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Latest News

Facebook revenue smashes expectations as mobile ad sales surge
Facebook Inc's quarterly revenue rose more than 50 percent, handily beating Wall Street expectations as its wildly popular mobile app and a push into live video lured new advertisers and encouraged existing ones to boost spending. Facebook also announced it will create a new class of non-voting shares in a move aimed at letting Chief Executive Officer Mark Zuckerberg give away his wealth without relinquishing control of the social media juggernaut he founded. The company plans to create a new class of non-voting shares, which would be given as a dividend to existing shareholders.
Amazon shares pop as company beats revenue, profit forecasts
Shares of online retailer Amazon.com Inc. shot up in after-hours trading as the company blew past Wall Street expectations for first-quarter revenue and earnings. Amazon reported Thursday that it made a profit of $1.07 US per share, topped the average analyst forecast of 61 cents, according to Zacks Investment Research. The company reported revenue of $29.13 billion, ahead of the $27.94 average analyst forecast.
Fiat Chrysler, Alphabet in technology partnership talks - WSJ
The Fiat logo is pictured at a car dealership at Motor Village in Los AngelesREUTERS - Fiat Chrysler Automobiles NV is in late-stage talks with Alphabet Inc's self-driving car division for a technology partnership, the Wall Street Journal reported, citing a person familiar with the discussions. The talks have been ongoing for several months, the Journal reported, as Alphabet seeks industry partnerships, offering a deal to sell self-driving car technology. Alphabet and Fiat Chrysler declined to comment. ...
Abbott deal for St. Jude spurs company split talk
When Abbott Laboratories said on Thursday it would buy heart device company St. Jude Medical Inc for $25 billion, it set off a flurry of Wall Street speculation over whether Abbott Chief Executive Miles White is laying groundwork to split the company yet again. Three years ago, White spun off Abbott's fast-growing branded drugs business into a new company, AbbVie, buoyed by top-selling arthritis medicine Humira, which helped AbbVie shares double. Abbott retained medical devices, nutritionals, diagnostics and some generic medicines.
Yen spikes to 18-month peak, Amazon softens Apple blow
A man looks at an electronic board outside a brokerage in TokyoBy Wayne Cole SYDNEY (Reuters) - The yen surged to an 18-month peak on Friday as investors wagered the Bank of Japan might be done adding fresh stimulus to the economy, hurting prospects for Japanese exporters with a move that rippled through share markets across the Asian region. Perhaps taking advantage of Japan's absence for a holiday, speculators smashed through the yen's previous top at 107.63 per dollar and drove the currency as far as 107.075. It had been at 111.67 before Thursday's decision by the BoJ not to ease policy further, even though prior media reports had set the market up for more action.

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World News

Death raises questions: Did Prince die of an overdose?

A mural honoring the late rock star Prince adorns a building in the Uptown area of Minneapolis Thursday, April 28, 2016, Prince died last week at his Paisley Park home at the age of 57. An investigation into his death continues. (AP Photo/Jim Mone)CHICAGO (AP) — Prince's final days and unexpected death at age 57 raise questions among experts familiar with prescription painkiller overdoses. It's possible the innovative musician's demise represents one of the most public tragedies in an overdose crisis now gripping America.


Laremy Tunsil slides in draft after bong video posted on Twitter

laremy tunsil bongThe Ole Miss offensive tackle had a fall for the ages in Chicago.


Man shot, Baltimore station WBFF-TV evacuated after bomb scare
A television station in Baltimore has been evacuated after employees say a man threatened to blow up the station.
Boehner calls Cruz ‘Lucifer in the flesh'

Boehner calls Cruz ‘Lucifer in the flesh'The former House speaker offers a blunt assessment of the Texas senator: "I have never worked with a more miserable son of a bitch in my life.”


Graffiti at Utah's Arches National Park may be irreparable

Graffiti is seen scratched into a sandstone wall near Frame Arch in Arches National Park near Moab, Utah(Reuters) - Graffiti etched into one of the popular red rock arches in Utah's Arches National Park may be too deep to be repaired, the park's superintendent said on Thursday. The site of the graffiti is near a hiking trail to one of the park's main attractions, Delicate Arch, a 64-feet high sandstone structure that has been known to draw hundreds of visitors at a time. Defacing a national park can lead to a sentence of six months in prison and a $500 fine, according to the website for the U.S. Department of Justice.


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