Report: Pandora in Talks to Sell Itself
Online music streaming service Pandora Media Inc has held discussions about selling itself, the New York Times reported, citing people briefed on the talks.
Online music streaming service Pandora Media Inc has held discussions about selling itself, the New York Times reported, citing people briefed on the talks.
Oil futures settled at their lowest level in almost 13 years Thursday as expectations for weaker demand and a bigger glut of supplies pulled prices back below $27 a barrel.
Pandora Media Inc.'s stock swung sharply higher in afternoon trade Thursday, after The New York Times reported that the music streaming service has held talks about selling the company.
Fresh Market Inc.'s stock soared 14% in active afternoon trade, after Reuters reported that supermarket chain Kroger Co. was seeking to acquire the company.
Gold futures jumped 4.5% on Thursday to settle at their highest level in about a year as steep losses in global stock markets helped to lift the metal's investment appeal.
Boeing Co. shares plunged Thursday following a media report that the Securities and Exchange Commission is probing the aerospace group's accounting methods on two of its jetliner programs.
Kimberly-Clark Corp. said Thursday it would boost its quarterly dividend by 4.5% to 92 cents a share from 88 cents a share.
Global pharmaceutical company Mylan N.V. announced a $7.2 billion deal to acquire Meda.
Natural-gas futures moved lower on Thursday after the
Shares of social media website Twitter hit an all-time low on Thursday after the company said user growth stalled for the first time since the company went public.
Federal Reserve Chairwoman Janet Yellen repeated Thursday that she sees several risks to the U.S. economy from recent global market turmoil and weak growth abroad.
Morgan Stanley is poised to pay $3.2 billion to settle federal and state charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis.
U.S. stocks opened sharply lower on Thursday as investors fled risky assets such as equities and oil, while piling into havens such as Treasurys and gold.
Shares of Flowers Foods Inc. , the makers of baked goods like Wonder and Nature's Own bread, Tastykake snacks and Mi Casa tortillas, are down 20% in premarket trading after the stock was downgraded to neutral at SunTrust Robinson Humphrey.
Incyte Corp said it would discontinue some of the trials testing its already approved blood cancer drug, Jakafi, after the treatment's effectiveness was found to be insufficient.
3D Systems Corp.'s stock shot up 6.7% in premarket trade Thursday, after the 3D digital design products company provided a fourth-quarter revenue outlook that was above expectations.
The Wendy's Co. was downgraded to neutral from overweight after analysts determined the company won't lower its capital expenditures.
Kellogg Co. said it had a net loss of $41 million, or 12 cents per share, in the fourth quarter, up from a loss of $293 million, or 82 cents per share in the year earlier period.
Hong Kong shares plunged on Thursday led by mainland-related stocks, with the Hang Seng Index marking its worst daily performance since August.
Sweden's central bank pushed a key interest rate deeper into negative territory on Thursday, citing concerns about inflation.
U.S. futures plunge, global stocks staged a sharp retreat as a cautious tone from the Federal Reserve and a fresh fall in oil prices fueled anxiety about the health of the world economy.
Finland's Nokia reported better-than-expected profits for its mainstay telecom network equipment business but warned that rollouts for new mobile networks would start to slow this year in its most vital market China.
Oil prices slid on Thursday as record U.S. crude inventories at the Cushing delivery point and worries about a global economic slowdown weighed on markets.
Whole Foods Market Inc. said profit declined in its latest quarter as the natural-and-organic grocer continues to try to reinvigorate sales and manage costs.
Twitter shares dropped 12% Wednesday after the company beat expectations but reported flat user growth and reported a lower than expected guidance.
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