Netflix surges ahead of quarterly results report; Disney in focus
Shares of Netflix jumped 3 percent on Tuesday ahead of the streaming video service’s quarterly results, with traders expecting a larger than normal reaction from the stock as new competition looms from Walt Disney Co.
U.S. manufacturing mired in soft patch in first quarter
U.S. manufacturing output was unchanged in March after two straight monthly declines, resulting in the first quarterly drop in production since President Donald Trump was elected.
Cash-flush buyout firms target Europe in take-private scramble
Once shunned due to intense public scrutiny and competition from corporate buyers, private equity firms are increasingly targeting listed companies in Europe, shrugging off forecasts of a regional economic slowdown.
UnitedHealth sees minimal impact from rebate system overhaul
UnitedHealth Group Inc said on Tuesday it expects minimal impact to its margins if the rebate system is overhauled but investors remained concerned about the impact of the Trump administration’s proposal to end discounts from drugmakers.
China eyes U.S. poultry, pork imports in trade talks: sources
China would likely lift a ban on U.S. poultry as part of a trade deal and may buy more pork to meet a growing supply deficit, but it is not willing to allow a prohibited growth drug used in roughly half the U.S. hog herd, two sources with knowledge of …
Daimler suspends Mercedes franchise in China after customer complaint goes viral
Germany’s Daimler has suspended a local sales franchise for its Mercedes-Benz brand in China after a customer complaint about service from the dealership went viral on social media.
Wall Street inches higher on tech boost, Johnson & Johnson earnings
U.S. stocks edged higher on Tuesday, as an advance in technology shares and a jump in Johnson & Johnson following strong results countered losses in UnitedHealth and Bank of America.
Bank of America revenue misses forecasts, shares fall
Bank of America Corp on Tuesday reported first-quarter revenue that fell short of expectations and predicted that net interest income would rise half as fast this year, sending its shares down.
Pharmaceuticals drive J&J to better-than-expected quarterly profit
Johnson & Johnson on Tuesday reported a first-quarter profit that exceeded Wall Street expectations on higher sales of its prescription medicines, including a double-digit increase for its psoriasis treatment Stelara, even as the company faces fierce competition for some of its other important drugs.
Stocks approach new highs on positive earnings, economic data
Stocks around the globe rose on Tuesday to six-month highs after U.S. healthcare companies posted strong earnings and data provided reassurance about economic sentiment in Germany.
