GM Halts Venezuela Production as Plant Seized
The seizure of GM's only Venezula factory "was granted and enforced in total disregard of [GM's] right to due process," the company says.
J&J Posts $17.7B in Revenue, Misses Estimates
Tepid growth in pharmaceuticals and consumer products held back first-quarter sales but the company is still confident it will meet its full-year guidance.
Cardinal Health Buys Medtronic Units for $6B
The deal will expand Cardinal's medical products business but its shares dropped 11.5% on updated guidance for fiscal 2017.
Trading Revenue Drop Hurts Goldman Profit
“We underperformed this quarter,” new CFO R. Martin Chavez says as the firm reports its first earnings miss since the fourth quarter of 2015.
MoneyGram Accepts Revised Offer From Ant
Alibaba's financial services affiliate raised its bid to $1.2 billion, apparently beating out rival suitor Euronet.
Cloudera IPO Comes in Below Private Valuation
The enterprise software firm would have a market cap between $2.2 billion and $2.4 billion — compared to the $4.1 billion valuation it received in 2014.
Wells Fargo Earnings Hit by Accounts Scandal
The bank reported net income was flat at $5.5 billion for the first quarter while revenue fell to $22 billion from $22.6 billion a year earlier.
Citi Earnings Beat Estimates With 17% Gain
“The momentum we saw across many of our businesses towards the end of last year carried into the first quarter," CEO Michael Corbat says.
Loews Buys Packaging Company for $1.2 Billion
The acquisition of Consolidated Container puts Loews in an industry that "we believe is unlikely to be subject to major technological disruption."
Supervalu Buys Unified to Expand Wholesaling
Unified Grocers gives Supervalu a significant West Coast presence as it continues its shift away from retailing.
Toshiba Issues ‘Going Concern’ Warning
The company's auditor refuses to certify its Q3 results in “a highly unusual signal of doubt about [its] ability to recover its financial health."