(Reuters) – Tesla Inc Chief Executive Elon Musk’s refusal to take questions from analysts about the electric car maker’s financial condition drew sharp criticism from Wall Street analysts and investors on Thursday, pushing its stock down 7 percent.
Amazon is extremely unhappy over a Seattle tax proposal that would set it back …read more […]
(Reuters) – U.S. indexes were on track to open lower on Thursday as investors remained on edge about U.S.-China trade talks, while the latest round of earnings added little cheer.
(Reuters) – U.S. stock index futures were flat on Thursday as investors remained on edge about the U.S.-China trade talks, while the latest round of earnings added little cheer.
Israel’s heavily indebted Teva Pharmaceutical Industries (TEVA.TA) on Thursday raised its financial outlook for 2018 after reporting a smaller than expected drop in first-quarter net profit and revenue. Teva also said that while it does not expect to receive approval for its migraine treatment fremanezumab by mid-June, as had been hoped, it does expect the key drug to gain approval in time for launch before the end of 2018. Analysts had forecast Teva (TEVA.N) would earn 67 cents a share excluding one-offs on revenue of $4.8 billion, according to Thomson Reuters I/B/E/S. …read more […]
Using technology-assisted review (TAR) technology in the U.S. v. Cohen privilege review could potentially expedite the process, while offering transparency around decision-making. …read more […]
FRANKFURT (Reuters) – Europe’s economic slowdown came sooner than expected and factors holding back growth may persist in the near term but the European Central Bank is still making “substantial” progress in lifting inflation, ECB Chief Economist Peter Praet said.
DERBY, England (Reuters) – Rolls-Royce would be interested in bidding to provide a new engine for the United State’s B-52 bombers, said its CEO, should authorities proceed with a project to update the jets.
FRANKFURT (Reuters) – The European Central Bank has made “substantial” progress in lifting inflation but its work is not yet done and requires patience from policymakers, ECB Chief Economist Peter Praet said on Thursday.
(Reuters) – Canadian plane and train maker Bombardier Inc has agreed to sell its Toronto aircraft assembly site to a pension fund as it strives to raise extra cash under a five-year recovery plan.
BEIJING (Reuters) – U.S. President Donald Trump praised his relationship with Chinese President Xi Jinping as a U.S. delegation arrived in Beijing on Thursday for talks on tariffs, with state media saying China will stand up to U.S. bullying.
(Reuters) – Canadian plane and train maker Bombardier Inc reported a 16-percent rise in its favored measure of profit on Thursday and said it had agreed to sell its Toronto aircraft assembly site to a pension fund as part of its five-year recovery plan.
BERLIN (Reuters) – Volkswagen is still looking at whether to spin off assets such as motorcycle maker Ducati and transmissions maker Renk, its new chief executive said, as the autos group strives to streamline its operations and become more efficient.
LONDON (Reuters) – World stocks made little progress on Thursday as worries over global trade tensions weighed, while the U.S. dollar consolidated recent bumper gains after the Federal Reserve reaffirmed the outlook for more rate hikes.
ZURICH (Reuters) – UBS Group Chief Executive Sergio Ermotti warned on Thursday that investors may be expecting too much too soon from Switzerland’s biggest bank, noting heavy spending on technology would weigh on results in the short term.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
