Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Merck & Co Inc said on Thursday it would buy drug developer Pandion Therapeutics Inc for about $1.85 billion in cash, to expand its portfolio of drugs that target autoimmune diseases. Ticker Security Last Change Change % […]
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Exxon Mobil’s total reserves drop by a third after COVID-19 oil price drop
The Schork Group Principal Stephen Schork provides insight into the oil market and prices. Exxon Mobil’s global oil and gas reserves tumbled by a third last year as the COVID-19 pandemic crashed global oil prices and demand, the company said on Wednesday. The largest U.S. oil producer is reeling from […]
TJ Maxx parent misses estimates as lockdowns cut sales by $1B
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Discount store operator TJX Cos Inc missed estimates for holiday-quarter results on Wednesday, as coronavirus-induced lockdowns in Europe and Canada shaved about $1 billion off its sales. Shares of the T.J. Maxx parent fell about 3% to […]
Australian lawmakers expected to pass amendments to Facebook, Google law
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Australian lawmakers are expected to approve amendments to landmark legislation to force Alphabet’s Google and Facebook to pay media companies for news content, despite opposition from some minor political parties. The government introduced amendments to the so-called Media […]
Macy’s forecasts upbeat 2021 sales
BMO Capital Markets chief investment strategist Brian Belski on Florida and the markets in the coming months. Macy’s Inc forecast 2021 sales largely above Wall Street estimates on Tuesday as it bet on vaccine rollouts allowing customers to return to its department stores after pandemic curbs. The upbeat outlook from […]
Home Depot sales jump 25%, consumer spending outlook unclear
BMO Capital Markets chief investment strategist Brian Belski on Florida and the markets in the coming months. Home Depot Inc beat quarterly same-store sales estimates on Tuesday, riding a sustained wave of demand for home improvement goods as the COVID-19 pandemic drags on. However, the company’s shares fell 1.5% in […]
Global dividends could rebound by as much as 5% this year: report
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. LONDON – Global dividend payments could rebound by as much as 5% this year, a new report estimated on Monday, after the coronavirus caused the biggest slump in payouts since the financial crisis more than a decade ago. […]
Airbus CEO urges trade war ceasefire, easing of COVID travel bans
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. PARIS – The head of European planemaker Airbus called on Saturday for a “ceasefire” in a transatlantic trade war over aircraft subsidies, saying tit-for-tat tariffs on planes and other goods had aggravated damage from the COVID-19 crisis. Washington […]
Foxconn chairman says expects ‘limited impact’ from chip shortage on clients
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. TAIPEI – The chairman of Apple Inc supplier Foxconn said on Saturday he expects his company and its clients will face only “limited impact” from a chip shortage that has rattled the global automotive and semiconductor industries. […]
Uber drivers entitled to worker rights, UK’s top court rules
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. A group of drivers are entitled to worker rights such as the minimum wage at Uber, Britain’s Supreme Court decided on Friday in a blow to the ride-hailing service that could have ramifications for millions of others in […]