NEW YORK (TheStreet) �� Amazon (AMZN) shares were plunging 11.8% to $316.22 this morning after the online retail giant reported its second-quarter earnings last night, with much higher losses than Wall Street had expected.
Rupert Murdoch's 21st Century Fox entered a deal Friday to sell all of its stake in Sky Italia and a majority stake in Sky Deutschland to BSkyB, raising more than $8 billion cash to fortress its rebuffed Time Warner bid.
NEW YORK (TheStreet) -- El Pollo Loco (LOCO) shares surged nearly 30% following its stock debut on the Nasdaq. The fast-casual chicken chain, which raised $107 million after pricing 7.14 million shares late Thursday at $15 a share, opened trading at $19.
German business confidence fell short of expectations Friday, weighing on German stocks as the report underscored worries that growth in Europe's largest economy is losing steam.
WASHINGTON (MarketWatch) - Orders for durable goods such as computers, aircraft and heavy machinery rose a solid 0.7% in June, but the details of the report suggest the rebound in business investment in the second quarter will not be as strong as ...