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Australia central bank to hold interest rate in February, next cut seen in April: Reuters poll SYDNEY (Reuters) - Australia's central bank will likely hold its cash rate at a record low of 0.75% next week but cut at least once more later this year, a Reuters poll showed, amid signs the country's economy was still stuck in a slow lane. FILE PHOTO: Two ...
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Asia stocks mixed as coronavirus concerns continue to weigh on investor sentiment Asia markets were mixed on Friday as fears over the ongoing coronavirus outbreak in China continued to weigh on investor sentiment. The World Health Organization has declared a global health emergency over the the coronavirus outbreak that has killed at ...
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Will Boeing's New CEO Rename The 737 MAX? 'I'm Not Going To Market My Way Out Of This' New Boeing CEO David Calhoun is two weeks into the job and is being closely watched to see how he steers the company's flagship commercial aircraft division and in what ways he breaks from predecessor Dennis Muilenburg. For future products, Calhoun ...
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Corteva speeds up North America biotech soy seed rollout, challenging Bayer By Tom Polansek and Ana Mano. CHICAGO/SAO PAULO, Jan 30 (Reuters) - U.S. seeds and agricultural chemicals maker Corteva Inc CTVA.N said Thursday it will accelerate production of its next-generation biotech soybean seeds and complementary ...
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Aston Martin to raise £500m in emergency funding Struggling luxury UK carmaker Aston Martin has announced plans to raise emergency funding worth £500m. A consortium led by billionaire Lawrence Stroll will put in £182m, with the rest coming from issuing fresh shares to existing investors. Mr Stroll partly ...
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Amazon holiday results crush expectations, and its stock surges 12% Amazon.com Inc. dispelled concern about the cost of next-day delivery by reporting holiday-quarter revenue and profit that crushed Wall Street estimates. The stock surged 12% in after-hours trading Thursday on the news. Fourth-quarter sales climbed 21% to ...
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LG Display looks to a more positive 2020 on OLED demand, shares rise SEOUL (Reuters) - Apple supplier LG Display Co Ltd posted a smaller-than-expected quarterly loss on Friday and offered an optimistic outlook for the year on higher demand for its organic light-emitting diode (OLED) panels, sending its shares up 4%.
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Facebook Stock Drops 7% Despite Earnings Beat Facebook (NASDAQ: FB) reported fourth-quarter and full-year 2019 results after the closing bell on Wednesday that disappointed the market. Shares of the social-networking and tech behemoth plunged 7% in Wednesday's after-hours session, which doesn't ...
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New Hummer returning as all-electric truck in Super Bowl ad with LeBron James It's baaaaack. GMC. The rumors were true: Hummer is returning. And just like any good action-hero comeback movie, the revival of General Motors' love-or-hate truck brand won't just have a few twists and turns, it'll have an action-packed trailer. This one will ...
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Jim Cramer: Tesla's success is reminiscent of Amazon and Netflix CNBC's Jim Cramer said Thursday that Tesla's success reminds him of what has been accomplished by Amazon and Netflix, companies that overcame early doubters to upend industries. "Wall Street never runs out of money for a company that has the best ...
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H&M's First Female Boss Boosts Persson Fortune by $1.4 Billion Stefan Persson just got a hefty retirement gift from investors. Hennes & Mauritz AB's chairman, who announced Thursday he is stepping down in May, added $1.4 billion to his fortune as the clothing retailer's shares rose 9.4% in Stockholm. His son Karl-Johan, ...
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Amazon to open 2 brick-and-mortar stores in NJ Amazon already has conquered the online shopping world, and soon it will have a brick-and-mortar presence in New Jersey. The e-commerce giant is opening Amazon 4-Star stores at the Willowbrook Mall in Wayne and at the American Dream Mall in East ...
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Western Digital and Kioxia Announce BiCS5 112-Layer 3D NAND Western Digital and Kioxia have announced the successful development of their newest generation of 3D NAND flash memory. Their fifth-generation BiCS 3D NAND has commenced production in the form of a 512 Gbit TLC part, but will not ramp up to ...
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Dozens protest proposed Duke Energy rate hike CHARLOTTE, N.C. — Dozens of customers packed a North Carolina Utilities Commission meeting Thursday to protest Duke Energy's request to raise utility rates by more than six percent. The meeting, which was held at the Mecklenburg County Courthouse, ...
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Levi Reports Higher Profitability on Higher Prices, Fewer Discounts Levi Strauss & Co.'s profitability rose in its latest quarter, with the jeans maker citing higher prices and fewer sales to off-price retailers. The company also reported continuing weakness in its U.S. wholesale business, however. The shares alternated between ...
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Warren Buffett's son to visit Quad-Cities United Way March 5 While billionaire investor Warren Buffett is selling his Berkshire Hathaway newspapers to Davenport-based Lee Enterprises, his youngest son Peter will be in the Quad-Cities on March 5 to sell local leaders and residents on how to make a better community.
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Recent Drug Launches Support Strong Quarter for Lilly Eli Lilly (LLY) posted strong fourth-quarter results ahead of our expectations, and we have raised our fair value estimate to $135 (from $121) based on an improving outlook. Lilly is moving into a period of strong growth following heavy research and ...
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Change climate policy now to avert oil market crisis, warns thinktank The oil industry is at ...
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Bharti Airtel says DGFT has removed the company's name from 'Denied Entry List' Telecom operator Bharti Airtel today said that the company's name have been removed from DGFT's 'Denied Entry List'. The Directorate General of Foreign Trade (DGFT), which is under the Commerce Ministry, had put the company under the list for ...
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Visa Inc. Fiscal First Quarter 2020 Financial Results Visa Inc. (NYSE: V) today announced its fiscal first quarter 2020 financial results through an earnings release that will be furnished with the Securities and Exchange Commission on a Form 8-K and will be available on its Investor Relations website at ...
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XRP rallies by 30% in one month as bull market beckons A cryptocurrency bull market is seemingly closer than ever with a number of top coins surging significantly since the turn of the year. Oliver Knight. January 30, 2020. Share: Ripple's controversial XRP token has surged significantly over the past month, ...
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Cheering for the underdog: How the humble chicken wing became the true star of Super Bowl Sunday Clutching their tiny joints, we sink our teeth into their crisp skin, tearing a modest amount of flesh clean from the bone. Sauce spattering, dry rub stinging our lips — it's a messy business, but oh-so-worth-it. After the carnage is complete, we shove aside the bare ...
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