U.S. Markets News
GE to get rid of consumer lighting business as cash crunch escalates
Engineering giant General Electric (GE) has been on a divestiture spree, in an effort to revitalize its balance sheet. On…
Elon Musk’s SpaceX looks to a $750-million leveraged loan
Tesla (TSLA) sibling and Elon Musk's space exploration company, SpaceX, is planning to seek a leveraged loan of $750 million,…
Marriott International stock falls on weak Q3 top line
Marriott International (MAR) reported a 0.4% decline in earnings for the third quarter as higher costs and expenses partially offset…
Roku Q3 2018 Earnings Preview: Will the rollercoaster ride continue?
If you ever miss the fair rides, you just take a look at the stock graph of Roku Inc. (ROKU)…
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 earnings on…
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 Iranian oil…
European competition threatens AbbVie’s run of top-selling Humira
US pharma giant AbbVie Inc (ABBV) cut its overseas sales forecast on Friday for its offering Humira, on expected pricing…
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 though it…
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 fourth quarter…
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 projected interest…