United Kingdom

Debroop Roy

BlackBerry forecasts higher revenue as bets on new tech pays off

29 Mar 2019

BlackBerry Ltd beat estimates for quarterly profit and forecast fiscal 2020 revenue above analysts' expectations on Friday as its focus on fast-growing markets like autonomous cars and cybersecurity pays off, sending its shares up as much as 15 percent on Friday.

Canadian court rules in favor of Manulife in dispute with Mosten Investment

18 Mar 2019

Manulife Financial Corp said on Monday a Saskatchewan court had ruled in favor of the company in the Mosten Investment LP case, dismissing the hedge fund's claims against the Canadian insurer.

Air Canada, United Airlines say 737 MAX groundings to hurt business

15 Mar 2019

Air Canada and United Airlines on Friday became the first major carriers in North America to warn of negative impacts on business due to the grounding of Boeing Co's 737 MAX planes.

Brookfield to buy most of Oaktree to build juggernaut to rival Blackstone

14 Mar 2019

Brookfield Asset Management Inc said on Wednesday it will buy most of Oaktree Capital Management in a roughly $4.8 billion deal, creating an alternative-asset manager that will challenge the likes of industry giant Blackstone Group.

Barrick Gold ends hostile Newmont bid, signs Nevada joint venture

11 Mar 2019

Barrick Gold Corp on Monday pulled its $18 billion offer for Newmont Mining Corp and agreed to form a joint venture in Nevada with its rival, ending a hostile takeover bid that sought to unite the world's two largest gold producers.

Devon Energy beats production estimates in fourth quarter

19 Feb 2019

Oil and gas producer Devon Energy Corp beat quarterly production estimates on Tuesday on the strength of its U.S. shale assets and forecast a strong year ahead, sending its shares up 6 percent after the bell.

Mattel warns of weak 2019, shares drop most in 20 years

16 Feb 2019

Mattel Inc on Friday issued a disappointing 2019 forecast and said demand for its iconic Barbie doll was slowing, triggering an 18 percent drop in its shares, their worst day in nearly two decades. | Video

Occidental Petroleum profit beats on Permian, midstream strength

13 Feb 2019

Occidental Petroleum Corp on Tuesday reported a quarterly profit that beat analysts' estimates, but forecast lower pre-tax income sequentially for its midstream and marketing unit, sending its shares down 1.9 percent after the bell.

Hess production tops estimates on Bakken, Gulf of Mexico strength

30 Jan 2019

Oil and gas producer Hess Corp's fourth-quarter production beat Wall Street estimates on Wednesday, driven by higher output from the Bakken shale region and the Gulf of Mexico.

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