Business

Gianluca Colla | Bloomberg | Getty Images The headquarters of Roche AG in Basel, Switzerland. Swiss drugmaker Roche lifted its 2018 outlook on Thursday for the second time this year, after first-half sales and profit easily beat analyst expectations on the strength of newer drugs including multiple sclerosis (MS) treatment …

Victor J. Blue/ | Bloomberg | Getty Images John Milligan, CEO of Gilead Gilead Sciences announced Wednesday that John Milligan will step down as president and chief executive officer after 28 years with the company. Milligan will remain in his current position through the end of the year while the …

Mike Fuentes | Bloomberg | Getty Images Lockheed Martin Corp.’s F-35 jet in Fort Worth, Texas. Lockheed Martin raised its 2018 forecast on Tuesday as it reported second-quarter earnings, which beat Wall Street expectations. Lockheed Martin reported earnings of $4.05 per share, ahead of $3.92 per share forecast by analysts …

Matthew Lloyd | Bloomberg | Getty Images Michael O’Leary, chief executive officer of Ryanair Holdings Plc Ryanair’s chief executive, Michael O’Leary, said Europe’s airways are “near meltdown” and called on France to allow aircraft to fly above the country during strikes. “When Greece and Italy have ATC strikes, overflights continue …

Michael Nagle | Bloomberg | Getty Images Traders work beneath monitors displaying Eli Lilly & Co. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, May 23, 2016. Shares of Eli Lilly surged 5 percent Tuesday after the pharmaceutical company surpassed second-quarter …

Rich Clement | Bloomberg | Getty Images Timothy J. Mayopoulos, president and chief executive officer of Fannie Mae. Fannie Mae announced Monday that CEO Timothy Mayopoulos will step down from his role by the end of the year. The company said Mayopoulos will remain in his role until he leaves …

Brent Lewin | Bloomberg | Getty Images State Street Financial Center building, which houses the company’s headquarters, in Boston, Massachusetts. State Street shares dropped 7 percent on Friday, on track for their worst day in two years, after the bank announced it will suspend a share buyback to acquire Charles …

General Electric sees strength in all its businesses excluding power, chief financial officer Jamie Miller told CNBC’s Morgan Brennan after GE reported second-quarter earnings Friday. Miller says the company is very focused on the struggling power business, as order softness has continued in the sector. GE reported profits in its …

General Electric said second-quarter earnings per share fell 30 percent from last year because of weakness in its power division. Shares, however, rose 1 percent in early trading as profit managed to top Wall Street expectations. GE also reaffirmed its financial outlook for the year, saying it continues to expect …

Goldman Sachs downgraded its rating on Clorox shares to sell from neutral on Wednesday, casting doubt over the company’s ability to perform through the fourth quarter of this year. “We see unsustainably high relative valuation for Clorox … compounded by” risk to its earnings, Goldman Sachs wrote in a note …