Trading Ideas
Why AT&T, Inc. Shares Fell 6.9% Lower Today
The telecom giant’s first-quarter report failed to inspire investors and analysts. …read more […]
Articles by admin
Business News
MetLife trims compensation for CEO, CFO in year marked by errors
(Reuters) – MetLife Inc reduced total 2017 compensation for its chief executive and chief financial officer, a year marked by two key errors, including payments it failed to make to pensioners whom it could not locate, according to a filing on Thursday.
Trading Ideas
GM 1Q earnings fall 60 percent, triggering stock slide
General Motors’ first-quarter net income fell 60 percent from a year ago, and its shares fell even though the numbers beat Wall Street estimates. GM says earnings and revenue fell because shipments to dealers dropped as factories were closed to retool for new full-size pickup trucks. Shares of GM tumbled 2.4 percent to $37.18 in Thursday midday training. …read more […]
Trading Ideas
Senate panel advances bill protecting special counsel
The Senate Judiciary Committee voted Thursday protect special counsel Robert Mueller’s job, putting the matter in the hands of Senate Majority Leader Mitch McConnell, who has said he won’t let the bill reach Senate floor. Republicans have split amid President Donald Trump’s repeatedly criticism of Mueller’s Russia investigation. …read more […]
Trading Ideas
Bristol-Myers raises 2018 forecast, some sales disappoint
Bristol-Myers Squibb Co on Thursday significantly raised its full-year earnings forecast even as first-quarter sales of some medicines fell short of expectations and sent shares of the U.S. drugmaker down … …read more […]
Business News
Airbus heads for dogfight with UTC over CSeries costs
PARIS/MONTREAL (Reuters) – Airbus is preparing to cross swords with United Technologies over the price of components and services for the Bombardier CSeries in a bid to make it easier to market the jet it agreed to bail out last year, people close to the matter said.
Business News
Wall Street jumps as tech roars back, yields retreat
(Reuters) – Facebook’s 9.2 percent jump after blockbuster results and gains in chipmakers powered technology stocks on Thursday, with easing U.S. bond yields helping the sentiment on Wall Street.
Trading Ideas
ConocoPhillips profit tops estimates on rising oil prices, cost cuts
ConocoPhillips (COP.N), the world’s largest independent oil and natural gas exploration and production company, posted a bigger-than-expected quarterly profit on Thursday, helped by rising crude prices (CLc1) and cost cuts. Results at Conoco, like many of its peers, have steadily improved in recent quarters alongside commodity prices and as better technology makes operations more efficient. Also, Conoco’s stock has risen as the company has prioritized cost cuts and asset sales over production increases. …read more […]
Business News
U.S. business spending on equipment cooling; labor market strong
WASHINGTON (Reuters) – New orders for key U.S.-made capital goods fell in March, weighed down by the biggest decline in demand for machinery in nearly two years, and a drop in shipments cemented expectations that business spending on equipment slowed in the first quarter.
Business News
EU strikes deal forcing Netflix, Amazon to fund European content
BRUSSELS (Reuters) – EU lawmakers and member states on Thursday struck a deal that will allow countries to force online streaming services including Netflix and Amazon’s video service to help fund the production of European films and TV shows.
Newsmakers
Zoetis (NYSE: ZTS) to Expand Animal Vaccine Research and Manufacturing in Suzhou, China
SHANGHAI–Zoetis Inc. (NYSE: ZTS) today celebrated the start of construction on a combined global manufacturing and supply and research and development center in Suzhou, China, with a traditional groundbreaking ceremony. The new facility will focus […]
Business News
New York Times names company veteran Roland Caputo as CFO
(Reuters) – The New York Times Co on Thursday named Roland Caputo as its next chief financial officer, tapping a company veteran to succeed James Follo whose retirement was announced in October.
Trading Ideas
Bookings for Southwest fall after fatal accident
DALLAS (AP) — Southwest Airlines says bookings are down since the fatal accident on one of its planes last week. …read more […]
Trading Ideas
Ronny Jackson withdraws from consideration for VA chief
President Donald Trump’s pick to lead Veterans Affairs, Ronny Jackson, withdrew Thursday in the wake of late-surfacing allegations about overprescribing drugs and poor leadership while serving as a top … …read more […]
Business News
Wall Street rises as tech earnings impress, yields pull back
(Reuters) – Wall Street stocks rose on Thursday, as strong earnings from Facebook and a handful of chipmakers powered technology stocks, and U.S. bond yields pulled back.