U.S. refiner Marathon Petroleum Corp on Thursday beat estimates for quarterly profit, as it transported more crude through its pipelines and benefited from higher sales from its gas stations business.
Verizon Communications Inc on Thursday beat second-quarter profit estimates as the largest U.S. mobile carrier added far more net new phone subscribers who pay a monthly bill than expected.
Yum Brands Inc on Thursday reported better-than-expected sales at established restaurants, powered by growth across all its chains – KFC, Pizza Hut and Taco Bell.
Canada’s Bombardier Inc on Thursday reported a larger quarterly loss than analysts had expected, and lowered its full-year earnings forecast, as the company wrestled with challenges in its key rail division.
The apparent suicide of India’s coffee baron V.G. Siddhartha, under investigation by tax authorities, has inflamed anger toward the government among business leaders who feel it is going too far in its crackdown on fraud and tax evasion.
U.S. refiner Marathon Petroleum Corp reported a 4.8% rise in quarterly profit on Thursday, as strength in its midstream and retail segments more than offset a fall in refining income.
Factory activity contracted across Asia and Europe in July, fuelling worries a prolonged U.S.-China trade war and an economic slowdown could tilt the world toward recession, which central banks would have to fight with depleted ammunition.
Bombardier Inc reported a quarterly loss on Thursday, compared with a year-ago profit, as the Canadian plane and train maker wrestled with challenges in its key rail division.
Cigna Corp reported a nearly 75% rise in quarterly profit on Thursday helped by a surge in revenue from its health services unit, which includes the Express Scripts pharmacy benefits business it acquired last year.
London Stock Exchange Group has agreed to buy Refinitiv for $27 billion, broadening its global footprint in financial data and market infrastructure to compete better with rivals like ICE and CME.
Australian lawyers filed a class action lawsuit against Toyota Motor Corp’s local unit on Thursday, claiming some models of the carmaker’s top-selling vehicles Hilux, Prado and Fortuner were fitted with defective parts.
The dollar charged to its highest in more than two years on Thursday after the Federal Reserve spoiled hopes of a run of U.S. interest rate cuts.
BMW’s Chief Executive Harald Krueger on Thursday said he hoped that British Prime Minister Boris Johnson would consider business interests as he prepares to negotiate Britain’s exit from the European Union.
Britain’s London Stock Exchange has agreed to buy financial information provider Refinitiv in a $27 billion deal aimed at offering trading across regions and currencies and positioning the company as a competitor to Bloomberg.
Oil dropped below $65 a barrel on Thursday, declining for the first time in six days, after the U.S. Federal Reserve dampened hopes for a string of interest rate cuts and as rising U.S. output helped keep the market well supplied.
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