Vaccine and blood thinner help drive Pfizer to quarterly earnings beat
Pfizer Inc on Tuesday reported first-quarter profit that beat Wall Street estimates and slightly raised its 2019 earnings forecast, as the company reined in costs and recorded higher sales of blood thinner Eliquis and Prevnar pneumonia vaccine.
HSBC shakes up under-pressure global banking business
HSBC has reshuffled its global banking division as former JP Morgan banker Greg Guyett put his stamp on the business, which has been under pressure in recent years.
California synagogue shooting casts harsh light on mutual-fund darling Cloudflare
The gunmen accused of attacking U.S. synagogues and New Zealand mosques over the past six months brewed their ideas on online hate sites, pulling U.S. cyber-defense firm Cloudflare Inc into a debate on the balance between online speech and security.
European regulators fear Deutsche Bank U.S. stress test failure: source
Deutsche Bank is in danger of failing U.S. stress tests, a European bank supervisor told Reuters, adding to pressure on Germany’s biggest lender to make changes to its investment bank after failed merger talks with Commerzbank.
Mallinckrodt shares drop after U.S. joins cases over expensive drug
The U.S. Justice Department has joined a pair of whistleblower lawsuits alleging a drugmaker now owned by Mallinckrodt Plc improperly promoted an expensive multiple sclerosis treatment and paid kickbacks to doctors who prescribed the drug.
Warren Buffett bankrolls Occidental’s Anadarko bid with $10 billion
Warren Buffett’s Berkshire Hathaway Inc committed $10 billion on Tuesday to Occidental Petroleum Corp’s $38 billion cash-and-stock bid for Anadarko Petroleum Corp, boosting its chances of snatching a deal from Chevron Corp.
U.S.-China trade talks will likely conclude in next two weeks: Mulvaney
Talks between the United States and China aimed at resolving their trade dispute will likely be resolved “one way or the other” in the next two weeks, White House chief of staff Mick Mulvaney said on Tuesday.
Escalating fight, Trump sues Deutsche Bank, Capital One over Democratic subpoenas
President Donald Trump, his three oldest children and the Trump Organization have sued Deutsche Bank AG and Capital One Financial Corp to try to block them from responding to U.S. congressional subpoenas issued by Democrats seeking financial records.
GE cautious as profit rises, cash burn slows; shares, bonds rise
General Electric Co said on Tuesday it generated more profit and lost less cash than expected in the first quarter, suggesting an improving outlook under its new leader that sent its shares and bonds higher.
Stronger spending powers Mastercard profit, revenue beat; shares hit record high
Mastercard Inc on Tuesday beat quarterly profit and revenue estimates, as a strong U.S. job market, rising wages and surge in online shopping boosted transaction volumes, sending shares of the world’s second largest payments processor to an all-time hi…
