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Twitter shares nosedive after company reports no user growth in fourth quarter

Business / Business News /

Twitter shares nosedived in after-hours trading Wednesday after the microblogging platform reported no growth in users during the fourth quarter, a key metric for the company's outlook.

Shares fell as low as $13.31 after the closing bell. Prior to the earnings report, Twitter shares had closed up 4 percent to $14.98 apiece.

The company ...Read more

Whole Foods' earnings beat analyst forecasts, shares rise

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AUSTIN, Texas -- Austin-based Whole Foods Market beat on several Wall Street forecasts with its first-quarter earnings report Wednesday, boosting the retailer's stock in after-hours trading.

Whole Foods said it had record revenue for the quarter of $4.83 billion and earnings per share of 46 cents.

Thomson Reuters analysts had projected ...Read more

Time Warner hoping 'Batman v. Superman' can reverse Warner Bros. studio's recent slump

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LOS ANGELES -- Warner Bros. -- and all of Time Warner Inc. -- is hoping the caped crusaders will banish the studio's box office blues.

"Batman v. Superman: Dawn of Justice" arrives in theaters in late March, and Warner Bros. desperately needs some heroes. Hollywood's largest movie and TV studio's theatrical woes put a drag on the financial ...Read more

Job cuts planned at Boeing

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SEATTLE -- Fierce competitive pressure is forcing Boeing Commercial Airplanes into a new cost-cutting push that will include eliminating jobs, BCA Chief Executive Ray Conner announced at a senior leadership meeting Wednesday morning and in a webcast to all employees.

No details were given on the timing or scale of the job cuts, but the tone of ...Read more

Can US businesses help India's chaotic cities become 'smart'?

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MUMBAI, India -- Among his many ambitious ideas, Indian Prime Minister Narendra Modi wants to modernize his country's pell-mell cities and improve its sometimes frosty ties with the United States.

Modi's plan to build 100 "smart cities" nationwide brings the initiatives together, with the goal of using technology from the U.S. and around the ...Read more

Yellen indicates Fed could delay interest rate hikes

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WASHINGTON -- Federal Reserve Chair Janet Yellen said Wednesday that risks are rising for the U.S. economy and indicated central bank policymakers could delay expected interest rate hikes if incoming data show problems increasing.

In her first public comments since mid-December, Yellen said in prepared remarks for a much-anticipated House ...Read more

Staples receives European approval to acquire Office Depot

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FORT LAUDERDALE, Fla. -- Staples has received European Union approval to acquire Office Depot, which is headquartered in Boca Raton.

The European Union approved the transaction on the condition that Staples divest Office Depot's commercial contract business and all of Office Depot's operations in Sweden. Staples agreed to the terms and also ...Read more

Google's artificial intelligence could count as a car's driver, federal regulator says

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Google Inc.'s self-driving system, controlled by artificial intelligence, could be considered a car's driver, according to the National Highway Traffic Safety Administration.

In a letter posted on NHTSA's website, the agency responded to Google's request for interpretation of several federal safety standards as they apply to the tech giant's ...Read more

Nissan operating profit jumps 23 percent on robust US sales

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TOKYO -- Nissan Motor said Wednesday its operating profit in the October-to-December period rose 23.5 percent from a year earlier to $1.68 billion (192.6 billion yen) as strong U.S. sales offset weak performances in other markets.

Japan's second-largest carmaker by volume also booked a net profit of 127.2 billion yen for the quarter, up 25 ...Read more

Bush, Rubio lure tech-geek giving; Google, Apple dollars back Democrats

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SEATTLE -- Engineers and other staffers at some of Silicon Valley's biggest technology companies are leaning more Republican than you might think.

As the presidential race got rolling last year, employees from Intel Corp., Yahoo Inc., Oracle Corp. and Cisco Systems Inc. gave most dollars to Republican candidates and their party. The reverse was...Read more

Tijuana feels peso's slide

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TIJUANA, Mexico -- From the cuts of meat served in the Argentine-style parrilladas, to the cherry tomatoes in the salads, many of the ingredients at the Cheripan restaurant in Tijuana's gastronomic district come from San Diego.

For owner Juan Carlos Eguiluz, this poses a challenge. The Mexican peso has lost more than 20 percent of its value ...Read more

Meet the attorney suing Uber, Lyft, GrubHub and a dozen California tech firms

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SAN FRANCISCO -- Shannon Liss-Riordan made a name for herself defending workers against FedEx, American Airlines and Starbucks in wage and hour lawsuits.

If you're a business executive and she's knocking at your door, it probably means your company has been accused of doing something few Americans have much tolerance for: ripping off the little...Read more

Tech Q&A: Turning off a tablet frequently is just fine

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Q: I was recently told that it will harm my tablet computer if I power it down after every use. Is that true, and, if so, why?

-- Mike Segelstrom, Oak Park, Minn.

A: No, it's not true. Most people don't power down their tablets because it's unnecessary, not because they're worried about damaging the device. Tablets are designed to run ...Read more

Troy Wolverton: Battle for net neutrality isn't over

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If you thought the fight over net neutrality ended when the Federal Communications Commission issued its strong new "Open Internet" rules last year, think again.

The new rules are under attack. Internet providers are challenging them in the courts and are trying to evade them with new kinds of business plans. Even if they survive the legal ...Read more

Why emojis are a no-brainer for digital communication

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SAN FRANCISCO -- When the Oxford English Dictionary declared an emoji its 2015 word of the year, it was a bit of a head-scratcher.

The emoji it singled out -- an image of a laughing yellow face crying tears of joy -- did not fit most people's definition of a word. To some, it was even less of a word than shortlisted nominee "lumbersexual" (a ...Read more

The cloud can't kill demand for computers as big as a fridge

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SEATTLE -- For PGS, an oil-imaging company in Oslo, Norway, finding pockets of oil and natural gas in the ground essentially starts by taking a large ultrasound picture of Earth.

"It involves huge amounts of data," said Guillaume Cambois, PGS' executive vice president of imaging and engineering. "And, of course, time is of the essence."

PGS, ...Read more

Gail MarksJarvis: Dividend increases likely to slow in 2016

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Saved by the bell. Or make that dividends.

If you ever wondered if dividends matter, 2015 shows clearly that the extra cash dividends provide help investors.

Without counting dividends, investing in the stock market through the Standard & Poor's 500-stock index would have lost about 0.73 percent last year. But many companies pay dividends. And...Read more

Monsanto to pay $80 million civil penalty for Roundup-related accounting violations

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ST. LOUIS -- The Securities and Exchange Commission slapped Monsanto with an $80 million civil penalty for violating accounting rules and misstating past earnings related to rebates on its flagship weedkiller Roundup. Two accounting executives and a retired sales executive also agreed to pay penalties to settle the charges.

And while the SEC ...Read more

Walgreens rolls out drug disposal kiosks at 500 stores

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CHICAGO -- Walgreens is installing medication disposal kiosks in more than 500 drugstores across the U.S. in an effort to combat prescription drug abuse.

The initiative, announced Tuesday, will allow for the safe disposal of unwanted and expired medications, including opioids and other controlled substances, ensuring the drugs are not misused. ...Read more

Walt Disney Co. posts record quarterly profit on success of 'Star Wars'

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LOS ANGELES -- Luke and Leia and crew led the Walt Disney Co. to a record profit in its fiscal first quarter.

The Los Angeles-area company reported net income of $2.88 billion in the first quarter that ended Jan. 2. That was a 32 percent increase over the same period a year earlier. Revenue rose 14 percent to $15.2 billion.

The blockbuster "...Read more