Snapchat created a furor after dropping the Best Friends feature which allowed users to see who their contacts had been sharing snaps with the most. But the ephemeral messaging service provider soon vowed to reinstate the feature to assuage users who said Best Friends helped them ensure fidelity.
Toyota Motor Sales, U.S.A., Inc., a unit of Japanese auto giant Toyota Motor Corp. (TYT.L, TM), said it is recalling 52,000 - 2011-2012 Avalon sedans in the U.S. due to a wiring problem that increases risk of fire.
The company says cargo in trunk of the affected cars could contact one of the audio...
Chinese e-commerce giant Alibaba reported a 28 percent drop in third-quarter profit, hurt by stock-based compensation expense and other costs. Meanwhile revenues surged 40 percent, driven by growth in China commerce retail business, though not at the rate analysts expected, even as its active user base ballooned. Alibaba shares dropped 9% on the NYSE.
After moving sharply lower over the course of the two previous sessions, stocks have fluctuated during trading on Thursday. The major averages have had difficulty sustaining any significant moves throughout the trading day.
TracFone, the largest prepaid wireless service provider in the U.S., has agreed to pay $40 million to settle charges that it cheated millions of consumers with false promises of "unlimited" data service, according to the Federal Trade Commission.
The FTC alleged that TracFone has advertised prepaid...
Blockbuster sales of big-screen iPhones during the holiday quarter has helped tech giant Apple Inc. (AAPL) to tie with Samsung to become the world's largest smartphone vendor.
Both Apple and Samsung sold 74.5 million smartphones during the December quarter, according to research firm Strategy Analytics....
Stocks have moved mostly lower in morning trading on Thursday, adding to the steep losses posted in the two previous sessions. The major averages have all slid into negative territory, with the Dow falling to its lowest levels in over a month.
Colgate-Palmolive Co. reported Thursday a profit for the fourth quarter that grew from last year, even though sales were hurt by a significantly stronger U.S. dollar. Adjusted earnings per share topped analysts' expectations by two cents, while quarterly revenues missed their estimates by a whisker.
Partly reflecting fewer homes available for sale and a slight acceleration in prices, the National Association of Realtors released a report on Thursday unexpectedly showing a sharp drop in U.S. pending home sales in the month of December.
Myriad Genetics Inc. has been making peace with some of its rival genetic-testing companies, against whom it had filed patent lawsuits concerning two human genes - BRCA1 and BRCA2. It looks like Myriad has finally realized it can't defend the indefensible after a U.S. appeals court, in December 2014, ruled that it cannot block competitors from offering BRCA gene tests.
Automaker Ford Motor Co. on Thursday reported a profit for the fourth quarter that plunged from last year, reflecting lower revenues and one-time charges, while the prior-year quarter's results were boosted by a tax benefit. However, adjusted earnings per share for the quarter beat analysts' estimates. Looking ahead, Ford reaffirmed its pre-tax profit guidance for fiscal 2015.
McDonald's has announced its Chief Executive Office Don Thompson will be "retiring" at the age of 51, after two tumultuous years on the job.
It will instead be up to Steve Easterbrook, 48, McDonald's chief brand officer, to reverse a downturn in fortunes for the iconic hamburger chain.
Providing an encouraging sign for the labor market, the Labor Department released a report on Thursday showing that first-time claims for U.S. unemployment benefits dropped to their lowest level in over fourteen years in the week ended January 24th.
After ending the two previous sessions sharply lower, stocks may move back to the upside in early trading on Thursday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 63 points.
Germany's consumer prices in January declined for the first time in nearly five-and-a-half years and at faster than expected rates, in sync with forecasts for deflation in the euro area, preliminary figures from Destatis showed Thursday. The EU measure of inflation, the harmonized index of consumer prices, fell 0.5 percent annually, following a modest 0.1 percent gain in December. Economists had forecast a 0.2 percent decline.