Business

PepsiCo will report fourth-quarter earnings before the bell Friday. Here’s what Wall Street is expecting, according to a survey of analysts by Refinitiv: Earnings: $1.49 per share Revenue: $19.52 billion Shares of rival Coca-Cola fell Thursday after the company gave weaker-than-expected earnings outlook for 2019, citing headwinds from currency, Fed rate hikes and changing tax
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Pharmaceutical giant Pfizer holds a lead in the erectile dysfunction market even as competition from generics erodes sales of its once-blockbuster male libido treatment, Viagra. The medication, originally developed with the intention to treat high blood pressure in adults, became a hit for males struggling in the bedroom and the New York-based drugmaker when it
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Dutch paint maker Akzo Nobel on Wednesday posted flat fourth-quarter core earnings of 240 million euros ($272 million), but marginally beat expectations, and said it expected pressure from rising raw material costs to ease in 2019. Analysts polled by Reuters had expected earnings before interest, taxes, depreciation and amortisation (EBITDA) for the three months ended
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LOS ANGELES — In his first state of the state address on Tuesday, California Gov. Gavin Newsom proposed “a new data dividend” that could potentially allow residents to get paid for providing access to their data. “California’s consumers should also be able to share in the wealth that is created from their data,” Newsom said,
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What do Sen. Kamala Harris, Toyota, Charles Schwab and Jordan Peele’s new movie “Up” all have in common? They all turned to Reddit to deploy ad campaigns and connect with consumers. The social network’s growth in popularity with a broad range of advertisers has attracted new investors and is driving up its valuation. The company
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Ranchers, farmers and industry groups are trying to slowing the momentum of popular products like the Impossible Burger, according to The New York Times — by defending the definition of the word “meat.” According to the report, the animal products lobby is moving to convince state lawmakers to implement legislation that makes clear that only
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Apple on Thursday threatened to remove applications from the App Store if they record users’ actions without their explicit permission. Earlier this week, TechCrunch reported that iPhone apps from Expedia, Air Canada and Hollister were using “session replay” software from a company named Glassbox that allowed them to record a user’s actions, such as screen
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The U.S. military is more interested than ever before in stepping up investment in space startups, especially with the number of private companies building small rockets. Last month, Virgin Group founder Sir Richard Branson met with Air Force leadership to discuss the capabilities of Branson’s small rocket builder, Virgin Orbit. The meeting between Branson and
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Philip Morris International on Thursday reported quarterly earnings and revenue that beat analysts’ expectations. Shares of the company rose 4 percent in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.25, adjusted, vs. $1.16 expected Revenue: $7.5 billion
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Hoping to increase the appeal of their battery-electric vehicles, automakers have begun rolling out an assortment of “long-range” models, such as the Tesla Model 3, Chevrolet Bolt EV, Jaguar I-Pace and Nissan Leaf Plus. Under ideal conditions, these products can deliver more than 200 miles per charge and, in some cases, even 300. But as
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On-demand delivery company Instacart announced on Wednesday that it plans to overhaul the way it pays its contracted workforce to ensure that tips do not subsidize its workers’ pay. On Monday, NBC News reported that Instacart and other delivery companies including Doordash were using customer tips to subsidize the fees the company paid to drivers
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