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Dropbox shares close up 35 percent in biggest tech debut since Snap

Dropbox Inc's shares closed at $28.42, up more than 35 percent in their first day of trading on Friday, as investors rushed to buy into the biggest technology initial public offering in more than a year even as the wider sector languished. | Video

Recent Business News

Qualcomm re-elects board of directors with tepid support

SAN DIEGO Qualcomm Inc re-elected its board of directors on Friday with weak support from shareholders, who grilled the U.S. chipmaker over its strategy following its successful defense against a $117-billion hostile bid from Broadcom Ltd .

3:16pm EDT

Goldman Sachs CEO Blankfein sees 9 percent pay hike in 2017

Goldman Sachs Group Inc Chief Executive Lloyd Blankfein saw his overall compensation rise 9 percent, despite the investment bank's lackluster performance in 2017.

2:58pm EDT

Canada calls end to trade case positive for 'longstanding' Boeing ties

MONTREAL, OTTAWA Canada on Friday welcomed as a "positive development" in its long ties with Boeing a decision by the U.S. planemaker to end a trade dispute over sales of Bombardier CSeries jets in the United States.

1:34pm EDT

Spotify says about two million users blocked ads without paying

Spotify Technology SA said on Friday it uncovered 2 million users of its free service who had blocked advertising without paying, highlighting a potential revenue risk for the soon-to-be public company. | Video

4:19pm EDT

American Airlines: 'No final decisions have been made' on jet order

NEW YORK American Airlines on Friday said it had not yet chosen between rival planemakers Boeing Co and Airbus for an order of widebody jets, though sources said Boeing was set to prevail over its European competitor.

5:21pm EDT

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