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Brenntag AG (BNTGF.PK) released preliminary financial results for the second quarter of 2019, and adjusted its full year outlook due to current economic developments. The Group said there was a noticeable slowdown in demand in June leading to an impact on earnings. For the second-quarter, based on...

amazon-fedup-071619.jpg Even as Amazon.com Inc. kicked off its Prime Day annual shopping event on Monday, employees are expressing their dissatisfaction with the company. This year's Prime Day, Amazon's biggest celebration of deals, kick-started officially on Monday with more than one million offers for Prime Members in select countries around the world. The 48-hour extravaganza is the longest Prime Day ever.

fda-e-cigarette-prevention-071619.jpg The U.S. Food and Drug Administration said it will continue to take steps to tackle the epidemic of youth vaping and ensure that e-cigarettes as well as other tobacco products are not marketed or sold to youth. Expressing concern about the rising use of e-cigarettes among the nation's youth, the FDA said it "stands ready" to accelerate the review of e-cigarettes and other new tobacco products.

IBM (IBM) and AT&T Inc. (T) have entered into a multi-year strategic alliance. Under the partnership, IBM will be the primary developer and cloud provider for AT&T Business's operational applications. IBM will make AT&T Business its primary provider of software defined networking. Using latest technologies...

Canadian Pacific Railway Limited (CP, CP.TO) reported that its net income for the second-quarter increased to C$724 million or C$5.17 per share from C$436 million or C$3.04 per share in the prior year. Adjusted earnings per share was C$4.30, a 36 percent increase from C$3.16 last year. Revenues...

Lear Corp. (LEA) has reduced its full year guidance and announced plan to increase the 2019 restructuring program. The company said its first-half results were negatively impacted by continued declines in industry production volumes and other macroeconomic headwinds. Also, Lear has reported preliminary...

Charles Schwab Corp. (SCHW) reported that its net income available to common stockholders for the second quarter of 2019 increased to $887 million or $0.66 per share from $813 million or $0.60 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.65 per...

CropEnergies AG said its shareholders have approved all agenda items at the annual general meeting. By a large majority, the shareholders have approved the proposal of the supervisory board and the executive board to distribute a dividend of 0.15 euros per share. Overall, 82 percent of the share capital...

telsa-july16.jpg Tesla Inc. updated pricing and options across its entire product line-up, while discontinuing the standard-range variants of the Model X sports utility vehicle as well as the Model S sedan. The Model X and Model S are now offered only in the "Long Range" and the more expensive "Performance" versions. As a result, the long-range versions of both models are now the entry-level variants.

Moody's Corp. (MCO) has agreed to sell its Moody's Analytics' Knowledge Services (MAKS) division to Equistone Partners Europe Limited. MAKS provides research and analytical support to organizations through its delivery centers in India, Costa Rica, Sri Lanka and China. The proceeds are expected to be...

Seattle Genetics, Inc. (SGEN) and Astellas Pharma Inc. (ALPMY, ALPMY) have submitted a Biologics License Application to the U.S. FDA for the accelerated approval of Enfortumab Vedotin for patients with locally advanced or metastatic urothelial cancer. Enfortumab vedotin, an investigational antibody-drug...

Wells Fargo & Company (WFC) said its second-quarter net income was up 26% year-on-year driven by net discrete tax expense of $481 million in the second quarter of previous year. The company grew period-end loans and deposits, as well as pre-tax pre-provision profit from prior year. Revenue was flat compared...

JPMorgan Chase & Co. (JPM) reported a profit for the second quarter that increased 16 percent from last year, driven by its diversified global business model and an income tax benefit related to the resolution of certain tax audits. Both earnings per share and revenue for the quarter beat analysts' expectations. Net...

KeyCorp (KEY) said it has found out a fraudulent activity by a business customer which could result in a potential loss to company of up to $90 million, net of tax. The transactions were conducted in the third quarter of 2019 by a business customer of KeyBank National Association. KeyCorp said it is...

While reporting financial results for the second quarter, Johnson & Johnson (JNJ) on Tuesday maintained its adjusted earnings forecast for the full year 2019, while raising sales outlook. For fiscal 2019, the company maintained its outlook for adjusted earnings in the range of $8.53 to $8.63 per share....

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