All the 11 major indexes were lower, with technology index's 0.4 percent fall topping the list. Cisco's 4 percent fall weighed the most on the S&P and the Nasdaq, while Wal-Mart's 2.7 percent slide was the biggest drag on the Dow. Indexes closed off their highs on Wednesday following Trump's decision to disband two business councils after several chief executives quit in protest over his remarks on white nationalists.
The Latest on President Donald Trump (all times EDT): 9:50 a.m. President Donald Trump says it's "Sad to see the history and culture of our great country being ripped apart" with the removal ...
The company had already cut its full-year guidance in May to the range of $2 billion-$2.1 billion at constant currency from $2.2 billion. "Price erosion by the entire generics industry has been significant," Brian Hoffmann, president of the company's U.S. generics business told Reuters. "Earlier in the year we were experiencing lower price erosion levels than the rest of the industry.
BERLIN/FRANKFURT (Reuters) - Germany's Lufthansa is considering buying a majority of insolvent Air Berlin's aircraft, two people familiar with the matter said, as the government and rivals race to carve it up. Air Berlin, Germany's second-largest airline, filed for bankruptcy protection on Tuesday after shareholder Etihad Airways withdrew funding following years of losses. Transport Minister Alexander Dobrindt backed Lufthansa to buy a major portion of Air Berlin's assets, saying Germany needed a "national champion" in international aviation.
(Reuters) - Apple Inc (AAPL.O) CEO Tim Cook has joined a chorus of business leaders who have voiced their opposition to President Donald Trump after he blamed white nationalists and anti-racism activists equally for violence in Virginia over the weekend. "I disagree with the president and others who believe that there is a moral equivalence between white supremacists and Nazis, and those who oppose them by standing up for human rights. Equating the two runs counter to our ideals as Americans," Cook wrote in a note late on Wednesday to employees, according to technology news website Recode.
Alibaba, China's top e-commerce firm, beat analyst estimates with a 56 percent rise in first-quarter revenue, driven by strong online sales. Thursday's results show that Alibaba Group Holding Ltd (BABA.N), one of Asia's most valuable companies, continues to derive the lion's share of its revenue from e-commerce, despite strong growth in its entertainment and cloud businesses. Alibaba's stock is up more than 81 percent this year, buoyed by company predictions of strong full-year revenue growth of between 45 and 49 percent.
Mayor Levar Stoney has ordered a city commission to consider removing monuments to Confederate...
