Facebook Inc. reported slower-than-expected revenue growth for the second quarter, sending its stock price sliding in after-hours trading, as the social media titan felt the effects of recent controversies surrounding its privacy practices. The company's earnings call cast additional doubt about Facebook's ability to grow. Meanwhile, its long campaign to re-enter China has been hit with another reversal.
Arconic Inc. is weighing takeover approaches from at least two private-equity groups -- a joint missive from Blackstone Group LP and Carlyle Group LP and a separate salvo from Apollo Global Management LLC -- in what would be one of the biggest recent leveraged buyouts.
Airbus SE on Thursday delivered bumper second-quarter earnings growth, boosting its stock, even as it trimmed its full-year outlook after taking control of a smaller jetliner program to expand its product lineup to battle Boeing Co.
Cosco Shipping Holdings Co. was hit by a cyberattack that has disabled the Chinese state-run company’s U.S. website and email systems, but the company said the incident hasn’t disrupted its global shipping operations.
Money management giant Vanguard Group Inc. sent some of its 401(k) customers erroneous text messages Tuesday evening saying that the firm processed loans against their retirement savings.
PayPal Holdings Inc. second-quarter profit rose 28% to $526 million following a boost in usage among its customers.
Anheuser-Busch InBev NV’s quest to woo increasingly fickle American drinkers is a headache it’s struggling to shake.
Nestlé SA posted a jump in profit and a rise in a key sales-growth metric from 2017, suggesting the company’s shift toward coffee and healthier food is starting to bear fruit.
Snack giant Mondelez International Inc. reported a 2.1% rise in sales, a sign it benefitted from a strong U.S. economy.
Grubhub Inc. shares closed at an all-time high Wednesday after it announced the purchase of mobile food-ordering company LevelUp and that strong order growth fueled sales and profits in the latest quarter.
Gilead Sciences Inc. Chief Executive John F. Milligan will step down after 28 years at the company, effective at the end of the year.
Mattel Inc. will cut more than 2,200 jobs, or nearly a quarter of its nonmanufacturing workforce, as the maker of Barbie dolls and other toys grapples with slumping sales and deep losses.
Pinduoduo Inc., a three-year-old Chinese internet startup, earned a nearly $24 billion market valuation in an initial public offering in New York, drawing high investor demand ahead of a string of larger internet IPOs from the country in the coming months.
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