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Facebook, Google, Twitter urged to do more to combat fake news in EU
Facebook , Google and Twitter must do more to tackle fake news or face regulatory action, the European Commission said on Tuesday.
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Pfizer beats profit estimates, raises 2019 earnings forecast
Pfizer Inc posted a third-quarter profit well ahead of analysts’ estimates on higher sales of breast cancer drug Ibrance and raised its earnings forecast for the year, sending the largest U.S. drugmaker’s shares up 3%.
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ConocoPhillips profit slumps 43% on lower oil prices, higher costs
ConocoPhillips reported a 43% drop in adjusted quarterly profit on Tuesday, dragged by lower crude prices and higher exploration expenses.
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KKR's Q3 earnings slide 23% as weaker deal activity hits revenue
Private equity firm KKR & Co reported a 23% year-on-year drop in its third-quarter, after-tax distributable profit on Tuesday, as transaction fee revenue slid amid a broader slowdown in asset sales by buyout firms chasing lofty valuations. KKR said after-tax distributable earnings – the cash available for paying dividends – fell to $388.8 million in the three months ended Sept. 30, compared with $496.7 million a year earlier. Many private equity firms, including KKR, have sold fewer companies this year, even though the U.S. stock market is hovering near all-time highs, as potential acquirers balk at their valuation …read more […]
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Merck profit beats estimates as Keytruda sales surge
Merck & Co Inc reported a better-than-expected quarterly profit on Tuesday and raised its full-year earnings forecast as sales of its blockbuster immunotherapy, Keytruda, crossed the $3 billion mark for the first time in a single quarter.
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AT&T to reveal HBO Max pricing, details at WarnerMedia investor day
AT&T Inc executives on Tuesday are expected to reveal new details about pricing, programming and distribution of the company’s forthcoming HBO Max streaming video service as they plot the phone giant’s entrance into the streaming war.
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Is It Too Late To Consider Buying Cummins Inc. (NYSE:CMI)?
Today we’re going to take a look at the well-established Cummins Inc. (NYSE:CMI). The company’s stock received a lot… …read more […]
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Stocks cling to gains on trade hopes, mixed earnings weigh on Europe
World stocks hovered near a 15-month high on Tuesday underpinned by cautious optimism over a Sino-U.S trade deal and expectations of another dose of policy stimulus from the Federal Reserve, with safe havens such as gold and yen on the back foot.
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First-time homebuyers will lift housing market through 2022: TransUnion
The housing market is expected to get a boost from first-time homebuyers, proving that millennials do want to buy a house, after all, according to a new analysis. …read more […]
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Merck quarterly profit falls on deal-related charge
Drugmaker Merck & Co Inc reported a drop in third-quarter profit on Tuesday, hit by a $982 million charge related to its acquisition of Peloton Therapeutics.
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China to ease foreign investments curbs, won’t force tech transfers: vice minister
China will eliminate all restrictions on foreign investments not included in its self-styled “negative lists”, a vice commerce minister said on Tuesday, signaling upcoming directives.
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Swedish, Estonian regulators advance Swedbank probe
Swedish and Estonian financial regulators have opened sanction cases into Swedbank over anti-money laundering controls at its Baltic operations, they said on Tuesday, a formal step in an ongoing investigation that could lead to a financial penalty.
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Oil slips toward $61 as U.S. inventories seen rising
Oil slipped toward $61 a barrel on Monday, falling for a second day, pressured by expectations for a rise in U.S. crude inventories and fading optimism over a U.S.-China trade deal.
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Air Canada profit misses estimates, weighed by 737 MAX grounding
Air Canada on Tuesday reported lower-than-expected third-quarter profit, hurt by lower flight capacity in the wake of the grounding of Boeing Co’s 737 MAX airplanes.
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Are Investors Undervaluing The Boeing Company (NYSE:BA) By 41%?
Does the October share price for The Boeing Company (NYSE:BA) reflect what it’s really worth? Today, we will estimate… …read more […]