International Companies
Boeing posts wider-than-expected loss, names new CEO
Boeing reported a wider-than-expected loss for its second quarter on Wednesday, as ongoing challenges in both its commercial and defence divisions led to weaker-than-anticipated financial results.
DuPont hikes guidance as semiconductor demand drives strong Q2 beat
Shares in DuPont de Nemours were rising strongly in pre-market trade on Wednesday after the American chemicals company beat both profit and revenue estimates in its second quarter, and raised its full-year projections.
ASML surges on report US will exempt allies from China chip restrictions
Dutch chip equipment maker ASML surged on Wednesday following a report it will be exempt from new US rules on foreign chip equipment exports.
P&G misses the mark with fourth-quarter sales
Procter & Gamble's stock took a hit on Tuesday after the American consumer goods giant underwhelmed investors with its quarterly sales figures.
PayPal lifts full-year forecast after bumper second quarter
PayPal reported a strong set of second-quarter results on Tuesday, surpassing analyst expectations, as it hiked its full-year earnings forecast.
Tesla recalls 1.8m cars over bonnet latch issue
Electric car giant Tesla was forced to update the software of more than 1. 8m vehicles in the US after a software issue relating to the bonnet opening latch.
Sixth Street to buy insurer Enstar in $5.1bn deal
Global insurance group Enstar said on Monday that it has agreed to be bought by investment firm Sixth Street in a $5. 1bn deal.
McDonald's Q2 results fall short of expectations
Fast-food giant McDonald's posted quarterly revenue and earnings that fell short of expectations on Monday as customers continued to refrain from dining out in the three months ended 30 June.
Philips surges after Q2 results
Philips surged on Monday as its second-quarter results beat analysts’ expectations, driven mainly by growth in North America, and the Dutch medical device maker reiterated its outlook for the year.
Heineken shares slide after first-half profit miss
Heineken shares were in the red on Monday morning, after a disappointing first-half operating profit that fell short of analyst expectations.
Apollo to buy IGT Gaming and Everi in $6.3bn deal
Apollo Global Management has agreed to buy International Game Technology’s gaming and digital business - IGT Gaming - and gambling machines firm Everi Holdings in a $6. 3bn cash deal.
Mercedes-Benz Q2 earnings fall as car sales slip
German automotive giant Mercedes Benz posted a sharp fall in adjusted earnings in its car division during Q2 as it continues to struggle with model changeovers and weakened Asian trading.
3M comfortably beats expectations for Q2 revenue, earnings
American industrial conglomerate 3M announced a strong set of second-quarter results on Friday, comfortably beating market expectations as it narrowed its guidance for the full-year towards the top end of its previous expectations.
KKR to buy Instructure Holdings in $4.8bn deal
Instructure Holdings said on Thursday that it has agreed to be bought by investment funds managed by KKR in a $4. 8bn cash deal.
American Airlines posts record quarterly revenue but slashes earnings outlook
American Airlines reported its highest-ever quarterly revenue for its second quarter on Thursday, at $14. 3bn, although that still fell short of its own expectations, as the airline also lowered its full-year earnings guidance.
Nestle cuts full-year sales outlook
Food giant Nestle slumped on Thursday after it cut its sales outlook for the year as pricing has come down "faster than expected".
UMG shares slide as subscription, streaming revenue disappoints
Shares in Universal Music Group (UMG) experienced their steepest slide since going public on Thursday, after the Amsterdam-traded company’s subscription and streaming revenue growth failed to meet investor expectations.
Kering first-half revenues drop, H2 operating income to fall 30%
Gucci owner Kering tumbled on Thursday after it posted a drop in first-half revenues and warned that operating income would drop in the second half.
Deutsche Bank halts buyback plan as H1 profits sink
Deutsche Bank shares tanked on Wednesday after the German bank paused its share buyback programme amid a sharp decline in first-half profits following a big charge relating to its 2010 takeover of Postbank.
Bosch snaps up heating and air con assets in $8bn deal
German technology group Bosch is to acquire the residential ventilation business of Johnson Controls International in an $8bn deal, it was announced on Tuesday.