HP Inc quarterly profit jumps 26 percent
(Reuters) – HP Inc (HPQ.N), which houses the hardware business of former Hewlett-Packard Co, reported a 26.4 percent rise in quarterly profit on Thursday, due to strength in its personal…
Alibaba revenue beats, but investments prolong margin squeeze
BEIJING (Reuters) – Alibaba Group Holding Ltd (BABA.N), China’s biggest e-commerce firm, topped first-quarter revenue estimates on Thursday, but said investments in its food delivery business would continue to weigh…
Trump asks SEC to consider switch to half-year corporate filings
NEW YORK/WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said meetings with corporate executives had prompted him to ask the U.S. Securities and Exchange Commission (SEC) to study letting…
Trump asks SEC to mull half-year corporate filings vs. quarterly
NEW YORK/WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday he had asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports…
Perrigo plans to separate prescription pharma business
(Reuters) – Perrigo Co Plc (PRGO.N) said on Thursday it would separate its generics prescription business, which has been a drag on results, to focus on consumer healthcare following a…
Viacom shares gain as ‘Mission Impossible’ powers Paramount
(Reuters) – Viacom Inc’s (VIAB.O) quarterly profit beat analysts’ estimates and the media company forecast a strong current quarter, boosted by the success of its movie “Mission: Impossible – Fallout”.…
Berkshire Hathaway profit surges as economy gives Buffett a boost
(Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said quarterly operating profit rose 67 percent, as insurance underwriting rebounded and several business units benefited…
Apple breaches $1 trillion stock market valuation
SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) on Thursday became the first $1 trillion publicly listed U.S. company, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it…
Meat processor Tyson Foods cuts profit forecast on mounting tariff pressures
(Reuters) – Tyson Foods Inc (TSN.N) cut its full-year profit forecast on Monday, citing the uncertainty in trade policies and increased tariffs that have hurt domestic and export prices of…
US Foods to buy SGA’s Food Group for $1.8 billion
(Reuters) – Food distribution company US Foods Holding Corp (USFD.N) said on Monday it would buy SGA’s Food Group of Cos for $1.8 billion in cash and reported disappointing second-quarter…