Snap's Loss Nearly Quadruples
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Snap Inc.'s loss in the second quarter nearly quadrupled to $443 million on slowing revenue and user growth, hurt by intensifying competition from larger rival Facebook Inc. Shares dropped.
Google Engineer's Firing Fuels Debate Among Employees
Google's firing of software engineer James Damore is fueling new debate inside the company over its diversity program and its openness to conservative viewpoints.
Investor Benchmark Capital Sues Uber Ex-CEO Kalanick
One of Uber's largest shareholders on Thursday sued the ride-hailing firm's former chief Travis Kalanick in a fight over board seats.
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Embattled Wells Fargo Plans Board Shake-Up
The board of Wells Fargo, grappling with fresh problems even as it tries to move past the bank's sales-practices scandal, is planning a shake-up that is likely to include Stephen Sanger stepping down as chairman.
Macy's and Kohl's Slow Sales Slump, but Investors Still Spooked
Macy's and Kohl's reported another quarter of shrinking sales that spooked investors, though the latest declines weren't as deep as they have been in recent quarters. Still, shares dropped.
News Corp Reports Loss on Write-Down of U.K. Assets
News Corp swung to a loss in the quarter ended in June because of a $464 million charge to write down the value of assets at its U.K. newspapers.
British Columbia Vows to Block Pipeline Expansion
The government of British Columbia, Canada's westernmost province, vowed to use every legal option to stop construction of Kinder Morgan Inc.'s planned expansion of a pipeline connecting the Alberta oil sands with the Pacific Coast.
GE's New CEO Bets $2.7 Million He Can Revive the Stock
General Electric Co.'s new boss, John Flannery, bought about $2.7 million worth of company shares in his 401(k) retirement account this week, according to documents filed with the Securities and Exchange Commission.
Blackstone, Starwood Form Home-Rental Giant
Two of the country's largest rental-home owners, Blackstone's Invitation Homes and Starwood Waypoint Homes, have agreed to merge in a deal that would create a giant landlord with roughly 82,000 homes in 17 metro areas.
Babcock & Wilcox Agrees to Buy Back Private-Equity Stake a Day Before 72% Plunge
A private-equity firm that three months ago took a 10% stake in power-generating company Babcock & Wilcox Enterprises Inc. struck a deal to sell its position back to the company, dodging by one day a 72% plunge in the stock.
(END) Dow Jones Newswires
August 10, 2017 19:15 ET (23:15 GMT)