Einhorn’s Greenlight Capital up 11 percent in year to date: source
Hedge fund manager David Einhorn’s Greenlight Capital, which had its worst year in 2018, is up 11 percent so far this year and will soon be open to take in new cash, a source familiar with the matter said on Wednesday.
Johnson & Johnson eyeing surgical robotics firm Auris Health: Bloomberg
Johnson & Johnson is pursuing an acquisition of surgical robotics firm Auris Health Inc, Bloomberg reported on Wednesday, citing people with knowledge of the matter.
Procter & Gamble’s skin, fabric care brands drive sales beat
Procter & Gamble Co’s quarterly revenue and profit topped Wall Street estimates on Wednesday, driven by price increases and robust demand for fabric care products and premium skin care brands.
United Tech profit beats on higher aero parts sales
Industrial conglomerate United Technologies Corp reported a better-than-expected fourth-quarter profit on Wednesday and forecast 2019 earnings above estimates, boosted by acquisition of aero parts maker Rockwell Collins.
Comcast results beat on lower-than-expected video losses
Top U.S. cable services provider Comcast Corp reported quarterly revenue and profit above analysts’ estimates on Wednesday, as it lost fewer video subscribers than expected and grew its broadcast television and theme parks businesses.
Siemens, Alstom both able to compete, EU’s Vestager says
The rail divisions of Siemens and Alstom are world champions and are both able to compete in the market, the European Union’s Competition Commissioner Margrethe Vestager told Die Zeit newspaper, signaling scepticism over a planned merger of their rai…
Comcast revenue beats on lower-than-expected video losses
Top U.S. cable services provider Comcast Corp reported quarterly revenue above analysts’ estimates on Wednesday, buoyed by lower-than-expected video subscriber losses and growth in its broadcast television and theme parks businesses.
Russia says oil price war with U.S. would be too costly
Russia should not unleash an oil price war against the United States but rather stick with output cuts even at the cost of losing market share in the medium term, one of the main Russian architects of a production pact with OPEC said.
PG&E expects capital spending of about $6.6 billion in 2019
U.S. power company PG&E Corp said http://bit.ly/2T5NcbG on Wednesday it expected capital expenses of about $6.6 billion in 2019 and $6.9 billion in 2020.
Taco Bell eyes Asia-Pacific to drive overseas expansion
U.S. fast food chain Taco Bell plans to double its international footprint with Asian markets as the main driver for overseas growth as awareness about Mexican cuisine grows, a senior executive said on Wednesday.
