American Airlines Group Inc trimmed its 2019 outlook on Thursday after raising the estimated costs related to the Boeing 737 MAX grounding to $540 million for the year, even after a quarterly profit increase that beat Wall Street estimates.
Cystic fibrosis patients in England will have access to life-extending drugs after the state-funded health service said it had agreed a pricing deal with manufacturer Vertex Pharmaceuticals. England’s National Health Service (NHS) has been negotiating with Vertex for years about supplying Orkambi, a combination drug that improves lung function. The U.S. company had wanted to charge around 100,000 pounds ($129,000) a year for a course of Orkambi, according to reports. …read more […]
Tesla Inc shares soared on Thursday after the electric carmaker surprised Wall Street by delivering on Chief Executive Officer Elon Musk’s promise of a profit in the third quarter even as doubts remained over its long-term prospects.
As many as five brokerages raised their price targets on Tesla shares, but there were no outright upgrades and the company’s average rating on Wall Street remained “hold”, with just 11 of 34 analysts recommending investors buy the stock. If those gains stick during normal trading, Tesla would again be worth more by market capitalization than General Motors, making it the United States’ most valuable car company. Tesla’s $1.8 billion junk bond due in August 2025 surged 3 points in price following the results, driving its yield to the lowest since March 2018. …read more […]
(Bloomberg) — Comcast Corp. rose in early trading after third-quarter profit beat analysts’ estimates, as the cable giant added more internet subscribers than expected.Comcast on Thursday reported profit of 79 cents a share, excluding some items. That was up from 68 cents a year earlier and topped analysts’ estimates of 74 cents. Revenue was $26.8 billion, in line with Wall Street projections.The company added 379,000 internet customers in the quarter, up from 363,000 a year earlier. The cable giant lost 238,000 cable-TV customers, more than twice as many as it lost the year before. Analysts expected the company to add …read more […]
The European Central Bank kept its ultra-easy monetary policy unchanged on Thursday, ending Mario Draghi’s eight-year tenure at the bank in exactly the same place he started: trying to prop up a perpetually ailing currency bloc.
The European Central Bank kept its ultra-easy monetary policy unchanged on Thursday, ending Mario Draghi’s eight-year tenure at the bank in exactly the same place he started: trying to prop up a perpetually ailing currency bloc.
Europe’s traders were sending European Central Bank chief Mario Draghi off in style on Thursday, raising the region’s stocks to their highest in more than a year and nudging the euro toward its best month since January 2018.
U.S. weapons maker Raytheon Company reported better-than-expected third-quarter profit on Thursday and raised its full-year earnings and sales outlook, helped by higher demand for space programs, weapons and missile warning systems.
Anyone interested in Schlumberger Limited (NYSE:SLB) should probably be aware that the Vice President of Investor… …read more […]
American Airlines Group Inc beat Wall Street estimates for third quarter profit on Thursday as lower fuel costs boosted margins, but it raised its 2019 cost estimates related to the Boeing 737 MAX grounding to $540 million.
Oil steadied above $61 a barrel on Thursday as concern over the demand outlook offset a surprise drop in U.S. crude inventories and the prospect of further action by OPEC and its allies to support the market.
Planet 13 Holdings (CSE: PLTH) (OTCQX: PLNHF) has launched a new beverage brand called Elysium, a refreshing THC-infused line of low-calorie flavored sparkling water. “Elysium marks our first step into the exciting THC beverage space. We’ve created and perfected a sparkling water beverage based on both customer demand and market trends. This low-calorie refreshing drink […]The post Planet 13 Holdings Unveils THC-Infused Flavored Sparkling Water appeared first on Market Exclusive. …read more […]
U.S. weapons maker Raytheon Company reported better-than-expected third-quarter profit on Thursday and raised its full-year earnings and sales outlook, helped by higher demand for space programs, weapons and missile warning systems. Shares of the maker of the Patriot missile-defense system were up 1.8% in premarket trading. Massachusetts-based Raytheon and other U.S. weapons makers are expected to benefit from the $733-billion defense bill for fiscal 2020, which is about 2% higher than the bill for 2019. …read more […]
U.S. stock index futures edged higher on Thursday, as solid results from Microsoft, Lam Research and Tesla lifted sentiment following lackluster reports from big bellwether companies in the previous session.
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