AbbVie Inc on Friday forecast 2020 earnings above Wall Street estimates as the drugmaker expects growth to be powered by its new treatments for psoriasis and rheumatoid arthritis at a time when sales of its blockbuster drug Humira slow.
Societe Generale studied the impact on companies following an ESG high controversy event, finding that stocks typically underperformed by 12% over the following two years.
U.S. interest in Ericsson is logical given that it is one of only a few companies offering a complete portfolio for the rollout of super-fast 5G mobile telecoms networks, Sweden's Minister for Energy and Digital Development said on Friday.
U.S. stock index futures retreated on Friday following a four-day run this week that lifted the Wall Street's main indexes to record highs, with attention turning to the crucial monthly jobs report.
Credit Suisse Chief Executive Tidjane Thiam has quit after a power struggle with Chairman Urs Rohner at Switzerland's second-biggest bank, triggered by a damaging spying scandal.
The luxury goods industry normally relishes the spotlight, but in the case of China's coronavirus it is ruing being one of the most globally exposed sectors to an epidemic that risks all-but wiping out its sales growth this year.
Credit Suisse Chairman Urs Rohner said many shareholders have backed the board following the departure of Chief Executive Tidjane Thiam in the fallout from a spying scandal.
U.S. stock index futures extended losses on Friday after the Labor Department revised some past employment numbers lower, suggesting job growth could significantly slow this year.
U.S. job growth accelerated in January, with unseasonably mild temperatures boosting hiring in weather-sensitive sectors, indicating the economy will probably continue to grow moderately despite a deepening slump in business investment.
Social Security is already a heated topic among the 2020 presidential candidates, many of whom are already eligible for retirement benefits themselves. Here's how those claiming decisions are poised to change from the tack members of elder generations, like Sen. Bernie Sanders, take to how younger candidates, such as Pete Buttigieg, may behave.
Credit Suisse's incoming chief executive, Thomas Gottstein, plans to stick Switzerland's second-biggest bank on a growth offensive following predecessor Tidjane Thiam's cost-cutting exercise, he told Reuters on Friday.
Spirit AeroSystems Inc, Boeing Co's largest supplier, said on Friday it would slash its quarterly dividend to just 1 cent per share as it grapples with the grounding of the planemaker's 737 MAX jets.
Nagging coronavirus worries took a swipe at world markets on Friday but failed to stand in the way of the best week for stocks since June and the strongest for the dollar since August.
Swiss markets watchdog FINMA is still examining corporate governance issues at Credit Suisse after Chief Executive Tidjane Thiam resigned amid a scandal over surveillance of managers, the agency said on Friday.
One downside to being your own boss is having to figure out company plan benefits, like a retirement account. Here's how to choose a way to save for retirement when you're on your own.