Equipment Leasing Small Business News + More With Pen Plan, China Etches Nationalist Economic Policy + MORE 01/31/2017

Pfizer Revenue Falls

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Pfizer Inc. on Tuesday said revenue declined in its latest quarter, and the company gave an outlook for full-year revenue below Wall Street’s expectations.

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Nintendo said its smartphone game “Super Mario Run” has brought in more than $50 million since going on sale in December, a performance analysts said was better than expected, although Nintendo’s chief executive wasn’t satisfied.

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The union representing U.S. flight attendants has criticized President Donald Trump’s new travel restrictions on seven countries hours after the world’s largest airline lobby group also voiced misgivings with Friday’s executive action.

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After 26 straight quarters of at least 20% revenue growth, Under Armour reported that sales increased just 12% in the holiday quarter and revenue would rise much less than expected this year.

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Several of Arconic’s biggest shareholders are pressing the company to oust Chief Executive Klaus Kleinfeld, less than three months after he separated the parts maker from aluminum giant Alcoa.

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A Job-Hopping Generation Has Second Thoughts

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An undercurrent of pessimism may be contributing to millennials’ growing reluctance to leave their jobs, a survey finds. The share of young professionals who said they expect to remain at their current job for more than five years increased 4 percentage points, from 27% to 31%.

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China achieves ability to mass produce ballpoint-pen nibs, allowing it to start mass manufacturing whole pens without any imports—a point of pride.

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Exxon Profit Tumbles on Charge; Revenue Rises

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Exxon Mobil was forced to write down the value of more than $2 billion in U.S. assets, an extremely rare step for the company, as it reported sharply lower fourth-quarter earnings.

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Since regulators blocked the service in 2009, CEO Mark Zuckerberg has hired well-connected executives, developed censorship tools and taken a “smog jog” in Beijing—but the company has made no visible headway.

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Coach Earnings Rise, but Sales Forecast Eases

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Coach Inc. said earnings and revenue rose in the most recent quarter as the retailer pulled back from its struggling North American wholesale business.

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