ADVFN Financial News : Breaking financial news, market insights, commentary & economic analysis from the world stock markets.
Bronx Warehouse's Answer to Truck Congestion: Its Own Rail LinkBy Keiko Morris The developer of a four-story warehouse in the South Bronx plans to include a freight-rail connection in the project to address trucking costs and traffic congestion associated with the e-commerce boom. Turnbridge Equities expects to break... |
Warren Buffett Found His 'Elephant' With Giant Stake in AppleBy Nicole Friedman Warren Buffett has lamented his failure in recent years to find an " elephant-sized acquisition." But, his Berkshire Hathaway Inc. has amassed a $79 billion stake in Apple Inc. since early 2016. Apple now accounts for about 14... |
Anglo American's Cost Performance in Focus at Consensus-Beating Results -- Earnings..By Adriano Marchese Anglo American PLC reported its results for 2019 on Thursday. Here's what you need to know: NET PROFIT: The company made a profit of $3.55 billion in 2019, and though it remained unchanged from the prior year, it beat the consensus... |
Global Stocks Paint Mixed Picture on Cloudy OutlookBy Avantika Chilkoti Global stocks were mixed Thursday as conflicting signals in recent days about the containment of the coronavirus outbreak and its potential economic impact subdued investor sentiment. Futures tied to the Dow Jones Industrial Average... |
News Highlights: Top Company News of the DayUBS CEO Ermotti Steps Down, ING's Hamers Named New Chief UBS Group Chief Executive Sergio Ermotti is stepping down and will be succeeded by current ING Groep boss Ralph Hamers, marking another leadership change at a major Swiss bank. Air France-KLM... |
GlaxoSmithKline Invests $50 Million in Biotech Startup's Cell-Therapy ProgramBy Carlo Martuscelli Clinical-stage biotechnology business Immatics said Thursday that GlaxoSmithKline will license two of its T-cell therapy candidates being developed to treat cancer for a $50 million upfront payment. Under the terms of the agreement... |
Telefonica Shares Tumble After Swing to 4Q Net LossBy Mauro Orru Telefonica SA's shares plunged Thursday after the company reported a net loss and a decline in revenue for the fourth quarter of 2019 following its pullout from some Latin American markets, the sale of 10 data centers and the... |
News Highlights: Top Company News of the DayUBS CEO Ermotti Steps Down, ING's Hamers Named New Chief UBS Group Chief Executive Sergio Ermotti is stepping down and will be succeeded by current ING Groep boss Ralph Hamers, marking another leadership change at a major Swiss bank. Air France-KLM... |
Daimler Reshuffles Management Structure, Creates COO RoleBy Cristina Roca Daimler AG said Thursday that it has streamlined the structure of its management board and that of its flagship car brand. The German car maker created a chief operating officer position and appointed Markus Schaefer to the role. Mr... |
Infineon to Become Carbon-Neutral by 2030By Maitane Sardon Infineon Technologies AG said Thursday that it will cut its emissions by 70% by 2025 and will become carbon-neutral by 2030, as it works toward aligning with the Paris Agreement on climate change. To achieve the targets, the German... |
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