Business News
Exxon Mobil profit halves on weak oil prices, chemicals business
Exxon Mobil Corp’s third-quarter profit nearly halved, mainly hit by lower oil prices and weakness in its chemicals business.
Year: 2019
Business News
AbbVie lifts 2019 profit forecast as Humira helps beat revenue estimates
AbbVie Inc posted quarterly sales above estimates on Friday and raised the lower end of its 2019 profit forecast, helped by strong demand for cancer medicine Imbruvica and a lower-than-expected drop in bestseller Humira’s revenue.
Business News
Analysts slam Shell over buyback delay warning
Analysts on Friday slammed Royal Dutch Shell’s warning of possible delays to its $25 billion share buyback as an unnecessary step that undermines the energy giant’s management.
Trading Ideas
An Intrinsic Calculation For Delta Air Lines, Inc. (NYSE:DAL) Suggests It's 32% Undervalued
In this article we are going to estimate the intrinsic value of Delta Air Lines, Inc. (NYSE:DAL) by projecting its… …read more […]
Business News
Alibaba beats quarterly revenue estimates, shares rise
China’s Alibaba Group Holding Ltd reported a better-than-expected 40% rise in second-quarter revenue on Friday, powered by strong growth in its e-commerce and cloud computing businesses.
Business News
Deutsche Bank appoints Campelli to implement turnaround plan
Deutsche Bank said on Friday it had promoted Fabrizio Campelli to chief transformation officer with a mandate to oversee the biggest reorganization in the bank’s history, including its plans to cut 18,000 jobs worldwide.
Business News
Why Brazil’s bid to lure low cost airlines may be doomed
Brazilian government officials this week tempted airline executives with a pitch: Latin America’s largest domestic aviation market is opening up and it badly needs more competition.
Business News
Nissan picks American as finance chief as new generation takes helm
Nissan Motor Co on Friday named American Stephen Ma as its next finance chief and said some veteran executives were stepping down, putting a new generation in charge of a company battling to recover from plunging profits and management scandal.
Trading Ideas
UPDATE 1-AIG third-quarter profit misses estimates
Insurer American International Group Inc missed analysts’ estimates for third-quarter profit on Friday due to weakness in its life and retirement business. Pre-tax income from the business fell 9% to $646 million as it booked a $143 mln charge related to a review of its actuarial assumption. Excluding the impact from the actuarial review, adjusted pre-tax income at the unit fell 3% due to elevated mortality and lower alternative investment returns, the company said. …read more […]
Trading Ideas
Apple TV+ is now live — Here's how it compares to Disney+, HBO Max, Netflix, and others
Apple TV+ is officially live. Here’s how it compares to the likes of Disney+, Netflix, and more. …read more […]
Business News
AIG posts quarterly profit as catastrophe losses drop
Insurer American International Group Inc on Friday posted a profit in the third quarter, compared with a year-earlier loss when it recorded more than a billion dollars in catastrophe losses.
Trading Ideas
How Does Biogen's (NASDAQ:BIIB) P/E Compare To Its Industry, After Its Big Share Price Gain?
Biogen (NASDAQ:BIIB) shareholders are no doubt pleased to see that the share price has had a great month, posting a… …read more […]
Trading Ideas
AIG posts quarterly profit as catastrophe losses drop
Insurer American International Group Inc on Friday posted a profit in the third quarter, compared with a year-earlier loss when it recorded more than a billion dollars in catastrophe losses. AIG’s net income attributable to common shareholders was $648 million, or 72 cents per share, in the third quarter ended Sept. 30, compared with a loss $1.26 billion, or $1.41 per share, a year earlier. …read more […]
Trading Ideas
Trade Alert: The Executive VP and President of Commercial & Specialty Business Division Of Anthem, Inc. (NYSE:ANTM), Peter Haytaian, Has Sold Some Shares Recently
We wouldn’t blame Anthem, Inc. (NYSE:ANTM) shareholders if they were a little worried about the fact that Peter… …read more […]
Business News
Procter & Gamble, rivals take refills into beauty aisle
Under pressure to reduce environmental waste from single-use containers, major consumer companies including Procter & Gamble Co , Unilever Plc and The Body Shop are rolling out more products in refillable form.