Business & Finance News
Some European companies are rethinking their strategies to cushion the impact of trade tensions between the world’s two biggest economies, the United States and China.
U.S. stocks were slightly lower on Wednesday as a drop in crude oil prices pressured energy shares, offsetting gains in technology and bank stocks.
CVS Health Corp beat analysts’ estimates for quarterly profit on Wednesday and the drugstore operator defended its pharmacy benefits management business in the face of the Trump administration’s move to clamp down on escalating drug costs.
India’s antitrust regulator on Wednesday approved U.S. retail giant Walmart Inc’s $16 billion acquisition of Indian ecommerce firm Flipkart, beefing up the competition for rival Amazon.com Inc in the fast growing market.
Thomson Reuters Corp said it was thinking about acquisition opportunities after reporting quarterly earnings that were ahead of expectations on Wednesday and reaffirming its 2018 forecast.
Boeing Co . the world’s largest planemaker, said on Wednesday it expects delivery delays of its hot-selling narrowbody aircraft to continue deeper into the year as it grapples with delays of fuselages and engines from suppliers.
U.S. stocks were flat on Wednesday after China retaliated to Trump administration’s latest tariffs, escalating trade tensions and muting strong corporate earnings.
Tesla Inc said on Wednesday its board is evaluating Chief Executive Elon Musk’s idea of taking the company private after he brought the matter up for discussion last week.
The rouble slid towards its lowest level in nearly two years on Wednesday and investors sold off bonds and stocks after the Kommersant daily published what it said was the full text of a draft U.S. law detailing possible penalties against Russia.
Glencore said it would favour share buybacks over deal-making after it reported a 23 percent rise in first-half core earnings on Wednesday, just below analyst forecasts.
Tesla Inc Chief Executive Elon Musk started talks with the company’s board last week about taking the electric car maker private, some board members said on Wednesday.
U.S. stocks opened lower on Wednesday after China retaliated to Washington’s latest tariffs, clouding a strong showing for corporate earnings.
Tesla Inc Chief Executive Officer Elon Musk’s plan to take the electric car maker private raised doubts among Wall Street analysts about the billionaire’ s ability to gather enough financial backing to complete the deal.
The New York Times Co reported a better-than-expected quarterly profit but the company added fewer paid digital subscribers, sending its shares down about 5 percent in premarket trading.
China is slapping additional import tariffs of 25 percent on $16 billion worth of U.S. goods ranging from oil and steel products to autos and medical equipment, the commerce ministry said, as the world’s two largest economies escalate their trade dispute.
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