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SAN FRANCISCO | Yelp’s shares take a beating after revenue miss

SAN FRANCISCO — Shares of Yelp Inc. took a beating Thursday after the online-reviews site reported soft third-quarter sales and indicated the current period would also be weak. Yelp’s stock was down $12.50, or 29 percent, to $31 in after-hours trading. CEO Jeremy Stoppleman blamed the revenue miss on the company’s new non-term advertising, intended … Continue reading SAN FRANCISCO | Yelp’s shares take a beating after revenue miss

NEW YORK | Global stocks jump, helped by strong earnings in the US

NEW YORK  — World stock markets are turning higher again Tuesday, helped by strong earnings reports from major U.S. companies. Investment banks Morgan Stanley and Goldman Sachs, health care products company Johnson & Johnson and health insurer UnitedHealth all climbed after announcing their third-quarter results. Technology companies are also rising after their recent slump. KEEPING … Continue reading NEW YORK | Global stocks jump, helped by strong earnings in the US