Business News
U.S. labor costs post largest annual gain since 2008
U.S. labor costs increased in the second quarter as employers boosted benefits for workers, leading to the largest annual increase since 2008.
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Business News
UK lawmakers call for new powers for watchdog after inaction on RBS
Britain’s financial watchdog should get new powers to regulate business loans after it was unable to punish Royal Bank of Scotland for its “deficient” treatment of customers, lawmakers said on Tuesday.
Business News
Pfizer beats profit estimates but lowers 2018 revenue forecast
Pfizer Inc topped Wall Street estimates for quarterly profit on Tuesday, driven by higher sales of its cholesterol and arthritis drugs, but the biggest U.S. drugmaker lowered its full-year revenue forecast due to a stronger dollar.
Business News
Futures edge higher as tech stocks bounce
U.S. stock index futures edged higher on Tuesday, with technology stocks looking to bounce back after a widespread sell-off in the earlier session on rising concerns about the future growth of high-flying companies.
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Better Buy: Enterprise Products Partners L.P. vs. Williams Partners L.P.
These two high-yield energy stocks are fairly evenly matched, but one expects to outgrow the other. …read more […]
Business News
Procter & Gamble quarterly sales below estimates, shares fall
Procter & Gamble Co’s quarterly sales fell below Wall Street estimates on Tuesday, as the consumer products company had a disappointing performance at its grooming unit that makes Gillette razors and shaving products.
Business News
Pulp problems: Why shoppers may pay more for tissues, toilet paper
With toilet roll and tissues swept up in an escalating international trade row, it’s not just Procter & Gamble’s Charmin that’s going to get the squeeze.
Business News
Pfizer beats profit estimates on higher sales of Prevnar, Xeljanz
U.S. drugmaker Pfizer Inc posted a better-than-expected quarterly profit on Tuesday, driven by higher sales of pneumonia vaccine Prevnar and arthritis drug Xeljanz.
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Panasonic expects Tesla battery biz to contribute to profit as early as October
Panasonic Corp on Tuesday said it expects its battery business with U.S. electric vehicle maker Tesla to contribute to profit from the second half of its business year, as production of mass-market Model 3 cars picks up pace.
Business News
Honda resists U.S. tariff hit for now, first-quarter profit at 12-year high
Honda Motor said the impact of U.S. steel and aluminum import tariffs on its bottom line had so far been limited, as it posted a surprise jump in quarterly profits to their highest in more than a decade on improving North American sales.
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Trump Calls Kochs a ‘Total Joke’ After Break With GOP Candidate
President Donald Trump lashed out at the powerful public policy and political network built by billionaires Charles and David Koch after it criticized his leadership and broke with its tradition of backing Republican candidates by declining to support the party’s pick against a vulnerable Democratic senator in North Dakota. “The globalist Koch Brothers, who have become a total joke in real Republican circles, are against Strong Borders and Powerful Trade,” Trump tweeted Tuesday. James Davis, a spokesman for the network, didn’t immediately respond to an email seeking comment. …read more […]
Business News
Pfizer profit rises 26 percent
Pfizer Inc reported a 26 percent rise in quarterly profit on Tuesday, driven by higher sales of its drugs, including breast cancer treatment Ibrance.
Business News
World shares under tech cloud, no lift from Japan’s dovish policy pledge
Reassurance by the Bank of Japan that it will keep its super-easy monetary policies in place for an extended period pushed the yen and global bond yields lower on Tuesday, though mounting concerns about the tech sector kept world stocks under pressure.
Business News
Samsung Electronics profit growth slows as Galaxy S9 misses sales targets
Samsung Electronics Co Ltd posted its slowest quarterly profit growth in more than a year on Tuesday as its Galaxy S9 device missed sales targets and competition heated up, casting doubt on its leadership of the smartphone market.
Business News
BOJ seeks to make its ammunition last longer as options dwindle
Japan’s central bank pledged to keep its massive stimulus in place but made tweaks to reduce adverse effects of its policies on markets and commercial banks, reflecting its view it would take longer for inflation to hit its target.