Merck & Co beat quarterly profit estimates on Friday as sales of its blockbuster drug Keytruda overtook rival Bristol-Myers Squibb’s Opdivo, but that was not enough for investors who expected bigger gains in market share for the cancer therapy.
U.S. stocks fell on Friday as technology shares were dragged lower by disappointing results from Intel and Twitter, although a jump in Amazon after strong earnings helped curb losses.
World shares were little changed on Friday as mixed corporate profits and economic data that met expectations struggled to offset concerns over trade and central bank policy, though a key global equity index was still set for a fourth week of gains.
Exxon Mobil Corp and Chevron Corp, two of the world’s largest oil producers, posted quarterly results far short of Wall Street’s expectations on Friday.
Merck & Co beat quarterly earnings estimates as sales of blockbuster drug Keytruda nearly doubled, but investors were disappointed after the drugmaker said it was unlikely to follow rival Eli Lilly in separating its animal health unit.
From AT&T and Time Warner to the hot pursuit of 21st Century Fox and Sky, media mergers are in full swing. Why now? WSJ’s Amol Sharma answers all your questions about the forces driving media deals. …read more […]
Two Silicon Valley firms have stopped shipping some electronic components to Russian customers even though they are not on the list of firms subject to U.S. sanctions, according to sources who work in the sector and a document seen by Reuters.
Twenty-First Century Fox Inc said on Friday its shareholders voted to approve Walt Disney Co’s $71 billion purchase of its film and television assets.
U.S. stocks rose on Friday as bumper earnings from Amazon lifted consumer discretionary stocks and data showed that the U.S. economy grew at its fastest pace in nearly four years.
As trade tensions escalate between Washington and Beijing, the U.S. Senate quietly passed legislation on Thursday that would lower trade barriers on hundreds of items made in China.
With its focus on innovation and high-growth markets, the semiconductor specialist easily beat expectations in Q2. …read more […]
President Donald Trump said the U.S. economy is on track to reach an annual growth rate of more than 3 percent, as he celebrated a report Friday that the economy expanded in the second quarter at the fastest pace in four years. “As the trade deals come in one-by-one, we’re going to go a lot higher than these numbers, and these are great numbers,” Trump said Friday at the White House. The Commerce Department said Friday that the economy accelerated to a 4.1 percent pace of growth in the second quarter, the fastest since 2014. …read more […]
Shares of Amazon.com Inc rose 4 percent to hit an all-time high after the online retailing giant’s quarterly profit topped $2 billion for the first time, powered by its best operating margin in 13 years.
U.S. stocks opened higher on Friday as Amazon’s upbeat earnings pushed consumer discretionary stocks higher and as data showed that the U.S. economy grew at its fastest pace in nearly four years.
Exxon Mobil Corp and Chevron Corp, two of the world’s largest oil producers, posted quarterly results far short of Wall Street’s expectations on Friday, sending their shares dropping in morning trading.
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