Berkeley Lovelace Jr.,Peter Schacknow
Facebook’s (FB) stock was 8% higher in premarket trading after its top and bottom lines, as well as user numbers, hit record highs during the quarter. The company also said late Wednesday it expects to pay at least $3 billion and possibly up to $5 billion in a privacy-related fine to the FTC. (CNBC)
Trump’s former personal lawyer Michael Cohen told actor Tom Arnold last month that he is not guilty of some of the crimes to which he pleaded guilty to last year after breaking with the president. (CNBC)
Russian President Vladimir Putin said North Korean leader Kim Jong Un wants to denuclearize but needs “security guarantees” to do so. Speaking after a high-profile summit with Kim, Putin said Russia favored denuclearization on the Korean Peninsula. (CNBC)
Deutsche Bank (DB) and German banking rival Commerzbank have ended their merger talks, saying the combination would not have created sufficient benefits. Reports and speculation regarding a merger had been rife for months. (CNBC)
Former Nissan Chairman Carlos Ghosn was granted bail by a court in Tokyo, the second time the court has approved bail since his arrest in November. He agreed to strict conditions such as not contacting his wife unless the court approves. (WSJ)
CVS Health (CVS) is about to make it easier to straighten your teeth. The drugstore chain will open “hundreds” of SmileDirectClub locations inside its stores this year, with plans to open more than 1,000 locations over the next two years. (CNBC)
Domino’s Pizza (DPZ) CEO Ritch Allison said the pizzeria chain seeks to expand its global footprint to 25,000 stores in order to achieve its top objectives. That’s nearly 10,000 more locations in addition to its existing pizza joints. (CNBC)
PayPal (PYPL) reported adjusted quarterly profit of 78 cents per share, 10 cents above estimates, with revenue matching Street forecasts. PayPal also reported that more than 40 million people made transactions using its Venmo service over the past 12 months, making it one of the most popular financial apps in the country.
Visa (V) came in 7 cents ahead of estimates with quarterly profit of $1.31 per share, and the payment network also reported a slight revenue beat as an increase in consumer spending boosted its results. Visa also raised its full-year forecast. On the negative side, Visa did see a slide in the value of transactions made outside a customer’s home country.
Before last month’s $768 million Powerball drawing, 24-year-old Manuel Franco was just trying to save $1,000 in the bank. That should no longer be an issue for Franco, who on Tuesday stepped forward to claim the third-largest lottery prize in U.S. history. (CNBC)