Coty revenue misses expectations on weak demand for cosmetics
Cosmetics maker Coty Inc posted first-quarter revenue that fell short of Wall Street estimates on Wednesday, hit by sluggish sales of its mass-market beauty brands.
Boeing to invest $1 billion in global safety drive: sources
Boeing Co is planning an initial investment of around $1 billion into industry-wide pilot development as part of a long-term initiative to reduce risks like those faced by the crew in two 737 MAX crashes, people familiar with the matter said.
CVS tops profit estimates on Aetna strength
CVS Health Corp posted a better-than-expected quarterly profit on Wednesday, boosted by its pharmacy benefit management unit and the Aetna health insurance business it acquired last year.
Oil prices decline on U.S. crude build, weak euro zone data
Oil prices declined on Wednesday, pulled down by a larger-than-expected build in U.S. crude stocks and weak euro zone economic figures, after gaining for three sessions on expectations of an easing in U.S.-China trade tensions.
Investors left exposed as Trump’s SEC gives America Inc a helping hand
The United States’ top market cop is slowly taking the shackles off corporations.
SoftBank CEO Son says his judgment on WeWork was poor in many ways
SoftBank Group Corp fell into the red in the second quarter for the first time in 14 years, with its gigantic Vision Fund suffering a 970 billion yen ($8.9 billion) loss on plunging valuations of WeWork and Uber Inc .
Adidas sees soccer boost after stumble on Kanye West shoes
German sportswear company Adidas expects a boost to sales from new soccer merchandise ahead of the 2020 European championships after quarterly growth was held back by a weaker performance from Yeezy shoes designed by Kanye West.
Huawei founder says not yet talking directly with U.S. firms to license 5G
Huawei Technologies Co Ltd is not yet directly engaged with any U.S. company over the firm’s proposal to ease concerns about the security of its platform by licensing its 5G network technology, its founder and CEO Ren Zhengfei said on Wednesday.
China regulator warns e-commerce platforms to stop monopolistic practices
China has warned top e-commerce platforms including Alibaba and JD.com to stop practices that could be deemed as monopolistic, as industry frictions grow ahead of the country’s banner Singles Day shopping event on Nov. 11.
Oil falls on U.S. crude build, weak euro zone data
Oil prices fell on Wednesday, pulled down by a larger-than-expected build in U.S. crude stocks and weak euro zone economic figures, after gaining for three sessions on expectations of an easing in U.S.-China trade tensions.
