News

Financial Performance

Beyond Meat Sales Go Beyond Estimates in Q1

The company says its first earnings report since going public demonstrates "mainstream consumers' desire for plant-based meat products."
Credit & Capital

ECB Leaves Rates Unchanged, Hints at Easing

Amid "pervasive uncertainty" over trade, "the ECB and the U.S. Federal Reserve appear to have given up on plans to tighten [monetary] policy."
Banking & Capital Markets

FCA Breaks Off Possible Renault Merger

The company withdrew its offer citing political conditions in France.
The Cloud

Google to Acquire Looker Data Sciences for $2.6B Cash

The deal will boost the company’s cloud-computing capabilities.
Fraud

SEC Charges Longfin CEO With Accounting Fraud

Venkata Meenavalli, who was previously accused of illegal stock distribution, is now also facing charges that he falsified nearly 90% of Longfin's revenue.
Regulation

SEC Sues App Developer Kik Over $100M ICO

"The securities laws should not be applied to a currency used by millions of people in dozens of apps," Kik responds.
Auditing

PwC to Restructure U.K. Audit Practice

Amid growing pressure from regulators, the firm announced plans for a significant transformation of its audit business.
Financial Performance

Campbell Soup Tops Q3 Earnings Estimate and Lifts 2019 Outlook

Snack sales from the company’s purchase of Snyder’s-Lance is credited for the boom.
Financial Performance

GameStop Shares Drop 29% After Dividend Halt

The video game retailer will save about $157 million a year by eliminating the dividend as it struggles with shrinking profits.
The Economy

U.S. Factory Orders Decline 0.8% in April

“We expect further bumps along the road for manufacturing as a slowing global economy and escalating tariffs on major U.S. trading partners pose headwinds."
Data Security

Hack Exposes Data of Quest Diagnostics Patients

The lab testing giant says a hacker gained access to personal data of about 11.9 million patients that it had provided to a billing collection service.
Banking & Capital Markets

Flower Delivery Service FTD Files Bankruptcy

The company says its finances have wilted as the expected benefits from its $430 million acquisition of ProFlowers have not materialized.
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