ECB’s Lagarde Says Asset Purchases, Longterm Loans Main Tools, Warns Against Vaccine Optimism

Policymakers are set to favor asset purchases and longer term loans at cheaper rates to support the euro area economy during the crisis caused by the coronavirus, or Covid-19, pandemic, European Central Bank President Christine Lagarde hinted on Wednesday, after … Read more…

California Voters Pass Prop 22, Exempting Uber, Lyft From Reclassifying Drivers

The companies won a pivotal vote that lets them sidestep a California labor law following the costliest ballot-measure campaign in state history. WSJ.com: US Business SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card and save … Read more…

Verizon Q3 Profit Tops Estimates, Operating Revenue Down 4.1%; Raises Guidance

Verizon Communications Inc. (VZ) said the company delivered strong third quarter results with an increased cash flow, wireless service revenue growth, and the most Fios Internet net adds since fourth 2014. The company said its performance was highlighted by increases … Read more…

Amphenol Reinstates FY20 Outlook Above View; Boosts Qtly. Dividend 16% – Quick Facts

While reporting financial results for the third quarter on Wednesday, Amphenol Corp. (APH) reinstated its earnings, adjusted earnings and sales guidance for the full-year 2020, above analysts’ expectations. It also provided outlook for the fourth quarter and raised quarterly dividend … Read more…

McCormick Reinstates FY20 Outlook; Announces 2-for-1 Stock Split – Quick Facts

While reporting financial results for the third quarter on Tuesday, McCormick & Co., Inc. (MKC) reinstated its adjusted earnings and sales guidance for the full year 2020, reflecting strong business performance driven by expected sales growth. RTT – Earnings BEST … Read more…

General Mills Q1 Profit Tops Estimates, Organic Net Sales Up 10%; Raises Dividend

General Mills (GIS) reported first quarter adjusted earnings per share of $ 1.00, up 27 percent in constant currency, primarily driven by higher adjusted operating profit and higher after-tax earnings from joint ventures, partially offset by a higher adjusted effective … Read more…

Dollar General, Dollar Tree And Abercrombie Q2 Results Top View, But Tiffany Sales Miss

Dollar General Corp.(DG) reported a profit for the second quarter that increased 84.6 percent from last year, while Dollar Tree Inc.’s (DLTR) quarterly profit rose 45 percent. Abercrombie & Fitch Co. (ANF) posted net income for the second-quarter compared to … Read more…

Rio Tinto CEO to Step Down Amid Fallout Over Destruction of Ancient Rock Shelters

Rio Tinto said its chief executive would step down as it battles to contain the fallout from the destruction of two ancient rock shelters in northwestern Australia’s minerals-rich Pilbara region that were culturally significant to a local indigenous group. WSJ.com: … Read more…

After Hours Market: Sonoma Pharmaceuticals, RH, SelectQuote Gain; GameStop, Quotient Slip

Sonoma Pharmaceuticals, Inc. (SNOA) – Shares of the drug company jumped 20% in extended trading session Wednesday after the company announced launch of two new products in Australia. Sonoma and Te Arai BioFarma announced the launch of two new products … Read more…

Production Problems Spur Broad FAA Review of Boeing Dreamliner Lapses

Production problems at a Boeing 787 Dreamliner factory have prompted air-safety regulators to review quality-control lapses potentially stretching back almost a decade. The plane maker says there is no immediate safety threat. WSJ.com: US Business SPECIAL NEWS UPDATE: Click today … Read more…

SoftBank’s Bet on Tech Giants Fueled This Summer’s Powerful Market Rally

The Japanese conglomerate led by billionaire Masayoshi Son placed billions in options bets on fast-rising tech stocks. Investors say that turbocharged the sector. WSJ.com: US Business SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card and … Read more…