Category Archives: News

Hasbro results dented by lingering Toys 'R' Us woes, shares drop

Toymaker Hasbro Inc missed analysts’ expectations for quarterly revenue and profit on Monday, as the demise of major retail partner Toys ‘R’ Us hurt sales

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Bombardier sues Mitsubishi jet program over trade secrets

Canadian airplane maker Bombardier Inc has sued the aircraft unit of Japan’s Mitsubishi Heavy Industries Ltd , saying former Bombardier employees passed on trade secrets

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Exclusive: CrowdStrike hires Goldman Sachs to lead IPO – sources

(This October 19 story corrects penultimate paragraph to show that Tenable shares have gained, not declined, since the company’s IPO)

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U.S. frees Prudential Financial from more rigorous Fed oversight

A U.S. regulatory council announced on Wednesday it had removed the systemically risky label from Prudential Financial , freeing the insurance company from more rigorous

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VW's Porsche expects to repeat record vehicle sales this year

Volkswagen’s Porsche sports car brand is confident it can repeat last year’s record sales in 2018, the division’s chief executive told Reuters.

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Express Scripts covers Amgen, Lilly migraine drugs, excludes Teva

Express Scripts Holding Co, one of the largest U.S. prescription benefits managers, will cover new migraine drugs from Eli Lilly and Amgen Inc, but exclude

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U.S. industrial output rises; job openings at record high

U.S. industrial production increased for a fourth straight month in September, boosted by gains in manufacturing and mining output, but momentum slowed sharply in the

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Bank of America's lagging loan growth overshadows profit gains

Bank of America Corp’s loan growth lagged rivals and fees from advising on deals and underwriting bonds fell in the third quarter, sending its share

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Embraer launches longer-range midsized private jets in turnaround push

Embraer SA is adding two longer-range business jet variants to its mid-sized Legacy line featuring revamped cabins and technology that reduces turbulence to create smoother

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U.S. draws China FX into trade dispute as IMF calls for resolution

The United States sought to make currency a central part of any solution to a bruising trade fight with China, keeping the pressure on Beijing

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