Latest Corporate stock News

Comcast loses cable users, but internet subscribers surge

Jan. 23, 2019 1:44 PM EST

NEW YORK (AP) — Comcast is still losing U.S. cable customers but is racking up more internet subscribers and has gotten a revenue boost from Sky, its big bet on European TV. The Philadelphia company said Wednesday that it lost 29,000 U.S. cable customers in the fourth quarter but added 351,000 internet...

40 years after his "folly," Bogle's index funds reign

Jan. 22, 2019 7:49 PM EST

NEW YORK (AP) — Forty years ago, the thought of buying a stock index fund was ridiculed. Why would anyone be satisfied with an investment that promised nothing more than the same return as the market? Later this year, however, U.S. stock index funds may for the first time control more in assets than mutual...

TD Ameritrade doubles its fiscal 1Q profit

Jan. 22, 2019 5:38 PM EST

OMAHA, Neb. (AP) — Online brokerage TD Ameritrade Holding Corp.'s fiscal first-quarter profit more than doubled thanks to the company's 2017 acquisition of rival Scottrade and last fall's increased volatility in the market. The Omaha, Nebraska-based company said Tuesday that it earned $604 million, or...

Tiffany holiday sales slip as Chinese tourists spend less

Jan. 18, 2019 1:52 PM EST

NEW YORK (AP) — Tiffany & Co. says holiday shoppers and Chinese tourists spent less on its bling. The luxury jeweler, famous for its little blue boxes, says sales slipped in the holiday shopping season as Chinese tourists spent less while traveling due to the strong dollar, making it more expensive to...

On the road to make an affordable car, Tesla cuts jobs

Jan. 18, 2019 1:44 PM EST

Tesla will cut 7 percent of its workforce as it tries to lower prices and break out of the niche-car market to produce an electric vehicle that more people can afford. Tesla's cheapest model right now is the $44,000 Model 3, and it needs to broaden its customer base to survive. "Looking ahead at our mission of...

John Bogle dies at 89; fought for lower fees for investors

Jan. 16, 2019 8:40 PM EST

VALLEY FORGE, Pa. (AP) — When he lost his job running a mutual fund company after stocks tanked in the early 70's, John C. Bogle decided that money managers knew very little about predicting the market — and charged way too much for that lack of knowledge. He founded a new fund company, Vanguard, in...

Snap to lose chief financial officer, its 2nd in a year

Jan. 16, 2019 1:31 PM EST

NEW YORK (AP) — The company behind Snapchat is losing its second financial chief in less than a year as the social media service confronts a declining user base and stiff competition from bigger rivals. Snap Inc. said Chief Financial Officer Tim Stone is leaving to pursue unspecified opportunities. He had...

From travel to IPOs, how shutdown is upsetting US economy

Jan. 16, 2019 1:27 PM EST

WASHINGTON (AP) — Delta Air Lines can't get eight new aircraft in the air. Roughly a million government employees and contractors aren't being paid. Some Americans who are trying to start small businesses face delays in obtaining the required tax identification number from the IRS. As the partial...

Goldman's 4Q profits beat estimates, despite trading worries

Jan. 16, 2019 9:14 AM EST

NEW YORK (AP) — Investment bank Goldman Sachs swung to a fourth-quarter profit, as the bank's advisory business helped offset a difficult quarter in trading, given the turbulent markets in late 2018. The Wall Street firm said Wednesday that it earned $2.32 billion, or $6.04 a share, compared to a $2.14...

Asian stocks mixed on poor Japanese data, growth fears

Jan. 15, 2019 11:20 PM EST

SINGAPORE (AP) — Asian markets were mixed on Wednesday as poor Japanese data and worries about global growth put a damper on trading. KEEPING SCORE: Japan's Nikkei 225 index slipped 0.6 percent to 20,430.73 while South Korea's Kospi added 0.3 percent to 2,102.45. Hong Kong's Hang Seng fell 0.3 percent to...