SYDNEY (Reuters) – Asian shares were subdued on Thursday ahead of anxiously-awaited Sino-U.S. trade talks, while the U.S. dollar consolidated recent bumper gains after the Federal Reserve reaffirmed the outlook for more rate hikes this year.
Don’t let these three promising stocks quietly pass you buy. …read more […]
NEW YORK (Reuters) – Weapons manufacturer Remington Outdoor Company Inc won approval for its bankruptcy plan on Wednesday, paving the way for the company to slash debt, boost its cash position and better weather the uncertain climate for firearms in the United States.
SYDNEY (Reuters) – The largest shareholder in Australia’s AMP Ltd , U.S. investment house Harris Associates, supports the ouster of top executives after damaging revelations of misconduct at the wealth manager, Fairfax Media reported on Thursday.
Exelixis Inc. (EXEL) on Wednesday reported first-quarter earnings of $115.9 million. The South San Francisco, California-based company said it had profit of 37 cents per share. The results exceeded Wall … …read more […]
LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover (JLR) is replacing its director for manufacturing as it prepares its plants for an electrified future, the firm said on Thursday.
(Reuters) – Cambridge Analytica, the firm embroiled in a controversy over its handling of Facebook Inc user data, and its British parent SCL Elections Ltd, are shutting down immediately after suffering a sharp drop in business, the company said on Wednesday.
NEW YORK (Reuters) – Remington Outdoor Company Inc won approval for its bankruptcy plan on Wednesday, paving the way for the arms maker to slash debt, boost its cash position and better weather the uncertain climate for firearms in the United States.
Tesla’s record net loss in the first quarter and fast-burn through cash is raising questions about the company’s future and whether it will be able to pay all of its bills. Wednesday’s results showed Tesla tearing through $745.3 million in cash in the first quarter, which may put pressure on it to borrow more money or sell additional shares to raise additional cash. Tesla said it began the quarter with $3.96 billion in cash and equivalents, but that fell to $3.22 billion at the quarter’s end. …read more […]
BENGALURU/MUMBAI (Reuters) – Amazon.com Inc has made a formal offer to buy 60 percent of Flipkart, CNBC-TV18 reported on Wednesday, potentially complicating Walmart Inc’s bid for majority ownership of the Indian online retailer.
(Reuters) – Cambridge Analytica, the firm embroiled in a controversy over its handling of Facebook Inc user data, and its British parent SCL Elections Ltd, are shutting down immediately after suffering a sharp drop in business, the company said on Wednesday.
LONDON/BENGALURU (Reuters) – Spotify Technology SA shares dropped 9 percent after the streaming music leader’s subscriber outlook and quarterly revenue fell just short of analyst estimates in its first report as a public company.
Tesla Inc stood by its production targets for its Model 3 on Wednesday, assuring investors that its key new vehicle was on track, and sought to downplay increased wariness over its finances, saying it expected to achieve net profit in both its third and fourth quarters. Tesla said its spending had been trimmed and the company would spend less than $3 billion in capital expenditures in 2018, below its 2017 total of $3.4 billion. Analysts had not expected so much spending, predicting hundreds of millions of dollars less in so-called cash burn, according to Thomson Reuters data. …read more […]
SAN FRANCISCO (Reuters) – Tesla Inc stood by its production targets for its Model 3 on Wednesday, assuring investors that its key new vehicle was on track, and sought to downplay increased wariness over its finances, saying it expected to achieve net profit in both its third and fourth quarters.
(Reuters) – MetLife Inc reported an 8 percent rise in adjusted first-quarter profit on Wednesday, boosted by U.S. tax reforms, as well as volume growth in Asia and better results in auto and catastrophe businesses.
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