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Wall Street opens lower as Amazon weighs on tech stocks

U.S. stock indexes opened lower on Friday as Amazon's profit miss took a toll on technology shares.

Recent Business News

VW's Audi to replace 4 out of 7 management board members: sources

MUENCHEN Volkswagen's luxury brand Audi will replace four out of seven management board members, three sources said on Friday.

9:28am EDT

Genish's arrival gives Vivendi tighter hold on Telecom Italia

MILAN Telecom Italia will name Vivendi's Amos Genish as its general manager on Friday as the French media giant tightens its grip on the Italian phone group, where it is the largest shareholder.

9:42am EDT

Exxon profit nearly doubles, but falls short of expectations

Exxon Mobil Corp, the world's largest publicly traded oil producer, said on Friday its quarterly profit nearly doubled on surging margins at its operations outside the United States, but results fell shy of Wall Street's expectations.

8:29am EDT

American Airlines' revenue, adjusted profit beat Wall Street view

American Airlines Group Inc on Friday reported quarterly revenue and adjusted profit that beat analyst projections, helped by strong passenger demand and improving average fares.

8:45am EDT

JPMorgan plans cost cuts in Sapphire Reserve card unit: WSJ

JPMorgan Chase & Co is pushing for fresh cost cuts of about $200 million in the unit that oversees Sapphire Reserve credit card, the Wall Street Journal reported on Friday.

8:43am EDT

Monetizing the Dallas Cowboys brand

Dallas Cowboys Chief Operating Officer Stephen Jones talks about maximizing the value of his team.   Full Article 


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