Search engine operator Alphabet (GOOG. GOOGL) said that it had authorized a multi-billion-dollar stock repurchase as it posted better-than-expected results for its fiscal second quarter after markets closed on Thursday. The company reported revenue of $38.94 billion in the three months ended June 30, up from $32.66 billion in the […]
Whirlpool (WHR) ramped up its full-year guidance after markets closed on Monday as the manufacturer of home appliances posted better-than-expected second-quarter results, which were supported by rising demand in North America. The Benton Harbor, Mich.-based company reported revenue of $5.19 billion in the three months ended June 30, up from […]
German technology major SAP (SAP) reiterated its full-year guidance on Thursday as it posted revenue and adjusted earnings per share for its second quarter that fell short of analysts’ estimates, despite being up year-on-year. The Waldorf, Germany-headquartered company generated revenue of 6.66 billion euros ($7.47 billion) on a non-IFRS basis […]
Health care stocks still were edging higher this afternoon, including a nearly 0.4% gain for the NYSE Health Care Index while shares of health care companies in the S&P 500 also were up just over 0.5% as a group. The Nasdaq Biotechnology index was climbing almost 0.6%. Among health care […]
Stagecoach (SGC.L), one of the UK’s biggest bus, coach, and rail operators, said early on Wednesday that it was maintaining its full-year earnings expectations for fiscal 2020 even as it completed the sale of its North America business and decided not to bid for any new UK rail franchises. The […]
Bristol-Myers Squibb (BMY) said on Monday that Celgene (CELG) will sell its psoriasis treatment Otezla, one of the biopharmaceutical’s top selling drugs that’s expected to bring in almost $2 billion in revenue this year, in a bid to win approval for the companies’ merger plans. Bristol-Myers Squibb is planning the […]
Amazon.com (AMZN) said Tuesday it will lease 15 Boeing 737-800 cargo aircraft as the e-commerce giant moves to increase its capacity at its Amazon Air cargo operation. The eCommerce company said that it would lease the aircraft from GE Capital Aviation Services. Amazon earlier this year announced it would lease […]
Consumer prices accelerated at a slower pace in May than the previous month, matching analysts’ expectations while core prices were unchanged and came in shy of predictions. Inflation rose 0.1% last month after a 0.3% advance in April, the US Bureau of Labor Statistics said on Wednesday. Analysts polled by […]
OIl prices were lower early on Wednesday on reports that U.S. inventories have continued to rise despite production cuts from OPEC and Russia and the removal of supply from Venezuela and Iran. West Texas Intermediate crude for July delivery was last seen down US$1.50 to US$51.77 per barrel while August […]
