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Boeing to incur charge related to sale of production facilities
Boeing Co said on Friday it would incur a charge of $124 million in the second quarter related to the sale of some production facilities to Spirit Aerosystems .
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Upcoming Tech Earnings to Watch: NFLX, MSFT, SWKS
Earnings growth is expected to be aplenty this season–although it will take a strong batch of marquee reports for investors to overlook global trade war uncertainty. One important battleground will be in the technology sector. Here are the most important tech earnings reports to watch next week. …read more […]
Business News
U.S. banks gain from Washington policy changes but trade worries loom
Second-quarter earnings reports from three of the biggest U.S. banks on Friday showed the sector is benefiting from policy changes in Washington that have lowered their taxes, boosted interest rates and allowed them to buy back more stock.
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Jury Awards Nearly $4.7 Billion In Powder Case
A St. Louis jury awarded nearly $4.7 billion in total damages to 22 women and their families after they claimed asbestos in Johnson & Johnson talcum powder contributed to their ovarian cancer. (July 13) …read more […]
Business News
Comcast to pay advisers as much as 243 million pound in fees for Sky takeover
Comcast expects to pay the banks, law firms and other advisers on its 25.9 billion pound ($34.23 billion) bid for Sky as much as 243 million pounds if it wins the battle for the British broadcaster, the U.S. cable giant said on Friday.
Business News
Wells Fargo’s loan book shrinks, profit misses estimates
Wells Fargo & Co said on Friday its loan book shrank and it raked in less fee revenue than a year ago, factors that contributed to lower-than-expected quarterly profit and sent its shares down nearly 2 percent.
Business News
S&P hits five-month high as industrials, energy boost; banks weigh
The benchmark S&P 500 hit a more than five-month high on Friday as gains in industrials and energy companies offset a drop in financials after a mixed bag of quarterly results from three big Wall Street banks.
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Amazon's share of the US e-commerce market is now 49%, or 5% of all retail spend
Amazon has already been in the crosshairs of the White House when it comes to …read more […]
Business News
U.S. lifts ban on suppliers selling to China’s ZTE
The U.S. Department of Commerce on Friday lifted a ban on U.S. companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume business. The Commerce Department had said it would remove the ban after ZTE paid a $1 billion penalty and placed $400 million in a U.S. bank escrow account as part of a settlement reached last month.
Business News
AT&T CEO confident Time Warner deal on solid ground
The U.S. Justice Department has only a remote chance of overturning AT&T Inc’s takeover of Time Warner, Chief Executive Randall Stephenson said on Friday, while warning the case could affect bidding for Twenty-First Century Fox Inc.
Business News
Donald Trump meets Britain’s Queen Elizabeth at Windsor Castle
U.S. President Donald Trump met Britain’s Queen Elizabeth at Windsor Castle on Friday.
Business News
Industrials, energy push S&P to five-month high; banks weigh
The benchmark S&P 500 edged back to five-month highs on Friday as gains in industrials and energy companies more than offset a drop in financials after a mixed bag of quarterly reports from three big Wall Street banks.
Business News
U.S. ban on China’s ZTE lifted
The U.S. Department of Commerce on Friday lifted a ban on U.S. companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume business. The Commerce Department had said it would remove the ban after ZTE paid a $1 billion penalty and placed $400 million in a U.S. bank escrow account as part of a settlement reached last month.
Business News
Trade data lifts U.S. dollar; stocks flat on mixed earnings
The safe-haven U.S. dollar touched to a two-week high on Friday after data showed a record Chinese trade surplus, while Wall Street stocks were little changed on mixed bank earnings and gains in industrials.
Business News
Trump vows ‘great’ trade deal with UK, abruptly changing tack on May’s Brexit plan
President Donald Trump said on Friday the United States and Britain could secure a “great” post-Brexit trade deal, lavishing praise on Prime Minister Theresa May and contradicting his own withering assessment of her strategy publicized hours earlier.