Month: November 2019

Rakuten Inc’s quarterly operating profit was almost wiped out in the three months ended September as the value of its investment in ride-hailing firm Lyft slid. Earlier this week, Rakuten said it would book a 103 billion yen writedown on its 11% stake in Lyft Inc. Bets on the ride-hailing industry by Rakuten and its bigger rival SoftBank Group Corp, the largest shareholder in Uber Technologies, have soured amid a market sell-off of money-losing startups. …read more […]

Deutsche Telekom on Thursday raised its guidance for core earnings this year as it posted solid third-quarter results, saying it planned to pay an annual dividend of 0.60 euros regardless of whether a proposed U.S. merger goes through. Europe’s largest telecoms operator now expects core earnings before interest, taxation, depreciation and amortization after leases (EBITDA AL) of 24.1 billion euros ($26.6 billion). Deutsche Telekom has been lifted by the strong performance of U.S. unit T-Mobile, whose proposed takeover of smaller rival Sprint is on hold pending a court hearing on Dec. 9 into a lawsuit brought by several …read more […]

In a glass-walled laboratory, chemists puff on vaping devices as they test liquid nicotine flavors. Here at the Shenzhen offices of e-cigarette start-up RELX Technology, workers scramble to keep pace with the rush of firms vying for sales in the world’s biggest tobacco market. Founded by former employees of Didi Chuxing, China’s answer to Uber, RELX aims to become China’s answer to Juul Labs Inc, the San Francisco startup that captured a huge share of the U.S. vaping market with a sleek and addictive e-cigarette. …read more […]

(Bloomberg) — Most analysts following South Africa expect it to lose its final investment-grade rating. But they disagree over when that might happen and what the consequences would be.The gloomiest reckon it would trigger more than $10 billion of outflows and cause the rand to weaken to its lowest level in almost four years.Others say investors have already priced in a downgrade and South African assets may even rise in the aftermath, especially if sentiment toward emerging markets stays strong.Moody’s Investors Service, which rates South Africa Baa3, one step above speculative grade, cut its outlook to negative on Nov. 1. …read more […]

Q3 2019 Badger Daylighting Ltd Earnings Call …read more […]

Australia’s four major banks reported a second consecutive year of lower returns, dragged down by hefty customer compensation bills following mis-selling scandals, greater competition and a low credit growth environment. National Australia Bank Ltd , the last of the so-called “Big Four” to report annual earnings, on Thursday posted a 10.6% drop in profit, cut its final dividend and said it planned to raise about A$1.55 billion in new shares to help meet new regulatory capital ratios. NAB and its peers Westpac Banking Corp , Australia and New Zealand Banking Group and Commonwealth Bank of Australia …read more […]

Chinese personal computer maker Lenovo Group Ltd reported a 20% year-on-year jump in second-quarter profit on Thursday, slightly beating analysts’ estimates, on the back of strengthening demand for its products. Lenovo’s net profit in the quarter ended September rose to $202 million, compared with an average estimate of $199.59 million by eight analysts, according to Refinitiv data. China’s Lenovo Group, the world’s largest PC maker, warned in August that it would have to raise prices if U.S. tariffs increased, and that shifting manufacturing from China to avoid tariffs could further bump up costs. …read more […]

Takeda Pharmaceutical Co’s experimental dengue vaccine was highly effective at preventing the mosquito-borne disease in a late stage study, but it failed to protect against one type of the virus in people with no prior exposure to dengue. Takeda’s vaccine was 80.2% effective at preventing dengue among children and teens in the year after they got the shot, according to results of a Phase III study published in the New England Journal of Medicine on Wednesday. Sanofi’s Dengvaxia – the world’s first dengue vaccine – had demonstrated 59.2% overall efficacy in the first year of follow-up based on …read more […]

Simmons Prepared Foods, Inc., based in Arkansas, is recalling more than 2 million pounds of its ready-to-cook chicken products, the USDA announced. …read more […]

Q3 2019 Nexstar Media Group Inc Earnings Call …read more […]