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Reuters Business
Jul 19, 2019

Oil jumps after U.S. Navy downs Iranian drone
Oil prices rose nearly 2% on Friday as tensions brewed again in the Middle East after a U.S. Navy ship destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows.

Reuters Business
Jul 19, 2019

BMW picks 'decisive' new CEO to catch up with rivals
BMW named Oliver Zipse as its new chief executive late on Thursday, praising his "decisive" qualities after the luxury carmaker lost its edge in electric cars and ceded the premium sales crown to Mercedes under his consensus-seeking predecessor.

Reuters Business
Jul 19, 2019

IEA says does not expect 'huge increase' in crude prices
The International Energy Agency (IEA) doesn't expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its executive director said on Friday.

Reuters Business
Jul 19, 2019

GM's mid-engine Corvettes roar onstage to take on Europeans
General Motors Co unveiled on Thursday its newly designed mid-engine 2020 Corvette in a splashy tribute to its emblematic sports car, even as the No. 1 U.S. automaker faces mounting pressures in a sluggish and uncertain global sales environment.

Reuters Business
Jul 18, 2019

Asia stocks firm as Fed props up rate cut expectations
Asian stocks advanced on Friday after a top Federal Reserve official cemented expectations of a U.S. interest rate cut later this month, fuelling appetite for riskier assets and keeping a cap on the dollar.

Reuters Business
Jul 18, 2019

Oil jumps, Brent up more than 2% after U.S. Navy downs Iranian drone
Oil prices climbed around 2% on Friday after the U.S. Navy destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows, again raising tensions in the Middle East.

Reuters Business
Jul 18, 2019

Exclusive: IEA revising oil demand growth forecast down on slowing economy
The International Energy Agency (IEA) is reducing its 2019 oil demand forecast due to a slowing global economy amid a U.S.-China trade spat, its executive director said on Thursday.

Reuters Business
Jul 18, 2019

China makes biggest U.S. sorghum purchase since April as trade talks resume
China made its biggest purchase of U.S. sorghum since April last week, according to U.S. Department of Agriculture data issued on Thursday, as Washington and Beijing revive discussions to end their trade war.

Reuters Business
Jul 18, 2019

U.S.-China officials discuss trade; Mnuchin eyes possible in-person talks
U.S. and Chinese officials spoke by telephone on Thursday as the world's two largest economies seek to end a year-long trade war, with U.S. Treasury Secretary Steven Mnuchin suggesting in-person talks could follow.

Reuters Business
Jul 18, 2019

Asia stocks gain, dollar sags as Fed reinforces rate cut expectations
Asian stocks gained and the dollar sagged on Friday after a top Federal Reserve official all but cemented expectations of a U.S. interest rate cut later this month.

Reuters Business
Jul 18, 2019

Icahn launches proxy fight after stalled talks with Occidental CEO
Activist investor Carl Icahn on Thursday formally launched a proxy fight against Occidental Petroleum to win control of four board seats, according to a regulatory filing, after talks with the oil company's chief executive failed to reach an agreement.

Reuters Business
Jul 18, 2019

Exclusive: J.C. Penney taps debt restructuring advisers - sources
J.C. Penney Co Inc has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, people familiar with the matter said on Thursday.

Reuters Business
Jul 18, 2019

Exclusive: WeWork to host Wall Street analyst day in IPO push - sources
The We Company, parent of flexible workspace operator WeWork, plans to host an analyst day for Wall Street banks on July 31, as the company steps up its preparations for an initial public offering (IPO), people familiar with the matter said.

Reuters Business
Jul 18, 2019

U.S. airline group says it had a 'productive meeting' with Trump on Qatar
A U.S. airline industry group said it had a "productive" meeting on Thursday with President Donald Trump, who "shares our concerns" about accusations that subsidies by Qatar and the United Arab Emirates are costing jobs in the United States.

Reuters Business
Jul 18, 2019

Microsoft shares hit record highs, powered by growing cloud sales
Microsoft Corp on Thursday beat analysts' estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud business and sending its shares to all-time highs.

Reuters Business
Jul 18, 2019

Trump meets with airline CEOs over Qatar subsidy accusations
U.S. President Donald Trump met on Thursday with the chief executives of major American airlines to discuss their accusations that subsidies by Qatar and United Arab Emirates are costing jobs in the United States.

Reuters Business
Jul 18, 2019

Boeing takes $4.9 billion charge for prolonged grounding of 737 MAX planes
Boeing Co said on Thursday it would take an after-tax charge of $4.9 billion in the second quarter on estimated disruptions from the prolonged grounding of its lucrative 737 MAX passenger planes after two deadly crashes.

Reuters Business
Jul 18, 2019

Microsoft beats estimates, powered by growing cloud profits
Microsoft Corp on Thursday beat analysts' estimates for fourth-quarter revenue and profit, powered by continued sales increases from its cloud business and a boost from businesses upgrading Windows.

Reuters Business
Jul 18, 2019

Trump wants weaker dollar but it could be a hard sell
President Donald Trump wants a cheaper dollar, saying earlier this month the United States should match what he says are efforts by other countries to weaken their own currencies - giving them an unfair trade advantage.

Reuters Business
Jul 18, 2019

Boeing takes $4.9 billion charge related to 737 MAX
Boeing said on Thursday it would take an after-tax charge of $4.9 billion in the second quarter related to estimated disruptions from the grounding of its money-spinning 737 MAX after two deadly crashes.

Reuters Business
Jul 18, 2019

Goldman Sachs' equities-backed earnings results may face pressure
Booming stock markets around the globe helped Goldman Sachs Group Inc offset declines in other businesses last quarter, but those gains may not be sustainable, analysts said.

Reuters Business
Jul 18, 2019

Wall Street rises as Fed's Williams cements rate-cut expectations
U.S. stocks moved higher on Thursday after a slow start as comments from New York Fed President John Williams helped cement expectations for an interest rate cut from the U.S. central bank at the end of the month.

Reuters Business
Jul 18, 2019

Microsoft sales beat expectations as cloud growth slows
Microsoft Corp beat analysts' estimates for fourth-quarter revenue and profit on Thursday, even as sales growth began to slow for its cloud product Azure and Office software.

Reuters Business
Jul 18, 2019

Stocks gain on Fed rate cut optimism; oil drops
A gauge of global stocks advanced on Thursday, erasing declines on a late rally after comments from a U.S. Federal Reserve policymaker heightened expectations for a rate cut, while oil prices dropped on forecasts of rising output.

Reuters Business
Jul 18, 2019

U.S. solar sector launches lobbying push to preserve key subsidy
The U.S. solar industry on Wednesday kicked off a lobbying push aimed at convincing Congress to extend a generous tax credit for solar energy systems that is set to begin phasing out next year.

Reuters Business
Jul 18, 2019

Wall Street rises as Fed's Williams bolsters rate-cut hopes
U.S. stock indexes rose on Thursday after a sluggish start as comments from New York Fed President John Williams further cemented expectations for interest rate cuts from the U.S. central bank.

Reuters Business
Jul 18, 2019

U.S. Justice Department may sue to block Sprint, T-Mobile merger: source
The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp to wrap up a deal by the end of next week to sell assets that are to be divested as a condition of their proposed merger or face a lawsuit aimed at stopping the transaction, a source familiar with the deal said on Thursday.

Reuters Business
Jul 18, 2019

BMW picks Oliver Zipse as new CEO
BMW said Oliver Zipse will become chief executive on Aug. 16, picking the 55-year-old manufacturing expert to help the German automaker make the shift to electric and self-driving cars and tackle new competition from technology giants.

Reuters Business
Jul 18, 2019

Oil falls about 2.5% as U.S. Gulf production returns
Oil fell about 2.5% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week's hurricane in the region.

Reuters Business
Jul 18, 2019

U.S. tells T-Mobile, Sprint to wrap up divestiture deal: source
The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp to wrap up a deal by the end of next week to sell assets that need to be divested or face a lawsuit aimed at stopping their proposed merger, a source familiar with the deal said on Thursday.

Reuters Business
Jul 18, 2019

BMW promotes Oliver Zipse to CEO
German luxury carmaker BMW on Thursday named 55-year-old Oliver Zipse as its new chief executive, continuing a tradition of promoting a manufacturing expert to the top job.

Reuters Business
Jul 18, 2019

Union Pacific cost cuts sheltered profit amid freight slowdown
Union Pacific Corp on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised rates to overcome disruptions from record floods in the Midwest and ongoing U.S.-China trade tensions.

Reuters Business
Jul 18, 2019

Trade, earnings caution weigh on stocks; oil drops
A gauge of global stocks lost ground for a third straight session on Thursday on worries over how the trade war between the United States and China could take a toll on corporate earnings, while oil prices dropped on expectations of rising output.

Reuters Business
Jul 18, 2019

Trump to meet with airline CEOs on Qatar flights
U.S. President Donald Trump planned to meet on Thursday with the chief executives of major American airlines and Qatar Airways to discuss their accusations that subsidies by Qatar and United Arab Emirates are costing jobs in the United States.

Reuters Business
Jul 18, 2019

Trump to meet airline executives to discuss 'competition and transparency'
U.S. President Donald Trump will meet with top executives from a handful of airlines on Thursday to discuss "competition and transparency," a White House official said.

Reuters Business
Jul 18, 2019

Transport app FlixMobility gets Germany's biggest tech funding round to drive growth
Transport app FlixMobility has raised around 500 million euros ($561 million) in Germany's biggest tech funding round to date to back investments in its expansion, sources familiar with the matter said on Thursday.

Reuters Business
Jul 18, 2019

Wall Street falls as Netflix adds to earnings jitters
Wall Street's main indexes were set for their third day of losses on Thursday, as Netflix reported a surprise fall in U.S. subscribers in a downbeat start to results from high-growth companies.

Reuters Business
Jul 18, 2019

Oil falls nearly 3% as U.S. Gulf production returns
Oil fell nearly 3% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week's hurricane in the region.

Reuters Business
Jul 18, 2019

Blackstone reports better-than-expected Q2 distributable earnings
Blackstone Group Inc , the world's largest manager of alternative assets such as private equity and real estate, said on Thursday its distributable earnings in the second quarter rose 1% year-on-year, more than most analysts expected.

Reuters Business
Jul 18, 2019

Netflix sinks on subscriber losses, analysts still see growth
Wall Street brokerages stuck to a positive outlook on Netflix Inc on Thursday, betting that a strong content slate for the rest of 2019 would reverse shock losses in U.S. subscribers in the second quarter that sank its stock price.

Reuters Business
Jul 18, 2019

Global stocks fall on trade, earnings caution; oil drops
A gauge of global shares declined for a third straight session on Thursday on worries over how the trade war between the United States and China could dent corporate earnings, while oil prices dropped on expectations of rising output.

Reuters Business
Jul 18, 2019

Southwest schedules without Boeing 737 MAX until Nov. 2, freezes pilot hiring
Southwest Airlines Co joined U.S. rivals on Thursday in cancelling more flights until early November due to the continued grounding of Boeing Co's 737 MAX, which has also prompted the low-cost carrier to freeze new pilot hiring.

Reuters Business
Jul 18, 2019

Morgan Stanley reports drop in profit, but wealth management gains
Morgan Stanley reported a drop in quarterly profit Thursday, hit by lower market activity amid global trade tensions and expectations for U.S. interest rate cuts.

Reuters Business
Jul 18, 2019

Wall St. slightly lower after mixed results; Netflix tumbles
Wall Street's main indexes edged lower on Thursday as investors digested a slew of mixed earnings, while Netflix reported a surprise fall in U.S. subscribers in a downbeat start to results from high-growth companies.

Reuters Business
Jul 18, 2019

Union Pacific quarterly profit beats estimates on price gains
Union Pacific Corp on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised prices to overcome the effects of severe flooding in the Midwest and ongoing U.S.-China trade tensions.

Reuters Business
Jul 18, 2019

UnitedHealth boosts earnings forecast, set to pass price discounts to patients
UnitedHealth Group Inc will stick with its decision to pass on drug maker discounts to patients to help them beat rising medicine prices despite the U.S. government having withdrawn a similar proposed policy in its health programs, its top executive said on Thursday.

Reuters Business
Jul 18, 2019

Blackstone reports better-than-expected second-quarter distributable earnings
Blackstone Group Inc , the world's largest manager of alternative assets such as private equity and real estate, said on Thursday its distributable earnings in the second quarter rose 1% year-on-year, more than most analysts expected.

Reuters Business
Jul 18, 2019

Oil falls as U.S. Gulf oil platforms return to service
Oil fell more than 1.5% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week's hurricane in the region.

Reuters Business
Jul 18, 2019

Justice Department may sue to block Sprint, T-Mobile merger: CNBC
The U.S. Justice Department would sue to block the merger of T-Mobile US Inc and Sprint Corp if the parties do not settle next week, CNBC reported on Thursday, citing sources.

Reuters Business
Jul 18, 2019

Evercore set to lose out as Aramco reshuffles IPO roles: sources
Boutique investment bank Evercore Partners has lost the chance to retain a prime position as an independent advisor for Saudi Aramco's potential $100 billion share sale, as the oil giant revives its postponed listing, three sources said.

Reuters Business
Jul 18, 2019

Wall St. dips as trade worries weigh; Netflix tumbles
U.S. stock indexes edged lower on Thursday as investors awaited more developments around trade, while Netflix posted a surprise drop in U.S. subscribers, kicking off earnings for the FAANG group of stocks on a sour note.

Reuters Business
Jul 18, 2019

Wall Street opens lower as Netflix plunges
U.S. stocks opened lower on Thursday as shares of streaming pioneer Netflix tumbled, kicking off earnings for the FAANG group of stocks on a sour note.

Reuters Business
Jul 18, 2019

Airbus closes in on Air France jetliner deal: sources
Airbus is close to a deal worth billions of dollars to sell dozens of A320neo-family and smaller A220 aircraft to Air France as the French network carries out a keenly awaited renewal of its medium-haul fleet, industry sources said.

Reuters Business
Jul 18, 2019

Oil steadies, shrugging off Iran's seizure of tanker in Gulf
Oil initially rose more than 1% on Thursday after Iran said it had seized a foreign tanker in the Gulf, but prices gradually lost their gains as it emerged that the vessel had only a small cargo and was detained on Sunday for fuel smuggling.

Reuters Business
Jul 18, 2019

Morgan Stanley profit beats on wealth management gains, lower expenses
Morgan Stanley reported a drop in quarterly profit but beat analysts' expectations on gains in its wealth-management business and lower expenses.

Reuters Business
Jul 18, 2019

Southwest removes Boeing 737 MAX from schedule until November 2, freezes pilot hiring
Southwest Airlines Co joined U.S. rivals on Thursday in cancelling more flights until early November due to the continued grounding of Boeing Co's 737 MAX, which has also prompted the low-cost carrier to freeze new pilot hiring.

Reuters Business
Jul 18, 2019

Oil rises after Iran says it seized foreign tanker in Gulf
Oil prices rose on Thursday after Iran said it had seized a foreign oil tanker in the Gulf amid rising tensions between Tehran and the West over the safety of shipping in the Strait of Hormuz, a vital gateway for energy exports.

Reuters Business
Jul 18, 2019

Southwest joins U.S. rivals in removing Boeing 737 MAX till early November
Southwest Airlines Co said on Thursday it was removing Boeing Co's 737 MAX jets from its flight schedule till early November, joining recent moves by rival U.S. carriers as the jet remains grounded worldwide.

Reuters Business
Jul 18, 2019

Netflix shares sink 11%, analysts still see growth
Wall Street brokerages stuck to a positive outlook on Netflix Inc on Thursday, betting that a strong content slate for the rest of 2019 would reverse shock losses in U.S. subscribers in the second quarter that sank its stock price.

Reuters Business
Jul 18, 2019

Morgan Stanley profit beats on wealth management focus
Morgan Stanley reported a drop in quarterly profit but beat analysts' expectations on slim gains in its wealth management business and lower expenses.

Reuters Business
Jul 18, 2019

Futures edge lower as Netflix tumbles
U.S. stock futures slipped on Thursday after streaming pioneer Netflix posted its first drop in U.S. subscribers since 2011, kicking off earnings for the so-called FANG group on a sour note.

Reuters Business
Jul 18, 2019

EU clears Vodafone's $22 billion Liberty deal
Brussels gave its blessing to Vodafone's $22 billion purchase of Liberty Global's cable networks in Germany and central Europe, clearing the way for the British company to become Europe's largest mobile, broadband and TV provider.

Reuters Business
Jul 18, 2019

Global stocks slip as U.S.-China trade war drags on corporate earnings
Global shares slipped on Thursday on growing signs that a trade dispute between the United States and China was taking a toll on corporate earnings, with nerves spreading from Wall Street through Asia to European markets.

Reuters Business
Jul 18, 2019

Morgan Stanley quarterly profit falls 10%
Morgan Stanley reported a 10% fall in quarterly profit on Thursday as low market volatility crimped trading and advisory revenue.

Reuters Business
Jul 18, 2019

ASOS warns on profit again after botching warehouse revamps
British online fashion retailer ASOS warned on profits for the third time since December, saying problems ramping up warehouses in the United States and Germany had restricted product availability, hitting sales and raising costs.

Reuters Business
Jul 18, 2019

Oil rises 1% after Iran says it seized foreign tanker in Gulf
Oil prices rose about 1% on Thursday after Iran said it had seized a foreign oil tanker in the Gulf amid rising tensions between Tehran and the West over the safety of shipping in the Strait of Hormuz, a vital gateway for energy exports.

Reuters Business
Jul 18, 2019

Goldman Sachs' equities-backed earnings results may pressure
Booming stock markets around the globe helped Goldman Sachs Group Inc offset declines in other businesses last quarter, but those gains may not be sustainable, analysts said.

Reuters Business
Jul 18, 2019

GM's mid-engine Corvette gears up to take on Europeans
General Motors Co was set on Thursday to unveil its newly designed mid-engine 2020 Corvette in a splashy tribute to its emblematic sports car, even as the No. 1 U.S. automaker faces mounting pressures in a sluggish and uncertain global sales environment.

Reuters Business
Jul 18, 2019

Honeywell beats quarterly profit estimates, raises 2019 forecast
Honeywell International Inc on Thursday reported a better-than-expected quarterly earnings and raised its full-year sales and profit forecasts, riding on higher demand for aircraft parts and spares, sending its shares up 1%.

Reuters Business
Jul 18, 2019

Samsung asks partners to stockpile Japanese components: source
South Korea's Samsung Electronics has sent letters to local partners urging them to stockpile more Japanese components in case Tokyo expands its export restrictions, a source with knowledge of the matter said on Thursday.

Reuters Business
Jul 18, 2019

Renault's Senard expects Nissan's new board to embrace alliance
Renault is confident that alliance partner Nissan's new board will work to reinforce their partnership as it struggles to turn the page on the Carlos Ghosn scandal, Renault Chairman Jean-Dominique Senard said on Thursday.

Reuters Business
Jul 18, 2019

Verizon resurrects media business as safe haven on the internet
Banning pornography from Tumblr was not necessarily meant to define Verizon Media's strategy to turn around a collection of Internet has-beens. But that is how it has played out.

Reuters Business
Jul 18, 2019

BMW to pick new CEO, Zipse emerges as favorite
BMW is set to name Oliver Zipse as its new chief executive, picking the manufacturing expert to help the German automaker make the shift to electric and self-driving cars and tackle new competition from technology giants.

Reuters Business
Jul 18, 2019

Trump's tariffs trip up the all-American RV industry
Carrie Gray points to a stack of unwelcome mail on a conference table at the offices of Renegade RV, one of the leading U.S. manufacturers of high-end recreational vehicles. She's buried in bad news from most of her about 350 suppliers.

Reuters Business
Jul 18, 2019

Novartis raises full-year targets, aims to settle U.S. lawsuit
Novartis boss Vas Narasimhan raised full-year targets on Thursday and announced that $700 million has been set aside in the hope of settling a decade-old lawsuit alleging that the Swiss drugmaker bribed U.S. doctors.

Reuters Business
Jul 18, 2019

EU Commission fines Qualcomm for second time over market abuse
Qualcomm , the world's no.1 chipmaker, was fined 242 million euros ($272 million) on Thursday for blocking a rival from the market about a decade ago, its second EU antitrust penalty.

Reuters Business
Jul 18, 2019

EBay beats second-quarter revenue estimates
(This July 17 story corrects paragraph 2 to say second-quarter revenue was up, not down)

Reuters Business
Jul 18, 2019

Korean Air to buy 20 Boeing 787s, lease 10 more
(This June 19 story corrects to fix types of aircraft being purchased and leased in paragraph 2)

Reuters Business
Jul 18, 2019

Oil edges lower after rise in U.S. gasoline stocks
Oil edged lower Wednesday unable to shake off the downbeat mood of the last two days in response to a sharp rise in U.S. stockpiles of products like gasoline, pointing to weak demand during the summer driving season in the United States.

Reuters Business
Jul 18, 2019

Vodafone wins EU approval for Liberty Global deal
Vodafone secured on Thursday antitrust approval from the European Union for its $22 billion bid to buy Liberty Global's cable networks in Germany and central Europe after offering concessions in May.

Reuters Business
Jul 18, 2019

Exclusive: Ping An-backed Lufax to ditch P2P lending on regulatory woes - sources
Lufax, one of China's largest online wealth management platforms that is backed by financial giant Ping An Insurance , plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters.

Reuters Business
Jul 18, 2019

Global stocks slide as U.S.-China trade war takes toll on earnings
Global shares slipped on Thursday on growing signs that a trade dispute between the United States and China was taking a toll on corporate earnings, with nerves spreading from Wall Street through Asia to European markets.

Reuters Business
Jul 18, 2019

Japan-South Korea gloom spurs worries of 'never seen before' chip price spike
Memory chip spot prices have risen for the first time this year, indicating grim warnings of "never seen before" spikes and a supply disruption could come to pass as a dispute between South Korea and Japan drags on.

Reuters Business
Jul 18, 2019

ASOS warns on profit again, blames overseas warehouse problems
British online fashion retailer ASOS dented profit expectations for the third time in eight months on Thursday, saying problems in ramping up warehouses in the United States and Germany had hit sales and increased costs.

Reuters Business
Jul 18, 2019

Anglo American's second-quarter output rises 2%, on track to hit 2019 targets
Anglo American on Thursday posted a 2% rise in second quarter output and reaffirmed full-year production targets, boosted by a restart of operations at its Brazilian iron ore mine and higher volumes of coking coal.

Reuters Business
Jul 18, 2019

Truckmaker Volvo lifts market view, picks Samsung for batteries
Sweden's AB Volvo raised its market forecasts for North America and Europe on Thursday, as higher trucks and construction equipment deliveries helped it to top profit estimates.

Reuters Business
Jul 18, 2019

Britain's easyJet reassures on outlook, hires Ryanair operations chief
Britain's easyJet on Thursday reported third quarter trading in line with expectations, boosted by more customers taking optional extra services and enabling it to reiterate its full-year profit forecasts.

Reuters Business
Jul 18, 2019

Exclusive: Ping An-backed Lufax to ditch P2P lending amid regulatory woes - sources
Lufax, one of China's largest online wealth management platforms that is backed by financial giant Ping An Insurance , plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters.

Reuters Business
Jul 18, 2019

Volvo Cars to cut costs as trade war dents profits
Volvo on Thursday announced plans to cut fixed costs by 2 billion Swedish crowns ($214 million), becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability.

Reuters Business
Jul 18, 2019

Britain's ASOS blames overseas warehouse issues for latest profit alert
British online fashion retailer ASOS warned on profit for the third time in eight months on Thursday, saying it had struggled to overhaul warehouses in the United States and Europe to meet demand.

Reuters Business
Jul 18, 2019

Crude futures mixed; WTI extends losses after U.S. oil products stocks gain
Oil prices were mixed on Thursday with U.S. crude extending losses after falling in the previous session after data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season.

Reuters Business
Jul 18, 2019

Stocks wobble on trade, earnings anxiety; U.S. Treasury yields fall
Asian share markets faltered on Thursday as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate earnings, which helped underpin solid demand for safe-haven U.S. Treasuries.

Reuters Business
Jul 18, 2019

Anglo American's second-quarter output rises 2%, Minas Rio ramps up
Anglo American on Thursday said the ramp-up of iron ore at Minas Rio in Brazil and higher volumes of coking coal had offset reduced diamond production, raising second-quarter output by 2% and keeping the company on track to meet its 2019 targets.

Reuters Business
Jul 18, 2019

Danske Bank profit hit by higher costs, low interest rates
Danske Bank's second-quarter pre-tax profit came in below expectations on Thursday, hit by low interest rates and higher costs associated with compliance following a money-laundering scandal at its Estonian branch.

Reuters Business
Jul 18, 2019

Britain's easyJet hires Ryanair's operations chief
Britain's easyJet on Thursday reported third quarter trading in line with expectations, boosted by more customers taking services like allocated seating, enabling it to reiterate its full-year profit forecasts.

Reuters Business
Jul 18, 2019

Novartis CEO sets aside $700 million to settle doctor bribery lawsuit
Novartis Chief Executive Vas Narasimhan set aside $700 million to settle a U.S. doctor bribery lawsuit, as the Swiss drugmaker seeks to close the chapter on allegedly aggressive business practices that exposed it to litigation risks.

Reuters Business
Jul 18, 2019

Volvo hikes FY growth outlook; picks Samsung for batteries
AB Volvo on Thursday hiked its growth outlook for North America and Europe, as upbeat deliveries for trucks and construction equipment as well as continued easing of supply-chain bottlenecks helped the Swedish truckmaker top estimates.

Reuters Business
Jul 18, 2019

Netflix to roll out cheaper mobile-only plan for India
Netflix Inc said on Wednesday it would roll out a lower-priced mobile-only plan in India within the next three months to tap into a price-sensitive market at a time the streaming company is losing customers in its home turf.

Reuters Business
Jul 18, 2019

Truckmaker Volvo beats expectations, picks Samsung for batteries
Sweden's AB Volvo inched up its market growth outlook for North America and Europe, as strong deliveries for its trucks and construction equipment as well as continued easing of supply chain bottlenecks helped it beat quarterly profit expectations.

Reuters Business
Jul 18, 2019

Novartis raises 2019 guidance, helped by Sandoz generics unit
Novartis lifted full-year sales and profit targets on Thursday, helped by innovative medicine sales and as the Swiss drugmaker's Sandoz generics unit saw rising international demand for its biosimilar copies of blockbuster drugs made by rivals.

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