U.S. restricts exports to Chinese semiconductor firm Fujian Jinhua
U.S. President Donald Trump’s administration took action on Monday to cut off a Chinese state-backed chipmaker from U.S. suppliers amid allegations the firm stole intellectual property from U.S. semiconductor company Micron Technology Inc .
General Electric says regulators expand probe into power unit writedown
General Electric Co said the U.S. Securities and Exchange Commission had expanded its probe of GE’s accounting to include a $22.8 billion writedown of goodwill from GE’s power division.
Coca-Cola’s low-sugar sodas, premium waters drive results
Coca-Cola Co’s quarterly revenue and profit beat analysts’ estimates on Tuesday, as investments to cater to changing consumer tastes paid off with higher sales of its sugar-free sodas and premium waters.
Higher consumer spending spurs Mastercard’s profit beat
Mastercard on Tuesday joined bigger rival Visa in reporting stronger-than-expected earnings for the third quarter, as it benefited from more Americans swiping their credit cards for everything from gasoline to groceries.
Pfizer cuts revenue forecast as supply snags, dollar strength weigh
Pfizer Inc on Tuesday reported worse-than-expected third quarter revenue and lowered the top end of its full-year sales forecast as generic competition and drug pricing pressure in the United States hurt its older drugs business.
Uber defends its business model over UK worker rights
Uber defended its business model at the Court of Appeal on Tuesday in the latest stage of a long-running battle over the classification of its drivers as self-employed, a designation that entitles them to few workplace rights in Britain.
Chesapeake to buy oil producer WildHorse in $4 billion deal
Chesapeake Energy Corp is buying oil producer WildHorse Resource Development Corp in a nearly $4 billion deal, it said on Tuesday, as it looks to increase oil production capacity during a period of rising crude prices.
Under Armour results beat quarterly estimates, lifts profit outlook
Under Armour Inc raised its full-year profit forecast on Tuesday after reporting third-quarter results that topped Wall Street estimates, as the sportswear maker benefited from higher overseas sales and lower expenses.
Coca-Cola tops estimates on demand for sugar-free sodas
Coca-Cola Co reported quarterly sales and profit that beat Wall Street estimates on Tuesday, as more consumers reached for its sugar-free sodas, premium waters and sports drinks.
Pfizer lowers revenue forecast on strong dollar, supply issues
U.S. drugmaker Pfizer Inc cut the top end of its full-year revenue forecast range on Tuesday, citing a stronger dollar and lower revenue from its sterile-injections business.
