(Reuters) – American International Group Inc executives on Thursday defended their strategy for transforming the company, saying some key improvements would take hold by year-end, but failed to convince investors as shares slid more than 8 percent.
WASHINGTON (Reuters) – The U.S. trade deficit narrowed sharply in March as exports increased to a record high amid a surge in deliveries of commercial aircraft and soybeans, bolstering the economy’s outlook heading into the second quarter.
Even as Amazon continues to grow at a staggering rate, it is pumping the …read more […]
The Dutch microchip maker reported fairly decent first-quarter results, but management didn’t have much to say about the pending merger with Qualcomm. …read more […]
Regeneron Pharmaceuticals Inc disappointed Wall Street with lower-than-expected sales of its newer treatments, eczema medicine Dupixent and heart drug Praluent, exacerbating concerns over the company’s future sales growth as its best-selling eye drug Eylea faces more competition. Regeneron is bracing for a hit to Eylea’s sales by focusing on expanding Dupixent’s label to reach more patients and venturing into the hot new field of immuno-oncology with a potential regulatory approval later this year. Just two days ago, Regeneron and partner Sanofi SA slashed the price on Praluent by more …read more […]
LONDON (Reuters) – Bank of America will relocate up to 125 jobs from Britain mostly to Ireland as it prepares for Britain’s exit from the European Union, according to a corporate filing.
TORONTO (Reuters) – A group of Canadian coffee chain Tim Horton’s U.S. franchisees said on Thursday it is suing parent company Restaurant Brands International , escalating growing tensions between the company and owners of its U.S. and Canadian coffee shops.
It’s a mass of random improvements, scattered all over its 50 million lines of code. …read more […]
(Reuters) – Bombardier Inc said on Thursday it will stick by its remaining commercial aerospace program after agreeing to sell its biggest land asset, as the Canadian plane and train maker strives to raise cash to pay down its debt.
(Reuters) – Music streaming service Spotify Technology SA’s shares fell 9 percent in early trading on Thursday as the company’s first quarterly report underwhelmed in the face of heightened Wall Street hype.
WASHINGTON (Reuters) – The U.S. trade deficit narrowed sharply in March as exports increased to a record high amid a surge in deliveries of commercial aircraft and soybeans, bolstering the economy’s outlook heading into the second quarter.
LONDON (Reuters) – Britain’s Rolls-Royce is working quickly to repair problems with some of its Trent 1000 engines that have left planes grounded, it said on Thursday, adding it remained confident the cost would not cause it to miss financial forecasts. Rolls-Royce was questioned at its annual shareholder meeting about problems with the Trent 1000 package C, the engine used to power some Boeing Dreamliner 787 planes, in what is a new headache for a company in turnar
(Reuters) – U.S. stocks headed lower on Thursday as investors remained wary about the outcome of U.S.-China trade talks, while a slew of disappointing earnings weighed on the indexes.
May 3 – New orders for U.S.-made goods rose more than expected in March, boosted by strong demand for transportation equipment and a range of other products, but there are signs that business spending on equipment is slowing.
LONDON (Reuters) – As speculation about interest rate rises and policy ‘normalization’ in the euro zone, Japan, Britain and China falls away rapidly, the U.S. Federal Reserve’s now lonely monetary tightening has suddenly supercharged the dollar.
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