Spotify posted its first ever quarterly operating profit on Wednesday driven by a strong gross margin and slower-than-expected headcount growth, but it warned of a loss in 2019 and issued modest forecasts which disappointed investors.
UBS has received approval from a London court to move up to 32 billion euros ($36.44 billion) in assets from Britain to Germany as part of plans to keep business in the European Union after Brexit.
General Motors Co on Wednesday swung to a quarterly profit thanks to high-margin pickup trucks and crossovers in the U.S. market plus cost cutting and maintained its full-year 2019 earnings forecast, lifting its shares 1.5 percent in early trading.
U.S. stocks opened slightly lower on Wednesday as investors evaluated developments around U.S.-China trade talks and President Donald Trump’s State of the Union address, which offered no specific economic policy initiatives.
The U.S. trade deficit narrowed sharply in November amid declines in imports of cellphones and petroleum products.
Alstom shares rallied on Wednesday after Brussels rejected the French rail manufacturer’s plan to merge with Siemens’ rail division to create a powerful European rail business.
Siemens and Alstom’s plan to create a European rail champion collapsed on Wednesday after EU regulators blocked the deal, prompting Germany and France to call for an overhaul of EU competition policy to better meet global challenges.
German ministers discussed on Wednesday how to safeguard security in future 5G mobile networks, government sources said, amid intense debate over whether to shut China’s Huawei Technologies out of the market.
The U.S. trade deficit narrowed sharply in November amid declines in imports of cellphones and petroleum products.
General Motors Co on Wednesday swung to a quarterly profit, lifted by high-margin pickup trucks and crossovers in the U.S. market plus cost cutting, and the No.1 U.S. automaker maintained its full-year 2019 earnings forecast.
Abu Dhabi’s Etihad Airways has approached banks to raise over $500 million to finance four Boeing 787 Dreamliners it previously ordered, two sources familiar with the matter said.
Alstom shares rallied on Wednesday after the European Commission rejected the French rail manufacturer’s plan to merge with Siemens’ rail division to create a powerful European rail business.
Brazilian airline Azul SA will replace more of its aging E-Jet fleet, made by local manufacturer Embraer SA, with larger planes from Airbus SE this year, the carrier said in a securities filing on Wednesday.
German ministers were due to meet on Wednesday to discuss how to safeguard security in future 5G mobile networks, two government sources said, amid intense debate over whether to shut China’s Huawei Technologies out of the market.
French conglomerate Bouygues, which has a 28 percent stake in Alstom, said it regretted the European Union’s decision to veto a merger between Alstom and Siemens but added it was confident over Alstom’s prospects.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
