Business & Finance News
Morgan Stanley beat estimates for quarterly profit on Thursday, buoyed by higher revenue from bond trading and M&A advisory fees, sending its shares up 4% in premarket trading.
Wall Street cheered a rebound in Netflix subscribers in the third quarter, driving shares in the firm 9% higher on Thursday even as analysts warned conservative estimates for the next three months may be a hint of less certain times ahead.
Passengers with Norwegian Air and New York’s JetBlue Airways will be able to fly between Europe and the United States and make connecting flights on a single booking, under a planned partnership.
Wall Street was set for a higher open on Thursday, after Britain struck a preliminary last-minute deal with the European Union helping to ease some geopolitical jitters, while upbeat earnings from Netflix and Morgan Stanley affirmed a strong start to the reporting season.
Morgan Stanley beat estimates for quarterly profit on Thursday, buoyed by higher revenue from bond trading and M&A advisory fees.
A slowdown in India and China put a brake on Unilever’s quarterly sales growth, highlighting the challenges facing Chief Executive Alan Jope as he tries to boost the consumer goods giant’s business in emerging markets.
Confirmation of a new Brexit deal lit a fire under Europe’s financial markets on Thursday, sending sterling to a five-month high, European stocks to a year-and-a-half peak and causing safe-haven assets to plummet.
Oil prices fell on Thursday as industry data showed a larger-than-expected build-up in U.S. inventories but losses were limited after the United Kingdom and the European Union announced they had reached a deal on Brexit.
Diversified manufacturer Honeywell International Inc fell short of Wall Street estimates for quarterly revenue on Thursday and cut its full-year sales forecast, as its customers rein in spending amid a slowing global economy.
Norwegian Air and New York’s JetBlue Airways have agreed to form a partnership that will allow customers to book flights on each others’ aircraft, with a planned startup in mid-2020, lifting Norwegian Air’s shares.
Honeywell International Inc reported a 30% fall in quarterly profit on Thursday, as it sold off some businesses last year.
Norwegian Air and JetBlue Airways have agreed to form a partnership that will allow customers to book flights on each others’ aircraft, with a planned startup in mid-2020, Norwegian said in a statement on Thursday.
China hopes to reach a phased agreement in a protracted trade dispute with the United States and cancel tariffs as soon as possible, the Commerce Ministry said on Thursday, adding that trade wars had no winners.
Sterling faltered on Thursday and Europe’s main stock markets went in and out of the red as hopes for a smooth Brexit ran into familiar Irish border snags.
Unizo Holdings’ top shareholder Elliott Management pushed the Japan hotel operator to accept a $1.6 billion tender offer from Blackstone Group , warning it would take “all available measures” if it fails to do its “fiduciary duty”.
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