Business & Finance News
Amazon.com Inc posted a profit that was double Wall Street targets on Thursday and forecast a strong pre-holiday quarter thanks to the retailer’s newer high-earning businesses including cloud computing and advertising.
Milk producer Fonterra said on Friday Chairman John Wilson has resigned from his position with immediate effect over concerns regarding his health.
Amgen Inc on Thursday reported a better-than-expected second quarter profit and raised its full-year forecast, as growth of newer drugs like cholesterol fighter Repatha and osteoporosis drug Prolia offset weakness in older products.
Intel Corp missed analysts’ estimates for its closely watched data center business on Thursday as it faced stiff competition from rival Advanced Micro Devices Inc , sending its shares down 3 percent in extended trading.
Starbucks Corp lowered its guidance for full year same-store sales growth on Thursday, saying it now sees growth just below its previous target range.
World stock markets failed to hold onto four-month highs on Thursday as a record sell-off in Facebook shares offset optimism that the European Union and the United States would settle their differences on trade.
Chipotle Mexican Grill Inc topped analysts’ estimates for comparable-restaurant sales on Thursday, boosted by higher menu prices and demand for its queso cheese dip in its first full quarter under Chief Executive Officer Brian Niccol.
The United States signaled on Thursday it is set to push ahead on trade talks with Canada and Mexico after agreeing to suspend hostilities over tariffs with Europe in a fragile deal that may clear the way for renewed pressure on China.
Numerous congressional Republicans worried about jobs for constituents back home remained skeptical of President Donald Trump’s trade policies on Thursday, a day after Trump struck a surprise deal with the EU to halt further tariffs and hold talks on opening markets.
Synchrony Financial said on Thursday that its store credit card program with Walmart Inc will not be renewed, ending a near two-decade long partnership.
Northrop Grumman Corp CEO Wes Bush faced tough questions from U.S. lawmakers about the delays and growing price tag for NASA’s James Webb Space Telescope and rebuffed the idea that the company, rather than taxpayers, should pay an $800 million cost overrun.
Facebook’s slump set the Nasdaq on pace for its biggest drop in a month, but industrial stocks rose after the United States and the European Union said they would negotiate on trade.
John Schnatter, the founder and ousted former chairman of Papa John’s International Inc , on Thursday sued the pizzeria chain, complaining that the company had not provided adequate response to an earlier request for internal documents.
Fiat Chrysler said it knew nothing about the medical condition of Sergio Marchionne after a Swiss hospital said on Thursday it had been treating the deceased chief executive for more than a year.
Walmart Inc has chosen Capital One Financial Corp as the new issuer of its store credit card, ending a partnership with Synchrony Financial, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
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