nasdaq Headlines

  • Ford fined by Australian court for mishandling complaints

    CANBERRA, Australia (AP) — Ford Motor Co.’s Australian subsidiary has been fined 10 million Australian dollars ($7.6 million) by an Australian court for mishandling customer complaints about faulty automatic transmissions in thousands of cars. The… The post Ford fined by Australian court for mishandling complaints appeared first on WTOP.

    WTOP
  • EU Commission head in Athens to discuss post-bailout plans

    ATHENS, Greece (AP) — European Commission President Jean-Claude Juncker was in Athens Thursday to discuss Greece’s fiscal reform plans after its international bailout program ends in a few months’ time. Left-wing Prime Minister Alexis Tsipras’… The post EU Commission head in Athens to discuss post-bailout plans appeared first on WTOP.

    WTOP
  • China calls on US to protect business environment

    BEIJING (AP) — China has called on Washington to avoid damaging business confidence following a report U.S. authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran. A foreign ministry spokeswoman, Hua Chunying,… The post China calls on US to protect business environment appeared first on WTOP.

    WTOP
  • Nokia sees Q1 profit halve as operators hold off investing

    HELSINKI (AP) — Nokia says its first-quarter earnings more than halved, primarily because telecom operators are holding off from investing in equipment while waiting for the commercial launch of the new-generation networks. The Espoo, Finland-based… The post Nokia sees Q1 profit halve as operators hold off investing appeared first on WTOP.

    WTOP
  • LG to buy automotive light maker ZKW for 1.1 billion euros

    SEOUL, South Korea (AP) — LG Electronics Inc. says it will acquire Austrian-based automotive light maker ZKW in the company’s biggest acquisition so far. The South Korean company said Thursday it plans to buy a… The post LG to buy automotive light maker ZKW for 1.1 billion euros appeared first on WTOP.

    WTOP
  • Nintendo's sales, profit up on strong Switch console demand

    TOKYO (AP) — Nintendo Co. is reporting solid sales and profit for the fiscal fourth quarter, powered by brisk demand for its Switch machines. The Japanese maker of Super Mario and Pokemon games reported Thursday… The post Nintendo’s sales, profit up on strong Switch console demand appeared first on WTOP.

    WTOP
  • Hyundai Motor's 1Q profit halved on grim US, China sales

    SEOUL, South Korea (AP) — Hyundai Motor said Thursday that its first-quarter profit plunged to its lowest level in more than eight years as sales dwindled in the United States and China. South Korea’s largest… The post Hyundai Motor’s 1Q profit halved on grim US, China sales appeared first on WTOP.

    WTOP
  • Barclays swings to 1Q loss

    LONDON (AP) — British banking giant Barclays swung to a loss in the first quarter as it set aside 2 billion pounds ($2.7 billion) to cover past misconduct, including allegations related to subprime mortgages in… The post Barclays swings to 1Q loss appeared first on WTOP.

    WTOP
  • Oregon marijuana: Lots of data, few to analyze and check it

    SALEM, Ore. (AP) — To the beat of electronic dance music, men and women inside a slate-gray building harvested marijuana plants festooned with radio-frequency identification tags. In another room, an employee entered the tag numbers… The post Oregon marijuana: Lots of data, few to analyze and check it appeared first on WTOP.

    WTOP
  • Deutsche Bank ekes out profit, refocuses investment bank

    FRANKFURT, Germany (AP) — Deutsche Bank reports that its profit fell to 120 million euros ($146 million) in the first quarter as exchange rates and lower revenues at its investment bank weighed on profits. The… The post Deutsche Bank ekes out profit, refocuses investment bank appeared first on WTOP.

    WTOP
  • Disney emphasizes China roots in Shanghai amid trade tension

    SHANGHAI (AP) — Walt Disney Co. stressed its deep China connections as it opened an extension of Shanghai’s $5.5 billion Disney Resort on Thursday amid escalating tensions over trade and technology between Beijing and Washington.… The post Disney emphasizes China roots in Shanghai amid trade tension appeared first on WTOP.

    WTOP
  • Deutsche Bank's retreat; ECB meeting; Facebook soars

    Here's what you need to know about the markets before you start your business day.

    CNNMoney
  • EPA chief faces Capitol Hill grilling over ethical missteps

    WASHINGTON (AP) — Environmental Protection Agency chief Scott Pruitt faces potentially make-or-break hearings on Capitol Hill, where he is expected to face questions about spending and ethics scandals that have triggered bipartisan calls for his… The post EPA chief faces Capitol Hill grilling over ethical missteps appeared first on WTOP.

    WTOP
  • With Cruise, 'A Quiet Place,' Paramount ready for a comeback

    LAS VEGAS (AP) — Paramount Pictures is ready for its comeback story. On Wednesday at the CinemaCon convention in Las Vegas, studio chairman and CEO Jim Gianopulos announced a sequel to the breakthrough thriller “A… The post With Cruise, ‘A Quiet Place,’ Paramount ready for a comeback appeared first on WTOP.

    WTOP
  • Editor who posted editorial on blog without permission fired

    BOULDER, Colo. (AP) — An editor at The Daily Camera who published a critical editorial about the newspaper’s hedge fund owners without the publisher’s permission has been fired. Dave Krieger tweeted Wednesday night that he… The post Editor who posted editorial on blog without permission fired appeared first on WTOP.

    WTOP
  • Samsung reports 52 percent jump in 1Q earnings

    SEOUL, South Korea (AP) — Samsung Electronics says its first-quarter earnings jumped 52 percent over a year earlier thanks to its mainstay memory chips that posted another record-high quarterly profit. The South Korean tech giant… The post Samsung reports 52 percent jump in 1Q earnings appeared first on WTOP.

    WTOP
  • Nasdaq’s CEO Says It May Become A Cryptocurrency Exchange One Day

    People are bullish on crypto prices in 2018 because large money is gathering, and waiting for the regulatory clouds to clear.

    pastemagazine.com
  • Higher menu prices helps boost Chipotle key sales figure

    NEW YORK (AP) — Chipotle, which has been working to revive its business after past food safety scares, says a key sales figure rose as it increased prices in most of its restaurants. After the… The post Higher menu prices helps boost Chipotle key sales figure appeared first on WTOP.

    WTOP
  • Dollar higher

    The U.S. dollar is higher against other North American currencies in New York trading. It’s worth 1.29 Canadian dollars, up from late Tuesday. And the dollar is trading at 18.90 Mexican pesos, also up from… The post Dollar higher appeared first on WTOP.

    WTOP
  • Jury deliberations begin in fraud trial of bank executives

    WILMINGTON, Del. (AP) — After a six-week trial, jurors began deliberating Wednesday in the fraud and conspiracy case against four former executives of the only financial institution to be criminally charged in connection with the… The post Jury deliberations begin in fraud trial of bank executives appeared first on WTOP.

    WTOP
  • S Carolina House considers whether to remove nuclear fee

    COLUMBIA, S.C. (AP) — The leader of Republicans in the South Carolina House is asking representatives to reject a bill that cuts most of the charges utility customers are paying for two abandoned nuclear plants.… The post S Carolina House considers whether to remove nuclear fee appeared first on WTOP.

    WTOP
  • Stronger pound weighs on revenues at drugmaker GSK

    LONDON (AP) — Pharmaceutical and consumer goods maker GlaxoSmithKline says first-quarter revenue dropped 2 percent as a stronger pound offset encouraging sales of a new shingles treatment. The company said in a statement Wednesday that… The post Stronger pound weighs on revenues at drugmaker GSK appeared first on WTOP.

    WTOP
  • Johnny Jet's summer travel advice: airfare, baggage and more

    Are you starting to think about summer vacation? John DiScala, better known as the air travel expert Johnny Jet , recently talked with The Associated Press travel podcast “Get Outta Here!” about strategies for booking… The post Johnny Jet’s summer travel advice: airfare, baggage and more appeared first on WTOP.

    WTOP
  • General Motors to add 700 workers at Tennessee factory

    DETROIT (AP) — General Motors is adding a shift at a Tennessee factory that makes GMC and Cadillac SUVs, putting about 700 people to work. But there may not be any new hires in Spring… The post General Motors to add 700 workers at Tennessee factory appeared first on WTOP.

    WTOP