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Updated: 2 min 24 sec ago

EA cuts revenue outlook after 'Battlefield' disappoints, shares dive

Tue, 02/05/2019 - 23:15
Videogame maker Electronic Arts cut its yearly revenue outlook on Tuesday after its newest "Battlefield" title sold about a million fewer units than expected, amid rising competition in an industry being reshaped by upstarts like "Fortnite" and "PUBG."
Categories: Financial Media

Judge pauses lawsuits against cryptocurrency company Quadriga

Tue, 02/05/2019 - 22:44
A cryptocurrency platform that lost access to millions of dollars when its founder died with sole knowledge of company passwords has been granted a temporary reprieve from creditor lawsuits.
Categories: Financial Media

Uniper makes fresh start with top owner Fortum, raising M&A hopes

Tue, 02/05/2019 - 22:42
Uniper on Tuesday said it would start fresh talks with its biggest shareholder, Finland's Fortum, about future cooperation, renewing investor hopes that there could be a full takeover of the German energy group.
Categories: Financial Media

Snap user number beats Wall Street estimate, shares soar

Tue, 02/05/2019 - 22:38
Snap Inc said the number of people using its Snapchat app would remain at current levels this quarter, easing worries the company would continue to lose users to rival Facebook Inc's Instagram and sending its shares up more than 20 percent.
Categories: Financial Media

1970s-era musicians sue Sony, UMG to reclaim song rights

Tue, 02/05/2019 - 21:42
David Johansen, John Waite and other prominent 1970s musicians filed lawsuits on Tuesday accusing Sony Music Entertainment Inc and UMG Recordings Inc of improperly refusing to let them reclaim rights to songs they had long ago signed away.
Categories: Financial Media

Earnings send Wall St higher as investors eye State of the Union speech

Tue, 02/05/2019 - 21:35
U.S. stocks rose on Tuesday as largely upbeat corporate results fueled investor optimism ahead of the highly awaited State of the Union address by President Donald Trump.
Categories: Financial Media

World shares hit two-month high, dollar firms as Trump speech nears

Tue, 02/05/2019 - 21:26
World stocks rose to a fresh two-month high on Tuesday to keep up their fast start to 2019 while the U.S. dollar strengthened for a fourth straight session as investors looked toward an annual address by the U.S. president later in the evening.
Categories: Financial Media

Merck CEO Frazier to testify at Senate drug pricing hearing

Tue, 02/05/2019 - 21:10
U.S. drugmaker Merck & Co Inc said on Tuesday that its Chief Executive Ken Frazier plans to testify at a Senate hearing later this month examining rising prescription drug prices.
Categories: Financial Media

Earnings send Wall Street higher ahead of Trump State of the Union speech

Tue, 02/05/2019 - 20:18
U.S. stocks rose on Tuesday as largely upbeat corporate results fueled investor optimism ahead of the highly awaited State of the Union address by President Donald Trump.
Categories: Financial Media

Chevron CEO Wirth set to earn $19 million in annual pay

Tue, 02/05/2019 - 19:53
(This February 4 story corrects headline and paragraphs 1, 4 to show Wirth is eligible to earn $19 million, not "more than $28 million".)
Categories: Financial Media

Uniper CEO, CFO to step down at end of August

Tue, 02/05/2019 - 19:50
The chief executive and finance chief of energy group Uniper, which has been in a tussle with major shareholder Fortum, will step down at the end of August, the company said on Tuesday.
Categories: Financial Media

Fiat Chrysler recalls 882,000 pickup trucks for steering, pedal issues

Tue, 02/05/2019 - 19:31
Fiat Chrysler Automobiles NV said on Tuesday it would recall 882,000 pickup trucks worldwide in two new recalls to address steering and pedal issues.
Categories: Financial Media

U.S. jury orders Takeda to pay Bayer $155 million over hemophilia drug

Tue, 02/05/2019 - 19:24
A U.S. jury has ordered Takeda Pharmaceutical Co's Baxalta unit to pay Bayer AG $155.19 million for infringing a patent related to a Baxalta hemophilia treatment, court records made public on Tuesday show.
Categories: Financial Media

Global shares climb to two-month high, dollar rises ahead of Trump speech

Tue, 02/05/2019 - 19:06
World stocks raced to a fresh two-month high on Tuesday to keep up their fast start to 2019 while the U.S. dollar strengthened for a fourth straight session as investors looked toward an annual address by the U.S. president later in the day.
Categories: Financial Media

Small-cap stocks shrug off debt concerns, for the moment

Tue, 02/05/2019 - 19:02
Small-cap stocks were among the biggest losers during the stock market's rout late last year as investors worried about high leverage, but they have outperformed in 2019's rebounding market, with shares of debt-laden companies leading the charge.
Categories: Financial Media

Merck CEO Frazier plans to testify at Senate drug pricing hearing

Tue, 02/05/2019 - 18:43
U.S. drugmaker Merck & Co Inc said on Tuesday that its Chief Executive Ken Frazier plans to testify at a Senate hearing later this month examining rising prescription drug prices.
Categories: Financial Media

U.S. corporate enthusiasm for France cools, survey shows

Tue, 02/05/2019 - 18:25
A dimming economic outlook and massive street protests against President Emmanuel Macron have made France less attractive for U.S. companies with investments in the country, a survey showed.
Categories: Financial Media

ADM fourth-quarter profit misses as U.S.-China trade war stings, shares drop

Tue, 02/05/2019 - 18:12
U.S. grains trader Archer Daniels Midland Co on Tuesday reported lower-than-expected fourth-quarter 2018 earnings as the U.S.-China trade war roiled global agriculture, sending its shares down more than 6 percent.
Categories: Financial Media

Canadian canola runs into Chinese delays after Huawei arrest

Tue, 02/05/2019 - 18:04
A political dispute between China and Canada over the arrest of a Huawei executive is slowing canola shipments through Chinese ports and causing some importers to hesitate to buy from their biggest supplier, according to interviews with a dozen traders.
Categories: Financial Media

HSBC cuts dozens of investment banking jobs: source

Tue, 02/05/2019 - 17:26
HSBC is preparing to lay off dozens of staff in its global banking and markets business, a source with direct knowledge of the matter told Reuters on Tuesday.
Categories: Financial Media

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