Asia Markets: Asian markets mixed as drop in oil prices weighs on energy stocks

Asia Markets: Asian markets mixed as drop in oil prices weighs on energy stocks
Asian stocks markets were mixed in early trading Thursday after muted moves in the U.S. and Europe overnight. The Nikkei started lower, hampered by a further uptick for the yen, but Chinese stocks advanced despite rising trade tensions. As Japanese stocks lagged amid fresh U.S.-China trade concerns and a stronger yen, the dollar USDJPY, -0.13%  fell to session lows of... Read More

The Wall Street Journal: Rite Aid, Albertsons scrap their $24 billion merger

The Wall Street Journal: Rite Aid, Albertsons scrap their $24 billion merger
Rite Aid Corp. and Albertsons Cos. have called off their planned merger, a surprise decision in the face of mounting concern from investors. The retailers said late Wednesday they mutually agreed to remain separate. They canceled a shareholder meeting on the deal planned for Thursday. The deal was valued at $24 billion including debt when it was announced in February.... Read More

The Margin: Is Jack in the Box’s new ad really offensive or are people just busting his bowls?

The Margin: Is Jack in the Box’s new ad really offensive or are people just busting his bowls?
AdWeek creative editor David Griner recently slammed Jack in the Box’s new commercial as “one of the most tone-deaf ads of the #MeToo era.” Then again, someone on Twitter says she can’t wait to get her hands on Jack’s bowls. So what is it: insensitive and offensive, or clever and funny? The ad is reminiscent of the classic “Schweddy Balls”... Read More

MarketWatch First Take: Yelp sees welcome boost in new accounts, but inconsistency lurks ahead

MarketWatch First Take: Yelp sees welcome boost in new accounts, but inconsistency lurks ahead
Yelp Inc. saw a big jump in new accounts, helping its second-quarter ad revenue, thanks to its switch offering customers no-term ad deals, but the move also makes for more inconsistent revenue predictions. On Wednesday, Yelp YELP, -1.27%  reported a better-than-expected second quarter, with a nearly 12% gain in total revenue, and raised its guidance for the third quarter as... Read More

Earnings Results: Roku stock jumps 8% after unexpected second-quarter profits, new streaming web channel

Earnings Results: Roku stock jumps 8% after unexpected second-quarter profits, new streaming web channel
Roku Inc. stock shot up in the extended session Wednesday after the company reported surprise profits, a top-line beat and launched its free streaming channel on the web. The streaming-video company reported a modest profit of $526,000, which amounts to zero cents a share, narrowing from losses of $15.5 million in the same quarter last year. Revenue climbed 57% to... Read More

The Wall Street Journal: SEC questions Tesla over Elon Musk’s tweets to take the company private

The Wall Street Journal: SEC questions Tesla over Elon Musk’s tweets to take the company private
WASHINGTON — Securities regulators have inquired with Tesla Inc. about Chief Executive Elon Musk’s surprise announcement that he may take the company private and whether his claim was factual, people familiar with the matter said. The Securities and Exchange Commission has asked whether Musk’s unusual announcement on Tuesday was factual, the people said. The regulator also asked Tesla TSLA, -2.43%... Read More

The Wall Street Journal: Saudi fund managers ordered to liquidate their Canadian assets as feud escalates

The Wall Street Journal: Saudi fund managers ordered to liquidate their Canadian assets as feud escalates
Saudi Arabia’s central bank has instructed its fund managers to sell off their Canadian holdings, three people familiar with the matter said, the latest move in a widening diplomatic row that has also hit trade between the two countries as well as Saudi students studying abroad. The Saudi decision to liquidate Canadian financial assets is poised to affect hundreds of... Read More

The Wall Street Journal: Court approves Toys ‘R’ Us settlement with creditors and lenders

The Wall Street Journal: Court approves Toys ‘R’ Us settlement with creditors and lenders
A compromise among Toys “R” Us Inc., its lenders and creditors has won court approval, making way for creditors to receive at least 22 cents on the dollar. The settlement will shield the lenders from future litigation while boosting the recoveries of administrative claims holders, which includes vendors and other creditors owed about $800 million. Judge Keith Phillips of the... Read More