AbbVie 2019 revenue forecast beats estimates, future Botox sales on deck

05-11-2019
On Friday, the 1st of November 2019, the North Chicago, Illinois-based biopharmaceutical company, AbbVie Inc. that formed as a spin-off of Abbott Laboratories back in 2013, had raised its full-year revenue forecast for 2019

AIG profit misses estimate on lift unit review, staggering loss period

05-11-2019
On Friday, the 1st of November 2019, AIG had released its quarterly earnings’ report for Q3, 2019, which had missed an analysts’ estimate by a wider margin following a period of perilous losses

AT&T adds Seagate Chair Stephen Luczo in the management board

04-11-2019
On Friday, AT&T Inc. had issued a public statement saying that its management board had agreed to add the Chair of Seagate Technology Plc., Stephen Luczo at its management board

Deutsche Bahn in talks with Carlyle for Arriva sale

04-11-2019
Berlin-based German railway company, Deutsche Bahn AG, had been in an advanced-stage talk with US-based multinational private equity firm Carlyle over a potential sale of its German rail operator Arriva

FCA & PSA expected to sign $50 billion binding merger by early-December

04-11-2019
As talks were progressing over rubberstamping a 50-50 merger between FCA and PSA, the two automotive industry Goliaths had been sketching out a plan to seal a final merger accord as early as by the beginning of December

Exxon, Chevron Q3 earnings tottered on lower oil & gas prices

04-11-2019
On Friday, the 1st of November 2019, Chevron Corp. alongside Exxon Mobil Corp. had reported their quarterly earnings’ report for the third quarter of the year, both of which had fallen short of analysts’ estimates

Google makes headway into fitness tech market with $2.1bn Fitbit purchase

04-11-2019
On Friday, a top official of Mountain View, CA-based American multinational conglomerate, Google LLC-parent Alphabet Inc., had confirmed Google’s $2.1 billion bid to purchase wearable tech device manufacturer, Fitbit Inc.

Apple urges US to lift tariffs on China-made watches, iPhone parts, AirPods

04-11-2019
On Thursday, the Cupertino, CA-based iPhone manufacturer and a multinational technology conglomerate, Apple Inc., had urged US President Donald Trump’s administration to lift tariffs on China-made Apple products

US launches national security probe on China’s TikTok

03-11-2019
On Friday, the 1st of November 2019, the US Government had launched a national-scale security probe on TikTok-owner, Beijing ByteDance Technology Co.’s $1 billion takeover of US social media app Musical.ly

Alibaba beats earnings’ estimates, shares rise

03-11-2019
On Friday, the 1st of November 2019, China’s e-commerce behemoth, Alibaba Group Holding Ltd., had reported a 40 per cent rise in its second quarterly revenue

Saudi Crown Prince approves Aramco IPO kick-off on Sunday

03-11-2019
On Friday, Saudi Arabia’s Crown Prince, Mohammed bin Salman had confirmed that a planned Initial Public Offering (IPO) in the domestic market of Saudi’s state-controlled oil giant Aramco would be announced on Sunday

US construction spending beats expectation on robust homebuilding

03-11-2019
On Friday, US Construction spending data released on GMT 14.00, had orchaestrated a better-than-anticipated portrait as homebuilding investment surged to its highest level in more than 38 weeks in September following a sharp decline in mortgage rate

US Prosecutors sue UAW in corruption case involving union president Jones

03-11-2019
On Thursday, the 31st of October a top official of United Auto Workers (UAW) was charged with embezzling hundreds of thousands of dollars in a conspiracy scheme that involved the UAW union president Gary Jones

US consumer spending slowing down, inflation benign

03-11-2019
On Thursday, the 31st of October, a report from US Commerce department on US consumer spending released on GMT 12.30 had revealed a perilous portrait of the US economy

Ford to shut down Michigan engine plan as part of UAW contract

02-11-2019
Ford Motor Co., had been working out a plan to shutter down one of its engine manufacturing plants in Romeo, Michigan, as a part of a tentative four-year contract signed with its workers’ union, UAW, earlier on Wednesday

Fiat & PSA plan 50-50 merger to draw up world’s No. 4 automaker

02-11-2019
London-based Italian-American carmaker Fiat Chrysler Automotive NV, shortly dubbed as FCA, alongside Peugeot maker French PSA, had been drawing out a plan to combine forces at a 50-50 merger

Pinterest profit misses estimate, forecasts disappoint, shares nosedive

02-11-2019
On Thursday, Pinterest Inc., the social media web and mobile application company centring its focus mostly on image sharing with 2.91 billion active users had released its third quarterly earnings’ report that fell well-short of Wall Street estimates

Former WeWork CEO Adam Neumann accused of ‘Pregnancy Discrimination’

02-11-2019
WeWork alongside Adam Neumann, the WeWork co-founder turned in to supplanted CEO of the shared online office-space provider, were accused of pregnancy discrimination by one of the chief of staffs

Diamonds Eagle in talks to buy fantasy sports provider DraftKings

02-11-2019
LA-based special purpose acquisition company, Diamond Eagle Acquisition Corp., had been in an advanced-stage talk to purchase DraftKings Inc., a Boston, Massachusetts-based daily fantasy sports contest and sports betting provider

Samsung Q3 profit plunged 56% amid trade tensions, global slowdown

02-11-2019
On Thursday, the 31st of October 2019, the South Korean technology conglomerate, Samsung Electronics Co. Ltd. released its Q3 earnings’ report which had factually reflected a caustic shadow looming over the global economy

Coffeemaker Starbucks earnings’ ramp up on China expansion, cold brews

02-11-2019
On Wednesday, the 30th of October 2019, the Seattle, Washington-based multinational coffee company and coffeehouse chain operating in more than 30,000 locations worldwide, had beaten Wall Street estimates on sales and revenues

Lyft Inc. Q3 profit beats estimate as riders, revenues rise

01-11-2019
On Wednesday, the San Francisco, CA-based smaller rival of ride-hailing pioneer Uber Technologies, Lyft Inc. appeared to be finding its path towards profitability, as the ride-sharing start-up reported a better-than-anticipated Q3 revenues

Facebook raises profit forecast as sales beat estimate, traffic shores up

01-11-2019
On Wednesday, in the face of an unfathomable pressure stemming up of Facebook Inc.’s planned Geneva-based crypto project Libra, the Menlo Park, CA-based social networking giant had reported its third consecutive quarterly sales growth

Apple outweighs trade war torments, lifts holiday quarter outlook

01-11-2019
On Wednesday, the 30th of October 2019, the Cupertino, CA-based iPhone manufacturer, Apple Inc. had raised its sales forecast for the critical holiday quarter that had beaten Wall Street estimates by a fair distance

US Fed cuts interest rate by 25-bps, signals a pause on further rate-cut

01-11-2019
On Wednesday, the 30th of October 2019, the US Federal Reserve slashed interest rate by 25-basis point for the third time this year in a bid to sustain a US growth which has been experiencing a record-long streak of expansion