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Business News
Freddie Mac posts $354M loss in 1Q; no dividend payment
WASHINGTON (AP) -- Mortgage giant Freddie Mac reported a net loss of $354 million for the first quarter, mostly due to losses it sustained on the investments it uses to hedge against swings in interest rates....
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Pfizer
Pfizer easily beat Wall Street expectations as the biggest U.S. drugmaker's first-quarter net income jumped 27 percent due to higher sales, a lower tax bill and some one-time gains. The company raised its 2016 financial forecasts, citing the strong quarter and an improved business outlook....
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Profits sagged at Swiss bank UBS as clients held back
FRANKFURT, Germany (AP) -- Swiss bank UBS Group AG says first-quarter profits dropped as turbulent markets and global economic and political uncertainty deterred clients from doing business....
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Automakers report healthy April sales led by SUVs, trucks
DETROIT (AP) -- America's love of trucks and SUVs helped push most automakers to healthy sales gains last month as Ford reported record SUV sales and Nissan posted its best April ever....
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CVS Health
NEW YORK (AP) -- Specialty drugs and retail expansions boosted CVS Health's first-quarter revenue by 18.9 percent, helping to offset higher costs and push results above Wall Street expectations....
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If Ted Cruz loses in Indiana, should he drop out of the race?
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