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Home2019January

Month: January 2019

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Business News

Google, Facebook, Twitter must do more against fake news: EU

January 29, 2019 admin Comments Off on Google, Facebook, Twitter must do more against fake news: EU

Google, Facebook, Twitter and Mozilla must do more to combat fake news as Europeans head towards an election or the companies will face the threat of regulatory action, the European Commission said on Tuesday.

…read more […]

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Lockheed Martin forecasts 2019 profit below estimates, shares off

January 29, 2019 admin Comments Off on Lockheed Martin forecasts 2019 profit below estimates, shares off

Lockheed Martin Corp, the Pentagon’s top weapons supplier, on Tuesday forecast 2019 profit below estimates and reported that quarterly margins slipped at the unit that makes the radar-evading F-35 fighter jet and C-130 transport plane.

…read more […]

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Mnuchin says Huawei case ‘separate’ from U.S.-China trade talks

January 29, 2019 admin Comments Off on Mnuchin says Huawei case ‘separate’ from U.S.-China trade talks

U.S. Treasury Secretary Steve Mnuchin said on Tuesday he expected to see significant progress in trade talks with Chinese officials this week and that U.S. charges against telecommunications giant Huawei Technologies Co Ltd were a separate issue.

…read more […]

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Pfizer forecasts 2019 revenue, profit below Wall Street targets

January 29, 2019 admin Comments Off on Pfizer forecasts 2019 revenue, profit below Wall Street targets

Pfizer Inc forecast 2019 profit and sales below Wall Street estimates on Tuesday as the company expects to take a blow from a stronger dollar and as well as the loss of patent on its blockbuster pain treatment Lyrica this year.

…read more […]

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Verizon sees no increase in 2019 profit, misses fourth-quarter revenue estimate

January 29, 2019 admin Comments Off on Verizon sees no increase in 2019 profit, misses fourth-quarter revenue estimate

Verizon Communications Inc on Tuesday missed quarterly revenue estimates, but added almost twice as many new wireless subscribers as analysts expected.

…read more […]

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Mnuchin says Huawei case ‘separate issue’ from China trade talks

January 29, 2019 admin Comments Off on Mnuchin says Huawei case ‘separate issue’ from China trade talks

U.S. Treasury Secretary Steve Mnuchin said on Tuesday he expected to see significant progress in trade talks with Chinese officials this week and that U.S. charges against telecommunications giant Huawei were a separate issue.

…read more […]

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Harley’s shares tumble on disappointing earnings

January 29, 2019 admin Comments Off on Harley’s shares tumble on disappointing earnings

Harley-Davidson Inc reported a lower-than-expected quarterly profit on Tuesday amid a prolonged struggle to revive demand for its bikes in the United States where sales dived yet again, sending its shares down over 6 percent.

…read more […]

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Lockheed Martin posts quarterly profit

January 29, 2019 admin Comments Off on Lockheed Martin posts quarterly profit

Pentagon’s No.1 weapons supplier Lockheed Martin Corp, reported a quarterly profit on Tuesday, compared with a year-ago loss, lifted by demand for its F-35 fighter jets.

…read more […]

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Verizon beats profit estimates, to spend more this year on 5G rollout

January 29, 2019 admin Comments Off on Verizon beats profit estimates, to spend more this year on 5G rollout

Verizon Communications Inc beat Wall Street estimates for quarterly profit on Tuesday, as the largest U.S. mobile carrier added almost twice as many net new subscribers who pay a monthly bill as analysts had previously expected.

…read more […]

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Three Abu Dhabi lenders agree to create $114 billion bank

January 29, 2019 admin Comments Off on Three Abu Dhabi lenders agree to create $114 billion bank

Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank agreed a merger on Tuesday to create the third-largest bank in the United Arab Emirates.

…read more […]

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Xerox quarterly profit beats on cost cuts

January 29, 2019 admin Comments Off on Xerox quarterly profit beats on cost cuts

Xerox Corp beat fourth-quarter profit estimates on Tuesday as it reined in costs, but its revenue dropped more than expected as businesses continue to cut spending on printers and photocopiers.

…read more […]

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Japan’s ANA orders Boeing, Airbus jets worth $4.3 billion in Asia growth push

January 29, 2019 admin Comments Off on Japan’s ANA orders Boeing, Airbus jets worth $4.3 billion in Asia growth push

Japan’s ANA Holdings Inc said it would order 38 planes worth $4.33 billion from Boeing Co and Airbus, and buy a stake in Philippines Airlines parent PAL Holdings Inc to support its Asia growth strategy.

…read more […]

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U.S. sanctions Venezuela state oil firm, escalating pressure on Maduro

January 29, 2019 admin Comments Off on U.S. sanctions Venezuela state oil firm, escalating pressure on Maduro

The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, aimed at severely curbing the OPEC member’s crude exports to the United States and at pressuring socialist President Nicolas Maduro to step down.

…read more […]

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Three Abu Dhabi lenders agree to merge, creating a $114 billion bank

January 29, 2019 admin Comments Off on Three Abu Dhabi lenders agree to merge, creating a $114 billion bank

Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank said on Tuesday the banks have agreed on a three-way merger, creating the third-largest bank in the United Arab Emirates.

…read more […]

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Intel to get $1 billion state grant for $11 billion Israel chip plant expansion

January 29, 2019 admin Comments Off on Intel to get $1 billion state grant for $11 billion Israel chip plant expansion

Intel Corp will receive a grant of about $1 billion from the Israeli government for its latest investment plan to expand its chip manufacturing operations in the country, Israel’s finance minister said on Tuesday.

…read more […]

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