GE’s CEO warns of negative industrial cash flow in 2019, shares drop
(Reuters) – General Electric Co’s chief executive surprised investors on Tuesday by forecasting a net cash outflow from its industrial…
Tesla debuts $35,000 Model 3, sees loss in first quarter
SAN FRANCISCO (Reuters) – Tesla Inc said on Thursday it would offer a $35,000 version of its Model 3 sedan…
Kraft Heinz shares fall 28 percent after writedown, dividend cut
(Reuters) – Kraft Heinz Co shares fell to a record low on Friday a day after the food company disclosed…
Standard Chartered fined $133 million by Britain’s financial watchdog
People walk inside the main branch of Standard Chartered in Hong Kong, China August 1, 2017. REUTERS/Bobby Yip/File Photo (Reuters)…
Southwest shares drop as mechanics dispute escalates
(Reuters) – Southwest Airlines Co’s shares fell more than 5 percent on Wednesday after the low-cost U.S. carrier said it…
Ford to close oldest Brazil plant, exit South America truck biz
SAO PAULO/DETROIT (Reuters) – Ford Motor Co said on Tuesday it will close its oldest factory in Brazil and exit…
Mattel warns of weak 2019, shares drop most in 20 years
(Reuters) – Mattel Inc on Friday issued a disappointing 2019 forecast and said demand for its iconic Barbie doll was…
High-margin pickup trucks drive GM profit, shares rise
DETROIT (Reuters) – General Motors Co on Wednesday reported a quarterly profit that exceeded Wall Street expectations, thanks to high-margin…
Disney profit beats, driven by theme parks, ABC network
(Reuters) – Walt Disney Co’s reported quarterly earnings on Tuesday that topped Wall Street estimates thanks to the company’s booming…
Snap user number beats Wall Street estimate, shares jump
(Reuters) – Snap Inc on Tuesday said the number of people using its Snapchat app was flat, beating Wall Street…
Amazon sales outlook disappoints after record holiday quarter
(Reuters) – Amazon.com Inc on Thursday forecast first-quarter sales below Wall Street estimates as new regulations in India created uncertainty…
Caterpillar stock slides on profit miss, China sales forecast
(Reuters) – Caterpillar Inc on Monday missed quarterly earnings estimates, hurt by soft Chinese demand, higher manufacturing and freight costs,…
Zuckerberg to integrate WhatsApp, Instagram and Facebook Messenger: NYT
(Reuters) – Facebook Inc Chief Executive Mark Zuckerberg is planning to unify the underlying messaging infrastructure of the WhatsApp, Instagram…
Boeing’s flying car lifts off in race to revolutionize urban travel
SEATTLE (Reuters) – Boeing Co said on Wednesday its flying car prototype hovered briefly in the air during an inaugural…
Boeing says prolonged government shutdown could hurt business: CNBC
FILE PHOTO: Employees are pictured as the first Boeing 737 MAX 7 is unveiled in Renton, Washington, U.S. February 5,…
Nordstrom’s full-price comparable sales for holiday season disappoints
FILE PHOTO: The Nordstrom store is pictured in Broomfield, Colorado, February 23, 2017. REUTERS/Rick Wilking (Reuters) – Nordstrom Inc (JWN.N)…
Bed Bath & Beyond posts better-than-expected profit, shares soar
FILE PHOTO: Shoppers leave A Bed Bath & Beyond store in Boca Raton, Florida in this March 19, 2016 .…
Zynga buys Empires & Puzzles gamemaker in largest deal to date
(This story corrects paragraph 7 to say Zynga acquired a unit of Peak Games, and not the entire company. The…
Evofem shares surge as contraceptive gel meets late-stage trial goal
(Reuters) – Shares of Evofem Biosciences Inc jumped as much as 38 percent on Monday after its birth control gel…
Verizon takes billions in charges for Oath, voluntary buyouts
The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan…
Unilever CEO retires after headquarters row, replaced by insider Jope
LONDON (Reuters) – Unilever’s (ULVR.L) Chief Executive Paul Polman will step down next month after 10 years in the job,…
United Technologies to separate into three companies
(Reuters) – United Technologies Corp (UTX.N) said on Monday it would separate into three companies consisting of its aerospace, elevators…
Alphabet misses Wall Street revenue estimates; shares fall
(Reuters) – Google parent Alphabet Inc (GOOGL.O) on Thursday missed analysts’ quarterly revenue estimates for the first time in at…
Verizon beats Wall Street estimates, shares hit 18-year high
(Reuters) – Verizon Communications Inc (VZ.N) reported quarterly profit and net new phone subscribers well ahead of Wall Street estimates…
Netflix adds to growing debt pile with $2 billion bond issue
(Reuters) – Netflix Inc (NFLX.O) announced on Monday it will tap debt markets for a second time this year, aiming…
Philips CEO says Brexit putting Britain at risk as manufacturing hub
AMSTERDAM (Reuters) – The chief executive of Philips (PHG.AS) said on Monday he was worried about the lack of progress…
Google to charge Android partners up to $40 per device for apps: source
(This Oct. 19 story has been refiled to fix wording in fourth paragraph) A 3D printed Android mascot Bugdroid is…
Danske shares slide as U.S. criminal inquiry spooks investors
COPENHAGEN (Reuters) – Danske Bank’s (DANSKE.CO) deepening money laundering scandal dragged its shares to a four-year low on Friday as…
EMA committee recommends restrictions on fluoroquinolone, quinolone antibiotics
(Reuters) – The European Medicines Agency’s risk assessment committee has recommended restrictions on the use of broad-spectrum antibiotics fluoroquinolone and…
Under Armour cuts 400 more jobs in turnaround push
(Reuters) – Under Armour Inc (UA.N) (UAA.N) said on Thursday it was cutting about 400 jobs, or 3 percent of…
U.S. regulator approves Teva migraine drug, shares rise
(Reuters) – Shares of Israeli drugmaker Teva Pharmaceutical Industries rose over 5 percent in after-hours trading on Friday after the…
Unilever single holding company shares to start trading in December
LONDON (Reuters) – Consumer goods giant Unilever (ULVR.L) (UNc.AS) said simplifying its parent company structure from two UK and Dutch…
Bayer cuts forecasts on Monsanto delay as lawsuits pile up
FRANKFURT (Reuters) – Bayer cut its earnings forecast on Wednesday due to delays to its $63 billion takeover of Monsanto,…
Wall Street extends rally, tech leads S&P, Nasdaq to record highs
(Reuters) – Wall Street extended its rally on Wednesday, with the S&P 500 and the Nasdaq hitting record highs for…
Bayer, J&J’s heart drug Xarelto fails trial to widen use
FRANKFURT (Reuters) – Bayer and Johnson & Johnson’s campaign to widen the market for its heart drug Xarelto hit a…
Siemens denies report it may cut 20,000 jobs
MUNICH/BERLIN (Reuters) – German engineering giant Siemens (SIEGn.DE) said a report by monthly Manager Magazin that it could cut 20,000…
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…
Honeywell raises 2018 profit forecast, to get spin-off dividends
(Reuters) – Airplane parts maker Honeywell International Inc (HON.N) raised its full-year profit forecast for the fourth time this year…
China sacks six senior officials at food and drug regulator over vaccine scandal
SHANGHAI (Reuters) – China said on Saturday it has sacked six senior officials at its food and drug regulator after…
Pfizer bets on biotech flu vaccine in $425 million BioNTech alliance
FRANKFURT (Reuters) – Pfizer has agreed to pay German biotech firm BioNTech up to $425 million in an alliance to…
Exclusive: Carlyle starts preparations for listing of chemicals group Atotech – sources
FRANKFURT (Reuters) – Buyout group Carlyle (CG.O) is starting preparations for a stock market listing of German speciality chemicals group…
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…
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…
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…
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…
Nokia reiterates outlook after announcing $3.5 billion deal with T-Mobile
HELSINKI (Reuters) – Nokia (NOKIA.HE) reiterated its outlook on Monday after it announced a $3.5 billion 5G network agreement with…
Amazon earnings skyrocket on cloud computing, advertising
(Reuters) – Amazon.com Inc (AMZN.O) posted a profit that was double Wall Street targets on Thursday and forecast a strong…
GSK’s new R&D head bets on genetics with $300 million 23andMe deal
LONDON (Reuters) – GlaxoSmithKline’s new research boss aims to turbo-charge the British group’s drug discovery engine with a $300 million…
Abbott Labs raises 2018 earnings forecast, shares hit record high
(Reuters) – Abbott Laboratories raised its full-year earnings forecast and topped estimates for quarterly profit on Wednesday, powered by demand…
Texas Instruments CEO resigns on code of conduct violation
(Reuters) – Texas Instruments Inc (TXN.O) said on Tuesday that Brian Crutcher had resigned as the company’s chief executive officer…
CSX profit tops Wall St target on cost cuts, pricing power
(Reuters) – CSX Corp (CSX.O) on Tuesday posted quarterly profit that topped Wall Street’s target, as the No. 3 U.S.…
Facebook, Twitter, Alphabet to testify at U.S. House hearing
WASHINGTON (Reuters) – The U.S. House Judiciary Committee will hold a hearing on Tuesday to take testimony from Facebook Inc,…
Air France KLM’s traffic rises, transport boss touted as new CEO
PARIS (Reuters) – Air France KLM (AIRF.PA), hit by strikes and without a CEO since May, reported higher passenger traffic…