Business

Check out the companies making headlines before the bell: CBS – CBS reported adjusted quarterly profit of $1.12 per share, beating consensus estimates by 1 cent a share. Revenue also beat forecasts, with the company on track for record full-year results. CEO Leslie Moonves did not address allegations of sexual misconduct against him during the
0 Comments
Qilai Shen | Bloomberg | Getty Images Kevin Johnson, chief executive officer of Starbucks Corp., speaks during a Bloomberg Television interview in Shanghai, China, on Thursday, Aug. 2, 2018. Starbucks is joining forces with Alibaba Group Holding Ltd. to begin delivering its drinks and baked goods in China, rolling out an effort to stave off competitors and turn
0 Comments
American International Group reported second quarter profit that fell well short of expectations, sparking an after-hours sell off in its shares. As of 4:21 p.m., AIG shares had fallen 6 percent and were on track for their worst day since February 2017. The insurance giant reported earnings per share of $1.05 for the quarter compared
0 Comments
The chief executive of one of Europe’s biggest industrial firms has said the trade debate will likely affect corporate strategy. The business world has been unsettled by the probability that exports and imports could be made more expensive by additional costs imposed by countries looking to support their domestic economies. Speaking to CNBC on Thursday,
0 Comments
Alberto E. Rodriguez | Getty Images Elon Musk, co-founder and chief executive officer of Tesla Inc. David Einhorn’s hedge fund Greenlight Capital said the firm’s bet against Tesla shares “was our second biggest loser” in the most recent quarter. The billionaire also said in the Greenlight letter he was “happy that his Model S lease
0 Comments
Check out the companies making headlines before the bell: Pfizer – Pfizer reported adjusted quarterly profit of 81 cents per share, 7 cents a share above estimates. Revenue also beat forecasts. Its results were helped by stronger sales of drugs like its arthritis treatment Xeljanz and pneumonia vaccine Prevnar. Procter & Gamble – The consumer
0 Comments
Check out the companies making headlines before the bell: Comcast – The NBCUniversal parent earned an adjusted 65 cents per share for the second quarter, 5 cents a share above consensus estimates. Revenue came in slightly short of Street forecasts. Comcast added 260,000 broadband customers during the quarter, the highest for a second quarter in
0 Comments
Shares of Mattel plummeted more than 8 percent after the company disclosed that it would be cutting 2,200 jobs on Wednesday. The company said this reduction represents 22 percent of its global non-manufacturing workforce. The toy company had announced a cost savings program in October, with the goal of eliminating $650 million in costs over
0 Comments