Business & Finance News
Boeing Co shares jumped on Wednesday as the world’s largest planemaker raised its profit and cash flow expectations for 2019 amid a boom in air travel, while indicating it had overcome supplier delays that snarled 737 production last year.
McDonald’s Corp beat estimates for quarterly same-store sales on Wednesday, powered by a strong international performance that again made up for weakness in a highly competitive U.S. fast-food market.
General Electric Co on Wednesday said it would consolidate its renewable and grid assets into a single business.
AT&T Inc on Wednesday reported quarterly revenues and new wireless subscribers that fell short of Wall Street expectations, sending shares down nearly 3 percent, as its focus shifted to paying down debt from boosting its customer base.
The United States and China were set to try again on Wednesday to dig out from a damaging trade war with a new round of high-level talks aimed at bridging deep differences over China’s intellectual property and technology transfer policies.
Boeing Co topped expectations with both quarterly profit and its forecast for 2019 cash flow on Wednesday, as a boom in air travel underpinned a prediction for full-year deliveries of around 900 commercial airplanes.
With Brexit less than two months away, and no divorce deal in sight, some German companies are taking matters into their own hands to limit any damage to their businesses.
E-commerce giant Alibaba Group Holding Ltd’s quarterly revenue grew at its weakest pace since 2016, as the impact of a slowing Chinese economy and a crippling Sino-U.S. trade war kept buyers away during its top-sale season.
Oil prices rose about 1 percent on Wednesday, boosted by concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry but pegged back by uncertainty over the global economy.
AT&T Inc on Wednesday missed Wall Street estimates for net new wireless subscribers who pay a monthly bill, as the company struggled to attract customers in a saturated U.S. phone market.
Siemens will accept defeat if the European Union rejects its pleas to allow it to combine with Alstom to create a powerful Franco-German rail business.
AT&T Inc on Wednesday missed fourth-quarter Wall Street estimates for net new wireless subscribers who pay a monthly bill, as the company struggled to attract customers in a saturated U.S. phone market.
E-commerce giant Alibaba Group Holding Ltd’s quarterly revenue grew at its weakest pace in three years, as the impact of a slowing China and a crippling Sino-U.S. trade war kept buyers away during its top-sale season.
Brazil’s state-run oil company Petroleo Brasileiro SA said on Wednesday that its negotiations with Chevron Corp to sell its Pasadena refinery are nearly done, and the deal will be discussed by its board this Wednesday.
A top U.S. bank regulator has decided not to fine Citigroup for discriminating against minority mortgage borrowers, dropping the public rebuke that some officials had sought, two people familiar with the matter told Reuters.
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