Salesforce.com Inc forecast third-quarter and full-year revenue above Wall Street estimates on Thursday, as it benefits from acquisitions and more companies opting for its cloud-based services, sending its shares up 7% in extended trading.
The Trump administration is studying tax cuts to buttress long-term U.S. economic growth that could be rolled out during the 2020 election campaign but is not looking at action to counter any perceived economic weakness now, the White House economic adviser said on Thursday.
The U.S. Securities and Exchange Commission on Thursday said Deutsche Bank had agreed to pay $16 million to settle charges that it violated the Foreign Corrupt Practices Act.
U.S. President Donald Trump, faced with mounting anger in the farm belt over policies that allow oil refineries to use less corn-based ethanol, summoned Cabinet members on Thursday to discuss ways to boost biofuel demand, four sources familiar with the matter said.
HP Inc said on Thursday Chief Executive Officer Dion Weisler is stepping down after nearly four years in the role, and forecast fourth quarter profit below Wall Street estimates, sending its shares down 6% in late trade.
U.S. and Chinese deputy-level negotiators held a “very constructive” teleconference on Wednesday and the Trump administration is still planning for a round of in-person talks in September, White House economic adviser Larry Kudlow said.
Activity is contracting in the U.S. manufacturing sector but the number of Americans filing applications for unemployment benefits fell last week, signs that factories are suffering from a global slowdown even as the broader labor market remains healthy.
The U.S. Federal Reserve is under pressure from President Donald Trump to cut interest rates. Investors expect the Fed to cut, perhaps by a lot.
The Trump administration is considering a package of tax cuts designed to buttress the economy’s long-term growth that could be rolled out during the 2020 election campaign, but it is not considering reductions now to counter economic weakness, White House economic adviser Larry Kudlow said on Thursday.
U.S. toy maker Hasbro Inc will buy Entertainment One Ltd for about $4 billion (3.27 billion pounds) in cash, adding the independent studio with preschool brands such as Peppa Pig and PJ Masks, the companies said on Thursday.
HP Inc said on Thursday that Chief Executive Officer Dion Weisler was stepping down after nearly four years, citing personal reasons.
The benchmark S&P 500 ended little changed on Thursday as a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity while investors awaited Federal Reserve Chair Jerome Powell’s speech on Friday for clues on the central bank’s monetary policy.
A biofuels producer said on Thursday it is proposing to acquire the fire-damaged Philadelphia Energy Solutions refinery and convert it to make renewable diesel and jet fuels.
HP Inc , the hardware business that was formerly part of Hewlett Packard Co, said on Thursday that Chief Executive Officer Dion Weisler is stepping down from the role in November.
U.S. toy maker Hasbro Inc will buy Entertainment One Ltd for about $4 billion in cash, adding the independent studio with preschool brands such as Peppa Pig to the U.S. company known for Nerf and Power Rangers, the companies said on Thursday.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
