European Central Bank keeps its key interest rates, stimulus settings on hold
FRANKFURT, Germany (AP) — European Central Bank keeps its key interest rates, stimulus settings on hold.
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Morning Call: U.S. and European stocks are mixed; Sep E-mini S&Ps down -0.21% as a 23% drop in Facebook undercuts U.S. stock indexes; Euro Stoxx 50 up +0.56% at a 1-1/4 month high as automakers rally.
Overnight Markets and NewsSep E-mini S&Ps (ESU18 -0.17%) this morning are down -0.21% as technology stocks slide, led by a -23% plunge in Facebook in pre-market trading after the company reported fewer than expected daily...
Read MoreIndia to probe whether Cambridge Analytica used Indian data
NEW DELHI (AP) — India’s federal investigating agency will investigate whether personal data from Indian voters and Facebook users was compromised by political consultant Cambridge Analytica. The minister of electronics...
Read MoreNew Jersey attorney general responds to ‘turban man’ comment
TRENTON, N.J. (AP) — The nation’s first Sikh-American attorney general is responding after two New Jersey radio hosts repeatedly referred to him as “turban man.” Gurbir Grewal (gur-BEHR’ GRAY’-wahl)...
Read MoreNissan profits plunge on slumping sales, rising costs
TOKYO (AP) — Nissan Motor Co.’s profits plunged 14 percent in the latest quarter as U.S. and European sales fell sharply and raw material costs rose. Net profit in the April-June period fell to 115.8 billion yen ($1.05...
Read MoreMiami Beach: Hotels to give housekeepers panic buttons
MIAMI BEACH, Fla. (AP) — Housekeepers at Miami Beach hotels will soon be armed with panic buttons to help combat sexual assault. The city commission unanimously approved the safety measure Wednesday. It’s set to go into...
Read MoreNew York’s transit authority seeks 4-percent hike in fares
NEW YORK (AP) — The Metropolitan Transportation Authority is pushing forward with plans to increase fares next year. MTA Chairman Joe Lhota proposed two 4-percent fare hikes during a board meeting Wednesday, with one taking...
Read MoreNokia profit hit as clients wary of spending on new networks
HELSINKI (AP) — Nokia says its second-quarter earnings slumped as clients were not willing yet to increase spending on the faster but more expensive new generation of mobile networks and are seeking price cuts. The Finnish maker...
Read MoreLG Electronics’ net profit falls 43 percent on mobile loss
SEOUL, South Korea (AP) — LG Electronics said Thursday its second-quarter net profit dropped 43 percent as its mobile business logged a bigger loss, offsetting profit growth in TV sales. South Korean consumer electronics maker...
Read MoreChina denies Qualcomm delay linked to US tariff spat
BEIJING (AP) — China’s commerce ministry denied Thursday that its tariff dispute with Washington was the reason for a lengthy anti-monopoly review that prompted U.S. tech giant Qualcomm Inc. to drop its bid for NXP...
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