Month: January 2019

ConocoPhillips beat quarterly profit estimates on Thursday as the world’s largest independent oil producer saw a rise in output from North America’s shale fields.

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Tomahawk missile maker Raytheon Co reported an 8.5 percent rise in fourth-quarter revenue on Thursday, boosted by higher demand for its weapons, but a conservative 2019 profit forecast sent shares down.

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United Parcel Service Inc reported a better-than-expected quarterly profit, as the company benefited from record volumes during the crucial holiday season.

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U.S. industrial conglomerate General Electric Co reported a $666 million profit from continuing operations for the fourth quarter, recovering from a $11.2 billion loss a year ago, sending its shares sharply higher.

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Blackstone Group LP, the largest manager of alternative assets such as private equity and real estate, said on Thursday fourth-quarter distributable earnings fell 42 percent from a year earlier to $722 million.

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Charter Communications Inc topped quarterly revenue estimates on Thursday, as the cable operator attracted more customers for its internet services, offsetting a drop in video subscribers.

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ConocoPhillips, the world’s largest independent oil producer, reported a surge in quarterly adjusted profit on Thursday, helped by higher production and realized prices for its crude.

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Ride-hailing companies Uber and Cabify are to suspend their services in Barcelona in response to the regional government’s imposition of limits on how they operate in the city.

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Deutsche Bank is focused on getting the German lender on a path to sustainable profitability, a well-informed Deutsche Bank source told Reuters on Thursday.

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U.S. industrial conglomerate General Electric Co reported a $666 million profit for the fourth quarter, recovering from the $23 billion charge it took three months ago as it began restructuring under a new chief executive.

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Hundreds of listed Chinese companies – from hog farmers struggling to buy pig feed, to glassware makers unable to collect receivables – flagged big losses for 2018, victim to a slowing economy and Beijing’s deleveraging.

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Sweden’s H&M disappointed investors with a 10 percent tumble in quarterly profit, the world’s second largest fashion retailer blaming investment aimed at boosting its online business for the decline.

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Qatar Airways has upgraded an existing order for 50 Airbus A321neo jets to include 10 long-range models, as a regional diplomatic rift has forced the airline to fly longer routes.

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Soothing sounds from the Federal Reserve propelled world stocks to their best January on record on Thursday, although having scored stellar gains this time last year only to flop spectacularly, traders were trying not to get too carried away.

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Unilever reported lower-than-expected fourth-quarter sales on Thursday, hurt by troubles in Latin America and weak growth in developed markets, showing the challenges facing new Chief Executive Alan Jope.

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