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Washington Post BusinessOct 16, 2018
Google will no longer force Android phone makers to set Chrome as the default browser — in the E.U.
Google is ending a controversial practice in Europe whereby it required smartphone makers seeking to pre-install Google's app store to also add other Google apps, such as search and Chrome.

MarketWatch MarketPulseOct 16, 2018
Netflix price target slashed at Morgan Stanley
Morgan Stanley cut Netflix's 12-month price target to $450 from $480 on Tuesday ahead of the streaming giant's earnings announcement, saying a stronger dollar and rising interest rates could increase costs for the company. This follows similar cuts by Raymond James, which lowered its price target to $400 from $445 on Monday, and Goldman Sachs, which lowered its price target to $430 from $470 on Friday. Despite the cut, Morgan Stanley maintained its overweight rating for Netflix, saying long-term prospects for the company are still bright, especially overseas. "European success reinforces view that Netflix, given time, can scale historically challenging pay-TV markets," analyst Benjamin Swinburne wrote in a note to investors. Netflix shares fell 2.8% last week among a broader market selloff, though they have gained 74% so far this year. The S&P 500 has gained 4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Reuters BusinessOct 16, 2018
Wells Fargo to shift European investment banking business to Paris as Brexit looms
Wells Fargo & Co said on Tuesday it had applied for an investment firm license in France as part of a Brexit strategy to shift some of its servicing of European mainland customers out of London.

RELATED ARTICLES
UPDATE 3-Wells Fargo to shift European investment banking business to Paris as Brexit looms (Reuters Company News)

NYTimes BusinessOct 16, 2018
Google to Charge Phone Makers for Android Apps in Europe
To comply with a European antitrust ruling, Google will begin charging a licensing fee of handset makers.

RELATED ARTICLES
Google Will Charge Phone Makers to Pre-Install Apps in Europe (Wall Street Journal US Business)
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