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Home2018July

Month: July 2018

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Business News

Study warns of rising hacker threats to SAP, Oracle business management software

July 25, 2018 Editor Comments Off on Study warns of rising hacker threats to SAP, Oracle business management software

At least a dozen companies and government agencies have been targeted and thousands more organizations are exposed to data breaches by hackers exploiting old security flaws in management software, two cyber security firms told Reuters.

…read more […]

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Business News

Fiat Chrysler’s Marchionne dies, shares dive on profit slide

July 25, 2018 Editor Comments Off on Fiat Chrysler’s Marchionne dies, shares dive on profit slide

Former Fiat Chrysler chief executive Sergio Marchionne has died after a 14-year career in which he helped to rescue the carmaker, the news arriving on Wednesday moments before the group reported a surprisingly heavy fall in profit.

…read more […]

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Business News

Boeing cuts full-year forecast for defense business, shares fall

July 25, 2018 Editor Comments Off on Boeing cuts full-year forecast for defense business, shares fall

Boeing Co reported a better-than-expected profit on Wednesday, but cut its full-year forecast for margins in its defense business, citing higher costs in the KC-46 aerial refueling tanker program.

…read more […]

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Business News

Fiat Chrysler cuts 2018 outlook, shares tumble

July 25, 2018 Editor Comments Off on Fiat Chrysler cuts 2018 outlook, shares tumble

Fiat Chrysler reported second-quarter operating profit below expectations on Wednesday, sending its shares sharply lower as the carmaker cut its full-year outlook in response to a weaker performance in China.

…read more […]

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Business News

Coca-Cola results beat on higher Diet Coke, Zero Sugar demand

July 25, 2018 Editor Comments Off on Coca-Cola results beat on higher Diet Coke, Zero Sugar demand

Coca-Cola Co topped Wall Street estimates for quarterly sales and profit on Wednesday, as more consumers reached out for its Zero Sugar brand and the new version of Diet Coke.

…read more […]

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Business News

Fiat Chrysler CEO’s health crisis forced succession scramble

July 25, 2018 Editor Comments Off on Fiat Chrysler CEO’s health crisis forced succession scramble

Former Fiat Chrysler Chief Executive Sergio Marchionne for more than a year assured investors that he and the automaker’s board were working on an orderly succession plan ahead of his expected departure in 2019.

…read more […]

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Business News

Insurer Anthem profit beats estimates on lower patient costs

July 25, 2018 Editor Comments Off on Insurer Anthem profit beats estimates on lower patient costs

Anthem Inc raised its full-year adjusted earnings forecast, as the health insurer reported better-than-expected profit on Wednesday, driven by higher premiums and lower patient medical costs.

…read more […]

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Business News

Futures drop as Boeing, GM results disappoint

July 25, 2018 Editor Comments Off on Futures drop as Boeing, GM results disappoint

Disappointing reports from Boeing and General Motors pushed U.S. stock index futures lower on Wednesday, ahead of a closely watched meeting between President Trump and European Union officials on trade.

…read more […]

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Business News

Trump tariffs bite into GM 2018 profit forecast, stock falls

July 25, 2018 Editor Comments Off on Trump tariffs bite into GM 2018 profit forecast, stock falls

General Motors Co on Wednesday lowered its full-year 2018 earnings forecast, citing higher steel and aluminum costs as a result of tariffs imposed by U.S. President Donald Trump’s administration, sending its shares down more than 5 percent in pre-market trading.

…read more […]

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Business News

Boeing expects higher costs to hurt defense margins

July 25, 2018 Editor Comments Off on Boeing expects higher costs to hurt defense margins

Boeing Co reported a better-than-expected profit on Wednesday, but cut its full-year forecast for margins in its defense business citing higher costs in the KC-46 aerial refueling tanker program.

…read more […]

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Business News

Sergio Marchionne, the Fiat Chrysler boss who liked to fix things

July 25, 2018 Editor Comments Off on Sergio Marchionne, the Fiat Chrysler boss who liked to fix things

Sergio Marchionne was one of the auto industry’s most demanding and tenacious chief executives and he rescued Fiat and Chrysler, two of its most storied brands.

…read more […]

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Trading Ideas

Fiat Chrysler cuts 2018 outlook, shares tumble

July 25, 2018 Editor Comments Off on Fiat Chrysler cuts 2018 outlook, shares tumble

Fiat Chrysler on Wednesday reported second-quarter operating profit below expectations and revised downwards part of its full-year outlook, sending its shares down more than 10 percent. The earnings were … …read more […]

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Business News

Coca-Cola tops sales estimates on higher Diet Coke demand

July 25, 2018 Editor Comments Off on Coca-Cola tops sales estimates on higher Diet Coke demand

Coca-Cola Co topped Wall Street estimates for quarterly sales on Wednesday, driven by the success of new versions of Diet Coke and demand for Zero Sugar brand.

…read more […]

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Business News

Trump tariffs take a bite out of GM 2018 profit forecast

July 25, 2018 Editor Comments Off on Trump tariffs take a bite out of GM 2018 profit forecast

General Motors Co on Wednesday lowered its full-year 2018 earnings forecast, citing higher steel and aluminum costs, sending its shares down more than 3 percent in pre-market trading.

…read more […]

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Business News

Daimler’s workers to defend jobs if tariffs force production shift

July 25, 2018 Editor Comments Off on Daimler’s workers to defend jobs if tariffs force production shift

Daimler’s German workforce will seek to defend local jobs if the luxury carmaker attempts to shift some production to the United States in response to trade tariffs, supervisory board member Roman Zitzelsberger told Reuters.

…read more […]

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