Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. WASHINGTON (Reuters) – British Trade Minister Liz Truss will meet top U.S. officials in Washington in coming days to assess progress on reaching a free trade agreement between the two countries, a spokesman for the U.S. Trade […]
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Siemens Healthineers to acquire cancer treatment company Varian for $16.4B
American Pharmacists Association president Michael Hogue explains why it would help if pharmacists could administer COVID-19 tests. BERLIN (Reuters) – German health group Siemens Healthineers said on Sunday it would acquire Varian Medical Systems Inc in a deal that values the U.S. maker of devices and software for cancer treatments […]
Comcast’s broadband growth overshadows pandemic hit
The Broadband Group founder and president Tom Reiman discusses how government funding can be allocated to expand broadband access from urban to rural areas in the United States. Comcast Corp. on Thursday reported second-quarter revenue that beat expectations, as strong sign-ups for broadband offset weaker advertising sales at cable networks […]
Kellogg raises annual profit forecast as coronavirus boosts demand for Fruit Loops, waffle mixes
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. (Reuters) – Cereal maker Kellogg Co raised its full-year sales and profit forecast on Thursday, buoyed by rising demand for its Corn Flakes, Fruit Loops and waffle mixes among consumers stuck at home due to the COVID-19 pandemic. Continue Reading […]
US renters owe $21.5B in back rent; Republicans offer no eviction relief
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. More than $21.5 billion in past-due rent is looming over Americans struggling to make ends meet, global advisory firm Stout, Risius and Ross estimated on Wednesday, as Republicans and Democrats fight over a new COVID-19 relief package. […]
PayPal profits jump 86% on pandemic spending shift
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. E-commerce payments processor PayPal Holdings Inc beat Wall Street estimates on Wednesday with an 86 percent increase in quarterly profit, driven by the shift to online spending amid the coronavirus pandemic. Continue Reading Below The company said it expects the […]
‘Back from the brink’ Deutsche Bank improves outlook
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Deutsche Bank on Wednesday gave a slightly improved outlook for the year after a better performance in investment banking curbed a second-quarter loss and boosted shares on Wednesday. Continue Reading Below The German bank is undergoing a major restructuring, which it began […]
Spirit Airlines says 20% to 30% of workers at risk of furloughs
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Spirit Airlines is preparing to inform unions on Friday that 20-30% of workers may be furloughed in October, an internal memo shows, becoming the first low-cost U.S. carrier to detail potential job cuts due to the coronavirus pandemic. […]
Raytheon defense business drives quarterly profit beat
United Technologies CEO Greg Hayes and Raytheon CEO Tom Kennedy on the long-term impact of the merger. Raytheon Technologies on Tuesday topped analysts’ estimates for quarterly profit and sales, boosted by strength in its defense business, which makes parts for Lockheed Martin’s F-35 fighter jets. Continue Reading Below Shares of […]
McDonald’s global sales suffer as coronavirus lockdowns limit operations
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. (Reuters) – McDonald’s Corp on Tuesday reported a bigger-than-expected drop in global same-store sales and missed profit expectations, as its restaurants were shut due to the COVID-19 pandemic, limiting operations to only drive-thru and delivery. Continue Reading Below Shares of the […]