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Sysco Q1 profit jumps 17.2% but misses estimates
Sysco Corp. (SYY) reported a 17.2% jump in earnings for the first quarter helped by lower income taxes...
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Diamond Offshore posts smaller than expected Q3 loss
Diamond Offshore Drilling Inc. (DO) slipped to a loss in the third quarter from a profit last year,...
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Verizon plans to revamp its units: Oath becomes separate segment
Carrier giant Verizon Communications Inc (VZ) announced plans to reorganize its business segments to just three — Consumer,...
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Companies reporting earnings this week: Nov 5-9
A slew of major companies are reporting earnings this week. Generic drugmaker Mylan Inc. (MYL) will announce third-quarter...
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European banks clear stress test, but Barclays shocks
On Friday, the European Banking Authority (EBA) published the results of the 2018 stress tests, which showed that...
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Eight importers get respite from the US to resume Iran oil trade
The United States of America on Friday announced that it would temporarily allow eight importers to resume buying...
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Key management comments from Apple Q4 2018 earnings conference call
Apple (AAPL) shares plunged 7% on Thursday during after-market trading after the company reported fourth quarter results. Even...
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Robust HDD sales lift Seagate Q1 results; unveils $2.3B share buyback
A further strong growth in hard-disk shipments pushed up Seagate’s (STX) first-quarter revenues and earnings, which also topped...
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Apple Q4 results beat estimates; stock falls on weak iPhone sales, guidance
Announcing the first quarterly results after achieving the $1-trillion valuation milestone, Apple (AAPL) reported record earnings for the...
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Brexit could spur interest rate hikes after holding rates at 0.75%
The UK headline interest rate is maintained as expected at 0.75% by the Bank of England. The bank...
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Starbucks keen on getting its brew right during holidays
After enticing customers with its Halloween-themed frappuccino, Starbucks (SBUX) is all set to make the holiday season special...
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Higher costs drag Marathon Petroleum Q3 earnings; stock dips
Marathon Petroleum Corp. (MPC) reported a decline in third-quarter earnings hurt by higher operating costs, despite strong revenue...