Chemicals maker Albemarle profit beats, raises 2019 earnings forecast
Albemarle Corp beat quarterly profit estimates on higher demand for bromine and raised its 2019 adjusted profit forecast on Wednesday, sending shares of the world’s largest lithium producer up over 10% in extended trading.
Medicare to cover expensive cancer cell therapies
The U.S. Centers for Medicare and Medicaid Services (CMS) on Wednesday said it has finalized a decision to cover expensive cancer cell therapies sold by Gilead Sciences Inc and Novartis AG .
Silver lining to U.S. market sell-off: Fundamentals still seem to matter
U.S. companies posting strong earnings are still winning laurels from investors, even amid the broad stock sell-off over the last week, suggesting that the kind of indiscriminate selling seen the last time an apparent devaluation of China’s yuan spooke…
Lyft sees ride-hailing price war easing, sending Uber and Lyft shares up
Lyft Inc on Wednesday said a price war with rival Uber was easing, boosting shares of both companies and allowing Lyft to raise its outlook for the year and forecast a faster path to profitability.
Fox Corp beats quarterly profit estimates on higher affiliate fees
Media company Fox Corp reported quarterly results that beat Wall Street estimates on Wednesday, boosted by higher fees collected from cable and satellite operators and online distributors.
S&P 500 erases big losses to end up; investors buy bargains, yields off lows
The S&P 500 recovered from steep early losses to end slightly higher on Wednesday as investors snapped up oversold shares and bond yields rebounded from significant lows that raised fears about a recession.
Albemarle shares rise on profit beat, upbeat 2019 earnings forecast
Albemarle Corp , the world’s largest lithium producer, posted a better-than-expected quarterly profit on Wednesday, aided by higher sales and prices of bromine and lithium, and raised its 2019 adjusted profit forecast, sending shares up 6% at $71.62 in…
Broadcom in advanced talks to buy Symantec’s enterprise business: sources
Chipmaker Broadcom Inc is in advanced talks to buy Symantec Corp’s enterprise business, according to people familiar with the matter.
Hedge fund Hoplite Capital plans to shut down – letter
Hedge fund Hoplite Capital is returning money to outside clients after a period of sluggish returns, the firm’s founder, John Lykouretzos, told investors in a letter on Wednesday.
Lithium producer Albemarle raises 2019 adjusted profit forecast
Albemarle Corp raised its 2019 adjusted profit forecast after posting a 10% jump in the second quarter on Wednesday, as the world’s largest lithium producer sold more volumes of lithium and bromine at higher prices.
