BUSINESS NEWS - Last Generation Network News - Thursday May 4th 2017

BUSINESS NEWS - Last Generation Network News - Thursday May 4th 2017

Tesla's Explosive Stock Price Now Deserves to Crash Hard

TheStreet.com - ‎22 minutes ago‎
Any sane investor listening to Tesla's (TSLA) earnings call on Wednesday evening had to be like "huh, this is why I have been buying the stock like a mad person over the past three months.

Morning Agenda: Puerto Rico Declares a Form of Bankruptcy

New York Times - ‎2 hours ago‎
Protesting austerity measures, in San Juan, P.R., on Monday. The island has about $123 billion in debt and pension obligations. Credit Alvin Baez/Reuters.

American Airlines to squeeze seats closer together on new planes

Los Angeles Times - ‎15 hours ago‎
A day after airline executives went before lawmakers to defend their customer service, American Airlines confirmed Wednesday it will shrink the distance between economy seats in some new planes - but don't accuse the carrier of cutting legroom.

Facebook Hits Its Targets - and Then Some

TheStreet.com - ‎1 hour ago‎
Facebook (FB) reported a top- and bottom-line beat with its first-quarter earnings report after Wednesday's closing bell, delivering on what had become very high expectations even as the company had consistently pointed toward 2017 as an investment ...

Amtrak to meet with LIRR, NJT over Penn Station repair plan

Newsday - ‎2 hours ago‎
An Amtrak train got stuck outside of Penn Station on April 25, 2017. Above, an Amtrak train is seen in February 2011. Photo Credit: Getty Images / Spencer Platt.

Metals Drag Asian Stocks Lower, With South Korea Bucking Trend

Bloomberg - ‎2 hours ago‎
Metals weighed on Asian stocks Thursday even after the U.S. Federal Reserve seemed unfazed about slower first-quarter growth in the world's largest economy.

New York Times adds 308000 digital subscription in 1Q

Washington Post - ‎20 hours ago‎
NEW YORK - The New York Times added a record number of digital subscribers last quarter, exciting investors who pushed the stock to an 11 percent gain in morning trading.

Fed Sticks to Gradual Rate-Hike Approach Despite Slowdown

Bloomberg - ‎14 hours ago‎
U.S. central bankers stuck to their outlook for gradual monetary-policy tightening after they left interest rates unchanged and showed no alarm over recent economic weakness.

Chesapeake Energy's stock surges after profit beat, upbeat production outlook

MarketWatch - ‎54 minutes ago‎
Shares of Chesapeake Energy Corp. CHK, +4.14% surged 5.1% in premarket trade Thursday, after the oil and natural gas exploration company reported swung to a first-quarter profit that beat expectations.

Shell Pumps a Torrent of Cash as Takeover, Cost Cuts Pay Off

Bloomberg - ‎3 hours ago‎
Royal Dutch Shell Plc showed it has adapted to a world of lower oil prices, generating a surge in cash that allowed it to pay dividends while reducing debt.

Euro-Area Growth Gathers Speed as Top Three Economies Converge

Bloomberg - ‎2 hours ago‎
Activity in euro-area manufacturing and services accelerated more than initially estimated as growth in the region's three largest economies converged.

United Air to face second congressional grilling at Senate hearing

Reuters - ‎2 hours ago‎
FILE PHOTO - A United Airlines Boeing 787 taxis as a United Airlines Boeing 767 lands at San Francisco International Airport, San Francisco, California, U.S.

Oil eases, near weakest since late March on small US stocks decline

Reuters - ‎11 hours ago‎
FILE PHOTO: Pump jacks are silhouetted against the rising sun on an oilfield in Baku, Azerbaijan, January 24, 2013. REUTERS/David Mdzinarishvili/File Photo.

China's Economy Shaping Up for Positive 2018, Rio Tinto Says

Bloomberg - ‎7 hours ago‎
Latest indicators on China's economy point to continued growth through 2018, according to mining giant Rio Tinto Group, which counts the world's No.

HSBC posts surprise capital boost but rules out dividend hike, buybacks

Reuters - ‎2 hours ago‎
FILE PHOTO: HSBC headquarters building is seen in Pudong financial district in Shanghai December 8, 2010. REUTERS/Carlos Barria/File Photo.

Weak safety standards led to Exxon refinery blast: US agency

Reuters - ‎16 hours ago‎
FILE PHOTO: Refinery units are heavily damaged after an explosion at the Exxon-Mobil refinery in Torrance, California, February 18, 2015.

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