Business & Finance News
Boeing Co reported a 53% drop in quarterly profit on Wednesday as the world’s largest planemaker was hurt by the grounding of its best-selling 737 MAX jets.
World stock markets struggled on Wednesday, as hopes faded that a Brexit deal would be wrapped by next week and a profit warning from Texas Instruments pulled down technology shares.
Blackstone Group Inc , the world’s largest manager of alternative assets such as private equity and real estate, said on Wednesday that its distributable earnings in the third quarter fell 8% year-on-year, surpassing most analyst estimates.
Eli Lilly and Co’s quarterly sales missed Wall Street estimates on Wednesday due to a weaker-than-expected performance of its diabetes drug Trulicity because of lower realized prices, sending shares down 3%.
U.S. electronics factories are investing less and slowing hiring or laying off workers in some cases due to the rising costs of trade tariffs, according to an industry survey set for release on Wednesday.
U.S. exchange operator Nasdaq Inc beat Wall Street estimates for third-quarter profit on Wednesday, boosted by higher revenue in its units that provide news and other information to traders.
Eli Lilly and Co raised its 2019 profit forecast after reporting a better-than-expected quarterly profit on Wednesday, helped by performance of its diabetes drug, Humalog, and lower tax bill.
Samsung Electronics Co Ltd has updated software to fix problems with fingerprint recognition features on its flagship Galaxy S10 and Note 10 smartphones, it said on Wednesday.
Caterpillar Inc reported a 13.5% fall in quarterly profit on Wednesday, hit by weak demand in its construction and resources units, and the company cut its 2019 profit forecast.
Anthem Inc reported a better-than-expected quarterly profit on Wednesday as it benefited from higher sales of its government-backed health plans, prompting the health insurer to raise its full-year profit forecast.
Heineken , the world’s second-largest brewer, forecast profit this year would be at the bottom end of its previous guidance after an unexpected dip in third-quarter sales in the Americas partly offset strong growth in Asia.
Facebook Inc chief executive Mark Zuckerberg will be grilled by lawmakers over the company’s plan to launch a digital currency and efforts to prevent foreign election interference when he appears before a Congressional panel on Wednesday.
Tesla Inc is conducting trial production runs at its new $2 billion China factory for the past several weeks and will sell some of the first cars from the plant to its employees, sources told Reuters.
China’s premier Li Keqiang says cooperation between China and the United States can create mutual benefit, as negotiations between the world’s two largest economies over a trade war continue to drag on.
World stock markets fell on Wednesday, as hopes faded that a Brexit deal would be wrapped by next week and a profit warning from Texas Instruments pulled down tech shares.
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