New York Times Pandora, Faded Star of Online Music, Gets Cash Infusion From Sirius XMNew York TimesThe Pandora offices in Oakland, Calif. The music-streaming company said Friday it had agreed to take a $480 million investment from Sirius XM. Credit Ramin Rahimian for The New York Times. Pandora was early to the online music business, […]
CNN F-35 fighters grounded over oxygen problemsCNN(CNN) An F-35 fighter wing has been temporarily grounded after five incidents where pilots suffered from oxygen deprivation problems, but the planes are expected to be flying again on Saturday, the Air Force said Friday. The 56th Fighter Wing at Luke …F-35 flights halted at Ariz. base over pilot […]
MarketWatch Nasdaq tumbles on tech selloff while Dow climbs to record closeMarketWatchThe Dow closed at a record on Friday even as the Nasdaq skidded nearly 2% as the technology sector abruptly fell in afternoon trade. The Nasdaq's retreat comes on the heels of an early record and marked the biggest one-day decline for the Nasdaq […]
Washington Post A rule meant to protect retirement savers is in effect for now, despite GOP efforts to kill itWashington PostA rule meant to make it easier for retirement savers to trust their financial advisers began its long-awaited roll out on Friday. But investors may not want to let their guard down just yet. Implementation […]
Chain Store Age Apparel giant in store closing move amid sales dropChain Store AgeAscena Retail Group, operators of such brands as Ann Taylor, Lane Bryant and Dressbarn, is planning to close hundreds of stores. The news came on the heels of a brutal quarter. The company reported a net loss of $1.031 billion, or $5.29 […]
USA TODAY World's largest cruise ship, Symphony of the Seas, takes to water for first timeUSA TODAYThe construction of Symphony of the Seas, the largest cruise ship ever, hit a major milestone on Friday as the ship took to the water for the first time. The 230,000-ton Royal Caribbean vessel was floated out from a […]
CNBC Apple, Facebook and other big tech stocks tank, weigh on Wall StreetCNBCFacebook, Apple, Amazon.com, Alphabet, Microsoft all fell more than 3 percent Friday as investors rotated out of the stocks. The group has been the market's leaders and is behind about 40 percent of its performance this year. Goldman Sachs analyzed the …Tech stocks are […]
Reuters British pound falls after UK election shock, dollar gainsReutersNEW YORK The British pound fell to a seven-week low on Friday after a shock election result cast doubt on Britain's talks to leave the European Union, but key indices hit fresh record highs before tumbling technology shares drove the Nasdaq and S&P 500 …British pound drops […]
Reuters EU antitrust regulators to investigate $38 billion Qualcomm, NXP dealReutersA Qualcomm sign is pictured at one of its many campus buildings in San Diego, California, U.S. April 18, 2017. REUTERS/Mike Blake. By Foo Yun Chee | BRUSSELS. BRUSSELS EU antitrust authorities opened an investigation on Friday into Qualcomm's …Europe's Anti-Trust Chief Chips Away at Qualcomm's […]
Washington Post The Energy 202: What the Dodd-Frank rollback could mean for energy companiesWashington PostTHE LIGHTBULB. House Speaker Paul D. Ryan (R-Wis.) during a press conference where he delivered remarks on the Financial Choice Act. (EPA/SHAWN THEW). While everyone was watching James B. Comey's testimony in the Senate on Thursday, the …Treasury won't push to gut […]