General Electric Co said on Tuesday it generated more profit and lost less cash than expected in the first quarter, suggesting an improving outlook under its new leader that sent its shares and bonds higher.
Mastercard Inc on Tuesday beat quarterly profit and revenue estimates, as a strong U.S. job market, rising wages and surge in online shopping boosted transaction volumes, sending shares of the world’s second largest payments processor to an all-time high.
U.S. labor costs increased steadily in the first quarter as a jump in transportation and manufacturing wages was offset by small gains elsewhere, pointing to moderate inflation pressures even as the labor market tightens.
Wall Street’s main indexes on Tuesday slipped from all-time highs set in the previous session, after a slump in the shares of Google-parent Alphabet following a revenue miss and a drop in Apple ahead of its results.
HSBC has reshuffled the management of its global banking division, according to an internal memo seen by Reuters on Tuesday, as former JPMorgan banker Greg Guyett puts his stamp on the business he took over in February this year.
President Donald Trump, his three oldest children and the Trump Organization have sued Deutsche Bank AG and Capital One Financial Corp to try to block them from responding to subpoenas issued by U.S. congressional Democrats seeking financial records.
It was a quiet Easter holiday at the offices of major European oil companies and refiners when an email in Russian landed. “What the hell does it say?” one manager recalled thinking as he sent it to his Moscow office for translation.
HealthEquity Inc on Tuesday confirmed its offer to acquire WageWorks Inc in a deal valuing the administrator of employee benefits at about $2.01 billion.
Siemens is well placed to win the bulk of orders flowing from a $14 billion scheme to rebuild Iraq’s electricity infrastructure following years of war, the country’s Prime Minister Adel Abdul Mahdi said in Berlin on Tuesday.
Huawei denied on Tuesday a Bloomberg report saying that mobile operator Vodafone had found so-called hidden “backdoors” in software provided in 2011 by the Chinese company.
McDonald’s Corp lured diners with short-term bacon promotion, value meals and redesigned restaurants that helped lift its U.S. same-store sales above Wall Street estimates for the first time in four quarters on Tuesday.
Wall Street’s main indexes on Tuesday pulled away from all-time highs set in the previous session, following a slump in the shares of Google-parent Alphabet after weak quarterly results.
General Motors Co on Tuesday reported a higher-than-expected quarterly profit, lifted by revaluations of shares it holds in ride-hailing company Lyft Inc and France’s Peugeot SA.
General Electric Co said on Tuesday it generated more profit and lost less cash than expected in the first quarter, suggesting an improving outlook under its new leader that sent its shares up more than 5 percent.
Merck & Co Inc reported a higher-than-expected first-quarter profit on Tuesday and raised its earnings and sales forecasts for the year, boosted by its vaccines business and demand for its cancer immunotherapy Keytruda.
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