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 slowing, triggering an 18 percent drop in its shares, their…
EA’s ‘Fortnite’ rival wins 10 million gamers in three days
(Reuters) – A game developed by Electronics Arts Inc as a competitor to the wildly popular “Fortnite” has signed up 10 million players within three days of its launch, the…
Sony stock jumps after first-ever share buyback announcement
TOKYO (Reuters) – Sony Corp announced its first-ever major share buyback on Friday, worth 100 billion yen ($910 million), helping its stock recover from a hammering days earlier when investors…
Mattel posts surprise profit as Barbie makeover lifts sales
(Reuters) – Mattel Inc posted a surprise fourth-quarter profit on Thursday, as the toymaker benefited from a makeover of its iconic Barbie doll, while keeping a tight lid on costs,…
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 pickup trucks and small SUVs in the U.S. market and…
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 around one of its key growth markets, dimming the online…
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, sending shares of the heavy machinery maker tumbling as much…
Siemens: Key to have dialogue based on trust with EU about Alstom deal
FILE PHOTO: Henri Poupart-Lafarge, Chairman and Chief Executive Officer of Alstom, and Siemens President and CEO Joe Kaeser attend a news conference to announce their deal to merge their rail…
France, Germany step up pressure over Alstom-Siemens deal
PARIS (Reuters) – France and Germany raised pressure on the European Union’s competition chief to approve the merger of Alstom and Siemens’ rail businesses, warning that thwarting the proposed European…
Netflix shares fall as weak forecast dampens investor optimism
(Reuters) – Shares of Netflix Inc fell nearly 5 percent on Friday, as investors looked past its record subscriber numbers and instead focused on its lower-than-expected revenue forecast for the…