(Reuters) – U.S. stock futures gave up earlier gains on Wednesday stemming from Apple’s forecast-beating results, as caution set in ahead of the Federal Reserve’s comments on inflation and monetary policy.
(Reuters) – Shares of Snap Inc fell 17 percent on Wednesday, a day after the Snapchat owner missed first-quarter user targets and said revenue growth would see a substantial slowdown in the current quarter as backlash over the app’s redesign kept advertisers at bay.
LONDON (Reuters) – Unilever defended its plan to move its headquarters to the Netherlands at what could be its last London annual general meeting on Wednesday, saying the decision had nothing to do with protectionism or Dutch takeover rules.
BRUSSELS (Reuters) – European Commission President Jean-Claude Juncker said on Wednesday the European Union will not accept threats in talks with the United States to secure a permanent exemption from U.S. import tariffs on steel and aluminum.
SEOUL (Reuters) – General Motors’ planned $3.6 billion cash infusion to rescue its South Korean business will be in the form of loans, while Korea Development Bank (KDB) will receive preference shares for its $750 million investment in GM Korea, two sources familiar with the matter said on Wednesday.
(Reuters) – Chesapeake Energy Corp’s quarterly profit exceeded analysts’ estimates on Wednesday, as it produced more oil and natural gas at higher prices while continuing to lower costs, pulling shares in the company around 3 percent higher.
(Reuters) – Apple’s forecast-beating results helped U.S. stock futures edge higher on Wednesday, even as investors were wary ahead of the Federal Reserve’s monetary policy decision.
Exxon Mobil Corp. and Chevron Corp. both reported mixed first-quarter results, but for analysts at Barclays there’s one clear winner to pick between the two oil majors. It all comes down to a “structural deterioration” in Exxon’s project portfolio, making Chevron’s stock a clear favorite, said the analysts, led by Paul Cheng. Exxon (XOM) and Chevron (CVX) reported first-quarter earnings last week, with Exxon missing Wall Street per-share expectations while Chevron missed sales forecasts. …read more […]
T-Mobile US Inc. and Sprint Corp. know their audience. Sensing that there may be regulatory opposition to their merger, the two companies have framed their combination around themes likely to appeal with the current administration, namely a better chance at victory in the tech race against China. All of this hinges on 5G technology, a new wireless standard that the carriers, along with many others, are racing to deploy. …read more […]
BRUSSELS (Reuters) – U.S. aerospace and industrial company United Technologies Corp is set to win EU antitrust approval for the largest aerospace deal in history – a $23 billion bid for avionics maker Rockwell Collins, people familiar with the matter said on Wednesday.
The home-price index from real estate data provider CoreLogic showed national yearly price growth of 7% in March. Annual price gains have averaged 6.5% so far in 2018, up from an average of 5.9% last year. CoreLogic said lopsided supply-demand dynamics are to blame. …read more […]
LONDON (Reuters) – Forecast-beating results from the world’s biggest company, Apple, lifted tech shares on Wednesday, putting Wall Street on track for a firmer session despite some trepidation over a Fed meeting later in the day.
BRUSSELS (Reuters) – EU antitrust regulators are set to give conditional approval to U.S. aerospace and industrial company United Technologies Corp’s $23 billion bid for avionics maker Rockwell Collins, people familiar with the matter said on Wednesday.
ZURICH (Reuters) – Swiss food group Nestle has clinched an agreement with European retailers to settle a months-long pricing row and get its products back on sale, the world’s biggest packaged food maker said on Wednesday.
These two big pharma stocks have a lot in common. But only one is the better choice right now. …read more […]
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