Business & Finance News
U.S. stocks opened higher on Tuesday, led by gains in technology stocks and upbeat earnings from a handful of companies including Coca-Cola and Twitter.
European Union regulators are refusing to cut British-based banks any slack over bulking up in the bloc in preparation for Brexit, despite an extension to the process which some have taken as an opportunity to drag their feet.
Twitter Inc on Tuesday posted better-than-expected quarterly revenue and a surprise increase in monthly active users, showing its efforts to police spam accounts and abusive posts were helping lure more users and advertising dollars.
U.S. stocks were set to open slightly higher on Tuesday, as better-than-expected results from Coca-Cola, Twitter and a handful of industrial companies supported investor sentiment amid concerns about slowing profits.
Harley-Davidson Inc surged past expectations for first-quarter profit on Tuesday and drew a change of tack from U.S. President Donald Trump, who vowed to protect the motorcycle maker from European tariffs, driving its shares up 3 percent.
A management shake-up at Europe’s Airbus accelerated on Tuesday as Nicolas Chamussy was replaced as the head of Space Systems.
Coca-Cola Co’s quarterly sales and profit beat Wall Street estimates on Tuesday, as it sold more of its water and soft drinks including its signature soda and Coke Zero, sending its shares up about 4 percent before the bell.
Fund manager BlackRock will not support Bayer’s management in a key vote at its annual general meeting (AGM) on Friday, two people familiar with the situation told Reuters.
The U.S. National Highway Traffic Safety Administration said Tuesday it is expanding a probe into potentially defective air bags to 12.3 million vehicles.
Lockheed Martin Corp reported a 47 percent jump in quarterly profit on Tuesday and raised its profit forecast for the year, helped by strong demand for its missiles and fighter jets, sending its shares up more than 6 percent in pre-market trading.
Oil prices hit their highest since November on Tuesday after Washington announced all waivers on imports of sanctions-hit Iranian oil would end next week, pressuring importers to stop buying from Tehran and further tightening global supply.
Twitter Inc on Tuesday posted better-than-expected quarterly revenue and a surprise rise in monthly active users, showing its efforts to delete spam accounts and better police posts were paying off by attracting more users and ad dollars.
Toymaker Hasbro Inc reported a surprise quarterly profit on Tuesday as the box-office success of Transformers movie spin-off “BumbleBee” charged sales of the action toys, sending its shares up 16 percent.
Japan’s Nissan Motor Co on Tuesday said the executive responsible for its Nissan, Datsun and Infiniti brands was leaving, as it announced a management reshuffle to strengthen governance following the ouster of former boss Carlos Ghosn.
Verizon Communications Inc on Tuesday raised its 2019 profit forecast and beat Wall Street estimates for quarterly earnings, as the largest U.S. wireless carrier prepares for a wider 5G services rollout in the United States.
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