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Month: July 2018

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Third Point seeks allies to put pressure on Campbell Soup: sources

31st July 2018 admin 0

Activist hedge fund Third Point LLC is meeting with some of Campbell Soup Co’s largest shareholders to seek support for changes at the U.S. consumer […more]

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U.S. insurers grilled on exposure to $4.7 billion J&J talc verdict

31st July 2018 admin 0

Wall Street is trying to figure out whether the U.S. insurance industry will bear any costs from a record $4.69 billion judgment against Johnson & […more]

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China's Baidu tops profit estimates on ad sales growth

31st July 2018 admin 0

Chinese internet search giant Baidu Inc on Tuesday topped Wall Street estimates for quarterly profit on the back of strong growth in its online advertisement […more]

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China's Baidu posts 24.4 percent rise in quarterly revenue

31st July 2018 admin 0

China’s Baidu Inc reported a 24.4 percent rise in quarterly revenue on Tuesday, driven by gains in the internet search firm’s online ad business. […more]

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Thyssenkrupp investor Elliott says divisions should have more say

31st July 2018 admin 0

Activist investor Elliott wants Thyssenkrupp to give its business divisions more autonomy to pursue promising ventures, an Elliott executive told German daily Die Welt, following […more]

Bitcoin Cash Fans Celebrate Independence Day One Year Later

31st July 2018 admin 0

Today is the one-year anniversary of the ‘Bitcoin Independence Day’ that took place on August 1 2017. Since that day the Bitcoin Cash (BCH) network […more]

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Apple's pricey iPhone X, subscriptions deliver earnings beat

31st July 2018 admin 0

Apple Inc sales led by the pricey iPhone X pushed quarterly results far beyond Wall Street targets on Tuesday, with subscriptions from App Store, Apple […more]

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GE wins $631 million U.S. defense contract: Pentagon

31st July 2018 admin 0

General Electric Co has been awarded a $631 million contract for repair, replacement and program support of engine components used on the F/A-18 E/F and […more]

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NBA strikes sports betting deal with MGM as official partner

31st July 2018 admin 0

The National Basketball Association on Tuesday announced its first-ever official sports betting partner, MGM Resorts International , with the league agreeing to sell its official […more]

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Devon Energy misses profit estimates as costs rise

31st July 2018 admin 0

U.S. oil producer Devon Energy Corp on Tuesday missed Wall Street estimates for quarterly profit as expenses rose, offsetting gains from higher oil production. […more]

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