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October 22, 2019
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Results Forecasts / Warnings

Reuters - Business

Centene posts narrow profit beat, signals early close of WellCare deal

Reuters
(Reuters) – Centene Corp (CNC.N) said on Tuesday its deal for WellCare Health Plans (WCG.N) could close sooner than previously expected and posted a profit that edged past Street estimates, reassuring investors of strength in its core Medicaid business. Shares of the company rose 6.5% to $48.79 in early morning...
Reuters - Business

Harley-Davidson beats forecasts as international sales rebound

Reuters
(Reuters) – Harley-Davidson Inc (HOG.N) beat expectations for profit on Tuesday and stuck to its full-year shipment forecast, allaying fears of another major hit from European import tariffs and a further slump in sales in its main U.S. market. FILE PHOTO: Harley-Davidson’s new electric motorcycle, LiveWire, is shown in this...
Reuters - Business

UBS tightens investment banking belt as earnings slide continues

Reuters
ZURICH (Reuters) – Swiss bank UBS (UBSG.S) is axing high-paying investment banking staff after a disappointing performance at the division prompted a 16% slide in third-quarter net profit and put the group’s 2019 profit goals further out of reach. FILE PHOTO: A man walks past a UBS logo projected on...
Reuters - Business

UBS, authorities eye client overcharges in Singapore and Hong Kong

Reuters
FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann ZURICH (Reuters) – UBS (UBSG.S) is working with relevant authorities to address inappropriate spreads it may have charged wealthy clients whose money was booked in Hong Kong and Singapore in debt securities...
Reuters - Business

Halliburton profit falls 32% on weak North America drilling

Reuters
FILE PHOTO: Oil production equipment is seen in a Halliburton yard in Williston, North Dakota, U.S., April 30, 2016. REUTERS/Andrew Cullen/File Photo (Reuters) – Halliburton Co (HAL.N) reported a 32% slump in quarterly profit on Monday, hit by weak demand for its services and equipment from oil and gas producers...
Reuters - Business

Wall Street Week Ahead: Tech haves and have-nots face third-quarter tests

Reuters
NEW YORK (Reuters) – Technology companies, which make up the largest swath of the U.S. stock market, are expected to post a nearly 8% drop in third-quarter profits as reports roll in from many of the sector’s biggest corporations. FILE PHOTO: Traders work on the floor at the New York...
Reuters - Business

BMW open for new partners in mobility services venture: FAS

Reuters
The logo of BMW carmaker is seen on a vehicle in Cairo, Egypt May 19, 2019. Picture taken May 19, 2019. REUTERS/Mohamed Abd El Ghany FRANKFURT (Reuters) – BMW (BMWG.DE) is keen to find additional partners for the mobility services venture it runs with rival carmaker Daimler (DAIGn.DE), BMW’s new...
Reuters - Business

Schlumberger takes over $12 billion charge as CEO charts new course

Reuters
(Reuters) – Schlumberger NV’s (SLB.N) new chief executive officer wielded an ax to the company’s asset-heavy businesses, taking a $12.7 billion charge in the face of weaker shale drilling and sliding profits. FILE PHOTO: The exterior of a Schlumberger Corporation building is pictured in West Houston January 16, 2015. REUTERS/Richard...
Reuters - Business

Kansas City Southern profit beats on increased petroleum shipments to Mexico

Reuters
FILE PHOTO: A freight train of the Kansas City Southern (KCS) Railway Company is pictured in Toluca, Mexico October 1, 2018. REUTERS/Edgard Garrido (Reuters) – Railroad operator Kansas City Southern (KSU.N) on Friday reported a better-than-expected quarterly profit, helped by an increase in refined fuel products and liquid petroleum gas...
Reuters - Business

Renault shares slump as profit warning deepens carmaker’s problems

Reuters
PARIS (Reuters) – A profit warning sent Renault’s (RENA.PA) shares as much as 15% lower on Friday, capping a turbulent year for the French carmaker since the arrest of long-time boss Carlos Ghosn and adding to signs of a sharp global auto industry slowdown. FILE PHOTO: Newly-appointed interim CEO Clotilde...
Reuters - Business

Renault shares plunge as profit warning deepens its problems

Reuters
PARIS (Reuters) – A hefty profit warning sent Renault (RENA.PA) shares tumbling as much as 15% on Friday, capping a miserable year for the French carmaker following the arrest of long-time boss Carlos Ghosn and adding to signs of a sharp slowdown in the global auto industry. FILE PHOTO: The...
Reuters - Business

Volvo truck orders hit in third-quarter as market demand loses steam

Reuters
FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer/File Photo STOCKHOLM (Reuters) – Sweden’s AB Volvo (VOLVb.ST) on Friday reported a sharp fall in order intake of its heavy-duty trucks in the third quarter and forecast...
Reuters - Business

Morgan Stanley executives offer cautious outlook after profit beat

Reuters
(Reuters) – Morgan Stanley (MS.N) reported a higher-than-expected profit on Thursday, bolstered by strength in bond trading and M&A advisory, but executives were careful not to sound too optimistic about the rest of the year. FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York U.S.,...
Reuters - Business

Union Pacific misses profit expectations amid trade war, to cut spending, jobs

Reuters
(Reuters) – Railroad operator Union Pacific Corp (UNP.N) on Thursday reported quarterly profit that missed analysts’ estimates and said it would cut capital spending and jobs as the multi-front U.S. trade war worsens an industry-wide freight volume slump. FILE PHOTO: A Union Pacific rail car is parked at a Burlington...
Reuters - Business

Emerging markets come off the boil for Nestle and Unilever

Reuters
ZURICH/LONDON (Reuters) – Global consumer goods companies are banking on fast-growing emerging markets to drive their growth, so signs on Thursday that sales have come off the boil in the once-booming economies of China and India could set alarm bells ringing. FILE PHOTO: Unilever headquarters in Rotterdam, Netherlands August 21,...
Reuters - Business

Stock market tunes in to Netflix after subscriber bounce

Reuters
(Reuters) – Wall Street cheered a rebound in Netflix subscribers in the third quarter, driving shares in the firm 9% higher on Thursday even as analysts warned conservative estimates for the next three months may be a hint of less certain times ahead. FILE PHOTO: The Netflix logo is shown...
Reuters - Business

Norwegian Air, JetBlue tie up to make transatlantic bookings simpler

Reuters
FILE PHOTO: The JetBlue Airways logo is seen on a revolving door entering John F. Kennedy Airport in the Queens borough of New York U.S., January 24, 2017. REUTERS/Shannon Stapleton OSLO (Reuters) – Passengers with Norwegian Air (NWC.OL) and New York’s JetBlue Airways (JBLU.O) will be able to fly between...
Reuters - Business

Unilever suffers dip in emerging markets sales growth

Reuters
LONDON (Reuters) – A slowdown in India and China put a brake on Unilever’s (ULVR.L) quarterly sales growth, highlighting the challenges facing Chief Executive Alan Jope as he tries to boost the consumer goods giant’s business in emerging markets. Since taking the reins in January, Jope has promised accelerated growth...
Reuters - Business

Norwegian Air and JetBlue plan transatlantic partnership

Reuters
FILE PHOTO: The JetBlue Airways logo is seen on a revolving door entering John F. Kennedy Airport in the Queens borough of New York U.S., January 24, 2017. REUTERS/Shannon Stapleton OSLO (Reuters) – Norwegian Air (NWC.OL) and New York’s JetBlue Airways (JBLU.O) have agreed to form a partnership that will...
Reuters - Business

Norwegian Air and JetBlue announce transatlantic partnership

Reuters
FILE PHOTO: The JetBlue Airways logo is seen on a revolving door entering John F. Kennedy Airport in the Queens borough of New York U.S., January 24, 2017. REUTERS/Shannon Stapleton OSLO (Reuters) – Norwegian Air (NWC.OL) and JetBlue Airways (JBLU.O) have agreed to form a partnership that will allow customers...

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