Business & Finance News
Tomahawk missile maker Raytheon Co reported an 8.5 percent rise in fourth-quarter revenue on Thursday, but the lower than expected number along with a conservative 2019 profit and revenue forecast sent shares down.
Sprint Corp on Thursday reported fewer-than-expected losses for phone subscribers who pay a monthly bill on a net basis and beat quarterly revenue estimates, as the U.S. wireless carrier has focused on improving profitability.
U.S. President Donald Trump was upbeat on Thursday about high-level trade talks with Chinese officials in Washington but said no final deal would be made until he meets with Chinese President Xi Jingping.
UBS, the world’s biggest wealth manager, has appointed corporate banking veteran Christian Rosset to lead a new wealth management team tasked with strengthening corporate offerings for entrepreneur clients, the bank told employees this week.
ConocoPhillips beat quarterly profit estimates on Thursday as the world’s largest independent oil producer saw a rise in output from North America’s shale fields.
Tomahawk missile maker Raytheon Co reported an 8.5 percent rise in fourth-quarter revenue on Thursday, boosted by higher demand for its weapons, but a conservative 2019 profit forecast sent shares down.
United Parcel Service Inc reported a better-than-expected quarterly profit, as the company benefited from record volumes during the crucial holiday season.
U.S. industrial conglomerate General Electric Co reported a $666 million profit from continuing operations for the fourth quarter, recovering from a $11.2 billion loss a year ago, sending its shares sharply higher.
Blackstone Group LP, the largest manager of alternative assets such as private equity and real estate, said on Thursday fourth-quarter distributable earnings fell 42 percent from a year earlier to $722 million.
Charter Communications Inc topped quarterly revenue estimates on Thursday, as the cable operator attracted more customers for its internet services, offsetting a drop in video subscribers.
ConocoPhillips, the world’s largest independent oil producer, reported a surge in quarterly adjusted profit on Thursday, helped by higher production and realized prices for its crude.
Ride-hailing companies Uber and Cabify are to suspend their services in Barcelona in response to the regional government’s imposition of limits on how they operate in the city.
Deutsche Bank is focused on getting the German lender on a path to sustainable profitability, a well-informed Deutsche Bank source told Reuters on Thursday.
U.S. industrial conglomerate General Electric Co reported a $666 million profit for the fourth quarter, recovering from the $23 billion charge it took three months ago as it began restructuring under a new chief executive.
Hundreds of listed Chinese companies – from hog farmers struggling to buy pig feed, to glassware makers unable to collect receivables – flagged big losses for 2018, victim to a slowing economy and Beijing’s deleveraging.
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