Month: February 2020

Total revenue, excluding transaction-based expenses, fell nearly 1% to $1.30 billion, in line with analysts’ expectations, as weak transaction and clearing business offset a rise in revenue at its data services unit. NYSE-owner ICE has been focusing more on more stable business like data services, moving away from market-dependent services, in a bid to minimize the impact of volatility swings. Revenue from the transaction and clearing unit fell 3.2% to $626 million in the quarter. …read more […]

Headlines moving the stock market in real time. …read more […]

Fiat Chrysler posted a 7% rise in fourth-quarter profit on Thursday, boosted by strong business in North America and better results in Latin America as it heads into a merger with France’s PSA . The Italian-American carmaker said adjusted earnings before interest and tax (EBIT) rose to 2.12 billion euros ($2.3 billion), in line with a 2.11 billion forecast in Reuters poll of analysts. A trader said Fiat Chrysler (FCA) results were “a touch above” expectations and the carmaker’s shares in Milan were up 3.4% at 1300 GMT following the results. …read more […]

(Bloomberg) — Beijing voiced anger as countries placed more restrictions on travelers from China to contain the coronavirus outbreak that has now claimed 565 lives. Technical experts from the OPEC+ group of oil producers recommended cutting output to offset the demand impact from the outbreak.China’s top LNG buyer declared force majeure on contracts and Tesla temporarily closed its stores in the nation. Equities rose on China’s plans to cut tariffs on U.S. imports and optimism the global economy can withstand the impact of the virus.Bloomberg is tracking the outbreak on the terminal and online.Key DevelopmentsChina death toll at 563; mainland …read more […]

Bristol-Myers Squibb Co said on Thursday its operating profit rose by around a third from a year ago because fourth-quarter results included some revenue from Celgene, which the U.S. drugmaker bought in a $74 billion deal that closed in late November. Bristol-Myers said on an operating basis it earned $1.22 a share on $7.95 billion of revenue in the quarter. The results included Celgene revenue beginning Nov. 20. …read more […]

Pilots of an Emirates passenger jet that crashed in 2016 while attempting to abort a landing in Dubai failed to notice that the Boeing 777’s engine thrust settings remained too low and cut short a procedure, investigators said on Thursday. All 300 passengers and crew were safely evacuated but a firefighter died tackling flames after the Boeing 777-300, arriving from India, caught fire after skidding along the Dubai airport runway on its fuselage in August 2016. The Federal Aviation Authority said pilots of flight EK521 tried to abort the landing after the plane’s main wheels had already touched …read more […]