International Companies
Europe to probe Microsoft's bundling of Teams with Office 365
The European Commission opened a formal investigation into Microsoft on Thursday, to assess whether the tech giant had violated EU competition rules.
CMA to consult on changes offered by Amazon Marketplace
In response to concerns raised by the Competition and Markets Authority (CMA) over potential anti-competitive practices, Amazon has offered to implement changes to the way it treats third-party sellers using its Marketplace platform in the UK, it emerged on Wednesday.
Deutsche Bank boosts bad loan provision, revenues jump
Deutsche Bank flagged a more uncertain macroeconomic outlook on Wednesday, after it boosted provisions for bad loans.
Shares in LVMH slip on disappointing sales
Shares in LVMH fell on Wednesday after the luxury goods giant's second-quarter numbers disappointed.
Biogen to axe 1,000 jobs as part of cost-cutting strategy
US biopharmaceutical firm Biogen announced that it would trim its workforce by 1,000 jobs on Tuesday, as part of a cost reduction strategy.
Amazon cuts price for iRobot to $51.75 a share
Amazon said on Tuesday that it will now pay less for Roomba vacuum maker iRobot after it entered into a $200m financing facility.
Safran strikes $1.8bn deal to buy flight control unit
Safran is to acquire Collins Aerospace’s flight control business in a $1. 8bn deal, it was announced on Friday.
Philip Morris Q2 profits come in better than expected
Philip Morris International reported better-than-expected profits for the second quarter on Thursday, as net earnings per share fell to $1. 01 from $1. 43 year-on-year.
Johnson & Johnson lifts guidance after beating Q2 forecasts
Johnson & Johnson surpassed expectations with its second-quarter revenue and adjusted earnings on Thursday, after its medtech business experienced a surge in sales.
American Airlines beats Q2 estimates, hikes full-year guidance
American Airlines delivered better-than-expected second quarter earnings and hiked its full-year guidance on the back of a "strong" start to the travel season.
Goldman Sachs falls short of Wall Street's lowered Q2 expectations
Goldman Sachs Group released its second-quarter earnings on Wednesday, becoming the only one of America’s six big banks to miss profit forecasts as it fell below the lowered expectations set by Wall Street analysts.
Morgan Stanley beats Q2 estimates, raises dividend
Morgan Stanley posted better-than-expected revenues and profit for the second quarter and bumped up its dividend payout.
Higher rates help Bank of America beat Q2 estimates
Bank of America posted a sharp rise in both its top and bottom lines thanks to higher interest rates.
EU to probe Microsoft's bundling of Teams with Office
Microsoft will face an official antitrust investigation by the European Union (EU) next week, it was reported on Monday, making for the software giant's first such probe in Brussels in 15 years.
Citigroup shares slip despite Q2 results beat
Citigroup's quarterly results beat analysts' estimates, although poor showings in its markets and investment banking units.
CMA extends deadline for Microsoft-Activision Blizzard probe
The Competition and Markets Authority said on Friday that it has extended a final deadline on Microsoft’s proposed $69bn acquisition of Activision Blizzard to 29 August.
JPMorgan handily beats Q2 estimates, but Dimon warns of uncertainty
J. P. Morgan second quarter results blew past analysts' estimates, even as its boss cautioned about the potential impact that "material" regulatory changes might have.
Wells Fargo beats Q2 estimates for revenues and profit
Wells Fargo posted a big rise in quarterly earnings and revenue.
BlackRock's Q2 net asset inflows fall short
BlackRock easily surpassed analysts' estimates for second quarter profits, but net inflows fell short.
Nokia warns on profits as demand falters
Shares in Nokia Corporation fell sharply on Friday, after the telecoms equipment specialist warned on profits.