BlackRock’s profit hit by lower fees for lending stocks
BlackRock Inc , the world’s largest asset manager, took in less cash last quarter as investors moved into lower-cost bond funds, and it made less...
AmEx beats profit on higher card spending; expenses a worry
Credit card issuer American Express Co beat analysts’ estimates for quarterly profit on Friday, as a healthy U.S. economy fueled higher spending by its customers....
Microsoft brightens Wall St. mood as rate cut hopes rise
U.S. stock futures inched higher on Friday as strong results for Microsoft’s cloud business fed into a bullish mood following signs from New York Fed...
BlackRock second-quarter profit misses estimates
BlackRock Inc , the world’s largest asset manager, missed analysts’ estimates for quarterly profit on Friday, as investment advisory and securities lending revenue fell and...
PepsiCo to buy South Africa’s Pioneer Food for $1.7 billion
PepsiCo has struck a deal to buy South Africa’s Pioneer Food Group for $1.7 billion, the companies said on Friday, lifting Pioneer’s shares and boosting...
As ‘superstar’ cities thrive, poorer ones get left behind
In the depths of the financial crisis, when the world was shunning debt and battening down for the worst, city officials here zagged in what...
BlackRock second-quarter profit falls 6.5%
BlackRock Inc , the world’s largest asset manager, on Friday reported a 6.5% drop in second-quarter profit, as investment advisory and securities lending revenue fell...
As ‘superstar’ cities keep winning, worrisome U.S. divide widens
In the depths of the financial crisis, when the world was shunning debt and battening down for the worst, city officials here zagged in what...
Syngenta CFO says it faces no glyphosate lawsuits
Chinese-owned agricultural chemical maker Syngenta has not been named in litigation involving weed-killer ingredient glyphosate that has hit German rival Bayer , the Swiss-based company’s...
Bayer welcomes judge’s call for reduced damages in $2 billion glyphosate case
Germany’s Bayer AG welcomed on Friday a call by a U.S. judge to cut a $2 billion damages award to a Californian couple by a...