Ross played down the prospect of an agreement being reached at the G-20 meeting in Osaka on June 28-29.Paris Airshowread more
Boeing is scrambling to restore confidence in the 737 Max from regulators, customers and the flying public.Paris Airshowread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Huawei CEO and founder Ren Zhengfei said that the Chinese tech company will report revenues of around $100 billion in 2019 and 2020, which would be flat growth versus 2018.Technologyread more
Bitcoin leapt across the $9,000 mark on Sunday, boosted by reports that Facebook is soon set to launch its own cryptocurrency.Cryptocurrencyread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
African swine fever, which has already ravaged pig herds in China and pushed up food prices there, could also drive up inflation in the other emerging markets, according to...Asia Economyread more
Consumer goods giant Unilever has taken the unusual step of having some of its marketing staff read their own DNA profiles to see whether finding out about their heritage has...Marketing.Media.Moneyread more
Check out the companies making headlines before the bell:
Walgreens Boots Alliance – Walgreens – the newest Dow component – reported adjusted quarterly profit of $1.53 per share, 5 cents a share above estimates. Revenue beat estimates, as well, and the drugstore operator also authorized a $10 billion share repurchase program and raised its quarterly dividend by 4 cents a share to 44 cents per share.
Accenture – The consulting firm beat estimates by 7 cents a share, with adjusted quarterly profit of $1.79 per share. Revenue also beat forecasts. Accenture’s revenue rose nearly 16 percent as it benefited from investments in cloud-based services.
McCormick – The spice maker earned an adjusted $1.02 per share for its latest quarter, 9 cents a share above estimates. Revenue was slightly above forecasts, and the company said it had plans to achieve at least $105 million in cost savings.
Salesforce.com – BMO is rating the business software company’s stock as its “top pick,” saying it had growing confidence in the durability of Salesforce’s revenue growth.
Sempra Energy – Sempra is selling its U.S.-based wind and solar assets, according to a Securities and Exchange Commision filing, and expects to take an impairment charge of $870 million to $925 million as a result. Some natural gas assets are also being sold.
Bed Bath & Beyond – The company reported adjusted quarterly profit of 33 cents per share, two cents above estimates, with the home goods retailer’s revenue essentially in line with forecasts. However, the company reported a 0.6 percent drop in same-store sales, compared to expectations of a small increase, as competition in home furnishings intensifies.
General Electric– GE’s long term care insurance unit is reportedly drawing potential buyout interest from Athene Holding, the insurance business of private-equity firm Apollo Global Management. The Financial Times reports talks with Athene are at an early stage and no deal is imminent.
Apple – Apple and Samsung settled a seven-year old iPhone patent dispute, ending a long legal battle. Terms of the settlement were not disclosed. Separately, Apple is considering a “streaming bundle” that would combine music, TV, and magazine articles into a single subscription, according to The Information.
Chipotle Mexican Grill – Chipotle told an investor call that it was planning to close up to 65 underperforming restaurants, and that it will introduce a delivery function to its mobile app this summer.
BJ’s Wholesale – BJ’s will begin trading on the New York Stock Exchange today, after pricing its initial public offering at $17 a share. The price was at the upper end of the indicated $15 a share to $17 a share range, and values the warehouse retailer at $2.15 billion.
IBM – Nomura/Instinet initiated coverage of IBM with a “buy” rating and a $150 price target, saying IBM had built a foundation for modest but sustained revenue growth.
Shire — A group of Takeda Pharmaceutical shareholders was unsuccessful in passing a proposal to block the proposed acquisition of the British drugmaker. The proposal would have required advance shareholder approval for large acquisitions.
Amazon.com – Amazon will offer incentives to entrepreneurs to set up their own small package delivery businesses. Amazon showed off Prime-branded vans and uniforms for potential participants at a media event in Seattle.
Equifax – Equifax struck a deal with the banking regulators in eight states that avoids fines for the credit reporting agency’s September 2017 data breach. The agreement calls for Equifax to perform an extensive assessment of cyberthreats and improve processes for fixing security issues.
Madison Square Garden – The company said it is exploring separating its sports businesses from its live entertainment businesses. The sports business would include the NBA’s New York Knicks and the NHL’s New York Rangers as well as other teams owned by MSG, while a second business would own Madison Square Garden, Radio City Music Hall, and other venues.