Monday 29 April 2019

Google parent Alphabet's revenue misses estimates, rises at slowest pace in three years

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Google parent Alphabet's revenue misses estimates, rises at slowest pace in three years

Alphabet Inc's Google failed to reap the benefits of a strong economy that bolstered rivals in the first quarter, leaving the search giant's revenue below Wall Street targets on Monday.

Boeing CEO keeps job intact after facing questions on 737 MAX crashes

Boeing Co CEO Dennis Muilenburg emerged with his job intact at an annual meeting on Monday and promised to win back the public's trust after facing tough questions in the wake of two fatal crashes of the 737 MAX plane.

Boeing says did not intentionally deactivate 737 MAX safety feature

Boeing Co said on Monday it did not "intentionally or otherwise" deactivate a safety alert for its angle-of-attack sensors on its 737 MAX aircraft, responding to reports the planemaker failed to tell Southwest Airlines Co and the U.S aviation regulator that the safety feature was deactivated before recent crashes.

S&P 500 posts record high, extending 2019 rally

The S&P 500 set an intraday record high on Monday, bolstering the view that the decade-long bull market has further to run, after consumer spending rose in March and inflation data was benign.

Strong U.S. growth, weak inflation leave Fed stuck happily on hold

The Federal Reserve is expected to hold interest rates steady at its policy meeting this week as policymakers balance recent stronger-than-expected U.S. economic growth against sluggish inflation.

Uber quizzed on growth at IPO roadshow in London

Uber Technologies Inc Chief Executive Dara Khosrowshahi sought to persuade money managers in London that the loss-making ride hailing firm's growth plans justified a valuation of up to $91.5 billion in an initial public offering (IPO).

Global stocks climb as S&P 500 hits record, oil steadies after selloff

A jump in U.S. consumer spending propelled U.S. shares to a record high on Monday and global equities edged upwards, helping offset a weak euro zone sentiment survey and political uncertainty over Spain's elections.

The obscure advisory committees at the heart of the U.S. drug pricing debate

Expectations were high last year for three new migraine drugs hitting the market from Amgen Inc, Eli Lilly and Co and Teva Pharmaceutical Industries.

Toyota to produce Lexus NX for North America at Canada plant

Toyota Motor Corp will build its Lexus NX luxury crossover vehicle at a Canadian plant starting in 2022, the company said on Monday, a decision that Prime Minister Justin Trudeau said demonstrated the value of the country's international trade agreements.

Oil climbs, shaking off Trump calls for OPEC to offset Iran sanctions

Oil prices edged higher on Monday, as the market attempted to resume a weeks-long rally that was halted on Friday when U.S. President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran.

Canadian farm exports hit new Chinese obstacles amid diplomatic dispute

An expanding list of Canadian farm exports is hitting obstacles at Chinese ports, leaving sellers of soybeans, peas and pork scrambling amid a bitter diplomatic dispute.

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