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After CSeries deal, Bombardier aero unit faces uncertain future

October 27, 2017 by  
Filed under News

MONTREAL (Reuters) – Bombardier Inc secured the future of its struggling CSeries jet but still needs to find ways to spur growth in other units that have aging products or face larger rivals, industry players and analysts said.


Source: Reuters Business News

Tech, Amazon earnings power Wall St. higher

October 27, 2017 by  
Filed under News

NEW YORK (Reuters) – Wall Street climbed on Friday, including a 2 percent jump in the Nasdaq, powered by strong earnings from tech heavyweights and Amazon, along with an upbeat statement from Apple on demand for its iPhone X.


Source: Reuters Business News

Exxon, Chevron results linked to oil price, not cost cuts

October 27, 2017 by  
Filed under News

HOUSTON (Reuters) – Rising oil and natural gas prices boosted third-quarter profits at Exxon Mobil Corp and Chevron Corp by about 50 percent, underscoring how reliant they remain on commodity markets for their financial futures than better technology or cost cuts.


Source: Reuters Business News

Exxon, investors huddle on climate data as proxy deadline looms

October 27, 2017 by  
Filed under News

BOSTON (Reuters) – Activist Exxon Mobil Corp investors, five months after winning a landmark shareholder vote, are still pressing the company for an analysis on how its business could be affected by regulations aimed at limiting climate change.


Source: Reuters Business News

McDonald's sets new welfare standards for chicken suppliers

October 27, 2017 by  
Filed under News

CHICAGO (Reuters) – McDonald’s Corp will require suppliers to improve the living conditions and slaughter process for chickens raised to be served in its restaurants, the company said on Friday, the latest changes affecting popular menu items like McNuggets.


Source: Reuters Business News

Wall St. advances on earnings but healthcare lags

October 26, 2017 by  
Filed under News

NEW YORK (Reuters) – U.S. stocks advanced on Thursday to recover some declines from the prior session, after a round of positive corporate earnings, although gains were curbed by a drop in the healthcare sector.


Source: Reuters Business News

U.S. earnings calls zero in on automation, lose Trump focus

October 26, 2017 by  
Filed under News

NEW YORK (Reuters) – Judging by conference calls from the latest earnings season, U.S. companies and analysts have dropped their preoccupation with Washington and shifted their focus to automation aimed at defending record profit margins.


Source: Reuters Business News

Celgene cuts 2020 outlook, Otezla sales disappoint; shares plunge

October 26, 2017 by  
Filed under News

(Reuters) – Celgene Corp on Thursday reported third-quarter sales of its key psoriasis drug Otezla that badly missed expectations and significantly scaled down its 2020 targets for product sales and earnings, sending its shares tumbling 18 percent.


Source: Reuters Business News

Twitter says it could turn first-ever profit, shares surge

October 26, 2017 by  
Filed under News

(Reuters) – Twitter Inc said on Thursday it may become profitable for the first time next quarter after slashing expenses over the past year and ramping up deals to sell its data to other companies, which could help to break its reliance on advertising for revenue.


Source: Reuters Business News

GE explores divesting its transportation, healthcare IT businesses: sources

October 26, 2017 by  
Filed under News

(Reuters) – General Electric Co is exploring divesting its transportation and healthcare information technology businesses, as it seeks to reshape its portfolio under new Chief Executive John Flannery, people familiar with the matter said.


Source: Reuters Business News

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