February 6, 2019

Eli Lilly cuts 2019 forecast on trial failure, Loxo deal

Eli Lilly and Co cut its 2019 profit forecast on Wednesday, hit by a recent trial failure of conditionally approved cancer treatment Lartruvo and costs related […]
February 6, 2019

Carlyle quarterly earnings jump 35 percent on higher fees

Private equity firm Carlyle Group LP on Wednesday reported a 35 percent rise in distributable earnings for the final three months of 2018, supported by a […]
February 6, 2019

SoftBank’s Son unveils $5.5 billion buyback, laments share price

Japan’s SoftBank Group Corp announced a $5.5 billion share buyback on Wednesday as it reported a 60 percent increase in quarterly operating profit buoyed by rising […]
February 6, 2019

Spotify posts surprise profit in fourth quarter, sees loss in 2019

Spotify, the world’s most popular paid music streaming service, reported an unexpected fourth-quarter operating profit on Wednesday but its sales growth was well below expectations and […]
February 6, 2019

Reviving M&A hopes, Uniper starts open-minded talks with Fortum

Uniper said on Wednesday nothing was off limits in fresh talks with Finland’s Fortum, its top shareholder, renewing investor hopes for a full takeover of the […]
February 6, 2019

Toyota’s third-quarter operating profit edges up as Asia sales rise

Toyota Motor Corp’s quarterly operating profit edged up as continued increase in sales in Asia, including China, offset lower sales in North America, its biggest market. […]
February 6, 2019

United to add premium seats on regional and mainline jets

United Airlines said on Wednesday it was adding 1,600 premium seats to nearly 250 international and domestic aircraft, including the introduction of a first-class cabin on […]
February 6, 2019

Tesla cuts Model 3 price for second time this year

Electric carmaker Tesla Inc is lowering the price of its Model 3 by $1,100, citing the end of a costly customer referral program, a company spokeswoman […]
February 6, 2019

Asian shares subdued after Trump speech, Aussie slumps

Asian shares were subdued on Wednesday after U.S. President Donald Trump’s State of the Union speech failed to give markets fresh trading catalysts, while the Australian […]
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