Sprint shares fell 26 cents, or 5.4 percent, to $4.59 on the New York Stock Exchange. Under Chief Executive Marcelo Claure, the company rolled out half-priced offers, increased data allotments, a hand-delivery service of new phones, new retail stores and the industry’s most-affordable iPhone 6 leasing plan at $1 per month to lure customers. Sprint said it added 1.1 million total net customers in its second quarter.
(Reuters) – Twitter Inc has replaced its star-shaped “favorite” icon with a heart-shaped icon called “like”. “You might like a lot of things, but not everything can be your favorite,” Twitter said in a blog post on Tuesday. “We know that at times the star could be confusing, especially to newcomers.” (Reporting by Abhirup Roy in Bengaluru; Editing by Ted Kerr)
By Deborah M. Todd SAN FRANCISCO (Reuters) – In a rare public appearance, Google co-founder and Alphabet Inc CEO Larry Page explained why he was spurred to create a whole new structure for the company he created with Sergey Brin almost two decades ago. “I want to push the envelope for what’s possible for an innovative company with large resources,” he said during a Q&A session with Fortune editor Alan
By Suchitra Mohanty and Aditya Kalra NEW DELHI (Reuters) – An Indian court on Tuesday jailed a driver of U.S.-based ride-hailing company Uber [UBER.UL] for life for raping a passenger, in a case that highlighted the dangers faced by women from violent sex attackers. Driver Shiv Kumar Yadav received the maximum sentence after he was found guilty last month of the rape, kidnapping and criminal intimidation of the woman, who
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Avago Technologies is set to win unconditional approval by the European Union’s competition regulators for its proposed $37 billion takeover of Broadcom Corp , two people familiar with the matter said on Tuesday. Avago offered concessions last Friday, according to the European Commission website, without providing details. Avago serves the wireless and industrial markets while Broadcom’s chips are used widely in
A new narrative about today’s stock market is starting to take hold on Wall Street. It’s a throwback to a time when many Wall Street titans had never even dreamed of investing — the 1960s conglomerate boom.
It turns out the third quarter of 2015 may not have been so bad and the end of the year may see a larger-than-expected “Santa Claus” rally, according to one market strategist.
The mutual funds with the biggest bets on shares of Elon Musk’s Tesla Motors explain why they are still in love with the electric-car stock.
The U.S. auto industry is on track for a record year of annual sales, General Motors Co (GM.N) said on Tuesday, as the top U.S. automaker and its rivals reported October sales that far exceeded expectations. GM said the six-month rolling average for U.S. auto sales is 17.8 million vehicles on an annualized basis, which means the industry is on its way to beating the 1999 annual sales record.
Pershing Square Holdings, the publicly traded security of Bill Ackman’s activist hedge fund, extended annual losses last month to 19 percent as investments in Valeant Pharmaceuticals International Inc. …