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Latest News

Airbus hits market turbulence as profits slump
European group Airbus said net profit dived 50 percent to 399 million euros ($453 million) in the first three months of 2016Airbus Group shares went into a sharp descent Thursday after the aeronautics giant revealed a 50-percent plunge in net profits, delays in new commercial plane deliveries and fresh engine problems with its troubled A400M military transport plane. "In a nutshell, despite these challenges we maintain our 2016 guidance and also our earnings and cash growth story for the coming years," he said in a statement, stressing that Airbus still has strong orders for commercial planes and it expects to ramp up aircraft production. In comments likely to step up pressure on the aircraft maker, the head of Qatar Airways threatened to cancel an order for Airbus A320neo planes if the European manufacturer fails to address engine issues.
Facebook, Messenger and Instagram apps hit Windows 10
Facebook has been cautiously optimistic about the potential for money-making advertising on its popular services such as Instagram, Messenger and Live real-time video streamingFresh from reporting stellar earnings, Facebook on Thursday rolled out applications tailored to Microsoft's latest operating system for the social network as well as its Messenger and Instagram services. "There are many people using Facebook, Messenger and Instagram on Windows, so today we're excited to roll out Windows 10 apps for Facebook and Messenger on desktop and Instagram on mobile," product manager Davis Fields said in a blog post at the leading social network. Free Facebook and Messenger programs for Windows 10 were hitting virtual shelves at the Windows desktop app store and an Instagram application that runs on mobile devices powered by the Microsoft operating system hit the Windows Phone Store.
Wall Street sinks on BOJ fears, Icahn comments
Traders work on the floor of the NYSEThe benchmark S&P 500 had its worst day in three weeks, losing 19.34 points, or 0.92 percent, to 2,075.81, the Dow Jones industrial average fell 210.79 points, or 1.17 percent, to 17,830.76 and the Nasdaq Composite dropped 57.85 points, or 1.19 percent, to 4,805.29. Wall Street dipped further late in the day, led by a decline in Apple stock. Shares of Apple, already suffering from disappointing earnings, took another hit after billionaire investor Carl Icahn said he no longer has a position.
Cameco posts surprise first-quarter adjusted loss as uranium prices drop
(Reuters) - Canada's uranium producer Cameco Corp reported an unexpected first-quarter adjusted loss as uranium prices continued to soften and demand remained low, forcing the company to lower its uranium production forecast for the year. Analysts, on average, were expecting earnings of 16 Canadian cents a share, according to Thomson Reuters I/B/E/S. Cameco's uranium sales fell 16 percent to 5.9 million pounds in the quarter. Cameco on Friday cut its 2016 uranium production forecast to 25.7 million pounds from 30 million pounds.
Earnings could mark end to rally in U.S. media stocks
Traders work on the floor of the NYSEU.S. fund managers' newfound love of media stocks will soon be put to the test. Shares of Time Warner Inc, Twenty-First Century Fox, and CBS Corp are all up by double digits since the start of the year. Now, with media stocks in the S&P 500 trading at a trailing price to earnings ratio of 19.4, their highest valuation in four months, investors will need confirmation that the momentum can continue.

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World News

Protests force Trump into a ditch, en route to make his California pitch

Protests force Trump into a ditch, en route to make his California pitchBURLINGAME, Calif.—A little over a month before California's pivotal Republican presidential primary, Donald Trump began his official wooing of party delegates Friday, headlining a kickoff lunch at the state's annual GOP convention. But Trump's appearance was nearly derailed by massive protests outside the Hyatt Regency near the San Francisco airport, where the convention is being held. The protests blocked Trump's motorcade route, forcing the candidate and his Secret Service detail to abandon their vehicles on a nearby highway, jump a barricade wall and cross a ditch to get to the hotel's back entrance—movements that were captured by television news helicopters.


Hawaii selects businesses for medical pot but excludes actor

Woody Harrelson Applies for Pot Dispensary Permit in HawaiiHONOLULU (AP) — Hawaii selected eight businesses Friday to open medical marijuana dispensaries — but not one owned by Woody Harrelson.


Linebackers Smith, Jack drafted despite knee issues

Linebacker Myles Jack (L) of the UCLA Bruins, ranked one of the five best players in the draft by NFLDraftScout.com, missed most of last season at UCLA after undergoing knee surgeryThe NFL dream was still alive for linebackers Jaylon Smith and Myles Jack, who were selected on the second day of the draft despite concerns over knee injuries that disrupted their college football careers. Smith was drafted by the Dallas Cowboys with the 34th overall selection, a higher spot than many expected because of the major knee injury he suffered playing for Notre Dame in the Fiesta Bowl on January 1. University of California at Los Angeles linebacker Myles Jack's agonizing wait ended when the Jacksonville Jaguars added to their offseason overhaul on defense by drafting him 36th overall.


Cellphone in missing Florida teens case to be reviewed by Apple

14-year-olds Austin Stephanos and Perry Cohen are showing in this handout provided by the United States Coast Guard in MiamiIf Apple retrieves anything from the water-damaged phone that relates to the day the boys disappeared - including photos, texts and social media posts - the data will be given to a judge, who will decide if it is evidence and whether it may be shared with the families, according to a report by WPLG television in Miami. The agreement puts to rest, for now, a row between the families of Austin Stephanos, 14, who owned the iPhone 6, and his friend Perry Cohen, also 14, who borrowed it to communicate with his family the day they disappeared in July 2015 off the Atlantic Coast of South Florida, according to the report. Cohen's family wanted the Florida Fish and Wildlife Conservation Commission to treat the phone as evidence in an open missing persons case, but the agency instead on returning it to Stephanos' family, the station reported.


Lakers announce Luke Walton has been hired as head coach

Houston Rockets v Golden State Warriors - Game FiveWalton went 39-4 as the Golden State Warriors' interim head coach to start the season and was considered one of the top candidates on the market.


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