Tuesday, 29 January 2019

Amgen 2019 forecast falls short of expectations, shares dip

Reuters.com Newsletter

Amgen 2019 forecast falls short of expectations, shares dip

Amgen Inc on Tuesday reported fourth-quarter profit that easily surpassed expectations as sales rose and tax expense fell, but competition for older medicines is growing and the drugmaker forecast 2019 earnings below Wall Street estimates.

Japan's ANA orders passenger jets worth $4.3 billion in Asia push

Japan's ANA Holdings Inc said on Tuesday it would order at least 38 planes worth $4.33 billion from Boeing Co and Airbus, and buy a stake in Philippines Airlines' parent PAL Holdings Inc to support its Asia growth strategy.

Huawei's Meng appears in court as Canada mulls U.S. extradition

Huawei Technologies Co Ltd's chief financial officer, the central figure in a high-stakes dispute between the world's two largest economies, made her first appearance in a Canadian court in more than a month on Tuesday as Ottawa weighs extraditing the Chinese executive to the United States.

Huawei units to be arraigned on U.S. criminal charges on Feb. 28

Two units of China's Huawei Technologies Co Ltd are to be arraigned on Feb. 28 in Seattle on a 10-count indictment on charges they conspired to steal T-Mobile US Inc trade secrets, according to court filings Tuesday.

Insys exec gave doctor lap dance while promoting drug, witness says

An ex-stripper who became a regional sales director at Insys Therapeutics Inc gave a doctor a lap dance at a Chicago club as the drugmaker pushed the doctor to prescribe its addictive fentanyl spray, a former Insys employee testified on Tuesday.

EBay unveils dividend, tops sales estimates for holiday quarter

Ebay Inc will begin paying a dividend, it announced on Tuesday, while also reporting better-than-expected sales and profit for the fourth quarter as it benefits from a rise in online shopping.

Gold hits eight-month high, stocks mixed amid trade caution, results

Gold hit an eight-month high while world stock markets were mixed ahead of further U.S.-Sino trade talks, a raft of technology company results starting with Apple later on Tuesday and an impending Federal Reserve decision on U.S. interest rates.

Apple sees U.S.-China tensions easing, services business growing

Apple Inc said sales for its fiscal second quarter would most likely be lower than Wall Street expected, a signal that it continues to face weak demand for its iPhone, especially in China, the world's biggest smartphone market.

Huawei units to be arraigned on U.S. criminal charges on Feb. 28

Two units of China's Huawei Technologies Co Ltd are to be arraigned on Feb. 28 in Seattle on a 10-count indictment on charges they conspired to steal T-Mobile US Inc trade secrets, according to court filings Tuesday.

Wall Street wavers as Apple tees up its quarterly report

Wall Street was mixed on Tuesday, with technology shares dipping ahead of Apple's quarterly report while a rebound in 3M and other industrials elevated the Dow Jones Industrial Average.

PG&E files for bankruptcy as California wildfire liabilities loom

PG&E Corp, owner of the largest U.S. power utility, filed for bankruptcy protection on Tuesday in anticipation of liabilities in excess of $30 billion from the deadliest wildfires in California's history.

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