Archives

Powered by CMS Forex
free counters

Ex-Obama administration official in exclusive talks with Weinstein Co: source

(Reuters) – The Weinstein Company has entered into exclusive negotiations to sell the studio with a group of investors led by former Obama administration official Maria Contreras-Sweet, a source familiar with the matter said on Tuesday.

Job creator, or job killer? Trump angers solar installers with panel tariff

WASHINGTON/LOS ANGELES (Reuters) – U.S. President Donald Trump signed into law a steep tariff on imported solar panels on Tuesday, a move billed as a way to protect American jobs but which the solar industry said would lead to thousands of layoffs and raise consumer prices.

Asia shares surf global growth wave, dollar sinks

SYDNEY (Reuters) – Asian shares scaled record peaks on Wednesday as strong corporate earnings and optimism on global growth outweighed concerns over trade tensions, while a fresh burst of speculative selling took the U.S. dollar to three-year lows.

Texas Instruments’ revenue growth slowdown rattles investors

(Reuters) – Texas Instruments Inc on Tuesday posted the slowest revenue growth in four quarters on softer demand for its chips used in communications equipment, disappointing investors who expected sales for automotive chips to drive strong results.

SEC says Rio Tinto, ex-CEO, ex-CFO must face fraud case

NEW YORK (Reuters) – The top U.S. securities regulator on Tuesday rejected arguments by Rio Tinto Plc and two former top executives that its civil lawsuit claiming they concealed the plunging value of coal assets owned by the big Anglo-Australian mining company should be dismissed.

JPMorgan sees brick-and-mortar branches pivotal to U.S. expansion

NEW YORK (Reuters) – JPMorgan Chase & Co sees brick-and-mortar banking as essential to expanding into more than a dozen markets over five years, even though customers do 80 percent of their transactions online or at ATMs, a bank executive said on Tuesday.

United Air shares tumble as it vows to match low fares, expand capacity

NEW YORK (Reuters) – United Continental Holdings Inc shares fell more than 6 percent in after-hours trading on Tuesday as the airline said it plans to increase capacity, likely threatening its profit margin as it is locked in a price war with low-cost carriers.

Facebook buys Boston software company that authenticates IDs

NEW YORK/SAN FRANCISCO (Reuters) – Facebook Inc is buying a software firm that specializes in authenticating government-issued identification cards, the two companies said on Tuesday, a step that may help the social media company learn more about the people who buy ads on its network.

SandRidge rebuffs Icahn, boosting ruckus over shale firm’s fate

(Reuters) – U.S. shale oil producer SandRidge Energy Inc rejected demands from activist investor Carl Icahn on Tuesday to replace two of its board members and amend its bylaws, saying any changes should be approved by a majority of shareholders.

NAFTA negotiators open key round of talks amid upbeat signs

MONTREAL (Reuters) – Officials opened a key round of negotiations to modernize NAFTA on Tuesday amidst optimistic signs, as U.S. President Donald Trump said the talks were going “pretty well” and Canada’s chief negotiator said he had high hopes for progress.

United Airlines profit up on higher fares, last-minute purchases

NEW YORK (Reuters) – United Continental Holdings Inc reported a greater-than-expected jump in quarterly profit on Tuesday, helped by higher fares and more last-minute ticket purchases.

Netflix lifts S&P, Nasdaq; J&J, Procter hold Dow in check

NEW YORK (Reuters) – U.S. stocks advanced on Tuesday, as strong results from Netflix helped lift the S&P and Nasdaq Composite, but the Dow Industrials were hemmed in by declines in Johnson & Johnson and Procter & Gamble.

Texas Instruments fails to beat earnings estimates, shares fall

(Reuters) – Chipmaker Texas Instruments Inc’s fourth-quarter earnings failed to exceed Wall Street expectations after several quarters of better-than-expected results, sending its shares down 5 percent on Tuesday.

NAFTA negotiators open key round of talks; Trump cites progress

MONTREAL (Reuters) – U.S., Canadian and Mexican officials opened a key round of negotiations to modernize NAFTA on Tuesday as President Donald Trump, who has regularly threatened to quit the trade pact, said the talks were going “pretty well.”

Facebook buys Boston software company that authenticates IDs: source

NEW YORK/SAN FRANCISCO (Reuters) – Facebook Inc is buying Boston-based software company Confirm Inc, which specializes in authenticating government-issued identification cards, a person familiar with the acquisition said on Tuesday.

Texas Instruments’ profit dips 67 percent on tax expense

(Reuters) – Chipmaker Texas Instruments Inc’s fourth-quarter profit slumped about 67 percent due to tax-related expenses resulting from new U.S. tax laws.

Aetna is fined by New York for leaking members’ HIV status

NEW YORK (Reuters) – Aetna Inc will pay a $1.15 million civil fine and improve its privacy practices to settle charges that it leaked the HIV-positive status of 2,460 New York members in a mailing where it used envelopes with large transparent windows.

Qualcomm set to be fined by EU antitrust regulators: FT

(Reuters) – The European Union is set to fine U.S. chipmaker Qualcomm Inc for taking advantage of its dominance when it paid Apple Inc to use its chips exclusively in Apple mobile devices, The Financial Times reported on Tuesday.

Trump signs solar panel tariff, angering U.S. installers

WASHINGTON/LOS ANGELES (Reuters) – U.S. President Donald Trump signed into law a steep tariff on imported solar panels on Tuesday, a move billed as a way to protect American jobs but which the solar industry said would lead to thousands of layoffs and raise consumer prices.

S&P, Nasdaq get Netflix boost; Dow dragged by J&J, Procter

NEW YORK (Reuters) – U.S. stocks advanced on Tuesday, as strong results from Netflix helped lift the S&P and Nasdaq Composite, but declines in Johnson & Johnson and Procter & Gamble kept the Dow Industrials in check.

Trump slaps steep tariffs on washing machines, solar products

WASHINGTON (Reuters) – U.S. President Donald Trump signed an executive order on Tuesday imposing steep import tariffs on washing machines and solar panels, saying the move showed the United States would not be taken advantage of anymore.

New York City sues drug companies over opioid epidemic

NEW YORK (Reuters) – New York City on Tuesday sued eight companies that make or distribute prescription opioids, blaming them for fuelling a deadly epidemic afflicting the most populous U.S. city.

BMW and Daimler close to merging car-sharing units: executive

BERLIN (Reuters) – German carmakers Daimler and BMW are close to agreeing to combine their car-sharing services Car2Go and DriveNow, a senior executive at one of the carmakers told Reuters on Tuesday.

J&J takes $13.6 billion charge related to new U.S. tax law

(Reuters) – Healthcare conglomerate Johnson & Johnson on Tuesday took a $13.6-billion charge related to the new U.S. tax law and plans to bring back billions of dollars from overseas immediately.

U.S. appeals court decertifies class action in Hyundai fuel economy settlement

NEW YORK (Reuters) – A U.S. appeals court on Tuesday overturned a lower court’s decision to grant class certification to car owners who settled with Hyundai Motors and its Kia affiliate over the fuel efficiency of its vehicles.

Trump’s pick to head FDIC vows to address non-bank licenses ‘hold-up’

WASHINGTON (Reuters) – President Donald Trump’s pick to lead a key U.S. banking regulator vowed on Tuesday to address the “hold-up” in issuance of special lending licenses, potentially paving the way for companies like Wal-Mart Stores and fintech firms to enter the banking sector.

NYSE sees no need to ‘bend over backwards’ to woo Aramco IPO

DAVOS, Switzerland (Reuters) – The New York Stock Exchange took a swipe on Tuesday at its London rival in their battle to attract the foreign listing of shares in oil giant Saudi Aramco, saying it didn’t need to “bend over backwards” to lure what could be the world’s biggest IPO.

Crunch time for NAFTA as negotiators open Montreal round of talks

MONTREAL (Reuters) – U.S., Canadian and Mexican negotiators opened a key week-long round of talks to modernize NAFTA on Tuesday amid persistent concerns the Trump administration is preparing to walk away from the trade deal, a move that could roil financial markets.

P&G second quarter beats, but margins worry investors

(Reuters) – The world’s largest consumer goods maker Procter & Gamble Co reported better-than-expected sales and profit for its second quarter on Tuesday, but investors focused on a drop in gross margins, sending its shares down 2 percent.

S&P, Nasdaq lifted by strong earnings from Netflix

(Reuters) – The S&P and the Nasdaq rose on Tuesday as upbeat earnings from Netflix spurred gains for the highly-valued technology sector, while the Dow came under pressure from declines in Johnson & Johnson and Procter & Gamble.

FDIC nominee says will address “hold-up” in non-bank licenses

WASHINGTON (Reuters) – President Donald Trump’s pick to lead one of the country’s key banking regulators said on Tuesday she would move to address the “hold-up” in the issuance of a special license that would potentially allow non-banks such as fintech firms to enter the sector.

Trump slaps steep U.S. tariffs on imported washers, solar panels

WASHINGTON/LOS ANGELES (Reuters) – U.S. President Donald Trump slapped steep tariffs on imported washing machines and solar panels on Monday, giving a boost to Whirlpool Corp and dealing a setback to the renewable energy industry in the first of several potential trade restrictions.

JPMorgan rolls out $20 billion investment plan after tax gains

(Reuters) – JPMorgan Chase & Co unveiled a $20 billion investment plan on Tuesday to hike wages, hire more, open new branches and expand its business as it takes advantage of sweeping changes to the U.S. tax law and a more favorable regulatory environment.

Wal-Mart may have to unload stake in Brazilian unit at discount

SAO PAULO/NEW YORK (Reuters) – Wal-Mart Stores Inc is looking to sell part of its operations in Brazil, where it has struggled for a decade, yet missteps by the U.S. retail giant have narrowed the field of potential buyers and could lower the value of any deal.

Wall Street edges higher on strong earnings

(Reuters) – Wall Street’s main indexes were higher in morning trading on Tuesday as upbeat results from Netflix, Travelers outweighed concerns of the potential impact of President Donald Trump’s decision to impose steep import tariffs.

Kimberly-Clark to cut workforce by 12-13 percent, shut facilities

(Reuters) – Kleenex and Huggies maker Kimberly-Clark Corp said on Tuesday it expects to eliminate 5,000-5,500 jobs, or 12-13 percent of its workforce, as part of its global restructuring program.

P&G profit falls on beauty brands sale, tax charge

(Reuters) – Procter & Gamble Co reported a 68 percent drop in quarterly profit on Tuesday, due to the sale of a chunk of its beauty brands to Coty Inc last fiscal year and a charge related to the recent U.S. tax overhaul.

J&J reports quarterly loss on $13.6 billion tax charge

(Reuters) – Johnson & Johnson reported a quarterly loss due to a $13.6 billion charge related to the new U.S. tax law, but beat adjusted quarterly profit estimate on strong demand for new cancer drugs and gains from its Actelion acquisition.

Apple launches HomePod voice speaker, taking on Google, Amazon

(Reuters) – After missing the critical holiday shopping season, Apple Inc has jumped into the voice speaker wars with the HomePod smart speaker, a device that will use its Siri voice assistant and compete against offerings from Amazon.com Inc and Alphabet Inc’s Google.

UK regulator puts hurdle in path of Murdoch’s $15.7 billion Sky deal

LONDON (Reuters) – Rupert Murdoch’s $15.7 billion takeover of European broadcaster Sky should be blocked unless a way is found to prevent the media tycoon from influencing the network’s news output, Britain’s competition regulator said.

Kimberly-Clark to cut workforce by 12-13 percent

(Reuters) – Kimberly-Clark Corp said on Tuesday it expects to eliminate 5,000-5,500 jobs, or 12-13 percent of its workforce, as part of its global restructuring program.

Wall Street set for sedate start as trade concerns loom

(Reuters) – Wall Street was poised to open little changed on Tuesday as U.S. President Donald Trump’s move to impose steep import tariffs raised concerns that such measures could prompt retaliation and weigh on a revival in international trade.

JPMorgan rolls out $20 billion investment plan after tax law gains

(Reuters) – JPMorgan Chase & Co unveiled a $20 billion investment plan on Tuesday to increase wages, hire more, open new branches and expand its business as it takes advantage of sweeping changes to the U.S. tax law and improved regulatory environment.

U.S. funding deal keep stocks bulls on the charge

LONDON (Reuters) – World stocks clocked up their 13th record high of the year on Tuesday, as relief at a temporary U.S. government funding deal boosted already sky-high confidence about global growth and corporate earnings.

Verizon quarterly profit jumps, helped by tax reform

NEW YORK (Reuters) – Verizon Communications Inc on Tuesday reported quarterly revenue that exceeded analyst estimates as phone subscribers grew while tax cuts helped its profits soar, boosting its shares in premarket trading.