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Facebook projects greater costs, slowdown in ad sales

  Bloomberg Facebook Inc. reported a quarter that blew past expectations. But its shares fell after executives suggested they won’t be able to repeat the performance. The stock dropped as much as 7.1 percent on Thursday in premarket trading after two sobering comments on its conference call the night before. First, Chief Financial Officer David Wehner said revenue growth rates ...

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Court deals blow to UK government’s Brexit plans

  AFP The High Court struck a blow on Thursday to the British government’s plans for leaving the EU, ruling it must seek parliament’s approval before starting exit talks in a landmark judgement that could delay Brexit. Three senior judges said Prime Minister Theresa May’s government does not have the power on its own to trigger Article 50 of the ...

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Ford reaches consenses on Canada investment

  Ottawa / AFP The Ford Motor Company reached a new labor agreement with the union representing more than 6,400 auto workers at the company’s plants in Canada, averting a strike. The deal includes a commitment from Ford — similar to those offered by General Motors and Fiat Chrysler in earlier talks — to invest more than Can$630 million (US$470 ...

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