Toymaker Hasbro’s quarterly revenue, profit top estimates
Toymaker Hasbro Inc topped Wall Street estimates for profit and revenue in the second quarter as it emerged from the worst effects of last year’s Toys ‘R’ Us bankruptcy, sending its shares up nearly 7 percent in premarket trading.
Fiat Chrysler’s head of Europe business steps down: source
The head of Fiat Chrysler’s Europe, Middle East and Africa business Alfredo Altavilla has stepped down, a source with knowledge of the matter said on Monday.
Oil higher on Middle East, North Sea supply worries
Oil prices rose on Monday on worries over supply after tensions worsened between Iran and the United States, while some offshore workers began a 24-hour strike on three oil and gas platforms in the British North Sea.
Toymaker Hasbro’s quarterly revenue tops estimates
Toymaker Hasbro Inc topped Wall Street estimates for quarterly revenue on Monday, as the company managed to move past the liquidation of retailer Toys ‘R’ Us.
Energy giants opening natural gas spigots, fueling profit rise
The world’s largest oil companies are pumping more natural gas than ever before, helping to spur a rise in profits while sating rising global demand for fuels that can mitigate global greenhouse gas emissions.
France’s Atos boosts U.S. presence with Syntel acquisition
French IT services company Atos is boosting its North American operations with a $3.4 billion cash deal to buy Michigan-based IT services provider Syntel Inc .
BoJ easing talk sends bond yields up
Signs that the Bank of Japan (BoJ) might scale back its monetary stimulus faster than expected sent tremors through bond markets on Monday, while European stocks slipped as threats of further U.S. tariffs on China drained risk appetite.
SABIC deal lets Saudi Arabia delay Aramco IPO, spend on growth: sources
A proposed reshuffle of state assets would allow Saudi Arabia to delay the listing of national oil giant Aramco until 2020 or beyond while still spending on economic development projects, according to three sources familiar with the matter.
New Fiat Chrysler boss must deliver Marchionne plan
New Fiat Chrysler boss Mike Manley faces the task of executing his predecessor’s plan to boost production of SUVs and catch up on electric cars to keep the world’s seventh-largest carmaker competitive in the absence of a merger.
China says it won’t devalue currency to bolster exports
China said on Monday the value of its currency is driven by market forces and that it has no intention to devalue the yuan to help exports, after Washington said it was monitoring the currency’s weakness amid the escalating bilateral trade row.
