International Companies
Twitter falls short on both revenue and profit estimates
Social media giant Twitter fell short of analysts' estimates for its third-quarter revenues and profits on Thursday, citing advertising woes, bugs and an unexpectedly low level of demand throughout the summer.
Nokia shares slump after outlook slashed
Shares in Nokia plunged on Thursday as the telecoms giant cut its full-year 2019 and 2020 outlook due to additional investment needs in 5G technology and margin pressure.
Caterpillar posts drop in Q3 sales and earnings, guides lower
Caterpillar posted lower sales and profits for its most recent quarter on the back of a drawdown in stockpiles by dealers and softer demand and marked down its full-year profit guidance.
Boeing posts better than expected Q3 sales, assumes 737 Max return to service in Q4
Boeing posted much weaker than expected third quarter profits on the back of massive delays in shipments of its 737 Max, but sales fell by less than anticipated and the company said it expected the 737 Max to return to air worthy status before the end of the year.
Google hires Microsoft's Javier Soltero to head G Suite
Google has hired Microsoft’s former Cortana and Outlook VP, Javier Soltero, to boost productivity in its G Suite unit.
Huawei will develop 5G radar for autonomous cars
Huawei Technologies will utilise its 5G technology to develop radar for self-driving cars, its deputy chairman told a conference, Reuters reported on Tuesday.
Revolut strikes deal with Mastercard to boost US expansion
Revolut has signed a deal with Mastercard as part of its expansion into the US that will see its first debit cards issued there by the end of the year.
Biogen surges as it seeks US approval for Alzheimer's treatment
Biogen shares surged on Tuesday after the company announced that it and Japan's Eisai plan to seek regulatory approval for aducanumab, an investigational treatment for early Alzheimer's disease, following new trial results.
Uber launches public transport services in India
Uber announced on Tuesday that it has won a bid to work with the government-run subway system in India’s capital.
UBS Q3 profits fall but beat expectations
UBS on Tuesday reported a fall in third quarter profit as earnings from all its operations except asset management declined, with the company blaming a "challenging environment".
Saudi Aramco delays IPO until after Q3 results
Saudi Aramco has delayed its planned initial public offering for until after its third quarter results in the hope that they will boost investor confidence, sources told Reuters on Thursday.
Coca-Cola raises guidance after beating revenue estimates
The Coca-Cola Company on Friday beat analysts' third quarter revenue expectations, leading the company to lift its full-year guidance for sales and operating income.
Elegant Hotels directors give thumbs-up to Marriott offer
Marriott International subsidiary International Hotel Licensing Company (IHLC) has reached an agreement with the board of Elegant Hotels Group on the terms of a recommended all-cash offer to be made by IHLC for the entire issued and to-be-issued ordinary share capital of Elegant, it was revealed on Friday.
Hexagon Composites business wins hydrogen bus contract
Hexagon Composites on Friday reported that its Agility Fuel Solutions business has been awarded an order to supply two fuel storage systems for a new hydrogen bus model from CaetanoBus.
Roche gets expanded approval for 'Xofluza' in the US
Roche announced on Friday that the US Food and Drug Administration (FDA) has approved a supplemental New Drug Application (sNDA) for ‘Xofluza; (baloxavir marboxil), for the treatment of acute, uncomplicated influenza - or flu - in people 12 years of age and older, who have been symptomatic for no more than 48 hours and who are at high risk of developing flu-related complications.
Philip Morris lowers guidance as Russian tax authority issues $374m fine
US tobacco giant Philip Morris cut its full-year profit guidance on Thursday following an investigation by a Russian tax authority that concluded its local affiliate had underpaid taxes.
Honeywell beats Q3 earnings estimates but cuts revenue guidance
Honeywell International on Thursday raised its forecasts for full-year earnings after beating analyst expectations, but guided lower on revenues following issues in its safety and productivity solutions division.
US Morgan Stanley jumps after Q3 earnings boosted by fixed income and investment management
Morgan Stanley posted better than expected earnings for its latest quarter, driven by its activities in the fixed income space and from its investment management arm, despite the volatility seen in financial markets over the period.
WH Smith expands into US with £300m Marshall buy
UK newspaper and stationer retailer WH Smith said it was buying US travel retailer Marshall Retail Group (MRG) for $400m (£312m) in cash as it reported a 7% rise in full year profits.
EU issues interim antitrust order against Broadcom until probe ends
US chipmaker Broadcom has been ordered to halt exclusivity deals with six TV and modem makers for up to three years until EU antitrust enforcers finish investigating the agreements, which could be aimed at thwarting rivals.