Twitter Revenue Slides for First Time
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Twitter said nine million new monthly-active users joined its network in the first quarter but revenue fell for the first time since the company went public, raising questions about how it is going to hit its goal of becoming profitable this year.
Former Fox TV Chief Leads Race to Run Sony Film, TV Unit
Sony is narrowing its focus on former Fox television chief Tony Vinciquerra as the next head of its film and television studio, people with knowledge of the talks said.
From Diapers to Soda, Big Brands Feel Pinch as Consumers Pull Back
Slowed spending cut into results for Procter & Gamble, PepsiCo and Nestlé, and executives blame a range of factors including higher gas prices, bad weather and a growing affinity for beards.
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Anthem Says ACA Payment Loss Could Cause 20% Premium Hike
Anthem Inc. said the loss of key federal payments that support Affordable Care Act plans could push premiums up 20% or more and lead it to pull back from the business.
U.S. Steel Posts Surprise Loss, Plans Mill Upgrades
United States Steel Corp. shares plunged Wednesday on a surprise quarterly loss and plans to overhaul mills at the expense of profit this year.
Boeing Shaking Up Supply Chain
Boeing could bring more work in-house as part of an effort to reduce the cost of building jetliners that also includes introducing more automation and job cuts.
ESPN to Lay Off 100 Employees
Walt Disney's ESPN is laying off about 100 employees, including on-air talent, as it further looks to cut costs amid challenging times in the pay-TV business.
Online, Under Armour Spreads Itself Thin
New research published this month shows Under Armour is selling many items, particularly premium footwear like its Steph Curry basketball shoes, at multiple retailers, a level of overlap that could push prices lower and confuse shoppers in an already competitive market.
Deutsche Boerse Reports Higher 1Q Profit, Announces Share Buyback
Deutsche Boerse reported a 41% rise in net profit for the first quarter, helped by a one-time gain from a stake sale, and announced plans to buy back shares.
Credit Suisse to Raise Capital, Ditch Sale of Swiss Unit
Credit Suisse said it planned to raise about $4 billion of fresh capital and abandon plans for a partial sale of its Swiss unit as the banking giant reported a first-quarter profit that topped analysts' expectations.
(END) Dow Jones Newswires
April 26, 2017 17:15 ET (21:15 GMT)