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  • 10/19/2017 18:18:45

    Ford-backed commuter shuttle service Chariot suspended in San Francisco

    Chariot, a Ford Motor Co. -backed commuter shuttle service has been suspended by the California Public Utilities Commission after it failed three successive California Highway Patrol inspections, a spokesman told MarketWatch. "The CPUC has a responsibility to suspend a carrier's operating permit for failure to maintain a vehicle in safe operating mode, other violations related to transportation safety, and/or failure to comply with the DMV's employee Pull Notice Program," the spokesman wrote in an email. Chariot customers in San Francisco tweeted screenshots of an email from the company informing them of the service suspension shortly before the evening commute. The CPUC's decision affects the San Francisco Bay Area, but Chariot also operates in Seattle, Austin, Texas and New York, according to its website. A spokeswoman declined to answer questions about the safety violations and said in an emailed statement that the company disagrees with the CPUC order and that Chariot is in "full compliance" with regulations. "Chariot is committed to providing our customers with safe and reliable service," the spokeswoman wrote. "We also are committed to complying with government orders even when we disagree and using appropriate legal processes to resolve them as expeditiously as possible." Ford did not return a request for comment.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/19/2017 13:49:10

    Subscription clothing service Stitch Fix files for IPO

    Stitch Fix Inc. , a subscription-clothing service startup, filed for an initial public offering Thursday that could test investors' appetite for subscription models after a tough first few months for Blue Apron Holdings Inc. In its filing with the Securities and Exchange Commission, Stitch Fix said it was targeting $100 million in proceeds, but that is typically a placeholder figure that will be replaced on subsequent filings. The company, which claims it is "reinventing the shopping experience by delivering one-to-one personalization to our clients through the combination of data science and human judgment," intends to list under the ticker symbol SFIX on the Nasdaq exchange. Financial information shared in the filing show very strong revenue gains, from net revenue of $73.2 million in its 2014 fiscal year to $342.8 million in 2015, $730.3 million in 2016 and $977.1 million in the 2017 fiscal year, which ended July 31. Stitch Fix turned a profit in its 2015 and 2016 fiscal years, $20.9 million and $33.2 million in net income respectively, but slipped back to a loss of less than $600,000 last year. Goldman Sachs and J.P. Morgan will lead the offering, which will offer shares with lesser voting rights than those held by early investors and executives.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/19/2017 09:48:00

    Lyft says Alphabet leads latest $1 billion round of funding

    Uber rival Lyft said on Thursday Capital G, the growth investment fund of Google parent company Alphabet Inc, led a $1 billion round of financing, boosting the valuation of the ride-hailing service to $11 billion.

  • 10/19/2017 09:25:01

    Lyft raises another $1 billion in funding led by Google parent Alphabet's CapitalG

    Ride-sharing service Lyft said Thursday it has raised another $1 billion in funding in a round led by Google parent Alphabet Inc.'s CapitalG, the company said in a blog post. CapitalG Partner David Lawee is joining the Lyft board as part of the deal, which has given Lyft a valuation of $11 billion. The Uber rival said its service is now available to 95% of the U.S. population, up sharply from 54% at the start of the year. Uber's latest valuation is $68 billion, according to The Wall Street Journal's Billion Dollar club. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/18/2017 16:06:32

    Rail operator CSX reduces locomotives in maintenance program

    (Reuters) - CSX Corp , the No. 3 U.S. railroad operator, will slash the number of locomotives served by a long-term maintenance agreement, a move that cuts service bills under the agreement by some $3.3 billion, company filings showed on Wednesday.

  • 10/18/2017 12:16:42

    Nielsen shares gain more than 4% after company announces new Netflix ratings service

    Nielsen Holdings shares were up 4.4% during intraday trade on Wednesday after the data and analytics company said it is adding a service for its media clients that will give TV networks deeper insights into viewership on streaming platform Netflix Inc. . With Nielsen's new ratings service networks will know how many people watch their shows on Netflix and how many people are watching their rivals' shows. The industry has been clamoring for such insight into Netflix viewing, which the streamer notoriously keeps close to the vest. Eight networks, including Disney/ABC TV Group , NBCUniversal and Warner Bros. [s:TWX] have already signed up for the service. According to media reports, however, Netflix says the data Nielsen is reporting is not accurate and doesn't include streaming overseas, or on mobile devices. Shares of Nielsen are down less than 1% in the year to date, while the Dow Jones Industrial Average is up more than 16% and the S&P 500 index is up close to 15%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/17/2017 10:09:40

    GM Financial Supports Growth With New Texas Service Center

    General Motors Financial Co. is hosting a grand opening event on Thursday for its San Antonio service center, which will house up to 700 new jobs in the region, the company announced in a press release. The 100,000-square-foot facility has already added 200 jobs in the area, joining the otherRead More

  • 10/11/2017 15:44:53

    AT&T warns of lower Q3 revenue, profit on hurricanes, Mexican earthquakes

    AT&T Inc. late Wednesday warned investors to expect lower third-quarter revenue and profit after several "devastating hurricanes, as well as earthquakes in Mexico, significantly impacted certain regions of our service area during the third quarter," the company said in a filing. Damage to the company's network and other property, costs to restore services, and revenue declines from waived charges will decrease third-quarter revenue nearly $90 million, and pre-tax earnings about $210 million, or 2 cents a share, AT&T said. "We expect further reductions in the fourth quarter as we continue to assess damage to our network and fully restore service," it said. The company reiterated its full-year 2017 guidance of mid-single-digit adjusted earnings growth, adjusted consolidated operating margin expansion, capital expenditures in the $22 billion range, and free cash flow at the low end of the $18 billion range. The company also said it expects to report a net decline in total video subscribers, thanks to "heightened competition in traditional pay TV markets and over-the-top services, hurricanes and our stricter credit standards." Shares of AT&T fell 0.2% after hours, and ended the regular session down 0.8%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/11/2017 14:20:43

    BRIEF-ZTO Express increases delivery service prices

    * Says it is implementing certain increases in prices of its delivery services, effective October 10, 2017​ Source text for Eikon: Further company coverage:

  • 10/11/2017 13:51:11

    Moody's downgrades Puerto Rico's bonds further into junk

    Moody's Investors Service on Wednesday downgraded Puerto Rico's general-obligation bonds further into "junk" territory, to Ca from Caa3, "in view of the protracted economic and revenue disruptions" caused by Hurricane Maria this year and likely well into 2018. "The weaker trajectory will undercut the government's ability to repay its debt," Moody's said in a statement. Maria hit the island on Sept. 20, causing more than 40 deaths and widespread destruction. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/11/2017 11:17:39

    CSX CEO apologizes for problems, customers demand improvement

    (Reuters) - CSX Corp's chief executive apologized on Wednesday for lengthy service disruptions as some major customers said the No. 3 U.S. railroad needs to improve its operations and outline plans for network upgrades.

  • 10/10/2017 19:24:44

    Dropbox signs huge lease for San Francisco expansion: report

    Data-sharing service Dropbox Inc. will have a new office building all to itself after signing the largest lease in San Francisco history, the San Francisco Chronicle reported Tuesday. Dropbox will lease all 736,000 square feet in a new building under construction in the city's Mission Bay neighborhood, the Chronicle reported. The new office space will be about four times bigger than Dropox's current San Francisco headquarters, possibly signalling a sizable boost to its workforce, which currently has 1,500 employees. Dropbox has been valued at around $10 billion, and rumors of a massive IPO have been percolating for years. In June, Reuters reported Dropbox was seeking underwriters for an IPO planned for later this year. The company is expected to start moving into its new building in late 2018.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/10/2017 11:24:16

    Amazon working on delivery in car trunks and in customer homes: CNBC

    Amazon.com Inc. is in talks with Phrame, a smart-license-plate maker, to allow orders to be delivered to the trunk of a customer's car, according to a CNBC report. Phrame offers a product that will hold a car owner's keys in a secure box around a license plate. Using a smartphone to open the box, users can gain access to the keys. Amazon tested in-truck delivery in Germany in 2015. Amazon is also developing a "smart doorbell device" to allow delivery drivers access to a customer's home for package drop-off, CNBC says. Wal-Mart Stores Inc. announced late last month that it's testing a system to deliver items directly into people's homes. And Wal-Mart has recently purchased Parcel, a delivery service for the New York City area. Amazon shares are up more than 32% for the year so far while the S&P 500 index is up nearly 14% and the Dow Jones Industrial Average is up 15.2% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/09/2017 14:30:33

    BRIEF-UPS and the International Brotherhood Of Teamsters begin contract negotiations

    United Parcel Service Inc(UPS). * UPS and the International Brotherhood Of Teamsters begin contract negotiations. * UPS - ‍confirmed contract talks with International Brotherhood Of Teamsters have begun on new collective bargaining agreements​ Source text for Eikon: Further company coverage:

  • 10/09/2017 12:14:54

    BRIEF-‍GULFSTREAM AEROSPACE SAYS G600'S ANTICIPATED CERTIFICATION, SERVICE ENTRY ARE SLATED FOR 2018​

    Gulfstream Aerospace Corp: * GULFSTREAM EXCEEDS G500 AND G600 PLANNED PERFORMANCE. * ‍GULFSTREAM AEROSPACE CORP - G600'S ANTICIPATED CERTIFICATION AND SERVICE ENTRY ARE SLATED FOR 2018​. * GULFSTREAM AEROSPACE - G500 CERTIFICATION INCLUDES ADDITIONAL TESTING AND IS ANTICIPATED IN EARLY 2018​ Source text for Eikon: Further company coverage:

  • 10/09/2017 00:03:40

    Uber suspends unlicensed service in Norway in change of tack

    (Reuters) - Uber said on Monday it would suspend its unlicensed service UberPOP in Oslo until Norway introduces new rules, as the U.S. ride-hailing app adopts a more conciliatory tone with national authorities.

  • 10/05/2017 22:39:16

    Exclusive: SEC's corporate filing system vulnerable to denial of service attacks - memo

    (Reuters) - The U.S. Securities and Exchange Commission (SEC), Wall Street's top regulator, has discovered a vulnerability in its corporate filing database that could cause the system to collapse, according to an internal document seen by Reuters.

  • 10/05/2017 15:37:56

    Constellation Brands and Biogen rise; Navient plunges

    Constellation Brands and Biogen climb while Navient and United Parcel Service skid

  • 10/05/2017 07:37:45

    S&P 500 set to log longest streak of records in 20 years as stock market opens at all-time highs

    U.S. stock benchmarks opened modestly higher on Thursday, but enough to book fresh records, as investors bought technology stocks, as investors pored over speeches from several Federal Reserve officials and a key employment report on Friday. The Dow Jones Industrial Average traded flat at 22,657, the S&P 500 index advanced 0.1% at 2,540. If the broad-market benchmark finishes with a record on Thursday it will market its longest string of all-time high closes, six consecutively, since 1997, according to WSJ Market Data Group. Philadelphia Fed President Patrick Harker said he is expecting on additional rate hike in December, during a speech in Austin. Meanwhile, the Nasdaq Composite Index enjoyed the best opening bump, up 0.4% at 6,563. In corporate news, United Parcel Service Inc. fell 2.3%, while FedEx Corp. was down after Bloomberg reported that Amazon.com Inc. was testing a new delivery service. On Friday, the market will assess the Labor Department's nonfarm-payrolls report.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/05/2017 06:32:01

    UPS, FedEx stocks fall after report of Amazon testing new delivery service

    Shares of United Parcel Service Inc. dropped 2.3% and of FedEx Corp. shed 2.0% in premarket trade Thursday, after Bloomberg reported that Amazon.com Inc. was testing a new delivery service. The report, which cited people familiar with the plan, said Amazon is looking to make more products available for free two-day delivery and to relieve overcrowding in its warehouses. The service, a project Amazon is calling Seller Flex, has begun on a trial basis in the West Coast and is expected to have a broader rollout in 2018, the report said. As part of the service, Amazon will oversee pickup of packages from warehouses of third-party merchants and delivery to customers, the report said, which is currently handled by UPS and FedEx. While those couriers will still be used, Amazon will decide how a package is sent rather than leave that to the merchant, the report said. Amazon's stock gained 0.5% in premarket trade. Year to date through Wednesday, shares of UPS has gained 3.8% and FedEx has run up 19%, while the Dow Jones Transportation Average has tacked on 9.7% and the Dow Jones Industrial Average has advanced 14.7%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/04/2017 14:09:52

    Stocks see another record close as S&P 500 win streak hits 7 days

    Stocks saw a modest rise Wednesday, with major benchmarks notching the latest in a series of record finishes after a round of strong economic data. The S&P 500 rose 0.1% to end near 2,537.74, while the Nasdaq Composite eked out a gain of less than 0.1% to finish around 6,534.63. The Dow industrials rose by around 20 points, or 0.1%, to finish near 22,662. Stocks rose after a positive reading on U.S. service sector activity in the Institute for Supply Management's nonmanufacturing index.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/04/2017 06:14:30

    UK service sector recovers from 11-month low

    The sector picked up slightly in September, but UK economic growth is still "subdued", a survey says.

  • 10/03/2017 14:47:44

    Uber CEO tackles challenges with board battle, London regulator

    SAN FRANCISCO (Reuters) - Uber Technologies Inc Chief Executive Dara Khosrowshahi, little more than a month on the job, on Tuesday addresses two big challenges - London's threat to ban the ride-hailing service and a board battle over the influence of co-founder Travis Kalanick and investment by Japan's SoftBank.

  • 10/03/2017 14:18:16

    BRIEF-Trican Well Service Ltd: Robert Skilnick appointed CFO

    * Trican Well Service Ltd. announces executive management changes

  • 10/03/2017 07:44:33

    Ford U.S. sales up 8.7% to 222,248 units

    Ford Motor Co. said Tuesday U.S. car sales rose 8.7% in September to 222,248 units. Retail sales rose 4.4% to 169,544 units, while fleet sales jumped 25.1% to 52,704 units. "We're pleased to say recovery in Houston and Florida is moving quickly, with all of our dealers in the area now back up," Mark LaNeve, vice president, U.S. marketing, sales and service said in a statement. Ford shares rose 1.6% in early trade, and are up 1.3% for 2017, while the S&P 500 has gained 13%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/02/2017 18:59:50

    CORRECTED-UPDATE 2-Puerto Ricans desperate for cell service turn to Mexican carrier

    FAJARDO, Puerto Rico, Oct 2 (Reuters) - Puerto Ricans exasperated by the patchy U.S. relief response to their hurricane-blasted island are turning to a Mexican billionaire's mobile phone network they say has been faster to restore service.

  • 10/02/2017 16:52:09

    UPDATE 2-Puerto Ricans desperate for cell service turn to Mexican carrier

    FAJARDO, Puerto Rico, Oct 2 (Reuters) - Puerto Ricans exasperated by the patchy U.S. relief response to their hurricane-blasted island are turning to a Mexican billionaire's mobile phone network they say has been faster to restore service.

  • 10/02/2017 12:20:43

    BRIEF-Construction underway on New FirstEnergy transmission line in Western Pennsylvania

    * Says co, units ‍are rebuilding and modernizing electric transmission line to enhance service reliability for west penn power and penn power customers

  • 10/02/2017 09:47:01

    Puerto Ricans desperate for cell service turn to Mexican carrier

    FAJARDO, Puerto Rico, Oct 2 (Reuters) - Puerto Ricans exasperated by the patchy U.S. relief response to their hurricane-blasted island are turning to a Mexican billionaire's mobile phone network they say has been faster to restore service.

  • 10/01/2017 16:00:12

    UPDATE 1-Disney, Altice reach deal that avoids ESPN blackout

    LOS ANGELES, Oct 1 (Reuters) - Walt Disney Co and cable operator Altice USA reached a tentative programming deal that keeps ESPN and other channels on the Optimum cable service as the two sides finalize details, the companies said in a statement on Sunday.

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