Mylan tops profit estimates on drug launches
Generic drugmaker Mylan NV beat Wall Street estimates for third-quarter profit on Tuesday, benefiting from drug launches such as Wixela and Fulphila, sending its shares...
Saudi government to have one-year restriction on selling more Aramco shares after IPO: sources
The Saudi government will be subject to a one-year restriction on selling additional Aramco shares in the oil company after a planned initial public offering...
U.S. boards end era of impunity for ‘skirt-chasers,’ McDonald’s firing shows
Directors of U.S. companies are increasingly showing zero tolerance for executives’ sexual relationships with employees, even consensual ones, an attitude shift evident in McDonald’s Corp’s...
Tapestry profit tops estimates on overseas demand for Coach handbags
Tapestry Inc beat quarterly profit estimates on Tuesday, as demand for its high-margin Coach handbags and apparel in China and Europe helped it overcome stagnating...
Former McDonald’s chief Easterbrook steps down from Walmart board
Steve Easterbrook, the chief executive officer of McDonald’s Corp who was dismissed over the weekend, has resigned from Walmart Inc’s board, the retailer said on...
Kroger’s 2020 profit, same-store sales estimates top expectations
Kroger Co on Tuesday forecast 2020 profit and same-store sales ahead of Wall Street estimates, as the supermarket chain benefits from its investments in store...
Mylan third-quarter profit rises 7% on new drug launches
Mylan NV reported a 7.4% rise in third-quarter profit on Tuesday, as the generic drugmaker benefited from new product launches....
Lufthansa files motion to prevent cabin crew strike: spokeswoman
Lufthansa , Germany’s biggest airline, has filed a motion with a Frankfurt court to prevent a flight attendants’ strike scheduled for this week, a company...
Mediaset ready to change pan-Europe TV governance to appease Vivendi: source
Italian broadcaster Mediaset is ready to modify the governance of its pan-Europe TV reorganisation in order to reach a compromise with hostile shareholder Vivendi VIV.PA>,...
OPEC’s Barkindo: oil market may have upside potential next year
OPEC Secretary-General Mohammad Barkindo said on Tuesday that the oil market outlook for 2020 may have upside potential, appearing to downplay any need for deeper...