Bristol-Myers reports 4Q loss
On a per-share basis, the New York-based company said it had a loss of $1.42. Earnings, adjusted for non-recurring costs, were 68 cents per share. The results topped Wall Street expectations. The average ...
Don't 'whine' about market sell-off: Strategist
Phil Orlando, Federated Investors chief market strategist, and Steven Wieting, Citi Private Bank chief investment strategist, provide insight to the market pullback.
Amazon settles tax row with France, value undisclosed
Amazon said on Monday it had settled a long-running dispute with French tax authorities, who have been seeking nearly 200 million euros ($249 million) from the online retail giant. Neither Amazon nor the French authorities would say what the settlement was worth. Amazon first acknowledged in 2012 that the French government was seeking back taxes, interest and penalties for the fiscal years from 2006 to 2010 in relation to "the allocation of income between foreign jurisdictions".
3 Takeaways From January's Automotive Sales Data
As the U.S. new-vehicle market plateaus, there are a few things investors should keep an eye on.
Oil nears one-month low, volatile equities keep investors jittery
Oil prices neared their lowest in a month on Monday as rising U.S. output and a weaker physical market added to the pressure from a widespread decline across equities and commodities. Brent crude futures (LCOc1) were down 90 cents at $67.68 a barrel by 1230 GMT, while U.S. West Texas Intermediate (WTI) crude (CLc1) dropped 61 cents to $64.84. "Oil is caught up in this general risk-off move, not helped at the margins by a little bit of strength in the U.S. dollar," said Ric Spooner, chief market analyst at CMC Markets in Sydney.
Alibaba leads $1.24 billion investment in film unit of China’s Wanda
BEIJING/SHANGHAI (Reuters) - Dalian Wanda Group is selling a $1.24 billion stake in its listed film business to a pair of investors led by Alibaba Group Holding Ltd (BABA.N), as the conglomerate looks to bring in strategic partners and raise new funds. The property-to-entertainment firm will sell the combined 12.77 percent in Wanda Film Holding Co Ltd to e-commerce giant Alibaba and state-backed Cultural Investment Holdings Ltd for a total of 7.8 billion yuan (£1 billion). The move, hot on the heels of a separate deal to bring in investors to its commercial property unit, highlights a major shift by Wanda towards a streamlined, "asset light" model, amid a broad crackdown in China on high levels of corporate debt.
Ram truck ad using MLK speech draws backlash
A Ram truck ad that used a speech by Martin Luther King, Jr., is drawing a backlash. The ad shows people doing service-oriented tasks set against audio of King's speech, which urges people to be "great" ...