Netflix sinks on subscriber losses, analysts still see growth
(Reuters) – Wall Street brokerages stuck to a positive outlook on Netflix Inc (NFLX.O) on Thursday, betting that a strong…
Goldman Sachs’ equities-backed earnings results may face pressure
NEW YORK (Reuters) – Booming stock markets around the globe helped Goldman Sachs Group Inc (GS.N) offset declines in other…
Boeing takes $4.9 billion charge for prolonged grounding of 737 MAX planes
SEATTLE (Reuters) – Boeing Co (BA.N) said on Thursday it would take an after-tax charge of $4.9 billion in the…
Microsoft shares hit record highs, powered by growing cloud sales
(Reuters) – Microsoft Corp (MSFT.O) on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, driven by continued sales increases…
Big banks beat profit expectations but warning signs grow
(Reuters) – Three big U.S. banks reported strong earnings on Tuesday even as warning signs emerged that the playing field…
Wells Fargo tempers cost-cutting outlook
(Reuters) – Wells Fargo & Co reported higher quarterly earnings on Tuesday, due in part to lower expenses, but the…
Five things to look for in Netflix’s second-quarter report
NEW YORK (Reuters) – When Netflix Inc (NFLX.O) reports second-quarter earnings on Wednesday, a big question is how the streaming…
JPMorgan beats profit estimates but shows signs of pressure
(Reuters) – JPMorgan Chase & Co (JPM.N) reported a quarterly profit that beat estimates on Tuesday as higher interest income…
United Airlines quarterly profit beats on strong travel demand, higher fares
FILE PHOTO: United Airlines first new livery Boeing 737-800 sits at a gate after arriving at O’Hare International Airport in…
Facebook should not be trusted with ‘crazy’ cryptocurrency plan: senators
WASHINGTON (Reuters) – Democratic and Republican lawmakers said on Tuesday that Facebook Inc’s track record of what they described as…
Citigroup profit beats estimates on gains in consumer lending
(Reuters) – Citigroup Inc topped expectations for quarterly profit on Monday as a tight lid on costs and strength in…
Cargill quarterly profit dives 41% on trade tensions, U.S. floods
CHICAGO (Reuters) – Global commodities trader Cargill Inc reported a 41% drop in adjusted quarterly profit on Thursday, citing supply…
T-Mobile, Sprint expected to extend deal date: sources
FILE PHOTO: A smartphone with Sprint logo are seen in front of a screen projection of T-mobile logo, in this…
Indivior says Reckitt settlement in U.S. unrelated to its cases
(Reuters) – Drugmaker Indivior Plc said on Thursday its former parent Reckitt Benckiser’s $1.4 billion settlement with authorities in the…
Boeing reshuffles management of grounded 737: memo
SEATTLE/PARIS (Reuters) – Boeing Co (BA.N) has reassigned the head of its next airplane project to run the troubled 737…
White House scraps key plan to lower U.S. drug prices; may target drugmakers
NEW YORK/WASHINGTON (Reuters) – The Trump administration on Thursday scrapped one of its most ambitious proposals for lowering prescription medicine…
U.S. judge strikes down Trump administration rule requiring drug prices in TV ads
(Reuters) – A federal judge on Monday dealt a blow to the Trump administration by striking down a new rule…
Wall Street looks to earnings after strongest June in decades
NEW YORK (Reuters) – On the heels of the S&P 500’s best June performance in more than six decades, investors…
Exxon quarterly profit to feel pinch of weaker natural gas, chemical earnings
(Reuters) – Exxon Mobil Corp (XOM.N) said on Monday lower natural gas and chemical margins in its second quarter would…
FedEx profit beats estimates, warns of pain in 2020 from trade war
(Reuters) – Package delivery company FedEx Corp beat Wall Street estimates for quarterly profit on Tuesday, but warned that U.S.-China…
Micron says some Huawei shipments resumed, shares rise
(Reuters) – Micron Technology Inc said it had resumed some microchip shipments to Huawei Technologies Co Ltd and still expects…
Airbus Helicopters sees 18-month wait for oil & gas demand pick-up
Visitors look at an Airbus Helicopter H145 on static display during the 53rd International Paris Air Show at Le Bourget…
Pfizer makes $10.6 billion cancer bet in cash deal for Array Biopharma
(Reuters) – Pfizer Inc on Monday said it would buy Array Biopharma Inc for $10.64 billion in cash, a deal…
Huawei says U.S. ban hurting more than expected, to wipe $30 billion off revenue
HONG KONG (Reuters) – China’s Huawei Technologies Co Ltd has taken a harder-than-expected hit from a U.S. ban, the company’s…
Deutsche Bank to set up 50 billion euro bad bank: FT
FILE PHOTO: Employees of Germany’s largest business bank, Deutsche Bank, gather ahead of the bank’s annual shareholder meeting in Frankfurt,…
Bluebird prices gene therapy at 1.58 million euros over 5 years
(Reuters) – Bluebird bio Inc on Friday set a price for its gene therapy, Zynteglo, at 1.58 million euros ($1.78…
American Airlines CEO sees Boeing 737 MAX flying by mid-August
CHICAGO (Reuters) – The grounded Boeing Co 737 MAX is “highly likely” to be flying by mid-August, American Airlines Group…
Boeing May deliveries fall 56% as 737 MAX grounding continues to weigh
(Reuters) – Boeing Co said on Tuesday it handed over 56% fewer airplanes in May compared with a year earlier,…
FedEx to end Amazon contract for FedEx Express plane service
(Reuters) – FedEx Corp on Friday decided to not renew its contract with Amazon.com Inc for U.S. cargo delivery through…
Kraft Heinz completes internal probe into its procurement practices
(Reuters) – Kraft Heinz Co said on Friday the numbers it restated last month were accurate following completion of an…
Beyond Meat sees sales more than doubling in 2019, shares jump 21%
(Reuters) – Beyond Meat Inc said it expects to more than double its revenue this year, sending the plant-based burger…
CVS to expand health hubs to 1,500 stores by end of 2021
NEW YORK (Reuters) – CVS Health Corp said it would offer expanded health services such as nutrition counseling and blood…
Exxon shareholders reject resolutions on climate and separating CEO: chairman
DALLAS (Reuters) – Exxon Mobil Corp shareholders on Wednesday rejected a proposal to split the chief executive officer and board…
Best Buy keeps full-year view, warns of higher prices from more tariffs
(Reuters) – Best Buy Co Inc on Thursday stuck to its full-year forecast due to the impact of the latest…
Novartis CEO plans gene therapy price ‘far lower’ than $4 million to $5 million range
FILE PHOTO: The logo of Swiss drugmaker Novartis AG is seen at its headquarters in Basel, Switzerland January 25, 2017.…
Nordstrom cuts 2019 forecast after quarterly results miss big
(Reuters) – Nordstrom Inc on Tuesday cut its forecast for full-year sales and profit after reporting weaker than expected first-quarter…
Ubisoft’s fourth quarter misses company’s expectations
The Ubisoft booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017.…
Match Group quarterly revenue beats on higher Tinder subscribers
(Reuters) – Match Group beat quarterly revenue estimates on Tuesday, as it added more subscribers to its popular dating app,…
Ferrari sticks to FY targets after first quarter core profit up 14 percent
FILE PHOTO: The logo of Ferrari is seen on a sheet covering a car before a presentation at the 88th…
Berkshire swings to big profit; Buffett laments Kraft Heinz
OMAHA, Neb. (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday said gains in its stock investments fueled a big…
DBS first-quarter profit rises 8.5 percent on higher net interest income
FILE PHOTO: A DBS bank signage is pictured in Singapore September 5, 2017. REUTERS/Edgar Su/File Photo SINGAPORE (Reuters) – DBS…
Intel cuts forecast as China data center sales remain weak
(Reuters) – Chipmaker Intel Corp on Thursday cut its full-year revenue forecast and missed analysts’ estimates for first-quarter sales for…
Amazon aims to bring one-day delivery to Prime members around the globe
(Reuters) – Amazon.com Inc plans to deliver packages to members of its loyalty club Prime in just one day, instead…
T-Mobile U.S. profit beats estimates as it signs up more customers
(Reuters) – T-Mobile US Inc first-quarter revenue and profit jumped from a year earlier, beating Wall Street’s estimates, as competitive…
Microsoft tops $1 trillion as it predicts more cloud growth
(Reuters) – Microsoft Corp on Wednesday briefly topped $1 trillion in value for the first time after executives predicted continued…
Tesla promises return to profit in third quarter after large loss, may raise more capital
(Reuters) – Tesla Inc lost $700 million in the first quarter but predicted it would return to profit in the…
Facebook beats profit estimates, sets aside $3 billion for privacy penalty
(Reuters) – Facebook Inc on Wednesday blew away Wall Street profit estimates in the first quarter as it kept a…
EBay raises forecast as redesign draws customers, boosts ad revenue
(Reuters) – EBay Inc raised its full-year sales and profit forecasts on Tuesday, as user-friendly changes to its ecommerce platforms…
Snap restarts user growth with original shows, Android overhaul
(Reuters) – Snap Inc’s original shows and rebuilt Android app helped it add Snapchat users for the first time in…
PepsiCo results beat as new CEO’s ad push lifts sales
(Reuters) – PepsiCo Inc’s quarterly sales and profit beat Wall Street estimates on Wednesday, as the beverage maker’s advertising and…
Goldman Sachs to layoff 98 bank employees in New York
FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16,…
Catalent seeks slice of gene therapy market with Paragon buy
(Reuters) – Contract drugmaker Catalent Inc said on Monday it would buy privately held Paragon Bioservices Inc for $1.2 billion…
JetBlue targets low-fare transatlantic travel with 2021 London launch
(Reuters) – JetBlue Airways Corp hopes to break into the low-fare, transatlantic travel market beginning in 2021 with multiple daily…
Wells Fargo CEO Tim Sloan steps down
(Reuters) – Wells Fargo & Co said on Thursday Tim Sloan will resign immediately as chief executive, becoming the second…
Boeing rolls out software fix to defend 737 MAX franchise, awaits U.S. regulator’s approval
SEATTLE/WASHINGTON (Reuters) – Boeing Co on Wednesday took its most aggressive moves yet to defend its core 737 airliner franchise,…
Dueling Qualcomm, Apple rulings leave battle lines unchanged
(Reuters) – Split decisions on Tuesday by a U.S. government panel in acrimonious patent disputes between iPhone-maker Apple and chip…
Musk’s lawyers say U.S. SEC has not met heavy burden to show contempt
FILE PHOTO: SpaceX founder Elon Musk looks on at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying…
Abercrombie expects redesigned stores to boost 2019 sales, shares surge
(Reuters) – Abercrombie & Fitch’s shares surged 20 percent after the apparel retailer forecast better-than-expected annual sales on Wednesday, betting…
GE explores stake sale in Enel renewables joint venture: sources
(Reuters) – General Electric Co is exploring a sale of its 50 percent stake in a renewable energy joint venture…