Earnings
Snap shares hit record low as user growth miss unnerves investors
Snap Inc's shares fell more than 14 percent to hit a record low on Friday morning after messaging app Snapchat's daily active user growth missed expectations for the second quarter in a row.
J.C. Penney hits record low on wider loss, retail gloom
J.C. Penney Co Inc's stock hit a life-low as sweeping store closures and a challenging retail environment drove the embattled department store chain to report a bigger-than-expected quarterly loss and took a toll on comparable sales. | Video
Venezuela's PDVSA oil revenue tumbles amid lower prices, production
CARACAS ( Reuters) - Venezuelan state oil company PDVSA's revenue from oil and fuel sales in 2016 dropped 34 percent from the previous year to $48.0 billion, the company said in its annual financial results published Friday night, hurt by lower production and oil prices.
Factbox: Amazon still a hot topic on earnings calls
NEW YORK As second-quarter earnings season winds down, Amazon.com Inc remains a hot topic on company conference calls.
Telus profit misses forecasts on spending to fuel wireless growth
TORONTO Telus Corp , one of Canada's biggest telecom companies, reported a smaller-than-expected profit on Friday, as it spent heavily to win and retain wireless customers by investing in customer service and subsidizing high-end smartphones.
Distillates to boost U.S. refiners' bottom line through year-end
NEW YORK U.S. refiners such as PBF Energy and Valero Energy are heading into the winter season on their best footing in years, as months of surprisingly robust distillate demand has eaten away at stubbornly high inventories and boosted margins.