Merck’s quarterly profit falls 12 percent
Drugmaker Merck & Co reported a 12.3 percent fall in quarterly profit on Friday, as research and development expenses rose.
Twitter beats estimates on revenue but monthly usage falls
Twitter Inc posted record profit on Friday with second quarter revenue that beat financial analysts’ estimates and said penalizing misbehaving users this year had paid off even though monthly usage had dropped.
Sell long-in-the-tooth FAANGs, build up BRICs, say analysts
Investors poured $600 million in to U.S. technology stocks in the week leading up to poor results from Facebook , according to Bank of America Merrill Lynch (BAML) analysts, urging clients to sell the sector on signs inflows have reached bubble territo…
Thomson Reuters unit to be renamed Refinitiv after Blackstone deal
Thomson Reuters Corp’s Financial and Risk unit, in which U.S. private equity firm Blackstone Group is buying a majority stake, will be renamed Refinitiv once the deal closes, the company said in a statement on Friday.
China says it is still open to talks on scrapped Qualcomm-NXP takeover
China’s market regulator said it still hoped to find a solution to antitrust concerns that doomed Qualcomm Inc’s $44 billion takeover of NXP Semiconductors, after finding that proposals to address the issue had fallen short.
Global stocks gain as trade tensions ebb
Global stocks rose on Friday as strong company earnings reports and an easing of transatlantic trade tensions on an agreement between the United States and Europe this week to try to cut trade barriers boosted investor confidence.
Luxury group Kering’s shares fall, Gucci seen bit weaker than forecast
Shares in luxury goods group Kering , which hit record highs last month, fell back sharply on Friday as traders said sales growth at Kering’s Gucci brand had come in a bit weaker than forecast.
WeWork’s China unit gets $500 million funding from Temasek, Softbank, others
The Chinese unit of U.S. co-working space provider WeWork Cos said it has raised $500 million from investors including Temasek Holdings [TEM.UL] and SoftBank Group Corp as it looks to expand in the market for shared office space in the country.
Thyssenkrupp to invest up to $250 million in U.S. elevator site: executive
German industrial conglomerate Thyssenkrupp is planning to invest $150 to $250 million in a new U.S. headquarters for its elevators business, an executive told Reuters.
Asian shares post modest gains, trade fears hamper China
(This story was refiled to clarify state bank activity in spot yuan market in 13th paragraph.)
