Tag: business

Caterpillar Just Gave a Huge Vote of Confidence to the Global Economy

First-quarter profit ‘will be the high watermark for year’ Stock rose earlier after machinery maker raised 2018 forecast Caterpillar Inc. began the day euphorically, with shares rallying as the machinery giant beat earnings estimates and raised its own forecast. That all changed when management signaled the first quarter might be as good as it gets. In …

Frackers Preach Patience on Payoff From $70 Oil, Growth in Shale

The world’s biggest oilfield service companies have a message for investors: There’s a payoff for patience. While first-quarter earnings were less than exciting, Halliburton Co., the fracking king, said it sees a return to the 20 percent profit margins last seen before the downturn. Their optimism comes as oil prices drive toward $70 a barrel in …

Everything Is for Sale in Cyprus, and Chinas Buying

increasingly assertive global powerhouse of 1.4 billion people, the other an island nation of 1.2 million that boasts a strategic location and a reputation for a no-questions-asked approach to financial affairs. That makes for a compelling match as China seeks to expand its footprint inside the European Union. “We have investments right across all sectors of the …

Walmart Is Close to $12 Billion-Plus Deal for Flipkart

Flipkart Online Services Pvt are now on board with the Walmart purchase, after an earlier debate over an Amazon.com Inc. acquisition, said the people, asking not to be named because the matter is private. Tiger Global Management will sell nearly all its 20 percent stake in Flipkart, while big potential prize after the U.S. and China, …

Azeri ruling families linked to secret investments via Maltese bank

Presidents children among beneficiaries of multimillion-pound global investments by networks of companies Azerbaijans ruling families are the alleged beneficiaries of dozens of anonymously owned companies that have been used to invest in property, hotels and businesses in Europe, according to an investigation by allegedly operated for the benefit of the children of Ilham Aliyev, Azerbaijans president, …

McKesson’s Board Clears Itself of Fault on Opioid Oversight

Executives ‘placed great emphasis on compliance,’ panel says Almost 45,000 people died in year through July 2017, CDC says McKesson Corp. announced a $150 million settlement with the U.S. government over allegations it failed to properly oversee shipments of painkillers, a board committee cleared directors and senior executives of wrongdoing. The drug distributor’s executives “placed great …

NIO Capital Is Said Close to Completing $500 Million Auto Fund

Electric-car maker NIO, chipmaker Horizon raising more funds Companies investing in autonomous, car-sharing solutions electric-vehicle startup NIO, is close to completing the first round of its $500 million offshore fund that will put money in new automotive technologies, according to people with direct knowledge of the matter. Horizon Robotics Inc., a startup seeking to dominate a …
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