Pinterest shares tumble as profit seen elusive
Pinterest Inc’s shares slumped as much as 17% on Friday after the online scrapbook company’s disappointing annual forecast shook investors’ faith in its ability to turn in a profit soon.
AbbVie halts enrollment after brain cancer trial misses goal, shares fall
AbbVie Inc said on Friday it has halted enrollment of patients in all ongoing studies testing its brain cancer treatment after the drug failed to meet the main goal in a late-stage trial.
Wall St. set to open lower after China’s tough talk on trade
Wall Street was set to break a three-day winning streak on Friday, as trade worries returned after Chinese media took a hard stance on the tariff dispute between the United States and China.
IATA chief says trade tensions to hit 2019 airline profit outlook
The head of global airlines lobby IATA warned on Thursday of lower industry forecasts for 2019, triggered by increasing trade tensions and higher costs.
Hewlett Packard Enterprise to buy supercomputer maker Cray in $1.30 billion deal
Supercomputer manufacturer Cray Inc said on Friday it would be bought by Hewlett Packard Enterprise Co in a deal valued at about $1.30 billion, net of cash.
Masuko to step down as Mitsubishi Motors CEO, Kato to succeed him
Mitsubishi Motors Corp said on Friday that Osamu Masuko will step down as its chief executive on June 21 and be replaced by Takao Kato, who is president of its operations in Indonesia.
Deere blames escalating trade war for worsening outlook
Deere & Co on Friday missed quarterly profit estimates for the fifth-straight quarter and cut its full-year outlook, as an escalating U.S.-China trade war threatens to further hit farm incomes and demand for the company’s equipment.
Samsung to spend more than $14 billion in second phase of China chip plant: Xinhua
South Korean tech giant Samsung Electronics Co Ltd will spend more than $14 billion in the second phase of investment in its memory chip plant in Xian, China, China’s official Xinhua news agency reported on Friday citing a Samsung executive.
Italy’s deputy PM Salvini: would be proud of a UniCredit bid for Commerzbank
Italy’s Deputy Prime Minister and League leader Matteo Salvini said he would hail a takeover bid by Italy’s UniCredit for German rival Commerzbank.
Oil lifted to $73 by real and threatened supply cuts
Oil edged higher to $73 a barrel on Friday, supported by a host of supply cuts and concern of further disruption to Middle East shipments as tensions rise, and was heading for a weekly gain.
