Deutsche Bank plunged to a bigger than expected loss of 5.7 billion euros ($6.3 billion) last year, its fifth in a row, as the cost of its latest turnaround attempt hit earnings.
Earlier this month, Coke added dairy company Fairlife to its range of brands, giving Coca-Cola access to fastest-growing categories in the United States ranging from lactose-free to ultra-filtered milk. The company said fourth-quarter revenue growth was led by its trademark Coca-Cola, that included products such as its caffeinated beverage Plus Coffee and Zero Sugar soda. …read more […]
U.S. stock index futures pared some losses on Thursday after data showed domestic economy rose at a 2.1% annualized rate in the fourth quarter, in line with expectations.
Coca-Cola Co’s quarterly revenue beat market expectations on Thursday, driven by the beverage maker’s signature soda, Fuze teas and coffees in North America and emerging markets.
(Bloomberg) — U.S. consumer spending moderated and business investment continued to deteriorate at the end of 2019, while a smaller trade deficit and more home construction helped keep economic growth steady.Gross domestic product expanded at a 2.1% annualized rate for a second straight quarter, according to Commerce Department data Thursday. The median forecast in a Bloomberg survey of economists called for 2% growth. Consumer spending decelerated to a 1.8% pace, below projections and the weakest since the first quarter. Business investment declined for a third straight period, the longest stretch since the last recession.Click here for Bloomberg’s TOPLive blog on …read more […]
Oil prices fell on Thursday on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting.
The coronavirus outbreak in China could hit profits at luxury car brands Jaguar and Land Rover, parent Tata Motors said on Thursday, the latest company to warn of an impact from the epidemic that has killed 170 people and forced businesses to suspend operations.
U.S. stock index futures tumbled on Thursday, as the deadly coronavirus epidemic fanned concerns of a further slowdown in economic growth in China, with a mixed batch of corporate earnings from U.S. technology firms also weighing on sentiment.
(Bloomberg) — Verizon Communications Inc. missed profit estimates while adding more than a million new wireless subscribers, a possible precursor to challenges ahead as the company races against rivals in a costly nationwide expansion of next-generation 5G wireless services.Earnings, excluding some items, totaled $1.13 a share. The number of regular monthly wireless subscribers rose by 1.25 million, which includes new phones, hot spots, smartwatches and other connected devices, according to the statement. Analysts expected earnings of $1.15 a share and 1.23 million new wireless subscribers. Revenue of $34.8 billion was ahead of estimates.Verizon’s gains in regular monthly subscribers were boosted …read more […]
Spirit AeroSystems said on Thursday it would gradually restart production of parts for Boeing Co’s 737 MAX jets and deliver 216 shipsets in 2020.
The company’s biggest customer, Boeing, said on Wednesday it was expecting to resume MAX production ahead of a regulatory approval for the jet’s return to service by mid-2020. Spirit also replaced its Chief Financial Officer Jose Garcia with Mark Suchinski, who was vice president of quality at the company, after identifying non-compliance in certain accounting processes. Spirit’s stock fell more than 7% in premarket trade. …read more […]
Headlines moving the stock market in real time. …read more […]
Blackstone Group Inc, the world’s largest alternative asset manager, said on Thursday its fourth-quarter distributable earnings rose 27 percent year-on-year, as strong growth in its real estate and hedge funds businesses offset declines in its private equity and credit divisions. During the quarter, Blackstone sold off its remaining 10.8 percent stake in Invitation Homes, the largest single-family rental home operator in the U.S., raking in more than $1.7 billion. The buyout firm also completed the sale of its 61 percent stake in Swedish property firm Hembla AB to German real estate giant Vonovia SE for about $1.3 billion. …read more […]
Stocks across the world tumbled on Thursday as the death toll from a virus spreading in China reached 170, forcing airlines to cut flights and stores to close as the potential economic hit from the outbreak came into focus.
Verizon Communications Inc on Thursday added more monthly mobile phone subscribers than expected as it benefited from including Disney+ streaming service with some of its plans.
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