Intel data center rebound eases U.S.-China trade war worries
Intel Corp on Thursday beat Wall Street estimates for third-quarter revenue and profit and raised its full-year revenue forecast, powered by sales to data centers and easing concerns about slowing demand during the U.S.-China trade war.
Citigroup names Jane Fraser as president
Citigroup Inc has promoted Jane Fraser to head of its global consumer bank and president, putting her in a position eventually to become the next chief executive.
Albemarle cuts 2019 forecast on lithium price pressure
Albemarle Corp , the world’s largest lithium producer, on Thursday cut its sales and profit forecasts for the year, hit by a continued slump in prices for the white metal, sending its shares down nearly 7% in extended trading.
FTC staff recommends approval of Roche deal for Spark: report
The Federal Trade Commission staff reviewing Roche’s plan to buy U.S.-based gene therapy specialist Spark Therapeutics for $4.3 billion recommended that the deal be approved without requiring any asset sales, the Capitol Forum reported on Thursday.
Massachusetts accuses Exxon in lawsuit of climate change deceit
The state of Massachusetts sued Exxon Mobil Corp on Thursday, accusing the oil giant of misleading investors and consumers for decades about the role fossil fuels play in climate change.
Walmart pulls 22-ounce J&J baby powder from shelves – CNBC
Walmart Inc has removed and blocked sales of Johnson & Johnson’s 22-ounce baby powder bottles from its stores, CNBC reported on Thursday, making it the third large retailer to pull the product.
Amazon’s gloomy holiday forecast misses estimates, shares fall 7%
Amazon.com Inc on Thursday forecast revenue and profit for the holiday quarter below expectations, as it faces fierce competition and rising costs from its plan to speed up delivery times globally.
Exclusive: Software under scrutiny in Airbus A220 engine failures
A U.S.-led investigation into a series of engine failures on Airbus’s smallest jet, the A220, is studying whether a software change allowed unexpected vibrations that tore parts and forced three emergency landings, several people familiar with the case…
Beyond Meat brings in Coca-Cola veteran to head marketing
Beyond Meat Inc will bring in Coca-Cola Co veteran Stuart Kronauge as its chief marketing officer, the vegan patty maker said on Thursday, as it looks to boost its presence in retail and restaurants.
Massachusetts sues Exxon Mobil, saying company lied about climate change
Massachusetts sued Exxon Mobil Corp on Thursday, with the state’s attorney general accusing the oil giant of misleading investors and consumers for decades about the role fossil fuels play in climate change.
