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“We believe PayPal is well-positioned to benefit from eCommerce growth and the digitization of payments and is broadening its leadership position through its global scale and controlling the end-to-end experience. PayPal is still in the early stages of its transformation from a button/online checkout company to a global payments platform with a sizable addressable market
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Autodesk forecast second-quarter profit on Thursday below Wall Street expectations, sending the AutoCAD software maker’s shares down nearly 4 percent in extended trading. The company’s forecast overshadowed a beat on both first-quarter revenue and profit. Autodesk forecast second-quarter adjusted profit between 13 cents and 16 cents per share. Analysts on average were expecting a profit
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The CEO of Italy’s largest utility firm says he’s been left stunned by the tactics deployed by Spain’s Iberdrola, amid a bitter feud over Brazil’s largest power distributor. Europe’s top two utilities, Enel and Iberdrola, are in the midst of a fierce battle to secure the assets of Brazil’s Electropaulo. The South American grid operator
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United Continental Holdings has selected former Federal Aviation Administration chief Jane Garvey as board chair, making her the first woman to lead the company’s directors, the carrier said on Thursday. “Jane steps into this critical role bringing with her decades of experience as both a leader and pioneer in our industry,” United Chief Executive Oscar
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President Donald Trump’s decision Thursday to cancel the Singapore summit with North Korea‘s leader sent the price of gold higher as global investors sought safety. Bridgewater Associates founder Ray Dalio shared a specific game plan last year during a time period of rising tensions between the U.S. and North Korea. The investor recommended gold as
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Medtronic’s fourth-quarter profit topped analysts’ estimates on Thursday on higher demand for heart valves and diabetes devices such as insulin pumps. Medtronic, the world’s largest standalone medical device maker, sells everything from minimally invasive therapies to spinal and heart devices, and it has been launching new products to combat increasingly fierce competition. The company on
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