Facebook reported earnings and revenue that beat estimates in the second quarter, thanks to its robust mobile ad business.» Read More
Oil falls below $108 on supply build, Libya prospects. Wall Street initially slid after the U.S. Commerce Department said gross domestic product expanded at a 0.1 percent annual rate in the first quarter, the slowest pace since the fourth quarter of 2012..
*Exelon to buy Pepco Holdings, Pepco shares rally. *Twitter, EBay shares down a day after results. NEW YORK, April 30- U.S. stocks were little changed on Wednesday after data showed the economy grew at a sharply lower-than-expected pace in the first quarter, but gains in private payrolls kept the market near break-even.
Twitter CEO Dick Costolo tells CNBC the company remains on the right path and he's not worried about users finding new platforms.
CNBC's Carl Quintanilla speaks to Twitter CEO Dick Costolo, about user growth expectations. Costolo says the platform is already mainstream, it's just showing people the increased value they receive by using the service.
Wall Street has its eye on the Federal Reserve's meeting, but a slew of data is likely to have more influence on stocks Wednesday.
Dick Costolo, Twitter CEO, discusses his company's plans to engage new users and increase the value of each view. Also Costello explains why the company has no plans for a secondary offering.
Dick Costolo, Twitter CEO, discusses his company's plans for growth and design to sign up new users.
*Exelon to buy Pepco Holdings, Pepco shares rally. *Twitter, EBay shares down a day after results. *Twitter shares fell 11.5 percent premarket a day after it posted earnings that showed lackluster user and usage growth for the second consecutive quarter.
VADODARA, India, April 30- India's Hindu nationalist Narendra Modi looked triumphant after voting on Wednesday in the world's largest election, but the man tipped to be the next prime minister is still not assured of winning an outright majority.
*Exelon to buy Pepco Holdings. *Twitter, EBay shares down after results. *Twitter shares fell 13.8 percent premarket a day after it posted earnings that showed lackluster user and usage growth for the second consecutive quarter.
Some of the names on the move ahead of the open.
Anthony DiClemente, Nomura analyst, explains why he would not be a buyer of Twitter's stock right now, and weighs in on what the company needs to do to attract more users.
VADODARA, India, April 30- India's Hindu nationalist Narendra Modi looked triumphant after voting on Thursday in the seventh stage of the world's largest election, but the man tipped to be the next prime minister is still not assured of winning an outright majority.
Richard Windsor, founder of Radio Free Mobile, says the issue with Twitter is that its addressable market is much smaller than Facebook's and that it needs to start expanding out of micro-blogging.
CARACAS, April 29- President Nicolas Maduro announced on Monday a 30 percent increase in the minimum wage and pensions to protect Venezuelans from inflation nearing a 60 percent annual rate.
Bruno Del Ama, CEO of Global X Funds, says Twitter is doing well in monetizing its user base but continues to underperform when it comes to active user growth.
How the "Fast Money" traders are playing Twitter after the company's full-year guidance disappoints.
Jack Bouroudjian, Chief Investment Officer at Index Financial Partners, says Twitter's earnings disappointment is part of a "natural market rotation" from new tech to old tech stocks.
Benjamin Lawsky, superintendent of the New York state's Department of Financial Services, said, "I think... you will see results this summer" from a continuing investigation of consultants hired at the behest of regulators.
WASHINGTON, April 29- A top U.S. federal regulator said on Tuesday that it's going to "take a lot of work" before officials can be confident that Wall Street banks are not too complex to manage. He also said the Office of the Comptroller of the Currency is having an "active discussion" with big banks about how to simplify their legal structures.