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Moody's Corporation, which owns one of the world's largest rating agencies, reported a second quarter increase in its net profit to 376 million 200 thousand dollars from 312 million 200 thousand dollars for the same period last year. Adjusted earnings were 2 dollars 4 cents per share, while analysts had predicted 1 dollar 89 cents per share. Revenue amounted to 1 billion 180 million dollars, increased by 17% in annual terms. Analysts had expected the figure at the level of 1 billion 150 million dollars. The credit rating division increased its revenue by 10%, the unit engaged in data analysis and market research, increased the figure by 35%.
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
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