Political ads and Super Bowl boost CBS in first quarter
(Reuters) – CBS Corp, the owner of the most-watched U.S. TV network, reported a 10 percent rise in quarterly revenue, beating Wall Street estimates, as the U.S. presidential campaign and Super Bowl broadcast boosted spending on advertising.
Wall Street values Tesla Motors at $620,000 per car
SAN FRANCISCO (Reuters) – Company founder and CEO Elon Musk may not mention Tesla Motors Inc’s stock price when his electric car company gives its latest financial update on Wednesday, but it will be front and center for investors divided over its see…
Glencore considers selling gold mine worth over $2 billion: sources
LONDON (Reuters) – Mining company Glencore is considering selling its Vasilkovskoye gold mine in Kazakhstan, sources close to the deal said on Tuesday, confirming an earlier report in the Financial Times.
Lower ad sales, higher costs pull down New York Times profit
(Reuters) – The New York Times Co’s adjusted operating profit fell 13 percent in the first quarter as ad sales declined in its print and digital businesses and costs rose.
U.S. prosecutors consider more charges against ex-CEO Shkreli
(Reuters) – Former drug executive Martin Shkreli, who last year became a lightning rod for outrage over soaring prescription drug prices, may face additional U.S. charges of securities fraud, a federal prosecutor said on Tuesday.
Global factory growth nearly stalled in April: PMI
LONDON (Reuters) – Global manufacturing growth almost stalled last month as rising price halted a pick-up in new orders, a survey showed on Tuesday.
Exclusive: Venezuela’s PDVSA quietly issues new debt to pay off suppliers
CARACAS/HOUSTON (Reuters) – Venezuelan state oil firm PDVSA has issued at least $310 million in debt to companies including General Electric Co as it negotiates private issuances to pay off its suppliers, industry sources told Reuters, stretching the …
New drugs fuel strong Pfizer results; company raises 2016 forecasts
(Reuters) – Pfizer Inc, which last month abandoned its $160 billion quest for Allergan Inc, reported quarterly results that blew past analyst estimates on sales of its new cancer and arthritis treatments and the acquisition last year of hospital produc…
Big pharma dominates ranking of stocks with best five-year returns
NEW YORK (Reuters) – U.S. pharmaceutical companies dominated an annual global ranking of top 10 large-cap stocks with the best five-year returns, according to an analysis released on Tuesday by Boston Consulting Group.
Saudi plans stock market reforms to draw foreign money
DUBAI (Reuters) – Saudi Arabia announced a string of reforms to its stock market that could attract billions of dollars of fresh foreign money and smooth sales of state assets as the kingdom grapples with damage to its finances caused by low oil prices…
