Puerto Rico's long-running bankruptcy could cross the finish line by the end of the year under a schedule proposed by the U.S. commonwealth's federally created financial oversight board, according to a court filing on Monday.
(RTTNews) - The South Korea stock market has finished lower in back-to-back sessions, sliding more than 25 points or 1.1 percent along the way. The KOSPI now rests just above the 2,200-point plateau although it figures to bounce higher again on Tuesday.
Australia's Cochlear Ltd cut its full-year underlying profit forecast on Tuesday, citing an anticipated drop in demand for its hearing implants as hospitals in China defer surgeries due to the coronavirus outbreak.
Brazil's largest lender, Itau Unibanco Holding SA, reported profit on Monday that met analysts' estimate, mainly on consumer credit growth and fees from investment banking and fund management.
Canada may have to delay a decision on whether to approve a massive new oilsands mine because some indigenous people have not been consulted adequately, an influential aboriginal band is suggesting.
The U.S. Transportation Department's Office of Inspector General said on Monday it will audit Federal Aviation Administration pilot training requirements for U.S. and foreign air carriers after two deadly crashes of Boeing's 737 MAX.
(RTTNews) - Volvo Car AB and Geely Automobile Holdings Limited Monday announced that they are considering to combine their businesses.
The combination would preserve the distinct identity of each of the brands Volvo, Geely, Lynk & Co and Polestar, the company said.
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Caterpillar reopened most of its facilities in China on Monday after getting the go-ahead from the local government following the coronavirus outbreak, the company said.
(RTTNews) - Despite a slightly uncertain start and a subsequent long sluggish spell, the Canadian stock market ended on a firm note on Monday, riding on gains in information technology, materials and consumer discretionary stocks.
Molina (MOH) came out with quarterly earnings of $2.73 per share, beating the Zacks Consensus Estimate of $2.62 per share. This compares to earnings of $3.88 per share a year ago. These figures are adjusted for non-recurring items.
XPO Logistics (XPO) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.
(RTTNews) - Prospect Capital Corp. (PSEC) Monday reported second-quarter net loss of $11.2 million or $0.03 per share, narrower than $67.4 million or $0.18 per share reported last year.
Australian investment bank Macquarie Group said on Tuesday profit from its funds management business in the third quarter rose, but reaffirmed that annual results would be "slightly down" compared with a year earlier.
(RTTNews) - MercadoLibre, Inc. (MELI) reported a fourth-quarter loss per share of $1.11 compared to a loss per share of $0.05, prior year. The company noted that the loss was due to the investment in marketing, which accounted for $146.6 million.
Slack Technologies Inc said it was not updating its forecasts for the fourth quarter and fiscal year ending in January, responding to a report of a major licensing deal with International Business Machines Corp for its workplace messaging app.
Australian insurer Suncorp Group Ltd said on Tuesday its first-half underlying profit dipped 6%, hurt by weaker performance of its insurance business owing to higher natural hazard costs.
(RTTNews) - STERIS plc (STE) Monday reported third-quarter net income of $104.9 million or $1.23 per share, up from $47.9 million or $0.56 per share last year.
(RTTNews) - Albany International Corp. (AIN) Monday reported fourth-quarter profit of $29.1 million or $0.90 per share, compared to $17.6 million or $0.55 per share last year.
(RTTNews) - Callaway Golf Company (ELY) estimates 2020 earnings per share of $0.82 - $0.94. The company estimates 2020 adjusted EBITDA of $190 - $205 million. Full year 2020 net sales are projected to rise approximately 3% - 5%. The company noted that the outbreak of the coronav
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