While reporting financial results for the second quarter on Friday, integrated payments company American Express Co. (AXP) raised its earnings guidance for the full-year 2024, while maintaining annual revenue growth outlook. For fiscal 2024, the company now projects earnings in a range of $13.30 to $13.80 per share, up from the prior forecast range of...
Shares of tech major Microsoft Corp. were losing around 2 percent and cybersecurity company Crowdstrike were down 12 percent in the pre-market trading on the Nasdaq following global outage that hit millions around the world. Microsoft Windows users across the world are facing severe outage as they get the Blue Screen of Death or BSOD...
Falling commodity prices, concerns about global economic growth, and the likely impact of a global tech outage that has hit services from airlines, banks and financial services are likely to render the mood a bit bearish on Bay Street Friday morning. Investors will also be reacting to Canadian retail sales, producer prices data. Data on...
Otis Worldwide Corp. (OTIS) announced Friday the appointment of Cristina Mendez as Executive Vice President & Chief Financial Officer, reporting directly to Otis Chair, CEO and President, Judy Marks. Effective August 23, Mendez will succeed Anurag Maheshwari, who is pursuing an opportunity outside Otis. Mendez currently serves as Senior Vice President, Finance EMEA & Transformation,...
The China stock market on Wednesday wrote a finish to the four-day winning streak in which it had advanced more than 35 points or 1.2 percent. The Shanghai Composite Index now sits just above the 2,960-point plateau and the losses may accelerate on Thursday. The global forecast for the Asian markets suggests consolidation, especially among...
The Hong Kong stock market on Wednesday ended the two-day slide in which it had tumbled almost 550 points or 3 percent. The Hang Seng Index now rests just beneath the 17,740-point plateau although it\'s likely to turn lower again on Thursday. The global forecast for the Asian markets suggests consolidation, especially among the technology...
European stocks edged higher on Thursday ahead of the monetary policy announcement from the European Central Bank (ECB) later in the day. Markets expect the ECB to keep its key rates on hold after cutting the rates for the first time in five years in June. The main refinancing rate was lowered by 25 basis...
Shares of ABB Ltd. were losing around 6 percent in the morning trading in Switzerland after the Swiss engineering company on Thursday reported weak orders in its second quarter, even as profit and revenues were higher on solid demand. Looking ahead for the third quarter, the company projects sequentially higher growth rate in comparable revenues,...
Indian shares recovered from initial weakness to reach record high levels on Thursday, with information technology stocks leading the surge. The 30-share BSE Sensex ended the session up 627 points, or 0.78 percent, at 81,343, after having hit a record high of 81,522 in intraday trade. The broader NSE Nifty index ended up 188 points,...
Insteel Industries Inc. (IIIN) announced Thursday that net income for the third quarter declined to $6.57 million or $0.34 per share from $10.57 million or $0.54 per share in the prior-year quarter. Net sales for the quarter decreased 12.0 percent to $145.78 million from $165.71 million in the same quarter last year.