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Bitcoin breaks above $8,300 to two-month peak

July 24, 2018 admin Comments Off on Bitcoin breaks above $8,300 to two-month peak

Bitcoin rose above $8,300 on Tuesday to its highest level in two months, prompted by recent reports about impending approval in the United States for a cryptocurrency exchange-traded fund, which have helped bolster demand in recent sessions.

…read more […]

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Business News

London taxi drivers mull class action suit against Uber

July 24, 2018 admin Comments Off on London taxi drivers mull class action suit against Uber

London cab drivers are examining the possibility of bringing a class action suit against Uber, their association said on Tuesday, after the mobile app was granted a temporary licence renewal to operate in the British capital.

…read more […]

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Business News

London taxi drivers say they are considering class action against Uber

July 24, 2018 admin Comments Off on London taxi drivers say they are considering class action against Uber

London taxi drivers are exploring whether they could bring a class action lawsuit against Uber, their trade body confirmed on Tuesday, after the mobile app was granted a temporary licence renewal to operate in Britain’s capital.

…read more […]

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Facebook sets up subsidiary in China: filing

July 24, 2018 admin Comments Off on Facebook sets up subsidiary in China: filing

Facebook has set up a subsidiary in China with registered capital of $30 million, a filing on China’s National Enterprise Credit Information Publicity System showed.

…read more […]

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Verizon beats profit, revenue estimates on more subscribers

July 24, 2018 admin Comments Off on Verizon beats profit, revenue estimates on more subscribers

Verizon Communications Inc reported better-than-expected quarterly profit and revenue on Tuesday, as the No. 1 U.S. wireless carrier attracted more subscribers with unlimited data plans.

…read more […]

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Stock futures rise as Alphabet gains, lifts FAANG stocks

July 24, 2018 admin Comments Off on Stock futures rise as Alphabet gains, lifts FAANG stocks

U.S. stock index futures rose on Tuesday, as Alphabet’s strong results lifted other high-growth technology companies, adding to a robust earnings season in the backdrop of a U.S.-China trade war and a strengthening dollar.

…read more […]

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Biogen beats estimates on Spinraza sales, raises forecast

July 24, 2018 admin Comments Off on Biogen beats estimates on Spinraza sales, raises forecast

Biogen Inc reported a better-than-expected quarterly profit on Tuesday and raised its forecast for 2018 adjusted earnings, driven by strong demand for its spinal muscular atrophy drug Spinraza, sending its shares up 3 percent.

…read more […]

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China’s caffeine war: Fast-growing Luckin brews up a threat to Starbucks

July 24, 2018 admin Comments Off on China’s caffeine war: Fast-growing Luckin brews up a threat to Starbucks

Qian Zhiya may be Starbucks’ worst nightmare.

…read more […]

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Business News

EU fines Philips, Asus, Pioneer, Denon & Marantz total 111 million euros

July 24, 2018 admin Comments Off on EU fines Philips, Asus, Pioneer, Denon & Marantz total 111 million euros

EU antitrust authorities handed down a total fine of 111.2 million euros ($130.1 million) to Philips , Pioneer , Asus and Denon & Marantz on Tuesday for fixing online resale prices.

…read more […]

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Eli Lilly spins off animal health unit, second quarter beats

July 24, 2018 admin Comments Off on Eli Lilly spins off animal health unit, second quarter beats

Eli Lilly and Co on Tuesday said it would spin off its Elanco animal health business into a publicly-traded company and posted better-than-expected quarterly profit helped by demand for its diabetes drugs Trulicity and Humalog.

…read more […]

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London taxi drivers plot to sue Uber for over $1.5 billion: Sky News

July 24, 2018 admin Comments Off on London taxi drivers plot to sue Uber for over $1.5 billion: Sky News

London taxi drivers are drawing up a plan to sue mobile app Uber for over 1 billion pounds ($1.3 billion), Sky News reported on Tuesday citing unidentified sources, weeks after it was granted a temporary licence to operate in Britain’s capital.

…read more […]

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Business News

Bitcoin surpasses $8,000 to hit two-month high

July 24, 2018 admin Comments Off on Bitcoin surpasses $8,000 to hit two-month high

Bitcoin, the world’s best-known cryptocurrency, shot past $8,000 on Tuesday for the first time in two months on signs of growing institutional interest in virtual coins.

…read more […]

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Harley-Davidson profit tops estimates on overseas sales

July 24, 2018 admin Comments Off on Harley-Davidson profit tops estimates on overseas sales

Harley-Davidson Inc’s profit topped Wall Street estimates on Tuesday for the sixth straight quarter, as sales of its bikes overseas edged up, although the company warned that new EU tariffs would squeeze its operating margins.

…read more […]

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Business News

Biogen quarterly sales rise 9 percent

July 24, 2018 admin Comments Off on Biogen quarterly sales rise 9 percent

Biogen Inc reported a 9 percent rise in quarterly revenue on Tuesday, helped by demand for its spinal muscular atrophy drug Spinraza.

…read more […]

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Business News

Eli Lilly posts quarterly loss

July 24, 2018 admin Comments Off on Eli Lilly posts quarterly loss

Eli Lilly and Co posted a second-quarter loss on Tuesday, hurt by acquisition-related charges to the tune of $1.62 billion.

…read more […]

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