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VW offers tempered forecast for 2018 on economy, diesel risks

Bloomberg Volkswagen AG offered a tempered earnings and sales forecast for 2018, citing the risk of a “slight” slowdown in the global economic growth that powers the car-buying market. Operating profit could increase by a fraction of a point to as high as 7.5 percent of revenue this year, Volkswagen said. Sales will rise 5 percent, but the forecast depends ...

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Snap CEO Evan Spiegel got $638mn in year of firm’s IPO

Bloomberg Snap Inc.’s CEO Evan Spiegel is poised to become one of the highest-paid US executives for 2017, thanks to a $636.6 million stock grant he got when his company went public. The Venice, California-based maker of the Snapchat photo-sharing app awarded Spiegel shares equal to 3 percent of the outstanding capital stock when the initial public offering closed in ...

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HP’s sales top estimates on holiday demand

Bloomberg HP Inc., the world’s largest personal-computer maker, topped analysts’ revenue estimates with strong computer and printer sales during the holiday shopping quarter, maintaining its momentum even as the industry stagnates. The Palo Alto, California-based company notched its sixth consecutive quarter of revenue growth, buoyed by ­higher sales across all product lines in the period that ended on January 31, ...

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