Business

Facebook ad revenue tops $10bn

Facebook ad revenue tops $10bn

Facebook said Wednesday that sales topped $10 billion in the third quarter, up almost 50% from the same quarter a year earlier, fueled by the continued strength of its advertising products. On its Messenger site, the chat app with at least 1.3 billion monthly users, the company is adding partnerships that let businesses talk directly with customers, with the goal of getting the consumers hooked on the app to plan their lives.


General Motors Company (NYSE:GM) Position Reduced by Skylands Capital LLC

General Motors Company (NYSE:GM) Position Reduced by Skylands Capital LLC

For auto traders, the third quarter was all about General Motors Company ( NYSE: GM ). Axa invested 0.03% in Ford Motor Company (NYSE:F). Swiss National Bank now owns 4,925,857 shares of the auto manufacturer's stock valued at $172,060,000 after acquiring an additional 56,500 shares in the last quarter.


Whiting Petroleum Corporation (WLL) Expected to Post Quarterly Sales of $385.36 Million

Whiting Petroleum Corporation (WLL) Expected to Post Quarterly Sales of $385.36 Million

The company is scheduled to announce its next quarterly earnings results on Tuesday, February 20th. For this year, Whiting Petroleum Corporation (NYSE: WLL ) is performing -51%. Analysts reported that the Price Target for Whiting Petroleum Corp. might touch $15 high while the Average Price Target and Low price Target is $7.62 and $3.6 respectively.


BIDU) — Baidu Inc (NASDAQ

BIDU) — Baidu Inc (NASDAQ

Share prices plunged 23.8% lower as of 10:30 a.m. EDT. The Dow Jones industrial average traded just 27 points higher after rising 140 points to a record. Frontier Communications Corporation (FTR ) opened at 12.11 on Wednesday. Geode Capital Management LLC raised its stake in Frontier Communications Corp.by 3.2% in the first quarter.



Fed leaves key rate unchanged but hints at future hikes

Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; Charles L. Evans; Patrick Harker; Robert S. Most policy makers, however, have stuck to quarterly projections updated in September that a third move this year is appropriate. It noted that a loss of U.S.jobs in September was directly related to disruptions from Hurricanes Harvey and Irma.


Estee Lauder Companies Inc (EL) Stock Surges on Q1 Beat, Outlook

Estee Lauder Companies Inc (EL) Stock Surges on Q1 Beat, Outlook

Sun Life Financial INC raised its stake in shares of Estee Lauder Companies, Inc . Acrospire Investment Management LLC now owns 1,148 shares of the company's stock worth $110,000 after purchasing an additional 1,100 shares during the period.