EU News Digest Latest News & Updates
Anushree Fadnavis | Reuters Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Twitter tanked more than 7 percent Monday after disclosing that one of its support form leaked user data to IP addresses in …
Read More »U.S. airlines bristle at expansion of Qatar-backed Italian airline
Pier Marco Tacca | Getty Images A view of the Boeing 737 Max plane of Air Italy during the unveiling of Air Italy’s Boeing 737 Max at Malpensa airport on May 14, 2018 in Varese, Italy. An Italian airline is now caught in the middle of a simmering dispute over …
Read More »MSG shares rise after Chairman James Dolan hints to ESPN he’d sell Knicks for a ‘bona fide’ offer
Nathaniel S. Butler | NBAE | Getty Images Kristaps Porzingis #6 of the New York Knicks goes to the basket against the New Orleans Pelicans on January 14, 2018 at Madison Square Garden in New York. Madison Square Garden Co. shares rose on Monday after executive chairman James Dolan told …
Read More »Best Buy shares drop after Bank of America downgrades
Best Buy shares dropped Monday after Bank of America Merrill Lynch downgraded the stock to underperform (the firm’s equivalent of a sell rating), citing slowing sales of electronics, including the iPhone. The firm cited “deceleration in industry growth trends and continued caution on key product categories such as TVs, Apple …
Read More »Get defensive for 2019 as recession fears rise
Michael Nagle | Bloomberg | Getty Images A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 21, 2017. Goldman Sachs has mixed confidence about next year’s market and is warning investors to protect themselves with “high quality” stocks, as …
Read More »Nissan creates committee to improve governance after Ghosn arrest
Issei Kato | Reuters Passersby are silhouetted as a huge street monitor broadcasts news reporting ousted Nissan Motor chairman Carlos Ghosn’s indictment and re-arrest in Tokyo, Japan December 10, 2018. Nissan has formed a special committee aimed at boosting corporate governance following the arrest of former Chairman Carlos Ghosn. Ghosn …
Read More »Global stock market sell-off not an isolated event
Xinhua News Agency | Getty Images A trader works at the New York Stock Exchange in New York, the United States, Dec. 4, 2018. The latest wave of heavy selling in financial markets is a clear sign of things to come, according to a new report from the world’s oldest …
Read More »Harvard professor Roland Fryer faces reports of sexual harassment
Ramin Talaie | Corbis Historical | Getty Images Harvard University professor Roland Fryer speaks at the Clinton Global Initiative in New York on Sept. 25, 2008. A prominent Harvard University economics professor is being investigated for sexual harassment, according to a new report. Roland G. Fryer Jr., a 2011 MacArthur …
Read More »Endo International shares fall 8 percent on report of ‘shocking’ data on opioid distribution
Justin Merriman | Getty Images Republican Gubernatorial-elect Ohio Attorney General Mike DeWine gives his victory speech after winning the Ohio gubernatorial race at the Ohio Republican Party’s election night party at the Sheraton Capitol Square on November 6, 2018 in Columbus, Ohio. Opioid producer Endo International’s shares are down 8 …
Read More »Costco stock sinks 6% after more grocery rivals lead to earnings miss
Gabriel Bouys | AFP | Getty Images People shop at the low cost, high volume supermarket warehouse Costco in Marina Del Rey, California. Shares of Costco Wholesale skidded 6.8 percent Friday after the company reported weaker-than-expected earnings amid increased competition. The fresh-grocery business is getting increasingly more competitive, putting more …
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