BlackRock quarterly profit beats, assets under management top $6 trillion
BlackRock Inc, the world’s largest asset manager, reported a better-than-expected first-quarter profit and garnered tens of billions of new investor cash as global financial markets rebounded from a volatile fourth quarter.
Stock futures rise on boost from upbeat healthcare, bank results
U.S. stock index futures inched higher on Tuesday, getting a lift from a clutch of upbeat quarterly reports from Bank of America, UnitedHealth and Johnson & Johnson.
Bank of America profit tops estimates on growing loan book
Bank of America Corp reported a better-than-expected rise in quarterly profit on Tuesday, as a growing loan book and cost cuts made up for a drop in revenue in investment banking.
J&J beats estimates on pharma strength, raises sales forecast
Johnson & Johnson beat quarterly profit estimates on Tuesday and raised its adjusted sales growth forecast for the year, driven by demand for its treatment for psoriasis and Crohn’s disease and cancer drugs Darzalex and Imbruvica.
Caesars names Anthony Rodio as CEO
U.S. casino operator Caesars Entertainment Corp, which has been under pressure from activist investor Carl Icahn to sell itself, on Tuesday named Anthony Rodio as its chief executive officer.
China forms task force to review design changes to Boeing 737 MAX
China’s aviation regulator said on Tuesday that it had set up a task force to review design changes to the Boeing Co 737 MAX that had been submitted by the planemaker after the fleet was grounded last month.
Etihad Group CFO departs as carrier pursues turnaround plan
Etihad Airways Group Chief Financial Officer Mark Powers has stepped down after roughly a year in the job as the Abu Dhabi state-owned carrier overhauls its business after years of heavy losses.
UnitedHealth beats first-quarter profit estimates, raises 2019 forecast
UnitedHealth Group Inc on Tuesday posted a quarterly profit that beat analysts’ estimates and raised its adjusted earnings target for the year, driven by strength in its Optum unit as well as a rise in memberships for its health plans.
Will upbeat economic data make China tap the brakes on monetary easing?
China’s bond market sold off sharply this week as a slew of unexpectedly strong economic indicators prompted investors to ask if country’s latest round of monetary easing may be drawing to a close.
India’s Jet Airways management proposes halting operations, say reports
The management of India’s Jet Airways Ltd has proposed temporarily suspending all operations of the struggling airline, Indian media reported on Tuesday, as the company awaits promised funds from banks in a rescue deal.
