ADM fourth-quarter profit beats estimates on biodiesel, consumer trends
U.S. grains trader Archer Daniels Midland Co’s fourth quarter profit topped Wall Street expectations on Wednesday, driven by its nutrition business and refined products unit,...
Coke, Fuze tea demand drive Coca-Cola’s revenue beat, shares hit record high
Coca-Cola Co’s quarterly revenue beat market expectations on Thursday, driven by demand for the beverage maker’s signature soda, flavored Cokes and Fuze teas, sending its...
Exclusive: In break from past, Louis Dreyfus boss is open to selling stake
After 169 years of keeping the business in the family, agricultural commodity giant Louis Dreyfus Company (LDC) is open to selling a large non-controlling stake...
Wall Street set to drop as China epidemic raises growth concerns
U.S. stock indexes were set to open lower on Thursday as the coronavirus epidemic fanned concerns of a slowdown in China’s economy, while a mixed...
Southwest says disappointed with government audit pointing at safety lapses
Southwest Airlines said on Thursday it was disappointed with a government audit that claimed the U.S. carrier failed to prioritize safety by flying millions of...
Jaguar-Land Rover parent warns of profit hit from coronavirus outbreak
The coronavirus outbreak in China could hit profits at luxury car brands Jaguar and Land Rover, parent Tata Motors said on Thursday, the latest company...
U.S. regulators propose simpler restrictions around bank fund investments
U.S. banks would be able to take large ownership stakes in venture capital funds under proposed rules unveiled Thursday by the Federal Reserve....
Spirit Aero CFO resigns on accounting irregularity, shares fall 7%
Spirit AeroSystems on Thursday said its chief financial officer had resigned after the company identified some accounting irregularities, adding to the woes of the aero-parts...
Turnaround costs push Deutsche Bank to $6 billion loss
Deutsche Bank plunged to a bigger than expected loss of 5.7 billion euros ($6.3 billion) last year, its fifth in a row, as the cost...
Oil falls 2% on spread of China virus
Oil prices fell on Thursday on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered...