Oil falls as surplus forecast overshadows Libya disruption
Oil prices fell on Wednesday as a market surplus forecast by the International Energy Agency (IEA) outweighed concern over disruptions to Libya’s crude output....
Diabetes, heart device sales fuel Abbott’s revenue beat
Abbott Laboratories Inc beat quarterly sales estimates on Wednesday, boosted by higher revenue from its diabetes and heart devices....
J&J forecasts weak annual profit, misses revenue estimates
Johnson & Johnson on Wednesday forecast full-year profit largely below expectations, after posting a rare miss on quarterly revenue as sales of some of its...
Daimler profits halve on diesel and restructuring charges
Daimler warned its earnings halved in 2019 and it faced further charges of up to 1.5 billion euros ($1.7 billion)related to diesel pollution, in the...
S&P 500 aims for record open on IBM support, fading China virus fears
U.S. stock index futures pointed to fresh highs for the S&P 500 on Wednesday, as investors took heart from China’s efforts to contain a deadly...
Sainsbury’s turns to retail boss as CEO checks out
Sainsbury’s has picked retail and operations director Simon Roberts to succeed CEO Mike Coupe, the architect of the British supermarket group’s failed bid for rival...
Baker Hughes profit misses estimates as LNG equipment demand wanes
Oilfield services provider Baker Hughes Co missed analysts’ estimates for quarterly profit on Wednesday, hit by lower orders in its business that supplies turbines and...
Abbott quarterly profit soars 60%
Abbott Laboratories Inc reported a 60% rise in fourth-quarter profit on Wednesday, boosted by strong sales of its diabetes and heart devices....
With record profits on Wall Street, small bonuses will annoy bankers: experts
Most Wall Street banks announced their fourth quarter profits beat industry expectations last week. But by the end of this week, bank sources and compensation...
J&J misses revenue estimates as blockbuster drugs disappoint
Johnson & Johnson narrowly missed quarterly revenue estimates on Wednesday as sales of its blockbuster psoriasis medicine Stelara and cancer drug Imbruvica fell short of...