ABB confirms profit goals for robotics division
ABB’s robotics division is “well placed” to increase sales by broadening its business beyond the struggling automotive sector, the Swiss engineering company said on Thursday, confirming its profitability goal.
AB InBev flags lower first-quarter profit on virus impact
Anheuser-Busch InBev on Thursday forecast a 10% decline in its first-quarter profit after a weaker-than-expected finish to 2019, as the world’s largest beer maker expects the coronavirus outbreak to dent its earnings.
WPP to target flat 2020 growth after fourth quarter slides
WPP , the world’s biggest advertising company, said it would target flat organic growth and profit margin in 2020 as part of its recovery after weakness in major markets dragged its fourth quarter down.
Microsoft wants to invest in Indonesia data centers, says Indonesian president
Microsoft Corp is keen to invest in data centers in Indonesia which will soon make regulatory changes to facilitate the move, the country’s president said after meeting with the software giant’s CEO on Thursday.
Bayer targets 9.6% gain in 2020 adjusted EBITDA
Germany’s Bayer said on Thursday it was targeting growth in adjusted core profit of up to 9.6% this year, driven by sales of agriculture products and pharmaceuticals.
Pandemic fears pummel stocks, push bond rally to fresh heights
Stocks sunk deeper into the red on Thursday, oil prices fell and U.S. Treasuries rallied into record territory as more signs of the global spread of the coronavirus heightened fears of a pandemic.
Futures tank as virus risks deepen
U.S. stock index futures tumbled on Thursday as the rapid spread of the coronavirus outside China raised fears of a pandemic and sent investors scurrying to the perceived safety of gold and bonds.
AB InBev fourth quarter profit below expectations, sees muted 2020 growth
Anheuser-Busch InBev ABI.BR, the world’s largest beer maker, suffered a greater than expected fall in core profit in the fourth quarter last year and forecast muted growth in 2020 due in part to the coronavirus outbreak in China.
StanChart posts strong results but coronavirus, economic headwinds to hamper profit growth
Standard Chartered booked a robust 46% jump in annual profit but warned a key earnings target would take longer to meet as the coronavirus epidemic adds to headwinds in its main markets of China and Hong Kong.
Panera Bread launches $8.99 monthly unlimited coffee subscription
Panera Bread Co on Thursday is launching an $8.99 per month unlimited coffee subscription as it aims to grow its breakfast traffic and loyalty program membership.
