Netflix sinks on subscriber losses, analysts still see growth

Fri, 19 Jul 2019 05:22:36 -0400

Wall Street brokerages stuck to a positive outlook on Netflix Inc on Thursday, betting that a strong content slate for the rest of 2019 would reverse shock second-quarter losses in U.S. subscribers that sank its stock price.

Fed rate cut bets lift stocks, dollar steadies

Fri, 19 Jul 2019 05:21:11 -0400

Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar.

Exclusive: J.C. Penney taps debt restructuring advisers - sources

Fri, 19 Jul 2019 05:19:43 -0400

J.C. Penney Co Inc has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, people familiar with the matter said on Thursday.

Bayer welcomes judge's call for reduced damages in $2 billion glyphosate case

Fri, 19 Jul 2019 05:00:36 -0400

Germany's Bayer AG welcomed on Friday a call by a U.S. judge to cut a $2 billion damages award to a Californian couple by a jury which found that its glyphosate-based weed killer had caused their cancer.

Oyo founder to buy back $2 billion worth stake in SoftBank-backed Indian co

Fri, 19 Jul 2019 04:45:58 -0400

Indian hospitality startup Oyo Founder Ritesh Agarwal raised his stake in the company with a $2 billion buyback, in a move that will bring his ownership closer to biggest investor SoftBank Corp .