Walt Disney Co reported a steeper earnings decline than Wall Street expected on Tuesday as the company poured money into its ambitious plunge into streaming media and began folding in assets purchased from Twenty-First Century Fox.
The U.S. Food and Drug Administration said on Tuesday that some data from early testing of Novartis' more than $2 million gene therapy Zolgensma was manipulated, but the agency believes the treatment should remain on the market.
The U.S. Food and Drug Administration said on Tuesday that some data from early testing of Novartis' more than $2 million gene therapy Zolgensma was manipulated, but the agency believes the treatment should remain on the market.
Walgreens Boots Alliance Inc said on Tuesday it plans to close about 200 U.S. stores and expects to record related pre-tax charges of between $1.9 billion and $2.4 billion.
Walt Disney Co is set to launch its family-friendly streaming service, Disney+, later this year with a slate of new and classic TV shows and movies, as the company founded on theme parks and big-screen movies builds a digital entertainment business.
Walt Disney Co reported a steeper earnings decline than Wall Street expected on Tuesday as the company poured money into the streaming media business it is building to challenge Netflix.
HSBC Global Asset Management has appointed Nicolas Moreau as its new chief executive, the firm said in a statement on Tuesday, adding that he will join the $500 billion business in September.
Huawei Technologies said it was seeking compensation from its contract manufacturer Flex Ltd for illegally withholding some 400 million yuan ($57 million) worth of its goods in the wake of a U.S. trade ban on the Chinese firm.
Morgan Stanley said it made a "significant increase" in its estimates for Ford earnings over the next three years.
Vivendi is in talks to sell up to 20% of Universal Music Group (UMG) to Tencent , valuing its prized asset at around 30 billion euros ($34 billion), in an attempt to break into China's growing but tightly-controlled music market.
A rout in global markets eased on Tuesday as China kept the yuan on a tight leash after its landmark drop past 7 to the dollar led the United States to label Beijing a currency manipulator.
U.S. stock index futures signaled a bounce on Tuesday, as China stepped in to steady the yuan and investors sought beaten-down stocks, a day after Wall Street's main indexes racked up their steepest one-day percentage fall of the year.
China said it will implement a special tax policy in the Shanghai Free Trade Zone, the country's State Council or cabinet said on Tuesday.
Apple Inc rolled out its virtual credit card on Tuesday, working with bank Goldman Sachs Group Inc on the new iPhone add-on that may help Apple diversify from device sales and build out the Wall Street bank's new consumer business.
J.C. Penney Co Inc’s stock has plunged more than 70% over the past year and now trades under $1. Its first-quarter financial loss nearly doubled to $154 million.