Business

(Reuters) – Merck & Co Inc (MRK.N) and Bristol-Myers Squibb Co (BMY.N) posted better-than-expected third quarter profit and raised their 2018 earnings forecasts on Thursday due to strong demand for their rival cancer immuno-oncology treatments. FILE PHOTO: The Merck logo is seen at a gate to the Merck & Co campus in Linden, New Jersey,
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DETROIT (Reuters) – Tesla Inc’s (TSLA.O) high-end Model S sedan lost its “recommended” rating and the electric carmaker slid overall by six spots to almost the bottom in Consumer Reports magazine’s annual reliability survey. Tesla Motors’ cars are displayed at the company’s new showroom in Manhattan’s Meatpacking District in New York City, U.S., December 14,
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TOKYO (Reuters) – Philip Morris International Inc released cheaper versions of its IQOS “heat not burn” products in Japan on Tuesday as it tries to revive sales and ward off competition from other alternatives to conventional cigarettes. Philip Morris new IQOS 3 devices are displayed during a news conference by its International’s CEO Andre Calantzopoulos
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BRUSSELS/BERLIN (Reuters) – Belgium has chosen Lockheed Martin’s (LMT.N) F-35 stealth jets over the Eurofighter Typhoon to replace its aging F-16s, news agency Belga cited government sources as saying, in a move that would cement the U.S.-made war plane’s position in Europe. FILE PHOTO: U.S. Air Force F-16 Fighting Falcon and F-35 Lightning II aircraft
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SYDNEY (Reuters) – Asian share markets swung into the black on Monday as the promise of more stimulus boosted Chinese stocks for a second session and helped offset geopolitical concerns over Saudi Arabia, Italy and Brexit. People walk in front of an electronic stock quotation board outside a brokerage in Tokyo, Japan, October 15, 2018.
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TOKYO (Reuters) – The CEO of Mitsubishi UFJ Financial Group’s (8306.T) banking arm will not attend the Future Investment Initiative conference in Saudi Arabia, the group said on Sunday, joining a growing list of business executives to withdraw over concern about the death of journalist Jamal Khashoggi. FILE PHOTO: Deputy President of the Bank of
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SAN FRANCISCO (Reuters) – The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street’s rally. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,
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NEW YORK (Reuters) – Another two to three interest rate increases from the Federal Reserve will likely put U.S. borrowing costs in “neutral” territory where it is neither stimulating nor restricting economic growth, Dallas Federal Reserve President Robert Kaplan said on Friday. FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks with an attendee
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(Reuters) – Facebook Inc (FB.O) has hired former U.K. Deputy Prime Minister Nick Clegg to lead its global affairs and communications team, making him the most senior European politician ever in a leadership role in Silicon Valley. Former Liberal Democrat leader Nick Clegg speaks at a campaign event in London, Britain, May 2 2017. REUTERS/Hannah
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LONDON (Reuters) – Nestle (NESN.S) and Unilever (ULVR.L) (UNc.AS), two of the world’s biggest consumer goods makers, both reported a pick-up in quarterly sales on Thursday after getting higher prices for their products. FILE PHOTO: The Nestle Research Center is pictured in Orbe, Switzerland May 31, 2018. REUTERS/Denis Balibouse/File Photo The increased cost of oil,
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ZURICH (Reuters) – Siemens (SIEGn.DE) may have to share a multi-billion dollar deal with U.S. rival General Electric (GE.N) to improve Iraq’s energy supply system following an intervention by President Donald Trump’s administration, The Financial Times reported on Wednesday. FILE PHOTO: An electrician works on an electric switchboard of a local generator in Baghdad, December
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(Reuters) – BlackRock Inc (BLK.N) reported a better-than-expected quarterly profit on Tuesday, helped by lower taxes, but the company’s sales growth sank as investors cut risk in their portfolios. FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo GLOBAL BUSINESS WEEK AHEAD The
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WASHINGTON (Reuters) – Short-term rentals of Jackie Howard’s two-bedroom home near major tourist attractions in Washington, D.C. have helped her family pay for everything from plumbing emergencies to braces for her daughter. FILE PHOTO: The logo of Airbnb is displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei Kato/File Photo After Tuesday,
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