Check out which companies are making headlines before the bell: McCormick – The spice company reported adjusted quarterly profit of $1 per share, 10 cents a share above estimates. Revenue was essentially in line with expectations. McCormick also raised its full-year forecast, benefiting from the new tax law. IHS Markit […]
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Bank of America cuts Facebook stock forecast for second time in a week on FTC probe
For the second time in one week, Bank of America Merrill Lynch reduced its price forecast on Facebook shares as the fallout from the data scandal worsens. Since the bank slashed its original forecast last Thursday, the Federal Trade Commission confirmed it has an open non-public investigation into Facebook’s data […]
Nestle launches a new chocolate bar using sugar-reduction technology
The food giant Nestle unveiled its first chocolate bar that showcases the company’s new sugar reduction technology. The firm announced in 2016 that its researchers had managed to change the structure of sugar using only natural ingredients. Milkybar Wowsomes are being advertised with 30 percent less sugar and go on […]
Porn star Stormy Daniels sues Trump’s personal lawyer for defamation
Stormy Daniels sued Donald Trump’s lawyer Michael Cohen on Monday for defamation, according to court documents, escalating a legal battle between the American president and the porn star that the White House was struggling to contain. Daniels, whose real name is Stephanie Clifford, made the claim a day after her […]
Facebook and Cambridge Analytica whistleblower: Donald Trump’s election made me speak out
Christopher Wylie, the whistleblower behind the Facebook and Cambridge Analytica scandal, said Tuesday that the election of Donald Trump as U.S. president in 2016 made him speak out about the practices being employed by the political data firm. Wylie was appearing in front of U.K. lawmakers in London Tuesday. It […]
Train believed to be carrying high-level North Korean delegation leaves Beijing
A train believed to be carrying a senior North Korean delegation left the Chinese capital on Tuesday following a dramatic whirlwind visit that some reports said included the country’s leader, Kim Jong Un. The conservative South Korea Chosun Ilbo newspaper, citing an unnamed senior intelligence official, said the delegation had […]
Asia markets get a boost as trade tensions ease; Nikkei adds 551 points
Asian stocks closed higher on Tuesday after Wall Street rebounded on the first day of the trading week as China and the U.S. moved to ease trade tensions. In Tokyo, the Nikkei 225 jumped 2.65 percent, or 551.22 points, to close at 21,317.32. The broader Topix gained 2.74 percent, as […]
ECB could still yet extend its massive bond-buying program, key policymaker says
Those market participants expecting an end to the European Central Bank‘s stimulus program in September could be mistaken, according to a member of the central bank’s Governing Council. Finland’s Central Bank Governor Erkki Liikanen left the door open to an eventual extension to the ECB’s trillion-euro stimulus package, citing political […]
Over 100 Russian diplomats and counting: The list of countries punishing Moscow after UK poisoning grows
A growing number of countries around the world have announced measures against Moscow following the nerve agent attack in the U.K. in early March, leaving Russia looking increasingly isolated. On Monday, the U.S. surprised the world by going much further than expected, expelling 60 Russians. Australia followed by expelling two […]
GSK buys Novartis stake in consumer healthcare venture for $13 billion
GlaxoSmithKline will buy Novartis’s 36.5 percent stake in their consumer healthcare joint venture for $13.0 billion in cash, the partners said on Tuesday. The deal is set to complete in the second quarter subject to the necessary approvals. GSK said the transaction with Novartis was expected to add to adjusted […]