Business & Finance News
Harley-Davidson Inc’s profit topped Wall Street estimates on Tuesday for the sixth straight quarter, as sales of its bikes overseas edged up, although the company warned that new EU tariffs would squeeze its operating margins.
Biogen Inc reported a 9 percent rise in quarterly revenue on Tuesday, helped by demand for its spinal muscular atrophy drug Spinraza.
Eli Lilly and Co posted a second-quarter loss on Tuesday, hurt by acquisition-related charges to the tune of $1.62 billion.
Eli Lilly and Co said on Tuesday it would spin off its Elanco animal health business and take it public.
U.S. payment firms have successfully pushed India to consider diluting rules on data storage, but their lobbying campaign has sparked a bitter industry spat pitting them against local rival Paytm, according to sources and documents seen by Reuters.
Ryanair , Easyjet Wizz Air and IAG submitted complaints to the European Commission against France on Tuesday, arguing that its air traffic controllers’ strikes were restricting freedom of movement within the EU.
U.S. motorcycle maker Harley-Davidson Inc reported a 6.4 percent drop in quarterly profit on Tuesday due to lower shipments as demand for its bikes dwindle.
To gain an investment edge in China, BlackRock Inc , the world’s biggest asset manager, will map the country’s economic landscape using satellites, parse social media to take the market’s pulse and track reports in the ruling Communist Party’s newspaper, the People’s Daily.
Britain’s Serious Fraud Office said on Tuesday it was seeking to reinstate criminal charges it brought against Barclays over its 2008 capital raising, after an English court dismissed the charges in May.
U.S. President Donald Trump spoke warmly of Mexico’s incoming leftist president on Monday, saying he expected to get “something worked out” on NAFTA, while a top Mexican official said there was scope to revive the trade talks this week.
World shares climbed for a third day running on Tuesday, as China promised fiscal action to support the world’s second-largest economy and stellar results from internet giant Alphabet underpinned the tech stocks.
Volkswagen on Tuesday said engine development expert Markus Duesmann, currently head of purchasing and suppliers at rival BMW , is to join the carmaker’s management board.
Volkswagen said on Tuesday it has hired Markus Duesmann, head of purchasing and supplier network at rival BMW , as a member of its management team.
Shanghai shares led Asia higher on Tuesday as China touted fiscal action to support the world’s second largest economy, while stellar results from internet giant Alphabet underpinned the tech sector generally.
Volkswagen has hired BMW purchasing director Markus Duesmann to fill the post of Audi chief executive, German daily Handelsblatt reported on Tuesday.
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