News

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Tue, 29 Jan 2019 15:36:57 GMT

Verizon disappoints analysts with Q4 revenue estimates

On Tuesday, Verizon Communications reported lower-than-expected Q4 revenue estimates, but said it had almost doubled its new wireless subscribers, meeting analysts' forecasts.

Tue, 29 Jan 2019 14:01:55 GMT

Lockheed Martin shares down amid poor results

On Tuesday, Lockheed Martin, the main Pentagon's supplier, reported it had missed analysts' expectations for the quarterly profit, forecasting this year's earnings below estimates, bringing its shares down 1% in early trading.

Tue, 29 Jan 2019 13:56:43 GMT

Pfizer expects 2019 results to miss forecasts

On Tuesday, Pfizer stated it was forecasting its 2019 results on profit, sales and revenue below the Wall Street estimates, following its patent loss on the company's pain treatment that year.

Tue, 29 Jan 2019 13:35:41 GMT

Venezuela's Guaido sees free elections, peaceful transition

Venezuela's opposition leader Juan Guaido stated his movement could gain a peaceful transition from the President Nicolas Maduro, as well as free elections.

Tue, 29 Jan 2019 13:30:01 GMT

EU Parliament to support visa-free travel after Brexit

The EU Parliament Committee is seen to support a visa-free travel to Europe for Britons after the UK withdrawal from the bloc, regardless the outcome of the Brexit deal.

Tue, 29 Jan 2019 12:24:35 GMT

US imposes sanctions against Venezuela's PDVSA

Trump's Administration imposed sanctions against Venezuela's state-held oil company PDVSA, curbing its exports to the US and escalating Washington's pressure on the President Nicolas Maduro.

Tue, 29 Jan 2019 12:20:16 GMT

Xerox beats Q4 profit estimates on cost cuts

On Tuesday, Xerox Corp reported it had beaten its Q4 profit estimates on cutting costs, while its revenue plunged more-than-expected due to businesses keeping trimming their spending on photocopiers and printers.

Tue, 29 Jan 2019 11:35:40 GMT

Instagram app restored after partial outage

Facebook's photo-sharing app Instagram stated a partial outage, which hit some of the social network users, had been fixed and the service was fully functional again.

Tue, 29 Jan 2019 10:50:40 GMT

Wynn agrees on Nevada regulators settlement

Wynn Resorts agreed to a settlement in regards to Nevada Gaming Control Board's disciplinary complaint filed against the company's ex-CEO Steve Wynn over sexual misconduct.

Tue, 29 Jan 2019 10:36:51 GMT

China's HBIS to take Southeast Asian holdings

China's HBIS Group is set to acquire Tata Steel's production holdings in Southeast Asia, as part of the company's plan to expand its steelmaking capacity internationally.

Tue, 29 Jan 2019 09:39:24 GMT

Norwegian Air plans to raise $350M in share sale

The loss-making Norwegian Air is seeking to attract $353M in its share sale with intention to boost its finances.

Tue, 29 Jan 2019 09:37:46 GMT

DSM to set up vitamin E venture with Nenter

On Tuesday, the Dutch nutrition firm DSM NV stated it would establish joint venture with China's biochemicals firm Nenter&Co to produce vitamin E, seeking to pay $154.45M to Nenter to buy its Chinese facilities.

Tue, 29 Jan 2019 08:30:12 GMT

SAP to set restructuring amid poor 2018 results

On Tuesday, the German business software group SAP stated it was eager to undertake a wide restructuring to boost its business transformation, due to missing results on the company's profits and revenue guidance in 2018.

Tue, 29 Jan 2019 08:29:28 GMT

Crest Nicholson expects "difficult" 2019 first-half as profit drops

Crest Nicholson is estimating a "difficult" first-half of 2019, after the UK housebuilder reported a 15% drop in its full-year profit, tumbled due to the Brexit uncertainty, which is hurting demand.

Tue, 29 Jan 2019 07:19:59 GMT

Fintech firms attract record $39.6B in 2018

The venture capital-backed fintech companies attracted a record $39.57B globally last year, up 120% from the preceding year, according to the CB Insights research published on Tuesday.

Tue, 29 Jan 2019 07:16:45 GMT

France's Faurecia to make tender bid for Clarion takeover

Faurecia, the French auto parts company, is set to launch a tender offer on January 30 to buy out the Japanese car navigation system developer Clarion on the back of its previous announcement of the firm's takeover worth $1.3B.

Tue, 29 Jan 2019 05:54:50 GMT

Staples gets approval with conditions for Essendant takeover

The US Federal Trade Commission has granted its approval with conditions to the proposed $482.7M merger of Staples and Essendant, the office supply distributors.

Tue, 29 Jan 2019 05:54:40 GMT

Joint hearing on T-Mobile, Sprint merger set for Feb. 13

Two US House panels have set February 13 as the date for the joint hearing on Sprint and T-Mobile's proposed $26B merger deal and its possible impact on consumers.

Tue, 29 Jan 2019 05:35:29 GMT

Thermo Fisher plans pathology unit sale

Thermo Fisher Scientific, the world's biggest scientific instruments maker, is planning a sale of its anatomical pathology arm in an all-cash deal worth $1.14B, it announced late on Monday.

Tue, 29 Jan 2019 05:32:04 GMT

Thoma Bravo lifts $12.6B for latest PE fund

The private equity group specialising in acquiring tech companies, Thoma Bravo, raised $12.6B for the firm's latest flagship fund, Orlando Bravo, the managing partner, stated late on Monday, due to higher investor demand for takeover deals in this sector.

Tue, 29 Jan 2019 04:23:44 GMT

Intel to invest $11B on new chip factory in Israel

Intel is expected to invest $11B on a chip plant in Israel, the country's Finance Minister stated, adding that it would bring thousands of jobs to the South.

Tue, 29 Jan 2019 04:23:38 GMT

Australian businesses end 2018 in downturn

The index of business conditions in Australia weakened markedly in December as profits, employment and sales took a turn for the worse, a disappointing year end that only added to concerns for 2019.

Tue, 29 Jan 2019 02:54:36 GMT

AT&T to cut positions in weaker units

AT&T is set to cut some jobs in the company's declining segments, while hiring more staff in faster-growing areas of the business, an AT&T spokesman stated.

Tue, 29 Jan 2019 02:51:53 GMT

Whirlpool: strong Dollar, costs to hit profit this year

The US maker of home appliances Whirlpool Corp stated that the company's 2019 adjusted revenue and profit are set to increase less than expected amid higher costs, tax bill and a strong dollar.

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