McDonald’s posts rare profit miss, shares drop
(Reuters) – McDonald’s Corp (MCD.N) missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed…
IBM revenue misses on weakness in its biggest unit; shares fall 5%
(Reuters) – International Business Machines Corp (IBM.N) missed Wall Street estimates for quarterly revenue on Wednesday, as its global technology services unit was hit by weakness in some European markets,…
Netflix shares jump as subscribers grow ahead of Disney, Apple attack
(Reuters) – Netflix Inc (NFLX.O) added slightly more paying subscribers than Wall Street expected in the third quarter, a relief to investors who had worried the company might fall short…
Embattled drugmaker Indivior raises forecasts on Suboxone strength
(Reuters) – Indivior Plc on Tuesday raised its full-year forecasts as the embattled British drugmaker’s best-selling opioid addiction drug Suboxone fared better than expected in the face of competition from…
Bayer expects significant surge in number of U.S. glyphosate cases
FRANKFURT (Reuters) – Bayer expects the number of claims in the United States related to Roundup herbicide to have surged in the third quarter, as the German drugs and pesticides…
Nike’s first quarter shines as direct-to-consumer push gains momentum
(Reuters) – Nike Inc’s (NKE.N) quarterly revenue and profit beat market expectations on Tuesday as a push to sell sneakers and apparels to consumers through its own stores and online…
Mexico tourism mostly unaffected by Thomas Cook closure: ministry
MEXICO CITY (Reuters) – The collapse of British travel firm Thomas Cook will not have a “significant impact” on Mexico’s tourist industry as it only represents about 0.4% of the…
Germany offers Thomas Cook’s Condor 380 million euro bridging loan
BERLIN (Reuters) – Germany will guarantee a 380 million euro ($418.6 million)bridging loan for Condor, the German airline owned by insolvent British travel operator Thomas Cook, to enable it to…
Bank of America’s push to turn around investment bank is bearing fruit
FILE PHOTO: A Bank Of America sign is pictured in the Manhattan borough of New York August 21, 2014. REUTERS/Carlo Allegri (Reuters) – Bank of America Corp (BAC.N) said on…
Lloyds and Barclays hit by $4 billion insurance mis-selling claims
LONDON (Reuters) – Lloyds (LLOY.L) and Barclays (BARC.L) on Monday said a surge in late claims could see them pay out around $2 billion more each to settle Britain’s costliest…