Newspaper publisher McClatchy warns of ‘liquidity challenge’

2019-11-13

Shares of McClatchy Co. sank Wednesday, after the publisher of local newspapers warned that it faced a “liquidity challenge” next year following an unfavorable ruling associated with required contributions to its under-funded pension plan. McClatchy, whose publications include the “Miami Herald,” “The Kansas City Star” and “The Charlotte Observer,” alsoRead More →

Facebook’s big expense warnings lack bite these days

2019-10-31

After several similar doom-and-gloom warnings in the past, one analyst isn’t too bothered by Facebook Inc.’s latest talk of steep cost growth down the road. The company told investors in conjunction with its late-Wednesday earnings report that it expects $46 billion to $48 billion in total expenses for 2019, thoughRead More →

Facebook shares rise 4% after earnings beat estimates

2019-10-30

Shares of Facebook Inc. jumped 4% in after-hours trading Wednesday after the company announced third-quarter results that soundly beat analysts’ earnings estimates and topped revenue forecasts. The Menlo Park, Calif.-based company FB, -0.56% reported third-quarter net income of $6.09 billion, or $2.12 a share, in the quarter, compared with $5.14Read More →

Facebook’s Zuckerberg says he would ‘go to the mat’ over ‘existential’ threat to his business from Elizabeth Warren

2019-10-02

Facebook CEO Mark Zuckerberg says he would “go to the mat” and “fight” against Democratic presidential candidate Sen. Elizabeth Warren who has threatened to break up his social-media empire. Read: Billionaire investor on Elizabeth Warren as president: Market might not even open On Tuesday, The Verge published text and leakedRead More →