Newer drugs help Eli Lilly top Wall Street quarterly profit estimate
Eli Lilly and Co reported a second-quarter profit that topped Wall Street estimates and raised its 2019 earnings forecast on Tuesday, as higher demand for...
Xerox cuts full-year revenue forecast, shares fall
Xerox Corp posted a better-than-expected quarterly profit on Tuesday, but cut its full-year revenue forecast citing organizational changes, primarily in North America....
Wall Street dips on U.S.-China trade tensions, Fed meeting eyed
U.S. stocks dipped on Tuesday as U.S.-China trade worries pressured technology shares, while the scale of consensus at the Federal Reserve in favor of deeper...
Under fire, Swiss minister dumps Philip Morris as Expo sponsor
Switzerland scrapped a 1.8 million Swiss franc ($1.8 million) sponsorship deal with Philip Morris International for the country’s pavilion at Expo 2020 in Dubai after...
Shares in plant-based burger maker Beyond Meat slide on stock offering
Shares in meat alternatives company Beyond Meat slid on Tuesday, a day after the company known for its pea-based burgers and sausages announced a stock...
Ralph Lauren hints at weakness in North America business, shares fall
Ralph Lauren Corp said it expects full-year sales in North America to be pressured by a tough retail environment and weakness in spending by foreign...
Oil prices up on expectations of Fed rate cut
Oil prices rose for a fourth day on Tuesday on optimism the U.S. Federal Reserve will this week cut interest rates for the first time...
P&G posts strong sales, takes $8 billion Gillette writedown
Procter & Gamble Co’s quarterly revenue and profit beat Wall Street expectations on Tuesday, sending shares up even as the world’s No.1 personal goods company...
Mylan reaches $30 million settlement in SEC’s EpiPen probe
Mylan NV has reached a tentative agreement to pay $30 million to resolve a probe by the U.S. Securities and Exchange Commission related to its...
Cancer drug Keytruda, vaccines propel Merck to quarterly profit beat
Merck & Co Inc reported higher-than-expected second-quarter profit and revenue and raised its full-year earnings forecast on Tuesday, powered by strong demand for its blockbuster...