Last night Twitter reported numbers that came in ahead of Street expectations on some fronts and not so on others. The company reported that in the quarter average monthly users were at 304 million, up only 2 million sequentially.
LONDON European equities advanced on Wednesday, spurred by strong corporate earnings and gains in U.S. and Asian markets on hopes that Beijing could stem the rout in its markets without damage to the world's second biggest economy.
LONDON, July 29 Barclays needs to cut back in countries where it lacks scale or strength and must cut bureaucracy to deliver on plans to turn the British bank around, its new chairman said on Wednesday.
Solvay, the Belgian chemicals group, is to buy US rival Cytec in a $6.4bn deal that will create the second-biggest company in the market for the composite materials used in aeroplanes.
General Motors Co. is banking on a line of new locally produced Chevrolet models to arrest a decline in its sales in India. The company will invest $1 billion in Chevrolet in India and roll out 10 new models in the next five years, GM said in a statement.