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U.S. markets news

Facebook Surges After Sending Upbeat Message to Wall Street
Facebook Inc.'s message for investors is clear: the business is healthy and growing. In its first-quarter earnings report, the social network said revenue jumped 49 percent, beating analysts' estimates, as the digital-advertising business charged ahead ...
Facebook execs are shrugging off concerns about the EU's tough privacy ...  Business Insider
Facebook admits it did not read the terms of the app that harvested data of ...  CNBC
Ford Plans $11.5 Billion in Extra Cuts, Kills Most US Cars
Ford Motor Co. is sharpening its knives to cleave another $11.5 billion from spending plans and cut several sedans, including the Fusion and Taurus, from its lineup to more quickly reach an elusive profit target.
Ford reports first-quarter earnings top estimates, plans to drop some slow ...  CNBC
Ford to stop selling every car in North America but the Mustang and Focus Active  TechCrunch
Tesla's Autopilot Ambitions Just Took Another Big Hit
Tesla has lost another key executive: Jim Keller, the chip-design superstar who was in charge of developing the electric car company's in-house artificial intelligence processor.
Tesla's Autopilot Hit With More Turmoil as Leader Departs for Intel  Wall Street Journal
6 Most Important Things in Business Today  24/7 Wall St.
Subway to close about 500 US restaurants, while opening 1000-plus overseas
Subway Restaurants is planning to shutter an estimated 500 locations in the U.S.. The Milford, Conn.-based chain wants to focus on better restaurant locations and boosting sales, according to Bloomberg.
Subway planning on closing 500 restaurants this year
Tax Cuts Give Ford's First-Quarter Profit a Boost
Ford Motor Company (NYSE:F) reported net income of $1.7 billion for the first quarter of 2018, up 9% from a year ago, an increase more than explained by a lower effective tax rate, the company said.
Ford deepens cost cuts even as earnings rise  Yahoo News
Ford Motor (F) Q1 2018 Results - Earnings Call Transcript  Seeking Alpha
Deutsche Bank's retreat; ECB meeting; Facebook soars
Christian Sewing, who has been CEO for less than a month, announced a major overhaul on Thursday that will see the bank scale back its operations in the United States and Asia and review its global equities business.
Deutsche Bank Abandons Wall Street Ambitions, and Focuses on Europe  New York Times
Deutsche Bank profit tumbles 79% amid big overhaul  MarketWatch
ECB expected to take confident tone despite slowing economy
FRANKFURT (Reuters) - The European Central Bank is set to keep policy unchanged at its monetary meeting on Thursday, playing down worries over recent softness in the euro zone economy and leaving the door open to ending its lavish bond purchase scheme ...
European markets rally amid earnings; ECB takes center stage; Neste surges 13%  CNBC
WSJ City: Deutsche Bank Announces Major Overhaul, Barclays Posts Loss ...  Wall Street Journal (blog)
The Consumer Complaints Database That Could Disappear From View
When a consumer has a complaint about a bank, whether it's dealing with a mortgage or a credit card, right now there's a place to lodge that complaint online.
CFPB's Mick Mulvaney gives lobbying advice to bankers, further ...  Los Angeles Times
Consumer Bureau Looks to End Public View of Complaints Database  New York Times
Qualcomm's Profit Tumbles as Royalty Disputes Continue
Qualcomm Inc. QCOM -0.38% said its profit plunged 52% from a year earlier as it dealt with a tangle of challenges, including Apple Inc. and Huawei Technologies Co.
Qualcomm comes under pressure on legal disputes  Financial Times
Qualcomm gains on earnings beat  CNBC
Husband of woman killed on Southwest flight: 'I immediately thought of the kids'
For Michael Riordan, it began with a phone call from the chaplain at a Philadelphia hospital. "(He) called and said, 'We need to speak with Mike Riordan who is married to Jennifer.
Husband of the Wells Fargo exec killed in Southwest flight remembers their ...  CNN
Southwest victim's husband says he hasn't 'been angry yet,' ...  AOL