The New York Times Co reported a better-than-expected quarterly profit but the company added fewer paid digital subscribers, sending its shares down about 5 percent in premarket trading.
China is slapping additional import tariffs of 25 percent on $16 billion worth of U.S. goods ranging from oil and steel products to autos and medical equipment, the commerce ministry said, as the world’s two largest economies escalate their trade dispute.
The nation’s historically low unemployment rate may not be telling the whole story of the economy’s strength. …read more […]
HSBC has shifted ownership of its Polish and Irish subsidiaries from its London-based entity to its French unit, and will do so for seven more European branches, as it prepares for Britain’s exit from the European Union.
The mid-tier defense contractor has ambitions to be among the primes. Regardless of whether it gets there or not, there are opportunities for the stock to climb. …read more […]
U.S. stock index futures were flat on Wednesday, as escalating trade tensions between the United States and China overshadowed a strong showing for corporate earnings.
The 126-year-old industrial conglomerate has been divesting assets worth billions from its GE Capital unit since 2015 to focus on jet engines, power plants and renewable energy. The agreement with Starwood also includes the transfer of a team of employees, GE Capital said. The deal, expected to close in the third quarter, will add to Starwood’s core earnings, the real estate investment trust said. …read more […]
New U.S. sanctions against Iran took effect on Tuesday and President Donald Trump, who defied Washington’s allies to impose them, pledged that companies doing business with Tehran would be barred from doing business with the United States.
Thomson Reuters Corp (TRI.TO) (TRI.N) on Wednesday reported a 2 percent rise in quarterly revenue and reaffirmed its 2018 forecast, saying it was on track for a “solid” year. Analysts had expected revenue of $1.31 billion (1 billion pounds) and earnings of 11 cents a share, according to Thomson Reuters I/B/E/S. Thomson Reuters reported a 6-percent decline in operating profit to $204 million, which it said was primarily due to costs and investments ahead of the planned sale of a majority stake in its Financial & Risk business to Blackstone Group LP (BX.N). …read more […]
Thomson Reuters Corp on Wednesday reported a 2 percent rise in quarterly revenue and reaffirmed its 2018 forecast, saying it was on track for a “solid” year. The news and information provider reported second-quarter revenue of $1.31 billion, compared with $1.28 billion a year ago. Adjusted for special items, earnings were 17 cents per share, down from 19 cents per share a year ago.
China and Germany defended their business ties with Iran on Wednesday in the face of President Donald Trump’s warning that any companies trading with the Islamic Republic would be barred from the United States.
Drugstore retailer CVS Health Corp beat analyst estimates for adjusted quarterly profit on Wednesday as it sold more prescription drugs at its stores.
Russia’s standards agency said on Wednesday it had been informed about the recall of 20,702 Toyota cars sold between March 2010 and May 2015.
Thomson Reuters Corp on Wednesday reported a 2 percent rise in quarterly revenue and reaffirmed its 2018 forecast, saying it was on track for a “solid” year.
Twenty-First Century Fox Inc has triggered a 46 day deadline to raise its bid for Sky in a battle with Comcast for control of the British pay-TV group.
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