Category: Business
Aluminum producer Alcoa posts quarterly loss on pension charge
Paul MaiorOct 17, 2018
Oct 17 (Reuters) – Top U.S. aluminum producer Alcoa Corp reported a quarterly loss on Wednesday, compared with a profit a year earlier, largely due to a charge...
Tesla buys new plot for its first China factory
Paul MaiorOct 17, 2018
Tesla successfully acquired an 864,885-square meter plot in Shanghai’s Lingang area for the electric car maker’s new factory, according to an announcement...
Elon Musk intends to buy $20 million of Tesla stock
Paul MaiorOct 17, 2018
Tesla chief executive Elon Musk told the electric car company that he plans to purchase $20 million of common stock during the next open trading window, according to a...
IBM falls after revenue misses
Paul MaiorOct 16, 2018
IBM stock fell as much as 3 percent on Tuesday after the company reported earnings for its fiscal third quarter. The company will discuss the results with analysts on a...
Netflix smashes earnings: 89 cents per share, vs. 68 cents expected EPS
Paul MaiorOct 16, 2018
Netflix shares soared up to 15 percent after the company beat earnings estimates during its latest quarterly report on Tuesday. The company posted in its third-quarter...
Judge approves Elon Musk’s settlement with SEC
Paul MaiorOct 16, 2018
A judge approved a $40 million settlement by Tesla Inc. and Chief Executive Elon Musk with the U.S. Securities and Exchange Commission, resolving government claims that...
Domino’s shares plummet 6% on disappointing third-quarter sales growth
Paul MaiorOct 16, 2018
Investors drove shares of Domino’s down by more than 6 percent in premarket trading Tuesday, disappointed in slower-than-expected sales growth during the third...
UnitedHealth shares rise after posting a 28% rise in third-quarter profit, raises 2018 forecast
Paul MaiorOct 16, 2018
UnitedHealth, the largest U.S. health insurer, on Tuesday reported better-than-expected third-quarter earnings and revenue, driven by higher membership growth for its...
Goldman Sachs beats estimates for third quarter profit on stronger-than-expected investment banking
Paul MaiorOct 16, 2018
Goldman Sachs beat analysts’ expectations for third-quarter profit and revenue on strength in its investment banking and investing and lending divisions. The bank...
Morgan Stanley earnings: $1.17 per share, vs $1.01 EPS expected
Paul MaiorOct 16, 2018
Morgan Stanley reported quarterly earnings and revenue that beat analysts’ expectations on Tuesday. Here’s how the company did compared with what Wall...
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