Merck (MRK) Q3 earnings report 2023
Merck headquarters in Rahway, New Jersey, on Tuesday, April 18, 2023. Christopher Occhicone | Bloomberg | Getty Images Merck on Thursday reported third-quarter revenue and adjusted earnings that topped expectations on strong sales of its blockbuster cancer drug Keytruda, HPV vaccine Gardasil and surprisingly, its Covid drug Lagevrio. The pharmaceutical giant also increased its full-year […]
Morgan Stanley says Ted Pick to succeed James Gorman as CEO
James Gorman, Morgan Stanley CEO, July 18, 2023. CNBC Morgan Stanley said Wednesday that Ted Pick will succeed James Gorman as CEO at the start of 2024. Pick, a Morgan Stanley veteran who rose through the ranks to lead the bank’s Wall Street operations, will also join the New York-based bank’s board, according to the […]
Facebook says Middle East war is hurting ad spending, and Meta’s stock falls
Shares of Meta Platforms Inc. abruptly switched course late Wednesday, going from gain to pain, in extended trading after the Facebook parent company easily topped earnings expectations but spooked Wall Street with talk of its immediate future. Meta META, -4.17% Chief Financial Officer Susan Li disclosed on Meta’s earnings call that the company has seen […]
Mattel MAT Q3 earnings: Barbie sales surge
Guests shop during a visit to the Malibu Barbie Cafe pop-up in New York City on May 17, 2023. Brendan McDermid | Reuters Call it a Barbie boost. Mattel on Wednesday said Barbie sales jumped 16% in the third quarter, riding the wave of the blockbuster movie. The “Barbie” film, released in July, is largely […]
Ford, UAW reach tentative deal to end labor strikes
United Auto Workers President Shawn Fain (right) and UAW Secretary-Treasurer Margaret Mock (left) lead a march outside Stellantis’ Ram 1500 plant in Sterling Heights, Michigan after the union called a strike at the plant on Oct. 23, 2023. Michael Wayland / CNBC DETROIT – The United Auto Workers union and Ford Motor have reached a […]
Biden asks Congress for $16 billion to reverse child-care funding ‘cliff’
The Biden-Harris Administration asked Congress for an extra $16 billion to support the childcare sector after the pandemic childcare stabilization fund expired Sept 30. The proposal was part of the emergency supplemental-funding request the administration made Wednesday, asking for around $55 billion for domestic crises. It also included funding requests for programs such as disaster […]
How it’s expanding its global reach
Nikola Jokic, #15 of the Denver Nuggets, shoots the ball against Bones Hyland, #5, and Norman Powell, #24, of the Los Angeles Clippers during the second half of a preseason game at Crypto.com Arena in Los Angeles on October 19, 2023. Kevork Djansezian | Getty Images As the National Basketball Association’s new season tips off […]
China’s Country Garden determined to have defaulted on a dollar bond, say media reports
Troubled Chinese property developer Country Garden Holdings Co. 2007, -2.82% has been declared in default on a dollar bond, missing a $15.4 million interest payment that was due following the expiration of a grace period, Bloomberg and other media outlets reported Wednesday. The report cited a notice to holders of trustee Citicorp International Ltd. that […]
IMAX earnings Q3 2023: Oppenheimer drives profit
Christopher Nolan’s “Oppenheimer” movie billboard is seen in Katowice, Poland, on July 20, 2023. Beata Zawrzel | Nurphoto | Getty Images IMAX on Wednesday posted third-quarter earnings showing its second highest-grossing quarter ever at the global box office, led by Universal’s “Oppenheimer.” Shares of the company slipped slightly. Here’s how the company performed in the […]
Boeing (BA) earnings Q3 2023
Boeing’s new 737 MAX-9 is pictured under construction at their production facility in Renton, Washington, U.S., Feb. 13, 2017. Jason Redmond/Reuters Boeing said Wednesday it will deliver fewer 737 Max aircraft than it expected this year as it works through production flaws detected on some of the best-selling aircraft. The company expects to hand over […]
