Danish brewer Carlsberg revised upwards its annual profit growth outlook on Monday, saying it now expects organic operating profit to rise by around 10% versus a previous forecast for a “high single-digit” percentage increase.
AT&T Inc said on Monday it would add two new board members and consider selling off up to $10 billion worth of non-core businesses next year, bowing to pressure from activist investor Elliott Management.
We wouldn’t blame Teradyne, Inc. (NASDAQ:TER) shareholders if they were a little worried about the fact that Michael… …read more […]
AT&T Inc said on Monday it would add two new board members and consider selling off up to $10 billion worth of non-core businesses next year, bowing to pressure from activist investor Elliott Management. Elliott, which revealed a $3.2 billion stake in the company in September, has been pressing the telecommunications giant to cut costs, make management changes and scale back expansion aspirations. The company also said that it expects Randall Stephenson to remain chief executive officer through at least 2020. …read more […]
Microsoft shares rise 3.4% to $145.50 premarket, after company wins the Pentagon’s $10 billion cloud computing contract.
Drugstore chain Walgreens Boots Alliance Inc reported quarterly profit above market expectations on Monday, benefiting from higher prices for branded drugs and an increase in prescription volume. Walgreens’ stock has been under pressure since the start of the year as investor expectations over the company’s growth prospects took a hit in the face of low reimbursement rates for filling prescriptions. “While we still face headwinds, I am encouraged by the improvement in U.S. comparable sales performance in the second half of fiscal 2019 and our progress in managing costs,” Chief Executive Officer Stefano Pessina said in …read more […]
Brazil’s benchmark interest rate will be cut to a record low of 5.00% on Wednesday, according to the unanimous view in a Reuters poll of economists, as the central bank battles to spur economic growth and prevent inflation from falling further below target.
A newly-approved three-drug treatment for tuberculosis will be available in 150 countries including India and South Africa, priced at $1,040 for a complete regimen, more than twice the cost proposed in the past by advocacy groups for other treatments. The World Health Organization-backed Stop TB Partnership said on Monday that BPaL would be obtainable in eligible countries through the Global Drug Facility (GDF), a global provider of TB medicines created in 2001 to negotiate lower prices for treatments. Tuberculosis was responsible for 1.5 million deaths in 2018. …read more […]
AT&T Inc added more mobile phone subscribers who pay a monthly bill than analysts’ estimates for the third quarter as the wireless carrier attracted customers with media content bundled with phone plans.
The big shareholder groups in Bloom Energy Corporation (NYSE:BE) have power over the company. Institutions often own… …read more […]
The International Monetary Fund said on Monday Lebanon should urgently implement reforms to restore confidence and economic stability, as protesters kept up the pressure on politicians they accuse of corruption by setting up new road blocks.
Lebanese banks will stay shut on Tuesday amid ongoing unrest, but are working to ensure public and private sector workers receive their salary payments, the country’s banking association said on Monday.
Bitcoin held ground on Monday near a one-month high scaled over the weekend after China’s president Xi Jinping said the world’s second biggest economy should accelerate the development of blockchain technology.
U.S. buyout firm Blackstone Group said on Monday it had extended the deadline for its offer to buy hotel operator Unizo Holdings to Nov. 6 from Monday. Blackstone said the extension was “to provide additional time” for Unizo to respond to the offer. The firm had told Unizo it would launch a tender offer or explore other options if the Japanese hotel chain did not agree to its conditions by Monday. …read more […]
Spotify Technology SA’s quarterly revenue beat Wall Street expectations on Monday, as the music streaming company added more-than-expected paid subscribers for its premium service.
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