Business

Will try to catch rocket nosecone having a boat

[The live stream has ended. A replay of the mission will be available above.] SpaceX launched its 14th mission of the year on Wednesday morning through California, putting the seventh batch of Iridium NEXT satellites into orbit using a Falcon 9 rocket. The rocket liftoff through Vandenberg Air Force Base through heavy fog at 7:39 a.m. ET. The first stage ...

Read More »

KO, GM, BA, FCAU, UPS & more

Check out the companies producing headlines before the bell: Coca-Cola – The beverage giant reported adjusted quarterly profit of 61 cents per share, 1 cent a share above estimates. Revenue also came in above forecasts. Global organic revenue growth did beat estimates, although North America saw an unexpected decline. General Motors – The automaker earned $1.81 per share for the ...

Read More »

Roche raises outlook for 2018 as completely new drugs gain traction

Gianluca Colla | Bloomberg | Getty Images The headquarters of Roche AG in Basel, Switzerland. Swiss drugmaker Roche lifted its 2018 outlook on Thursday for the second time This specific year, after first-half sales along with profit easily beat analyst expectations on the strength of newer drugs including multiple sclerosis (MS) treatment Ocrevus. First-half sales rose 7 percent to 28.1 ...

Read More »

China said to quickly pull approval for brand-new Facebook venture

For Facebook, success in China was brief. Very brief. For several hours, a Chinese government database showed in which Facebook had gained approval to open a subsidiary inside eastern province of Zhejiang. Facebook said the idea could use the company to set up an innovation hub there. Then the registration disappeared in addition to references to the subsidiary were partially ...

Read More »

Company sees cost pressures by Trump’s tariffs

Coca-Cola CEO James Quincey told CNBC on Wednesday the company will be seeing cost pressures in part due to President Donald Trump’s tariffs on steel along with also aluminum. “We had to take with our bottling partners an increase [in prices] in our sparkling beverage industry within the middle of the year, which will be relatively uncommon,” Quincey said on ...

Read More »

‘WTO can be not broken,’ says WTO Director-General Roberto Azevedo

As trade tensions heat up, World Trade Organization Director-General Roberto Azevedo told CNBC, “The WTO can be not broken. The WTO can be functioning actually quite well.” Azevedo was responding to remarks by President Donald Trump’s chief economic advisor, Larry Kudlow, who said Wednesday morning in which the president’s nontraditional ways of negotiating international affairs are not to blame for ...

Read More »

Appeals court approves Remington rifle settlement 

Attorneys for Remington did not immediately respond to a request for comment. The company recently emerged through Chapter 11 bankruptcy protection as well as will be today controlled by its lenders. The reorganization plan approved by the bankruptcy court includes provisions to cover the cost of the settlement, as well as the $12.5 million in fees to the class action ...

Read More »

Chick-fil-A can be going international, opening a restaurant in Canada

Chick-fil-A can be flying across the border for the very first time. Chick-fil-A Inc. announced Wednesday in which Toronto will be home to the first franchised international Chick-fil-A restaurant, to open in 2019, in addition to also expanding by more than a dozen locations inside the area over the next 5 years. Atlanta Business Chronicle first reported on the potential ...

Read More »

Gilead CEO John Milligan to step down

Milligan will also step down via the company’s board at the end of the year. Additionally, John Martin, chairman of the board, said he would likely depart once a brand new CEO is actually named. Also on Wednesday, Gilead reported a lower quarterly profit, as sales of its hepatitis C drugs continued to slide due to cost competition as well ...

Read More »