Business & Finance News
Halliburton Co beat Wall Street estimates for quarterly profit on Tuesday, as higher demand for its oilfield services in international markets offset a slowdown in North America.
Huawei Chairman Liang Hua said on Tuesday the company would allow foreign officials to visit its labs, as the Chinese company faces suspicion from Western countries that its telecoms equipment could be used for espionage.
Oil prices fell nearly 2 percent on Tuesday on signs that an economic slowdown in China is spreading, stoking concerns about global growth and fuel demand.
Johnson & Johnson on Tuesday forecast 2019 sales that fell short of analysts’ estimates after reporting better-than- expected fourth-quarter profit and revenue.
Johnson & Johnson reported better-than-expected fourth-quarter revenue on Tuesday, helped by strong demand for its drugs to treat cancer and psoriasis.
Oilfield services provider Halliburton Co reported a quarterly profit on Tuesday, compared with a loss for the same period a year ago when it set aside $1.05 billion for income tax payments related to a change in U.S. taxes.
Mastercard said on Tuesday that an EU antitrust fine of 570.6 million euros ($648.3 million) would be taken as a charge in the fourth quarter of 2018, calling the closure of the case an important milestone for the company.
Germany’s Verdi labor union on Tuesday voiced concern over any possible merger between Germany’s largest banks – Deutsche Bank and Commerzbank .
UBS Chief Executive Sergio Ermotti said on Tuesday any changes to the bank’s leadership remain years away and that the bank remains open to both hiring and promoting in its search for talent.
Preferred bidders for the Areas business of French company Elior are expected to be chosen by the start of March, a source close to the matter told Reuters.
The future of Sears Holdings Corp and tens of thousands of its employees across the United States hung in the balance in the freezing pre dawn hours last Wednesday, as Wall Street lawyers and bankers sparred over the fate of the beleaguered retailer in a 50-story Manhattan office tower.
Weakness in the service and farm sectors slowed China’s economic growth in the fourth quarter, despite a strong pickup in construction activity, official data showed on Tuesday.
The European Commission said on Tuesday it had fined Mastercard 570.6 million euros ($648.3 million) for limiting the possibility for merchants to benefit from better conditions offered by banks elsewhere in the European Union.
Carmaker Renault has called for a board meeting on Jan. 24 to discuss the succession plans regarding Carlos Ghosn, sources told Reuters on Tuesday, with Ghosn in custody in Japan over alleged financial crimes which he denies.
Oil prices fell more than 1 percent on Tuesday on signs that an economic slowdown in China was spreading, stoking concerns about global growth and fuel demand.
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