Financial Performance

Stocks end lower ahead of US-China trade war deadline

May 9, 2019

Stocks closed broadly lower on Wall Street Thursday, extending the market's slide into a fourth straight day, as investors braced for the possible escalation in the trade war between the U.S. and China.

SoftBank profits rise, partly on gains from Saudi-tied fund

May 9, 2019

SoftBank reported a 36% increase in profit for the fiscal year, partly on gains from its Saudi-tied Vision Fund

UniCredit profits up 25 percent, best 1Q in a decade

May 9, 2019

Italy's largest bank by assets, UniCredit, posted its best quarter in a decade, with a 25% boost in first-quarter profits as the bank pushes ahead with a reorganization plan that includes deep cost-cutting

Disney's 2Q beats estimates despite soft theatrical revenue

May 8, 2019

Disney's adjusted second-quarter net income declined as higher revenue from its parks was not enough to offset lower theatrical revenue

Canada smelter workers protest at Alcoa meeting

May 8, 2019

Workers from Canada protesting a protracted labor dispute at a smelter in Quebec have come to western Pennsylvania to deliver their message to shareholders at Alcoa's annual meeting in downtown Pittsburgh

Siemens to cut 10,000 jobs in major overhaul

May 8, 2019

German industrial equipment and technology supplier Siemens AG says net profit fell 5% in the first three months of the year as the company heads into a major restructuring

Toyota reports dip in quarterly profit, projects recovery

May 8, 2019

Toyota sees 4% dip in 1Q profit on weaker vehicle sales in North America

Lyft posts strong growth, big losses in first public quarter

May 7, 2019

Ride-hailing company Lyft is reporting strong revenue growth but substantial losses in its first quarterly earnings report since its rocky stock market debut

Ferrari driven by surge in sales in China

May 7, 2019

Automaker Ferrari says its profits rose in the first quarter as demand for its luxury sports cars grew strongly, particularly in China

BMW profit hit by anti-trust case, spending on technology

May 7, 2019

BMW lost money making cars in the first quarter as its automotive division was hit by a 1.4 billion-euro ($1.6 billion) set-aside for an EU anti-trust fine and by costs for new technology and factories

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