RBS reports first-half profit as recovery gathers pace
LONDON (Reuters) - Royal Bank of Scotland beat first-half profit forecasts on Friday, sending its shares as much as 5 percent higher on signs a long-promised recovery is finally gathering momentum. The state-controlled lender, rescued in a 45.5 billion pound ($59.8 billion) bailout at the height of the financial crisis, has not made an annual profit since 2007 and last made a first-half profit in 2014. RBS also said it was in talks with the Dutch central bank to use a license it has in the Ne..>> view originalGoogle reportedly offered $30 billion to acquire Snapchat
Nerdy Google has failed at social time and time again, so it considered buying teen sensation Snapchat. The search giant held informal talks with Snap and floated an offer of $30 billion in 2016 before Snap’s last funding round, and just before its IPO this year, according to Business Insider’s Alex Heath. That offer was apparently an open secret inside Snap, and was on the table after the IPO, too. But Snap’s notoriously independent CEO Evan Spiegel has apparently showed no interest in sellin..>> view originalToyota's Quarterly Profit Improves on Strong Sales
FILE - In this May 13, 2015 file photo, Toyota Motor Corp. President Akio Toyoda, left, and Mazda Motor Corp. President Masamichi Kogai pose for photographers prior to a press conference in Tokyo. Japanese automakers Toyota Motor Corp. and Mazda Motor Corp. are partnering in electric vehicles with a deal expected to be announced later Friday, Aug. 4, 2017. (AP Photo/Shizuo Kambayashi, File) The Associated Press By YURI KAGEYAMA, AP Business Writer TOKYO (AP) — Toyota Motor Corp. ..>> view originalFutures: Jobs Report Key; These Optical Stocks Fall
Futures for the S&P 500 index, Nasdaq 100 and Dow futures rose slightly early Friday ahead of the July employment report. Economists expect a rise of 178,000 nonfarm jobs with the unemployment rate ticking down to 4.3% and hourly wages climbing 0.3%. Signs of tighter labor markets, such as falling joblessness or accelerating wage gains, could spur the Federal Reserve to step up tightening. XAutoplay: On | OffSeveral leading stocks had double-digit percentage gains or losses on earnings released..>> view originalDunkin' Donuts worker allegedly refuses to serve cops in Brooklyn - New York's PIX11 / WPIX
Please enable Javascript to watch this video BROWNSVILLE, Brooklyn — Two NYPD detectives were allegedly ignored and denied service at a combo Dunkin’ Donuts-Baskin Robbins store in Brooklyn on Sunday, the president of the detectives union said. The two investigators entered the store at 1993 Atlantic Ave. in between cases around 12 p.m. to purchase ice cream from the Baskin Robbins section of the store, the detectives union said. The detectives were not wearing suit jackets, so their shi..>> view originalTeva Stares Into Abyss as It Slashes Forecast, Dividends
Teva Pharmaceutical Industries Ltd., which has been without a permanent CEO for six months, revealed the full extent of the challenges facing its next leader by announcing more job cuts, a retreat from 45 markets and a steep cut to its dividend after slashing its earnings goals for the second time this year.The stock slumped the most in almost two decades and the yield on Teva’s bonds jumped after the drugmaker also cautioned that it may breach some debt covenants this year if sales don’t rise...>> view originalSafety concerns over recalled Uber cars in Singapore
Image copyright Getty Images Uber has said it could have done more to pull unsafe cars off the road in Singapore, amid allegations it rented out faulty vehicles to drivers.The Wall Street Journal reported on Thursday that Uber was aware of a Honda Vezel recall when it purchased more than 1,000 Vezels that were then leased to drivers. One of these cars caught fire in January, according to the report. Uber has faced a string of controversies in recent months.'Robust protocols'Honda recalled t..>> view originalYelp shares skyrocket as it turns an unexpected profit and strikes a deal to sell Eat24 to GrubHub
Food delivery has become an increasingly competitive space, with companies such as Facebook, Uber and Amazon eyeing the market. Within the last two years, delivery app SpoonRocket was acquired, Danny Meyer-backed Umi Kitchen stalled out, citing "the trickiness of making delivery economics work out for everyone involved." Instacart workers have staged public protests about falling tips, as the CEO is openly pinching pennies. And meal-kit company Blue Apron is trading near its 52-week low after g..>> view originalActivision Finally Details Its Vision for eSports
Prominent sports personalities like Patriots owner Bob Kraft and Mets executive Jeff Wilpon are buying into the potential of professional videogame competitions, known as eSports. Wall Street, however, isn’t quite sold on whether this is a business area that will make money in the near future. Thursday marked Activision Blizzard’s first earnings call since announcing Kraft and Wilpon were among the first owners in the company’s upcoming Overwatch eSports league, and several Wall Street analy..>> view originalTesla surges as Wall Street bets on Model 3
NEW YORK/SAN FRANCISCO (Reuters) - Tesla Inc (TSLA.O) jumped over 6 percent on Thursday as its quarterly report fuelled bets that its new Model 3 sedan would propel the luxury electric carmaker into the mainstream. Chief Executive Elon Musk is counting on the Model 3, Tesla's least pricey car, to make the company profitable and establish it as the leading electric carmaker ahead of BMW, General Motors and other long-established players. Tesla's stock is up 63 percent in 2017, underscoring Wall S..>> view original
Tuesday, October 24, 2017
RBS reports first-half profit as recovery gathers pace and other top stories.
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