Business News
Exclusive: HSBC considering exit from Turkey – sources
HSBC is considering exiting Turkey as part of broader cost-cutting measures under interim Chief Executive Noel Quinn, sources familiar with the matter said.
Month: January 2020
Trading Ideas
McDonald's quarterly sales growth, profit beat Wall Street estimates
Over the past few years, McDonald’s has focused on improving dining experience by bringing technology to stores and shoring up delivery services, while also adding new burgers, beverages and breakfast foods to its menus to lure customers. Chief Executive Officer Chris Kempczinski, who took charge in November after the company’s previous chief was dismissed, said the annual global comparable sales growth of 5.9% was the chain’s highest in more than 10 years. As a part of its former CEO’s vision, the company began modernizing stores and even bought two smaller technology firms that focus on digitizing stores and …read more […]
Trading Ideas
AT&T revenue falls short of estimates as satellite TV sheds subscribers
AT&T has spent a combined $134 billion on DirecTV and Time Warner to transform itself into a media company, but is struggling to stem the loss of valuable satellite subscribers as audiences cut the cord and switch to streaming services. …read more […]
Business News
Mastercard beats profit estimates on strong holiday season spending
Mastercard Inc beat Wall Street estimates for quarterly profit on Wednesday as customers spent more on its cards during the U.S. holiday shopping season, boosting fees for the world’s second-largest payment processor.
Business News
GE beats profit, cash flow estimates on aviation, lower spending
General Electric Co quarterly profit and cash flow beat analysts’ estimates on Wednesday, boosted by its aviation unit, but the industrial conglomerate set a relatively modest profit target for 2020.
Trading Ideas
Beyond Meat expands plant-based fried chicken at KFC
More big deal news from Beyond Meat. Yahoo Finance speaks with Beyond Meat founder Ethan Brown. …read more […]
Business News
Buoyed by company earnings, world markets look past virus
Global markets showed more signs of stabilisation on Wednesday as investors looked past China’s coronavirus outbreak and moved back into shares from safe-haven assets such as the yen and German bonds.
Business News
EU guidelines allow members to either restrict or ban high risk 5G providers like Huawei
EU countries can either restrict or exclude high-risk 5G vendors from core parts of their telecoms networks, according to new EU guidelines announced on Wednesday, a move targeting China’s Huawei Technologies but falling short of a U.S. call for a complete ban.
Business News
Huawei says it welcomes EU guidelines on 5G security
Chinese telecoms equipment maker Huawei [HWT.UL] on Wednesday welcomed the European Union’s 5G guidelines that are likely to limit its business in Europe, but which fall short of a U.S. call for a total ban.
Trading Ideas
GE Jumps After Cash-Flow Outlook Bolsters CEO’s Turnaround Drive
(Bloomberg) — General Electric Co. jumped after the company said cash from its manufacturing operations will probably rise in 2020, supporting Chief Executive Officer Larry Culp’s effort to rescue the iconic maker of jet engines and power equipment.Industrial free cash flow, a closely watched metric that’s viewed as an indicator of earnings potential, is projected to climb to as much as $4 billion this year from $2.32 billion in 2019, GE said in a statement Wednesday as it reported results. Wall Street had been expecting $2.2 billion for this year.“We are solidifying our financial position,” Culp said in the statement.The …read more […]
Business News
Huawei denies German report it colluded with Chinese intelligence
Huawei, the leading maker of telecoms network equipment, denied a newspaper report on Wednesday which said the German government was in possession of evidence that it had cooperated with Chinese intelligence.
Business News
L Brands CEO in talks to step aside and sell Victoria’s Secret: WSJ
Victoria’s Secret-owner L Brands Chief Executive Officer Leslie Wexner is in talks to step aside from the role and is exploring strategic alternatives for the lingerie brand, the Wall street Journal reported on Wednesday.
Business News
Oil rises as markets wait on virus impact and U.S. stockpiles fall
Oil prices rose for a second day on Wednesday, recouping some losses after a five-day rout, on talk that OPEC could extend oil output cuts if a new coronavirus hurts demand and data showing a decline in U.S. stockpiles.
Trading Ideas
McDonald's Q4 earnings beat expectations on sales boost
McDonald’s reported earnings and revenue that beat Wall Street estimates during its fourth quarter. …read more […]
Business News
McDonald’s quarterly comparable sales rise above Wall Street estimates
McDonald’s Corp on Wednesday reported quarterly comparable sales growth above Wall Street expectations, as the world’s largest burger chain benefited from its revamped stores, new delivery partnerships and higher menu prices.