Archive for July 26th, 2018

Facebook was on track Thursday to post the largest one-day market cap loss by any company in U.S. stock-market history after releasing a disastrous quarterly report.

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Facebook was on track Thursday to post the largest one-day market cap loss by any company in U.S. stock-market history after releasing a disastrous quarterly report.

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John Schnatter, the founder and ousted former chairman of Papa John's, on Thursday sued the pizzeria chain, complaining that the company had not provided adequate response to an earlier request for internal documents.

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They were fed up with Seattle’s home bidding wars.

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More companies are doing pay audits, which also carry risks for employers — raising potential questions about unfair pay practices in the past or budget pressures as they fix inequalities they discover.

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Thursday's plunge knocked roughly $120 billion in market value off the tech stock and dragged the rest of the sector lower.

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<p>Facebook's stock fell by 17 percent at the open Thursday over concerns about the impact of privacy issues on the social media company's business, with executives warning that revenue growth would slow and expenses would rise.</p><p></p>

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Investors are fleeing U.S. stocks at a rapid clip as the possibility of a protracted trade dispute between the world’s two largest economies pushes them to seek safety among less risky assets such as U.S. Treasurys.

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A Mega Millions lottery drawing determined on Tuesday that a winning ticket worth $522 million was sold in California.

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<p>The tech-heavy Nasdaq Composite and S&amp;P 500 opened lower on Thursday after a sharp decline in Facebook sent tech shares lower.</p>

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It felt so 2009.

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They were fed up with Seattle’s home bidding wars.

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The owner of the company behind chalky confections such as Necco Wafers and Sweethearts has unexpectedly shut down operations at its Massachusetts plant and hasn't said if candy production will resume.&nbsp;

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<p>Ford Motor Co on Wednesday lowered its full-year earnings forecast due to slumping sales and trade tariffs in China and its struggling business in Europe, and said ongoing plans to revamp its business could lead to pre-tax charges of up to $11 billion over the next three to five years.</p>

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