Business & Finance News
Mastercard Inc reported an 11% rise in third-quarter profit on Tuesday as more transactions were made on its network, boosting fees for the world’s second-largest payment processor.
U.S. stock index futures edged lower on Tuesday as investors assessed a mixed batch of earnings reports, including from Google parent Alphabet and big drugmakers Merck and Pfizer.
Boeing Co Chief Executive Dennis Muilenburg will begin the first of two days of testimony Tuesday before U.S. lawmakers and will face tough questions on the crashes of two 737 MAX planes, which killed 346 people and sparked calls for reforms.
U.S. oil and gas company ConocoPhillips’ quarterly profit shot ahead of analysts’ estimates on Tuesday, as higher shale production offset the impact from lower crude prices and higher exploration costs.
Facebook , Google and Twitter must do more to tackle fake news or face regulatory action, the European Commission said on Tuesday.
Pfizer Inc posted a third-quarter profit well ahead of analysts’ estimates on higher sales of breast cancer drug Ibrance and raised its earnings forecast for the year, sending the largest U.S. drugmaker’s shares up 3%.
ConocoPhillips reported a 43% drop in adjusted quarterly profit on Tuesday, dragged by lower crude prices and higher exploration expenses.
Merck & Co Inc reported a better-than-expected quarterly profit on Tuesday and raised its full-year earnings forecast as sales of its blockbuster immunotherapy, Keytruda, crossed the $3 billion mark for the first time in a single quarter.
AT&T Inc executives on Tuesday are expected to reveal new details about pricing, programming and distribution of the company’s forthcoming HBO Max streaming video service as they plot the phone giant’s entrance into the streaming war.
World stocks hovered near a 15-month high on Tuesday underpinned by cautious optimism over a Sino-U.S trade deal and expectations of another dose of policy stimulus from the Federal Reserve, with safe havens such as gold and yen on the back foot.
Drugmaker Merck & Co Inc reported a drop in third-quarter profit on Tuesday, hit by a $982 million charge related to its acquisition of Peloton Therapeutics.
China will eliminate all restrictions on foreign investments not included in its self-styled “negative lists”, a vice commerce minister said on Tuesday, signaling upcoming directives.
Swedish and Estonian financial regulators have opened sanction cases into Swedbank over anti-money laundering controls at its Baltic operations, they said on Tuesday, a formal step in an ongoing investigation that could lead to a financial penalty.
Oil slipped toward $61 a barrel on Monday, falling for a second day, pressured by expectations for a rise in U.S. crude inventories and fading optimism over a U.S.-China trade deal.
Air Canada on Tuesday reported lower-than-expected third-quarter profit, hurt by lower flight capacity in the wake of the grounding of Boeing Co’s 737 MAX airplanes.
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