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Finance news Stories

GRAPHIC-European tech shares disconnect from earnings as M&A hopes build

* Tech shares jump even as earnings expectations slump * Share (LSE: SHRE.L – news) rally boosted by M&A hopes, weaker euro * Chart on tech shares and EPS: http://bit.ly/2a1Z9bk By Atul Prakash LONDON, July 26 (Reuters) – European technology … Continue reading

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Verizon posts subscriber gain shortfall, says Yahoo to fuel media push

By Malathi Nayak and Aishwarya Venugopal (Reuters) – Verizon Communications Inc disappointed Wall Street on Tuesday by reporting a smaller-than-expected subscriber gain for its main wireless business, and its CEO gave few details about plans to increase revenue from its … Continue reading

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MIDEAST STOCKS-Gulf markets slip as Saudi hit by poor Q2 earnings

* Saudi’s Mobily, al-Khodari tumble on Q2 results * Positive Q2 surprise fails to lift Tasnee * Insurance sector bucks trend on bullish earnings * Dubai’s Aramex surges 5.5 percent * Small stocks boost Kuwait index, blue chips move little … Continue reading

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Caterpillar shares up on earnings beat; cuts 2016 outlook

(Reuters) – Caterpillar Inc <CAT.N> reported better-than-expected second quarter earnings on Tuesday, lifting its shares, but the heavy machinery maker also lowered its full-year forecast amid sluggish demand in mining and other industries. The company’s $1.09 in earnings per share, … Continue reading

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Wall St little changed as investors assess earnings

By Yashaswini Swamynathan (Reuters) – Wall Street was little changed on Tuesday morning as investors assessed a host of corporate earnings reports and braced for the Federal Reserve’s policy meeting. The Federal Open Market Committee (FOMC) begins a two-day meeting … Continue reading

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Caterpillar 2Q results top Street, cuts 2016 profit outlook

FILE – This June 10, 2014, file photo, shows the Caterpillar logo on heavy, earth-moving equipment in Springfield, Ill. Caterpillar Inc. reports financial results Tuesday, July 26, 2016. (AP Photo/Seth Perlman, File) More PEORIA, Ill. (AP) — Caterpillar’s second-quarter performance … Continue reading

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DuPont cost-cutting pushes it beyond Wall Street's 2Q hopes

WILMINGTON, Del. (AP) — DuPont topped most expectations in the second quarter as the chemical maker cut costs ahead of its tie up with Dow Chemical, and it upped its profit outlook for the year. Shares rose more than 1 … Continue reading

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Shell Philippines files for $629 million IPO, eyes November listing

By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – Pilipinas Shell Petroleum Corp has filed for an initial public offering (IPO) of shares that may raise as much as 29.7 billion pesos (479.17 million pounds) in one of … Continue reading

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Energy company BP says 2Q earnings fell 45 percent

LONDON (AP) — BP says second-quarter earnings fell 45 percent as lower oil prices hit the British energy company. The company said Tuesday that underlying replacement cost profit, which excludes one-time items and fluctuations in the value of inventories, fell … Continue reading

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UK's Drax sees 2016 earnings at lower end of forecast range

LONDON, July 26 (Reuters) – British power producer Drax said its full-year earnings for 2016 would likely be at the lower end of analysts’ forecasts, after posting a 42 percent drop for the first half of the year. Earnings before … Continue reading

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