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(MENAFN - AFP) Twitter's shares fell hard after its quarterly update showed more losses for the struggling social media platform, which has seen sluggish growth in revenues and active users.

Shares were down nearly 11 percent at $16.45 in Tuesday's after-hours trade following the report, which showed Twitter's loss narrowed to $107 million in the second quarter from $136 ...

 
(MENAFN - AFP) Officials at Nissan's US auto plant in Canton, Mississippi refused to meet Tuesday with a French legislator seeking information on workers' efforts to organize a union.

Christian Hutin, a member of France's National Assembly, was in Mississippi on a fact-finding mission on working conditions at Nissan, which is partly controlled by the French government via ...

 
(MENAFN - AFP) Twitter shares took a fresh hit Tuesday after its quarter update showing more losses, and sluggish growth in revenues and the user base of the social media platform.

Shares were down nine percent in after-hours trade after the report, which showed Twitter's loss narrowed to $107 million in the second quarter from $136 million a year earlier.

More significantly ...

 
(MENAFN - AFP) With iPhone sales and profits sliding, Apple on Tuesday sought to highlight its growth in services as it seeks to reduce dependence on its main cash driver.

In its quarterly update, Apple said profits slumped 27 percent from a year ago to $7.8 billion on a sharp drop in iPhone sales.

Apple sold 40.4 million iPhones in the quarter ending June 25, down ...

 
(MENAFN - AFP) Chinese tech giant LeEco led by billionaire Jia Yueting announced a deal Tuesday to buy US television manufacturer Vizio for $2 billion.

The deal expands the US presence for the company, formerly known as Letv, which operates a streaming television service, makes smartphones and other electronics, and has been working on research for autonomous cars.

"LeEco ...

 
(MENAFN - AFP) Air France said Tuesday a week-long strike from Wednesday by flight crews will see the carrier scrap 30 percent of domestic and medium-haul flights at the height of the busy holiday period.

Some 35 percent of flight attendants, who account for 13,600 of Air France's 50,000-strong workforce, are expected to join a stoppage which the airline said would affect ...

 
(MENAFN - AFP) Facing federal probes over its reporting of US car sales, Fiat Chrysler on Tuesday announced revised numbers showing its previously-touted six-year streak of monthly gains actually ended three years ago.

The company's US unit FCA US had previously celebrated a streak of monthly year-over-year sales gains going back to April 2010.

In revising its methodology ...

 
(MENAFN - AFP) The Tesla electric car driving in semi-autonomous mode when it crashed and killed its driver was speeding just ahead of impact with a tractor-trailer, a preliminary probe showed Tuesday.

The National Transportation Safety Board said its preliminary findings showed the Tesla was traveling at 74 miles (119 kilometers) per hour ahead of impact, but noted that ...

 
(MENAFN - AFP) Global stocks mostly treaded water Tuesday ahead of announcements by US and Japanese central banks this week that are expected to extend the loose monetary policies that have supported markets.

The Federal Reserve is widely expected to keep interest rates unchanged at the end of its two day meeting Wednesday. But its policy statement hint at whether investors ...

 
(MENAFN - AFP) The Frankfurt stock exchange Deutsche Boerse on Tuesday said its shareholders had backed a planned merger with the London Stock Exchange (LSE).

Earlier this month Deutsche Boerse lowered the threshold for shareholder support needed for the tie-up to 60 percent from 75 percent, removing a potential spanner in the works for the deal following Britain's vote to ...

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