Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
Washington, United States | AFP Tesla chief Elon Musk sold nearly $4 billion worth of shares in the electric car company, SEC filings showed Tuesday, more than a week after he closed his $44 billion acquisition of Twitter. Musk has been pushing for ways to pay for the massive deal, for which he took on billions of dollars in debt and earlier sold $15.5 billion worth of shares in Tesla. On Tuesday, documents filed with […]
WASHINGTON, United States (AFP) — Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings published Tuesday, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal. The Tesla boss sold some 7.9 million shares between August 5 and 9, according to filings published on the Securities and Exchange Commission’s website. “In the (hopefully unlikely) event that Twitter forces this deal to close and some equity partners […]
by Glenn CHAPMAN Agence France-Presse SAN FRANCISCO, United States (AFP) — Google parent Alphabet missed revenue expectations in the fourth quarter despite stellar growth at YouTube and in the cloud, earnings figures released Monday showed. Detailing its cloud computing and YouTube revenues for the first time, Alphabet reported that profits rose 19 percent from a year ago in the quarter to nearly $10.7 billion as revenues increased 17 percent to $46 billion. Alphabet and Google chief […]
Tokyo, Japan (AFP) — Tokyo shares opened higher on Friday after US markets finished at new record highs thanks to bright corporate earnings and a higher dollar that also encouraged investors. The Nikkei 225 index added 0.76 percent or 181.87 points to 24,115.00 in early trade, while the broader Topix index gained 0.49 percent or 8.45 points to 1,737.17. “The Japanese market today should show solid performance, buoyed by the strength of US shares which […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Thursday tracking falls in US shares, with investors focusing on corporate earnings reports. The benchmark Nikkei 225 index was down 0.19 percent or 39.11 points at 20,834.95 in early trade while the broader Topix index slipped 0.24 percent or 3.78 points to 1,578.35. “Following declines in US shares, selling is seen dominating trade in early hours,” Okasan Online Securities said in a commentary. Given earnings reports […]
by Ben PERRY Agence France-Presse NEW YORK, United States (AFP) — Stock markets retreated Thursday as China’s slowing economy forced Apple to slash its revenue forecast, wiping around $75 billion from the company’s value and denting global investor sentiment. Apple late on Wednesday cut its revenue outlook for the latest quarter, citing steeper-than-expected “economic deceleration” in China and emerging markets, factors that have contributed to sharp falls across stock markets since late last year. Sentiment […]
TOKYO, Japan (AFP) –Tokyo’s key Nikkei index plunged more than two percent on Friday, hit by a surge in the yen and sell-offs on Wall Street amid worries over the US economy. In its first trading session of 2019, the benchmark Nikkei 225 lost 2.26 percent or 452.81 points to close at 19,561.96 as it was catching up with other markets after the New Year’s break. The broader Topix index lost 1.53 percent or 22.93 […]
SAN FRANCISCO, United States (AFP) — Intel shares dove on Monday after Bloomberg reported that Apple intends to switch to chips of its own for Mac computers in two years. Intel shares were down more than 7.5 percent to $48.12 in late afternoon trading on the Nasdaq exchange in New York. Apple declined to comment on the report, which cited unnamed sources as saying Apple is designing its own chips for Mac computers and could […]
by Glenn Chapman with Rob Lever in Washington SAN FRANCISCO, United States (AFP) — Twitter shares were hammered Thursday after the company reported no gain in its user base in the past quarter, raising fresh fears about the future of the service as it loses more ground to Facebook. Twitter, which has been struggling to keep pace in the fast-moving world of social media, reported a net loss of $116 million in the second quarter, […]
TOKYO, Japan (AFP) 5/26/2016 -Takata shares skyrocketed in afternoon trade Thursday, following a report that US private equity firm KKR wants to take control of the embattled airbag supplier. Kohlberg Kravis Roberts (KKR) is looking to take over up to 60 percent of the company from the founding family, Japan’s leading business paper the Nikkei reported, prompting Takata’s shares to surge 21.16 percent to 458 yen at the Tokyo Stock Exchange. The rise is a […]
Facebook Inc smashed investors’ expectations with a 52-percent jump in quarterly revenue as it sold more ads targeted at a fast-growing number of mobile users, sending its shares sharply higher after hours. The world’s biggest online social network bucked the trend of underwhelming tech results from Apple Inc and eBay Inc, in the face of economic uncertainty around the world and a strong U.S. dollar depressing the value of overseas sales. Facebook’s dominance in mobile […]
Japan’s Nikkei share average tumbled 4 percent on Thursday (January 14) morning after Wall Street languished on worries about weak oil prices and a slowdown in the global economy, battering global cyclical stocks such as exporters. The Nikkei 225 stumbled 3.7 percent to 17,063.21 in mid-morning trade after hitting as low as 17,004.12, the lowest since late September of 2015. If the benchmark index falls below 16,901.49, an intraday low marked on September 29, 2015 […]
