Comcast Corp on Thursday beat Wall Street’s revenue and profit estimates due to growth in broadband customers, but the company lost more cable TV subscribers than Wall Street expected and its NBC Universal unit revenues were hurt as the film “Cats” bombed at the box office.
The European Central Bank launched a broad review of its policy on Thursday that is likely to see new President Christine Lagarde redefine the ECB’s main goal and how to achieve it.
The biggest tumble in Chinese stocks in more than eight months led global equity markets lower Thursday as concern mounted about a new coronavirus outbreak in China.
Geopolitical uncertainties are not deterring Citigroup Inc clients from strategic deals and some unicorns’ offer “great potential”, but outbound Chinese buyers are lacking, Leon Kalvaria, chairman of the lender’s institutional clients group said.
(Bloomberg) — Oil tumbled to a two-month low on speculation that China’s coronavirus outbreak may dent demand.Futures declined as much as 3.5% to below $55 a barrel in New York on Thursday as the world’s biggest oil importer effectively quarantined a major city to contain the SARS-like virus, which Goldman Sachs Group Inc. warned could trim global consumption. The alert has overshadowed concern over the halt of exports from Libya.“Sentiment has turned negative,” as the coronavirus is set to affect demand, said Andrew Lebow, senior partner at New York consultant Commodity Research Group.Oil is bearing the brunt of the anxiety …read more […]
Shares in P&G were flat in early trading. A slowing global birthrate has hit P&G and competitors like Huggies diapers maker Kimberly-Clark , particularly in China and the United States. Pemium baby-care sales in China are up 20-30% so there are still opportunities despite the slow brithrate, Chief Operating Officer Jon Moeller said on a post-earnings call. …read more […]
Union Pacific Corp shares rose 1% after executives at the railroad operator said the U.S.-China trade pact should help reverse slumping volumes.
Yahoo Finance’s Alexis Christoforous and Andy Serwer speak with AFL-CIO President Richard Trumka live at the World Economic Forum in Davos, Switzerland. …read more […]
Comcast’s NBC and Sky will jointly launch a global news channel taking aim at CNN, the Financial Times reported https://www.ft.com/content/cf3aafce-3d30-11ea-a01a-bae547046735 on Thursday.
Procter & Gamble Co on Thursday posted quarterly sales that missed analysts’ expectations for the first time in five quarters, hurt by weakness in baby and feminine care products such as Pampers diapers and Tampax tampons.
Yahoo Finance’s Editor in Chief Andy Serwer and Alexis Christoforous speak with Anthony Scaramucci, Skybridge Capital Founder, live at the World Economic Forum in Davos, Switzerland. …read more […]
Healthy travel demand should continue to cushion results for American Airlines Group Inc and Southwest Airlines Co , the two said on Thursday, even as the prolonged Boeing 737 MAX grounding continues to hit costs and profits.
Xerox Holdings Corp said on Thursday it plans to nominate 11 independent candidates to HP Inc’s board, setting the stage for a proxy fight after the personal computer maker rebuffed its $33.5 billion takeover offer.
U.S. stocks opened lower on Thursday on rising worries over the coronavirus outbreak in China that prompted a lockdown of two cities in the country, while a mixed bag of results added to the dour sentiment.
Headlines moving the stock market in real time. …read more […]
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