International Companies
Alibaba faces 300m hack attempts daily
Alibaba founder Jack Ma, said the company thwarts 300. 0m hack attempts each day and has yet to lose “one cent” to hackers.
Bank of America beats on Q3 earnings, shares rise
Bank of America beat analysts' forecasts for its third quarter earnings, helped by a strong showing from its wealth management arm.
Roche lifts guidance after strong third quarter
Roche reported strong sales growth in the first nine months of 2019 in an update on Wednesday, and raised its outlook for the full-year once again.
Citigroup tops earnings estimates on strong trading performance
US banking giant Citigroup turned in third-quarter earnings on Tuesday that came in ahead of expectations, as stronger-than-expected trading results offset weaker lending margins.
Wells Fargo Q3 profit dented by legal costs
Wells Fargo posted a decline in third-quarter net income on Tuesday as it took a hit from legal costs relating to a long-standing sales practice scandal.
Johnson and Johnson beats on Q3 EPS, raises full-year guidance
Johnson & Johnson posted higher than expected third quarter earnings despite a meagre increase in sales, especially in its consumer goods arm, and raised its full-year guidance.
WeWork reportedly prepared to fire 2,000 workers
WeWork is expected to lay off at least 2,000 people as early as this week, the Guardian reported on Tuesday.
Goldman Sachs posts weaker than expected third quarter results
Goldman Sachs 's results for the latest three month period came in short of forecasts for both its top and bottom line, due to the drag from falling revenues from its Investing&Lending and Investment Banking arms.
JP Morgan barrels past third quarter forecasts helped by investment bank
The largest US bank by market value barrelled past analysts' earnings forecasts during the latest quarter on the back of hefty top-line growth in its investment banking and markets units that saw it achieve record revenues.
Roche upbeat on latest rituximab study data
Roche announced data from the phase 3 ‘PEMPHIX’ study evaluating the efficacy and safety of ‘MabThera’/’Rituxan’ (rituximab) compared to mycophenolate mofetil (MMF) in adults with moderate-to-severe pemphigus vulgaris (PV) on Monday.
SoftBank reportedly prepares package to save WeWork
SoftBank is reportedly preparing a bid that would save We Co, the parent company of the struggling startup WeWork, just weeks ahead of its potential collapse.
Total to expand partnership with India's Adani Group
Total announced an expansion of its partnership with India’s largest energy and infrastructure conglomerate the Adani Group on Monday, to contribute to the development of the Indian natural gas market.
Hyundai and Kia motors settle US engine lawsuit
Hyundai Motor America and affiliate Kia Motors America agreed to pay $760. 0m to settle a class action lawsuit with the owners of vehicles that were equipped with Theta II gasoline direct injection engines.
Renault board ousts Thierry Bollore as CEO
The board of directors of carmaker Renault has ousted Thierry Bollore as CEO and named Clotilde Delbos as interim chief executive.
Publicis tumbles as it cuts revenue outlook again
French advertising giant Publicis was under the cosh on Friday after cutting its full-year revenue outlook.
HMV opens largest store in Europe in Birmingham
HMV has opened the biggest music and movies store in Europe in Birmingham on Friday as Canadian owner Sunrise Records lays the foundations for its expansion.
No-deal Brexit could put Nissan's European branch at risk
Nissan said on Thursday that a no-deal Brexit leading to the imposition of WTO tariffs on exports could put its entire European arm at risk.
Apple removes Hong Kong police-tracking app from store
Apple removed the HKmap. live app from its store that allowed Hong Kong protesters to track police movements and the use of tear gas.
Belgium's UCB to buy US-based Ra Pharmaceuticals for $2.1bn
Belgian drug maker UCB has agreed to buy US-based clinical-stage biopharmaceuticals company Ra Pharmaceuticals for $2. 1bn.
Activision Blizzard faces boycott calls after banning Hong Kong gamer
Activision Blizzard was facing a growing online backlash after the US games giant banned a professional e-sports player for showing support for protestors in Hong Kong.