Celgene cuts 2020 outlook, Otezla sales disappoint; shares plunge
(Reuters) – Celgene Corp on Thursday reported third-quarter sales of its key psoriasis drug Otezla that badly missed expectations and significantly scaled down its 2020 targets for product sales and earnings, sending its shares tumbling 18 percent.
Upbeat earnings keep Wall Street on firm footing
(Reuters) – U.S. stocks gained ground on Thursday, with support from a clutch of upbeat corporate results and ahead of earnings from marquee companies Google-parent Alphabet and Amazon.
GE explores divesting its transportation, healthcare IT businesses: sources
(Reuters) – General Electric Co is exploring divesting its transportation and healthcare information technology businesses, as it seeks to reshape its portfolio under new Chief Executive John Flannery, people familiar with the matter said.
Financial, tech stocks drive Wall Street higher
(Reuters) – Wall Street was higher on Thursday, driven by gains in financial and technology stocks and ahead of earnings from marquee companies, including Google-parent Alphabet and Amazon.
Twitter says it could turn first-ever profit, shares surge
(Reuters) – Twitter Inc said on Thursday it may become profitable for the first time next quarter after slashing expenses over the past year and ramping up deals to sell its data to other companies, which could help to break its reliance on advertisin…
UAW files complaint against Tesla for terminated workers
(Reuters) – The United Auto Workers (UAW) International Union said on Thursday it filed a complaint against electric carmaker Tesla Inc on behalf of the company’s terminated workers.
RBS to pay $44 million to settle U.S. claims it defrauded customers
(Reuters) – A unit of Royal Bank of Scotland Group Plc has agreed to pay more than $44 million and enter a non-prosecution agreement to settle a U.S. criminal probe into traders accused of defrauding customers on bond prices.
Sales of U.S. pickups lift Ford profit; self-driving test set for ’18
DETROIT (Reuters) – Ford Motor Co reported a better-than-expected quarterly net profit on Thursday, driven largely by U.S. sales of its high-margin pickup trucks, and said it would begin to test self-driving cars in some cities next year.
Twitter says could turn first-ever profit, shares jump
(Reuters) – Twitter Inc said on Thursday it may become profitable for the first time next quarter after slashing expenses over the past year and diversifying its advertising-heavy revenue by ramping up deals to sell its data to other companies.
Dow advances at open; Celgene holds back S&P, Nasdaq
(Reuters) – The Dow Industrials forged ahead at the open on Thursday, driven by gains across sectors, but losses in Celgene held back the two other major Wall Street indexes in one of the busiest days of third-quarter earnings.
