U.S. economic growth slowed less than expected in the third quarter as declining business investment was offset by resilient consumer spending and a rebound in exports, which could further allay financial market fears of a recession.
Facebook has agreed to pay a 500,000 pound ($644,000) fine for breaches of data protection law related to the harvesting of data by consultancy Cambridge Analytica, Britain’s information rights regulator said on Wednesday.
Former Nissan Motor Co Ltd boss Carlos Ghosn denied any impropriety over payments he made during his time at the automaker, following a newspaper report that Japanese tax authorities determined he used company money for private use.
Hess Corp reported a smaller-than-expected quarterly loss and raised its full-year production forecast on Wednesday, owing to higher output at the U.S. oil and gas producer’s assets in the Bakken shale. Production from Bakken rose 38% to 163,000 barrels of oil equivalent per day (boe/d) in the quarter, helping net production, excluding Libya, rise about 4% to 290,000 boe/d. Oil from seven big shale formations, particularly the Permian basin of Texas and New Mexico and the Bakken in North Dakota, have helped the United States become the biggest crude oil producer in the world. …read more […]
The U.S. Food and Drug Administration approved Biogen Inc and partner Alkermes Plc’s oral drug to treat multiple sclerosis, the companies said on Wednesday. The approval is good news for Biogen as its top-selling drug Tecfidera, also a multiple sclerosis treatment, is facing patent challenges and increased competition from newer treatments such as Roche AG’s Ocrevus. The new drug, Vumerity, was approved to treat relapsing forms of multiple sclerosis, a disabling autoimmune disease that damages the central nervous system and can lead to fatigue, pain, vision loss and impaired coordination and motor skills. …read more […]
In this article we are going to estimate the intrinsic value of Exelixis, Inc. (NASDAQ:EXEL) by taking the foreast… …read more […]
Wall Street was generally bullish on Beyond Meat (BYND) after the alternative meat producer released news of a much bigger profit than expected, but analysts cautioned that the fundamentals may not matter right now despite the company’s once furious upward trajectory, as insiders may intervene. …read more […]
BP has yet to decide whether to boost its dividend by the end of the year, it said on Wednesday, after its shares fell sharply on the previous day on fears it would defer a decision to 2020.
U.S. stock index futures were little changed on Wednesday as investors digested a fresh batch of earnings reports ahead of a widely expected interest rate cut by the Federal Reserve later in the day.
Pizza Hut and KFC parent Yum Brands Inc reported quarterly profit below market expectations on Wednesday, hurt by poor performance at GrubHub Inc , the food delivery platform the restaurant operator bought a stake in a year ago.
When Apple Inc reports results on Wednesday, Wall Street expects flat fiscal fourth-quarter sales and lower full-year revenue compared with the prior year, mostly because of declining iPhone sales. Yet Apple’s stock price has hit all-time highs in recent weeks, as has its price-to-earnings valuation.
Bob Udell became the CEO of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) in 2015. First, this article will… …read more […]
The rapid rise of crash-avoidance technology has set carmakers and repair shops on course for a collision that could determine who controls the $800 billion auto aftermarket in the digital age.
How should investors interpret another mixed quarter from General Electric? …read more […]
A wildfire raging in California threatens to destroy more than homes and businesses – it could also undermine bankrupt PG&E Corp’s plan to raise $14 billion to finance the crisis-stricken utility’s turnaround plan.
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