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Category : Business (Archive for 2017-05-04) News by Google
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Forbes
Facebook Reports Strong First Quarter; Revenue, Earnings Beat Estimates
Forbes
Facebook reported another solid first-quarter on Wednesday, with revenue that beat analysts' estimates, thanks to strong demand for the social network's mobile ads and solid user growth across its suite of apps. Revenue in the first quarter, ending ...

Washington Post
Puerto Rico faces uncertain future as debt saga unfolds
Washington Post
SAN JUAN, Puerto Rico — Uncertainty is spreading across Puerto Rico and the U.S. municipal bond market now that the U.S. territory has taken an unprecedented step into federal court to restructure a portion of its $73 billion debt. Many economists ...

Forbes
Tesla Cuts It Close With Model 3 Preparations Ahead Of Production Start In July
Forbes
Elon Musk's push to evolve Tesla from a niche electric vehicle company into a mass-production wonder is coming down to the wire, as the company sticks with its promise to start building the Model 3 for eager customers in a little over two months, even ...

Bloomberg
Fed Sticks to Gradual Rate-Hike Approach Despite Slowdown
Bloomberg
U.S. central bankers stuck to their outlook for gradual monetary-policy tightening after they left interest rates unchanged and showed no alarm over recent economic weakness. Federal Reserve officials were unusually explicit in their statement ...

Los Angeles Times
American Airlines to squeeze seats closer together on new planes
Los Angeles Times
A day after airline executives went before lawmakers to defend their customer service, American Airlines confirmed Wednesday it will shrink the distance between economy seats in some new planes — but don't accuse the carrier of cutting legroom.

CNBC
Most Asia markets lower as Fed sticks to hawkish bent, metal prices tumble
CNBC
Asian markets were mostly lower on Thursday after the U.S. Federal Reserve 'stuck to a hawkish bent overnight and as metals prices tumbled. Australia's S&P/ASX 200 shed 0.45 percent by 9:45 a.m. HK/SIN, weighed by declines in resources and bank plays.

The Verge
Tim Cook says Apple is investing $1 billion in US manufacturing
The Verge
Apple CEO Tim Cook announced today that the iPhone maker will be putting $1 billion of its roughly $256 billion cash hoard into a US advanced manufacturing fund. The news, which Cook disclosed in an interview with CNBC's Jim Cramer, indicates that ...

Washington Post
New York Times adds 308000 digital subscription in 1Q
Washington Post
NEW YORK — The New York Times added a record number of digital subscribers last quarter, exciting investors who pushed the stock to an 11 percent gain in morning trading. The Times added 308,000 digital subscribers in the first quarter — its best ...

Washington Post
Senate votes to kill rule that would help states launch retirement plans
Washington Post
Congress moved to kill an Obama-era rule that would make it easier for states to launch retirement programs for millions of workers who do not have plans through their jobs. The Senate narrowly approved, 50 to 49, a resolution to eliminate a rule that ...

DailyFX
Video: Dollar Undetonated, NFPs Far Off, Euro and Pound Rumble
DailyFX
Already a month through the second quarter with updates from the FOMC and 1Q US GDP figures, that are the DailyFX analysts' forecasts for the Dollar, Euro, Equities and more? Find out in our forecasts on the DailyFX Trading Guides page. This week's ...

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