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Business News

Goldman Sachs pressed on strategy as new CEO confirmed

July 17, 2018 admin Comments Off on Goldman Sachs pressed on strategy as new CEO confirmed

Goldman Sachs Group Inc was pressed for details on new businesses after an uneven second-quarter performance, a likely preview of challenges incoming Chief Executive David Solomon will face as he leads the Wall Street bank’s overhaul.

…read more […]

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Business News

Ryanair cancels 1 percent of flights on Friday as strike crisis deepens

July 17, 2018 admin Comments Off on Ryanair cancels 1 percent of flights on Friday as strike crisis deepens

Ryanair plans to cancel only 1 percent of its flights during a strike by Ireland-based pilots on Friday, but Europe’s largest low-cost airline is bracing for far wider industrial action across five countries next week.

…read more […]

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Business News

UK PM May narrowly avoids defeat in parliament on trade laws

July 17, 2018 admin Comments Off on UK PM May narrowly avoids defeat in parliament on trade laws

British Prime Minister Theresa May narrowly avoided a defeat in parliament at the hands of pro-EU lawmakers from her own party on Tuesday, fending off a rebellion that threatened to worsen a crisis over her Brexit strategy.

…read more […]

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Business News

UK PM May suffers parliament defeat over plans to leave European medicines network

July 17, 2018 admin Comments Off on UK PM May suffers parliament defeat over plans to leave European medicines network

Prime Minister Theresa May suffered an embarrassing defeat on a trade law that means ministers must now seek to secure an agreement that allows Britain to have continued participation in the European medicines regulatory framework.

…read more […]

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Business News

UK PM May defeats rebels over plans to remain in EU customs union

July 17, 2018 admin Comments Off on UK PM May defeats rebels over plans to remain in EU customs union

British Prime Minister Theresa May narrowly avoided a defeat in parliament at the hands of pro-EU lawmakers from her own party on Tuesday, fending off a rebellion that threatened to worsen a crisis over her Brexit strategy.

…read more […]

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Business News

Wall Street gains on Powell comments, J&J results; Netflix drags

July 17, 2018 admin Comments Off on Wall Street gains on Powell comments, J&J results; Netflix drags

U.S. stock indexes rose on Tuesday after Federal Reserve Chairman Jerome Powell gave a robust view of the U.S. economy and strong earnings from healthcare giant Johnson & Johnson reinforced expectations of a solid earnings season.

…read more […]

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Business News

Social media companies defend filtering practices before Congress

July 17, 2018 admin Comments Off on Social media companies defend filtering practices before Congress

Facebook Inc , Alphabet Inc and Twitter Inc told a U.S. House panel on Tuesday that the social media companies are not discriminating against content for political reasons.

…read more […]

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Business News

EU chief to visit Trump on July 25 for trade talks

July 17, 2018 admin Comments Off on EU chief to visit Trump on July 25 for trade talks

European Commission President Jean-Claude Juncker will visit U.S. President Donald Trump in Washington on July 25 to discuss strained trade ties.

…read more […]

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Trading Ideas

Why AT&T Stock Fell 17.4% in the 1st Half of 2018

July 17, 2018 admin Comments Off on Why AT&T Stock Fell 17.4% in the 1st Half of 2018

Ma Bell has had a tough 2018 so far, and it looks like there’s more uncertainty ahead. …read more […]

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Business News

UK’s May offers trade bill compromise but rebels vow to fight on

July 17, 2018 admin Comments Off on UK’s May offers trade bill compromise but rebels vow to fight on

Britain’s government cannot accept a plan put forward by pro-European Union rebels in parliament that could see Britain stay in the bloc’s customs union, junior trade minister George Hollingbery told parliament on Tuesday.

…read more […]

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Business News

BAE says international partners to join UK fighter project in 2019

July 17, 2018 admin Comments Off on BAE says international partners to join UK fighter project in 2019

BAE System’s CEO said international partners would be brought in to help to develop Britain’s proposed new fighter jet in 2019, also signaling that teaming up with a rival Franco-German project in future was possible.

…read more […]

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Trading Ideas

UnitedHealth posts big profit jump but sees room to improve

July 17, 2018 admin Comments Off on UnitedHealth posts big profit jump but sees room to improve

UnitedHealth Group easily topped profit expectations during the second-quarter and hiked its outlook for the third time this year, but company shares were punished Tuesday for a performance that even company executives believe falls short of the health insurer’s full potential. …read more […]

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Business News

EU’s Vestager to brief Google CEO ahead of record Android fine: source

July 17, 2018 admin Comments Off on EU’s Vestager to brief Google CEO ahead of record Android fine: source

EU antitrust chief Margrethe Vestager will brief Google CEO Sundar Pichai by telephone later on Tuesday on her ruling on the company’s Android mobile operating system, a person familiar with the matter said.

…read more […]

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Business News

J&J beats quarterly expectations on drug sales surge, shares jump

July 17, 2018 admin Comments Off on J&J beats quarterly expectations on drug sales surge, shares jump

Johnson & Johnson on Tuesday reported better-than-expected second quarter profit as sales of pharmaceuticals surged 20 percent despite a sharp decline in blockbuster arthritis drug Remicade, and its shares rose more than 4 percent.

…read more […]

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Business News

AirAsia’s Fernandes undecided on plane order, no plans to attend Farnborough

July 17, 2018 admin Comments Off on AirAsia’s Fernandes undecided on plane order, no plans to attend Farnborough

AirAsia Group Bhd CEO Tony Fernandes said the group had not yet taken a decision on which aircraft manufacturer to pick for new plane orders and that he was not planning to go to this week’s air show in Farnborough, England.

…read more […]

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