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Netflix higher after Q3 earnings results
Netflix Q3 earnings report pushing stocks to move higher. Yahoo Finance’s The Final Round discuss the report results. …read more […]
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Netflix adds more-than-expected subscribers in third quarter
Netflix Inc added more-than-expected paid subscribers in the third quarter, boosted by the launch of new seasons of “Stranger Things” and “13 Reasons Why”, sending its shares up 5% in trading after the bell.
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IBM beats profit estimates on cloud-computing growth
International Business Machines Corp beat analysts’ estimates for third-quarter profit on Wednesday, benefiting from growth in its high-margin cloud-computing business.
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IBM quarterly revenue misses, shares fall
The Armonk, New York-based technology services giant, which wrapped up the mega cloud merger with Linux maker Red Hat Inc earlier this year, has faced years of revenue declines in the process of shifting focus to the cloud from its traditional business. Total revenue fell 3.9% to $18.03 billion, missing analysts’ average estimate of $18.22 billion, according to IBES data from Refinitiv. Revenue from the company’s cloud services, which are driving IBM’s pivot away from established businesses including mainframe servers, rose 11% to $5 billion in the third quarter ended Sept. 30. …read more […]
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Wall Street slips as weak economic data offsets earnings strength
Wall Street lost ground on Wednesday as weak U.S. economic data and simmering geopolitical tensions spooked buyers away from the equities market, despite a string of generally positive third-quarter earnings reports.
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Air Canada drops 737 MAX from flight schedule until February 14
Air Canada said on Wednesday it had removed Boeing Co’s 737 MAX planes from flight schedules until Feb. 14, citing uncertainty around the aircraft’s return to service.
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Edited Transcript of JPM earnings conference call or presentation 15-Oct-19 12:30pm GMT
Q3 2019 JPMorgan Chase & Co Earnings Call …read more […]
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What to expect in Netflix 3Q 2019 earnings
Netflix is set to report third-quarter earnings results after market close Wednesday, giving investors a final look at the company’s performance before new competitors launch their own streaming services next month. …read more […]
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Google's Pixel 4 vs. Apple's iPhone 11
Google just released its new Pixel 4 phone, but how does it compare to the new iPhone 11? Yahoo Finance’s Akiko Fujita, Dan Howley and Dan Roberts break it down. …read more […]
Business News
Teva to donate over $15 billion worth of drugs in opioid settlement: source
Teva Pharmaceuticals is in talks to contribute over $15 billion worth of drugs as part of a settlement to resolve lawsuits alleging it helped fuel the U.S. opioid crisis, a source familiar with the matter told Reuters on Wednesday.
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Oil rises 1% on hopes OPEC will extend supply cuts, weaker U.S. dollar
Oil rose about 1.4% on Wednesday, gaining support due to signs that OPEC and allied producers will continue to curb supplies in December, a weaker U.S. dollar and as traders covered short positions ahead of an industry report on U.S. crude inventories.
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Teva to donate over $15 bln worth of drugs in opioid settlement – source
Teva Pharmaceuticals is in talks to contribute over $15 billion worth of drugs as part of a settlement to resolve lawsuits alleging it helped fuel the U.S. opioid crisis, a source familiar with the matter told Reuters on Wednesday. The news follows media reports that major drug distributors McKesson Corp, AmerisourceBergen Corp and Cardinal Health are discussing with governments to settle thousands of opioid-related lawsuits for $18 billion. The companies, including Teva, are all defendants in a landmark trial set to begin in federal court in Cleveland, Ohio, on Oct. 21, which will be presided over by U.S. …read more […]
Business News
UAW, GM leaders have a deal to end strike, now workers will decide
General Motors Co and the United Auto Workers union reached a tentative deal on Wednesday for a new four-year labor deal, moving closer to ending a costly month-long strike that shut down GM’s most profitable factories in a test of wills over the future of U.S. auto industry jobs.
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United’s Plan to Use Larger Jets to Control Rising Costs
No U.S. airline is on a better financial trajectory than United Airlines. But investment analysts are paid to worry, and they have asked whether United is spending too much money, a habit that could hurt the company if this long-rumored economic downturn occurs sooner rather than later. But speaking Wednesday on their third quarter earnings […] …read more […]
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Iowa Farmers Blast Trump's Dealmaking After EPA Biofuel Plan
(Bloomberg) — Iowa farmers slammed the Trump administration’s plan to alter biofuel-blending quotas, saying it would undermine demand for corn-based ethanol and soybean-based biodiesel.Farmers speaking on a conference call said the Environmental Protection Agency’s plan unveiled Tuesday falls short in the way it changes targets for blending biofuel into petroleum-based fuels under the Renewable Fuel Standard.The biofuel industry made a deal earlier this month with Donald Trump that would help it recover from the heavily criticized waivers that were issued to some oil refiners, but the EPA reneged on the arrangement, Monte Shaw, exective director of the Iowa Renewable Fuels …read more […]