Business News
GM’s self-driving division secures $1.2-billion funding from investor group
The autonomous vehicle unit of General Motors (NYSE: GM ) received a big fillip this week after it secured a $1.15-billion…
AB InBev Q1 earnings rise amid solid organic revenue growth
Anheuser-Busch Companies (NYSE: BUD), the manufacturer of popular beer brand Budweiser, Tuesday reported an increase in first-quarter earnings, supported by…
Kraft Heinz to restate financial reports; to delay Q1 results
Pursuant to an investigation into its procurement practices, based on an SEC notification, packaged food company Kraft Heinz (Nasdaq: KHC)…
Earnings: Tyson Foods Q2 profit, sales beat Street view
Packaged food company Tyson Foods (NYSE: TSN) Monday reported better-than-expected earnings and revenues for the second quarter of 2019. The…
Earnings: Newell Brands stock spikes after Q1 results beat estimates
Consumer goods company Newell Brands (Nasdaq: NWL) reported a decline in adjusted earnings for the first quarter of 2019, owing to…
Teva Pharma sinks on Q1 revenue miss amid generic competition; earnings beat
Drugmaker Teva Pharmaceutical (NYSE: TEVA) reported a decline in first-quarter adjusted earnings, owing to a 15% fall in revenues as…
Earnings: Qualcomm Q2 results exceed forecast; stock falls on weak guidance
Qualcomm (QCOM) Wednesday reported a decline in second-quarter earnings and revenues, reflecting the ongoing slump in the semiconductor market. The results,…
Comcast acquires WiFi service provider Deep Blue Communications
Days after reporting strong financial results for the first quarter, cable communications firm Comcast (Nasdaq: CMCSA) Wednesday said it closed…
Earnings preview: New product launches in focus as Teva gets ready for Q1 report
Teva Pharmaceutical (NYSE: TEVA) has long endued uncertainties in business even as the generic drug maker continued its efforts to…
Earnings: Humana Q1 profit climbs on strength of Medicare biz; lifts FY19 guidance
Healthcare service provider Humana, Inc. (NYSE: HUM) Wednesday reported better than expected earnings and revenues for the first quarter, helped…
Earnings: Groupon stock climbs after Q1 results top expectations
Groupon (Nasdaq: GRPN) said its adjusted earnings remained unchanged from last year in the first quarter even as revenues declined. However,…
Amgen Q1 earnings beat Street view; lifts full-year earnings guidance
Biotechnology firm Amgen (Nasdaq: AMGN) reported first-quarter earnings that increased from last year and exceeded estimates, while revenues remained unchanged. Meanwhile,…
Pfizer Q1 profit tops expectations; raises FY19 earnings outlook
Pharma giant Pfizer (NYSE: PFE) Tuesday reported stronger than expected earnings and revenues for the first quarter of 2019. The…