NEW YORK (Reuters) – For some millennial investors, loyalty to one of their favorite apps matters more than financial details in the case of Snap Inc.
(Reuters) – Bank shares have been the runaway winners of the post-election U.S. stock market boom as investors wagered that higher interest rates, lighter regulation, lower taxes and faster economic growth would boost profits for lenders.
DETROIT/WASHINGTON (Reuters) – Volkswagen AG pleaded guilty on Friday to fraud, obstruction of justice and falsifying statements as part of a $4.3 billion settlement reached with the U.S. Justice Department in January over the automaker’s diesel emissions scandal.
LOS ANGELES (Reuters) – Starbucks Corp on Friday said its business has not been hurt by a social media boycott campaign started in response to the chain’s promise to hire 10,000 refugees globally over the next five years.
SYDNEY (Reuters) – Tesla Inc boss Elon Musk spoke with the premier of South Australia on Saturday after the tech entrepreneur offered to install $25 million of battery storage within 100 days to prevent recurring blackouts that have disrupted the state.
LONDON (Reuters) – HSBC Holdings Plc is lining up Mark Tucker, currently chief executive of insurer AIA Group Ltd, to be the next chairman of Europe’s biggest bank, sources with direct knowledge of the matter said on Sunday.
(Reuters) – U.S. used-auto retailer Carvana LLC, which allows customers to pick up cars they buy on the internet from vending machine-like towers, has tapped investment banks for an initial public offering, according to people familiar with the matter.
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Friday denied a request to list what would have been the first U.S. exchange-traded fund built to track bitcoin, the digital currency.
(Reuters) – Caterpillar Inc said on Friday it was compliant with tax laws, a week after federal law enforcement officials raided three of the company’s buildings in connection with a probe into the heavy machinery manufacturer’s offshore tax practices.
(Reuters) – Eldridge Industries, the U.S. owner of Dick Clark Productions Inc, said on Friday that one of its affiliates terminated an agreement to sell off the TV production company to Chinese conglomerate Dalian Wanda Group.
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