Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt supplies. Continue Reading Below Brent crude futures, the international benchmark for oil prices, were at $58.27 at 0314 GMT, up 39 cents, or 0.7 percent from their […]
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IBM reports marginal dip in quarterly revenue
International Business Machines Corp’s <IBM.N> quarterly revenue slipped again as weak demand in the company’s technology services business outweighed growth in its strategic areas that include cloud and security services. Continue Reading Below The company’s net income fell to $2.73 billion, or $2.92 per share, in the third-quarter ended Sept. […]
Harley-Davidson beats profit estimates, backs full-year forecast
Oct 17 (Reuters) – U.S. motorcycle maker Harley-Davidson Inc (HOG) reported a better-than-expected quarterly profit on Tuesday and maintained its full-year shipments forecast, despite prolonged weak demand in its home market. Continue Reading Below Harley’s U.S. retail motorcycle sales, or sales by dealers to customers, fell 8.1 percent in the third […]
J&J reports 11.9 pct fall in quarterly profit
Oct 17 (Reuters) – Johnson & Johnson, which completed its $30 billion acquisition of Swiss biotech Actelion in June, reported a 11.9 percent fall in quarterly profit as costs rose. Continue Reading Below The company’s net earnings fell to $3.76 billion, or $1.37 per share, in the third quarter from […]
NFL to tackle protests as Trump decries ‘disrespectful’ players
The National Football League will tackle criticism from President Donald Trump over players who protest racial discrimination by kneeling during the U.S. national anthem when league officials gather with team owners in New York for their autumn meeting this week. Continue Reading Below Trump has continued to rail at the […]
Risk premium returns to oil over Iraq fighting, rising US-Iran tensions
Oil prices steadied on Tuesday, holding on to gains made as fighting between Iraqi and Kurdish forces threatened supplies from northern Iraq while political tension rose between the United States and Iran. Continue Reading Below After months of rangebound trading during which OPEC-led supply cuts supported crude values but rising […]
Activist investor RBR launching campaign to break up Credit Suisse: FT
Activist investor RBR Capital Advisors is launching a campaign for breaking up Swiss bank Credit Suisse Group AG (CS) into three parts, the Financial Times reported on Monday. Continue Reading Below RBR Capital Advisors will reveal its plan later in the week at a conference in New York, the report […]
Adobe warns that hackers are exploiting its Flash software
Adobe Systems Inc (ADBE) warned on Monday that hackers are exploiting vulnerabilities in its Flash multimedia software platform in web browsers, and the company urged users to quickly patch their systems to prevent such attacks. Continue Reading Below The warning came after cyber security firm Kaspersky Lab Inc said a […]
Wall St. inches up with financials; earnings in focus
All three major U.S. stock index rose to record closing highs on Monday, with the Dow Jones Industrial Average less than 50 points below 23,000, ahead of a long list of earnings this week and as financial shares recovered from last week’s losses. Continue Reading Below JPMorgan Chase <JPM.N> and […]
Nordstrom family suspends attempt to take retailer private
Oct 16 (Reuters) – Nordstrom Inc. (JWN) said on Monday its founding family had suspended attempts to take the upscale retailer private for the rest of the year due to difficulties in arranging funds for the deal ahead of the holiday season. Continue Reading Below The company’s shares dropped about 6 […]