Raytheon’s quarterly revenue rises 8.5 percent on higher weapon demand
Tomahawk missile maker Raytheon Co reported an 8.5 percent rise in fourth-quarter revenue on Thursday, boosted by higher demand for its weapons from the United States and its allies.
Ride-hailing companies suspend Barcelona services after new regulations
Ride-hailing companies Uber and Cabify are to suspend their services in Barcelona in response to the regional government’s imposition of limits on how they operate in the city.
Deutsche Bank focused on sustainable profitability: source
Deutsche Bank is focused on getting the German lender on a path to sustainable profitability, a well-informed Deutsche Bank source told Reuters on Thursday.
A flood of profit warnings from Chinese firms as slowdown bites
Hundreds of listed Chinese companies – from hog farmers struggling to buy pig feed, to glassware makers unable to collect receivables – flagged big losses for 2018, victim to a slowing economy and Beijing’s deleveraging.
H&M blames online investment for latest profit decline
Sweden’s H&M disappointed investors with a 10 percent tumble in quarterly profit, the world’s second largest fashion retailer blaming investment aimed at boosting its online business for the decline.
Qatar Airways upgrades Airbus A321 order to include longer range jets
Qatar Airways has upgraded an existing order for 50 Airbus A321neo jets to include 10 long-range models, as a regional diplomatic rift has forced the airline to fly longer routes.
Friendly Fed fires world stocks to best January on record
Soothing sounds from the Federal Reserve propelled world stocks to their best January on record on Thursday although, having scored stellar gains this time last year only to flop spectacularly, traders were trying not to get too carried away.
New Unilever CEO inherits disappointing sales performance
Unilever reported lower-than-expected fourth-quarter sales on Thursday, hurt by troubles in Latin America and weak growth in developed markets as new Chief Executive Alan Jope took over.
French regulator orders Google to take measures on advertising
France’s competition regulator has ordered Google to take measures regarding some of its advertising methods, saying these had hit French firm Amadeus which runs a directory service in France.
Japan’s Nintendo slashes Switch hardware forecast after bumper third quarter
Japan’s Nintendo Co Ltd on Thursday slashed its full-year hardware forecast for the hybrid home-portable Switch console, revising a figure that had been treated with scepticism by investors and added to pressure on its share price.
