article The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, July 4, 2016. REUTERS/Kim Hong-Ji/File Photo Samsung Electronics posted its slowest quarterly profit growth in more than a year on Tuesday due in part to weak sales of its Galaxy S9 smartphones, and warned of […]
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Shell launches $25 bln buyback plan, 2Q profits miss
article Shell’s company logo is pictured at a gas station in Zurich April 8, 2015. REUTERS/Arnd Wiegmann Royal Dutch Shell launched a long-anticipated $25 billion share buyback program on Thursday as its debt eased while second quarter profits came in far below forecasts. Continue Reading Below The share repurchase program, […]
Oil climbs after Saudi Arabia suspends shipments through key route
article Brent crude led oil prices higher, extending gains into a third day after Saudi Arabia suspended crude shipments through a strategic Red Sea shipping lane and as data showed U.S. inventories fell to a 3-1/2 year low. Continue Reading Below Brent crude futures had risen 47 cents, or 0.6 […]
Visa tops profit estimates on higher consumer spending
Visa Inc, the world’s largest payments network, topped analysts’ estimates for third-quarter profit on Wednesday, as an expanding U.S. economy encouraged more people to spend using their credit and debit cards. Continue Reading Below Total payments volume rose 11 percent to $2.10 trillion, on a constant dollar basis, with the […]
Boeing profit rises 26%
(Reuters) – Boeing Co reported a 26 percent rise in second-quarter profit on Wednesday and raised its full-year forecast for revenue, while keeping its earnings per share and cash flow outlook unchanged. Continue Reading Below The world’s biggest planemaker said it expects full-year revenue to be between $97 billion and […]
Oil prices rise for 2nd day, helped by drop in supply
article Oil prices rose for a second day on Wednesday after industry group data showed U.S. crude inventories fell more than expected last week, easing worries about oversupply that had dragged on markets in recent sessions. Continue Reading Below Brent crude was up 54 cents, or 0.7 percent, at $73.98 […]
Lockheed Martin beats profit estimates, raises 2018 forecast
July 24 (Reuters) – Lockheed Martin Corp’s F-35 jet demand once again helped the company beat Wall Street expectations for quarterly profit on Tuesday as the weapons maker raised its forecast for the rest of the year. Continue Reading Below The Pentagon’s No.1 weapons supplier raised its 2018 net sales forecast to […]
Harley-Davidson profit tops estimates on overseas sales
article This April 27, 2017, file photo shows the Harley-Davidson name on the gas tank of a bike in Glenview, Ill. (AP Photo/Nam Y. Huh, File) Harley-Davidson’s profit topped Wall Street estimates on Tuesday for the sixth straight quarter, as sales of its bikes overseas edged up, although the company […]
Oil prices mixed as oversupply competes with global tensions
article (REUTERS/Christian Hartmann) Oil prices were mixed on Tuesday as benchmark Brent crude rebounded from earlier losses with market participants divided in their concerns amid rising tensions between the United States and OPEC producer Iran and signs of oversupply. Continue Reading Below Brent crude oil was up 6 cents at […]
Hasbro results beat as toymaker moves past Toys ‘R’ Us collapse
(Reuters) – Toymaker Hasbro Inc topped Wall Street estimates for profit and revenue in the second quarter as it emerged from the worst effects of last year’s Toys ‘R’ Us bankruptcy, sending its shares up nearly 12 percent. Continue Reading Below The company, like other U.S. toymakers, was hit hard by […]