U.S. President Donald Trump’s administration took action on Monday to cut off a Chinese state-backed chipmaker from U.S. suppliers amid allegations the firm stole intellectual property from U.S. semiconductor company Micron Technology Inc .
General Electric Co said the U.S. Securities and Exchange Commission had expanded its probe of GE’s accounting to include a $22.8 billion writedown of goodwill from GE’s power division.
Coca-Cola Co’s quarterly revenue and profit beat analysts’ estimates on Tuesday, as investments to cater to changing consumer tastes paid off with higher sales of its sugar-free sodas and premium waters.
Uber defended its business model at the Court of Appeal on Tuesday in the latest stage of a long-running battle over the classification of its drivers as self-employed, a designation that entitles them to few workplace rights in Britain.
Mastercard Inc’s third-quarter profit rose 33 percent, it said on Tuesday, joining rival payments network Visa Inc in reporting higher earnings led by rising U.S. consumer spending.
The year is still not finished, but we can safely say that PayPal CEO Dan Schulman is being awarded Wall Street Reporter’s prestigious ASSHOLE OF THE YEAR award. This […]
Chesapeake Energy Corp is buying oil producer WildHorse Resource Development Corp in a nearly $4 billion deal, it said on Tuesday, as it looks to increase oil production capacity during a period of rising crude prices.
Under Armour Inc raised its full-year profit forecast on Tuesday after reporting third-quarter results that topped Wall Street estimates, as the sportswear maker benefited from higher overseas sales and lower expenses.
Coca-Cola Co reported quarterly sales and profit that beat Wall Street estimates on Tuesday, as more consumers reached for its sugar-free sodas, premium waters and sports drinks.
U.S. drugmaker Pfizer Inc cut the top end of its full-year revenue forecast range on Tuesday, citing a stronger dollar and lower revenue from its sterile-injections business.
Oil and gas producer Chesapeake Energy Corp is buying smaller firm WildHorse Resource Development Corp in a deal valued at nearly $4 billion, it said on Tuesday, as it looks to strengthen its operations in Southeast Texas.
General Electric Co slashed its quarterly dividend to just 1 cent per share and said it would split its power unit into two businesses as new Chief Executive Larry Culp took his first steps to revive the struggling conglomerate.
U.S. drugmaker Pfizer Inc’s third-quarter profit rose nearly 45 percent, driven by lower tax rates and higher sales of breast cancer drug Ibrance and pneumonia vaccine Prevnar.
General Electric Co slashed its quarterly dividend to just 1 cent per share and said it was reorganizing its power unit into two businesses as new Chief Executive Larry Culp took his first steps to revive the struggling conglomerate.
Oil prices fell on Tuesday, depressed by concerns that the U.S.-China trade dispute will dent economic growth and by signs of rising global supply despite upcoming sanctions against Iran.
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