GO
Loading...

Enter multiple symbols separated by commas

Latest Business News Wires - Business Headlines

More

  • BOSTON/ NEW YORK, Jan 27- A blizzard swept across the northeastern United States, dropping more than a foot of snow but falling short of more dire predictions that sent workers and students home, halted thousands of flights and prompted New York officials to ban cars from roads and shut down subway trains. As day broke on Tuesday, the leaders of New York City, New York...

  • Bristol-Myers quarterly profit beats forecasts Tuesday, 27 Jan 2015 | 7:56 AM ET

    Jan 27- Bristol-Myers Squibb Co reported higher-than-expected quarterly earnings, helped by surprisingly strong sales of its hepatitis C drugs and its Eliquis blood clot preventer. The U.S. drugmaker on Tuesday said it earned $13 million, or 1 cent per share, in the fourth quarter. Revenue fell 4 percent to $4.26 billion, coming in above Wall Street expectations...

  • MOSCOW, Jan 27- Russia's Finance Ministry said on Tuesday it would auction 5 billion roubles' worth of OFZ treasury bonds on Wednesday. The ministry said in a statement that it was auctioning bonds from a new series, with a maturity date in December 2017. The ministry has been forced to cancel most of its bond auctions in recent months due to unfavourable market...

  • Jan 27- Pfizer Inc reported stronger-than-expected quarterly sales due to cost cuts and demand for its vaccines and cancer drugs, but the company forecast 2015 earnings below Wall Street expectations, citing patent expirations and the stronger dollar. Excluding special items, Pfizer earned 54 cents per share. Pfizer forecast 2015 earnings of $2.00 to $2.10...

  • BUZZ-PROCTER GAMBLE CO: Q2 PROFIT, SALES MISS ESTIMATES@** World's largest household products maker's shares. down 2.7 pct at $87.20 in premarket trading. **Says the stronger dollar reduced Q2 core profit by about 16 cents per share or 14 pct.

  • 3M profit rises 7 pct, reaffirms 2015 targets Tuesday, 27 Jan 2015 | 7:50 AM ET

    Jan 27- 3 M Co, the maker of Scotch tape and Post-it notes, reported a 7 percent increase in fourth-quarter profit as sales rose across its businesses and the company reaffirmed financial targets for 2015.. The company said net income attributable to 3 M rose to $1.18 billion, or $1.81 per share, in the fourth quarter ended Dec. 31, from $1.10 billion, or $1.62 per share, a...

  • NEW YORK, Jan 27- Wall Street geared up for a regular securities trading session on Tuesday as a snow storm that effectively shut down New York City was downgraded from a blizzard to a winter storm in the immediate metro area. The New York Stock Exchange, a unit of Intercontinental Exchange Inc. and one of the main cogs of the U.S. financial markets complex, expected...

  • Higher F-35 jet demand boosts Lockheed Martin revenue Tuesday, 27 Jan 2015 | 7:44 AM ET

    Jan 27- Lockheed Martin Corp, the Pentagon's largest arms supplier, reported an 8.6 percent rise in quarterly revenue, helped by higher demand of its F-35 fighter jets. Revenue increased to $12.53 billion in the fourth quarter ended Dec. 31 from $11.53 billion a year earlier. Revenue at the company's aeronautics division increased 6 percent to $4.14 billion.

  • *Pfizer's outlook disappoints, stock slips. *Microsoft shares tumble a day after results. NEW YORK, Jan 27- U.S. stock index futures fell on Tuesday, weighed by company earnings results including those of Microsoft, while concerns lingered over Greece's new anti-bailout government and its implications for the euro zone.

  • CHICAGO, Jan 26- Construction and mining equipment maker Caterpillar Inc on Tuesday reported a lower net profit that came in below market expectations, due primarily to the recent drop in the price of oil and lower prices for copper, coal and iron ore. The Peoria, Illinois- based company reported a fourth-quarter net profit of $757 million, down nearly 25 percent...

  • *France now the biggest source of new migrants to Israel. JERUSALEM, Jan 27- At a busy supermarket in Jerusalem a smartly dressed woman, recently arrived in Israel, was stopping shoppers to ask if anyone spoke French. With anti-Semitism rising in France, and their worries stoked by this month's killing of four Jews in a kosher supermarket in Paris, French Jews now...

  • LONDON, Jan 27- Around two million Britons who may have been mis-sold insurance to cover events such as credit card fraud will be asked to vote for a scheme that could cost top high street banks hundreds of millions of pounds in compensation. The Financial Conduct Authority said on Tuesday 11 lenders and card issuers had voluntarily agreed to compensate...

  • RUSSIA FINMIN SAYS TO AUCTION 5 BLN ROUBLES OF OFZ TREASURY BONDS, WITH MATURITY DATE IN DEC 2017.

  • RUSSIAN FINANCE MINISTRY SAYS TO HOLD WEEKLY TREASURY BOND AUCTION ON WEDS.

  • Jan 27- American Airlines Group Inc said on Tuesday that its profit was $597 million last quarter, topping analysts' estimates, and announced a new share buyback program and dividend. The Fort Worth- based carrier earned $1.1 billion, or $1.52 per diluted share, excluding $507 million in special costs largely from merger and bankruptcy-related expenses.

  • Jan 27- Corning Inc, the supplier of Gorilla glass to Apple Inc and Samsung Electronics Co Ltd, reported a 22.9 percent rise in quarterly sales, helped by higher demand for glass used in TVs and smartphones. Corning said net sales increased to $2.40 billion in the fourth quarter from $1.96 billion a year earlier. The company's net income rose to $988 million, or 70...

  • WASHINGTON, Jan 27- The top U.S. trade official urged Congress to back the administration's trade agenda on Tuesday and said an ambitious Pacific trade pact is nearing completion. Trade Representative Michael Froman said the administration was looking to lawmakers to pass bipartisan legislation allowing a streamlined approval process for trade deals,...

  • Jan 27- Pfizer Inc reported stronger-than-expected quarterly results as sales of vaccines and cancer drugs increased, but the company forecast 2015 earnings below Wall Street expectations, citing patent expirations and the stronger dollar. The largest U.S. drugmaker said on Tuesday that it earned $1.23 billion, or 19 cents per share, in the fourth quarter.

  • P&G's quarterly profit falls 31 pct Tuesday, 27 Jan 2015 | 7:19 AM ET

    Jan 27- Procter& Gamble Co, the world's largest household products maker, reported an about 31 percent fall in quarterly profit, hurt by a stronger dollar. Net profit attributable to the company fell to $2.37 billion, or 82 cents per share, in the second quarter ended Dec. 31, from $3.43 billion, or $1.18 per share, a year earlier. P&G derives roughly two-thirds of its...

  • BEIJING, Jan 27- Multinational law firm Dentons and China's biggest legal practice Dacheng Law Offices said on Tuesday they had signed off on their merger, a move that will create the world's biggest law firm. The structure is necessary because China forbids foreign law firms and lawyers from practising law, and instead relegates them to advisory roles.