(Reuters) – U.S. stocks slipped on Tuesday as the latest batch of earnings from companies such as Pfizer and Tapestry disappointed investors already concerned about rising costs and protectionist policies.
U.S. enginemaker Cummins Inc said on Tuesday it was widening field repairs to include engines produced between 2010 and 2015 as it strives to quell regulators’ concerns that have already cost the company almost $200 million. In a first quarter results release that beat expectations on all main performance measures, the company took an initial charge of $187 million in relation to moves to upgrade engines after some systems failed emissions tests last year. It also warned of further charges of up to $400 million in the second quarter if …read more […]
(Reuters) – U.S. insurer MetLife Inc said on Tuesday John Hele retired as chief financial officer and will be succeeded by the company’s treasurer John McCallion.
(Reuters) – U.S. stocks opened lower on Tuesday after disappointing results from Pfizer, while concerns about inflation, rising costs and protectionist policies remained.
(Reuters) – U.S. stock index futures were down slightly on Tuesday after disappointing results from Pfizer, while investor concerns about inflation, rising costs and protectionist policies continued.
LONDON (Reuters) – Britain’s media secretary Matt Hancock will give his verdict on Rupert Murdoch’s 18-month pursuit of Sky by June 13, potentially paving the way for the mogul’s Fox to take on Comcast in the battle for the British TV group.
LONDON (Reuters) – The dollar broke into positive territory for the year and bond yields were creeping higher again on Tuesday, as the recent rise in oil prices fuelled bets that the U.S. Federal Reserve will flag more interest rate hikes this week.
(Reuters) – Leading U.S. drugmaker Pfizer Inc racked up its biggest miss on sales in a year in the first quarter, hurt by lower-than-expected sales of blockbuster breast cancer drug Ibrance and arthritis drug Xeljanz.
President Donald Trump said Tuesday it’s “disgraceful” that a list of questions that the special counsel investigating Russian election interference wants to ask him was “leaked” to the news media. The New York Times late Monday published the nearly four dozen questions given to Trump’s attorneys, covering Trump’s motivations for firing FBI Director James Comey last May and contacts between Trump campaign officials and Russians. “It is so disgraceful that the questions concerning the Russian Witch Hunt were ‘leaked’ to the media,” Trump tweeted Tuesday. …read more […]
(Reuters) – Pfizer Inc’s quarterly revenue missed analysts’ estimates on Tuesday, hurt by lower-than-expected sales of blockbuster breast cancer drug Ibrance and arthritis drug Xeljanz.
LONDON (Reuters) – Britain’s Royal Bank of Scotland is to cut around 792 jobs and close 162 branches following a review of its branch network in England and Wales, the bank said on Tuesday.
Merck reported a 6 percent revenue jump in the first quarter, but profits plunged by more than half due to sharply higher research and development costs. Much of that increase was due to a $1.4 billion … …read more […]
(Reuters) – U.S. stock index futures treaded water on Tuesday, as strong earnings failed to excite investors who instead fretted about inflation, rising costs and protectionist policies.
(Reuters) – Drugmaker Merck & Co reported a better-than-expected first-quarter profit on Tuesday, helped by a more than 150 percent rise in sales of cancer drug Keytruda.
(Reuters) – Toy maker Hasbro Inc has agreed to acquire children’s entertainment and merchandising franchises, including the characters of the superhero TV show Power Rangers, from Saban Entertainment for around $520 million in cash and stock, people familiar with the matter said on Tuesday.
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