
Cuomo, de Blasio Spar Over Who Should Fund MTA Subway PlanObserver
MTA subway stations could be renamed after companies who fund improvements, Cuomo saysamNY
Patch.com -Curbed NY -NY1 -New York Daily News
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New York Times stock is up more than 70 percent since the election and just hit a nine-year high - CNBC

Thu, 07/27/2017 - 11:10

CNBC

New York Times stock is up more than 70 percent since the election and just hit a nine-year high
CNBC
Since the election, the stock has jumped more than 70 percent on the back of an increase in digital subscribers as well as higher digital advertising revenue. For the second quarter, the company reported 93,000 net digital-only subscribers, a 46 ...
New York Times Reports Strong Quarter on Digital Revenue GrowthNew York Times
Digital subscriptions are soaring at the New York TimesBusiness Insider
Report: The “Failing” New York Times is more profitable, popular since Trump's electionSalon
MarketWatch -Newsmax -Financial Times -Times of India
all 62 news articles »

Porsche to Recall Cars With 'Irregular' Engine Software - New York Times

Thu, 07/27/2017 - 10:31

ABC News

Porsche to Recall Cars With 'Irregular' Engine Software
New York Times
FRANKFURT — Porsche, the sportscar brand owned by Volkswagen on Thursday said it would recall cars equipped with "irregular" engine management software. Porsche said it had discovered the software during an internal investigation, and that it had ...
Porsche ordered to recall 30000 cars over emissions cheatingThe Independent

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