FILE PHOTO – Hunter Harrison speaks to the economic community at a business luncheon in Toronto, March 2, 2015. REUTERS/Mark Blinch (Reuters) – CSX Corp (CSX.O) said on Thursday its Chief Executive Officer Hunter Harrison was taking medical leave, an announcem... More »
FILE PHOTO: Sen. Marco Rubio (R-FL) speaks at a press conference at the Capitol Building in Washington, U.S., September 26, 2017. REUTERS/Aaron P. Bernstein WASHINGTON (Reuters) – President Donald Trump’s drive to win passage of a sweeping Republican tax bill ... More »
The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, December 6, 2017. REUTERS/Staff/Remote/File Photo LONDON (Reuters) – European stocks rallied to a week’s high on Friday as Britain and the European Union announced a ... More »
FILE PHOTO: A man walks past a factory at the Keihin industrial zone in Kawasaki, south of Tokyo, Japan, August 18, 2016. Picture taken on August 18, 2016. REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – A measure of business confidence among big Japanese ... More »
FILE PHOTO: French telecom operator Orange Chairman and Chief Executive Officer Stephane Richard attends a shareholders meeting in Paris, France, June 1, 2017. REUTERS/Charles Platiau/File Photo PARIS/LONDON (Reuters) – Orange’s boss Stephane Richard told inve... More »
FILE PHOTO: Children pass by a self-driving Chevy Bolt EV car during a media event by Cruise, GM’s autonomous car unit, in San Francisco, California, U.S. on November 28, 2017. REUTERS/Elijah Nouvelage/File Photo SAN FRANCISCO/DETROIT (Reuters) – General Motor... More »
Darren Woods, Chairman & CEO of Exxon Mobil Corporation speaks during a news conference at the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2017. REUTERS/Brendan McDermid HOUSTON (Reuters) – Exxon Mobil Corp Chief Executive Darren Woods is reorga... More »
Julius Baer (BAER.S) said CEO Boris Collardi unexpectedly resigned at the weekend to take a new role at rival Pictet Group, and appointed its top risk officer to replace him "for the foreseeable future". More »
FILE PHOTO: The logo of BMW before the company’s annual news conference in Munich, southern Germany, March 21, 2017. REUTERS/Michael Dalder/File Photo FRANKFURT (Reuters) – German carmaker BMW (BMWG.DE) will further raise its spending on research and developme... More »
FILE PHOTO: Chinese national flags are flying near a steel factory in Wu’an, Hebei province, China, February 23, 2017. REUTERS/Thomas Peter/File Photo Beijing (Reuters) – China’s industrial firms weathered a broad government crackdown on financial risks as pro... More »
FILE PHOTO: The logo of Swiss specialty chemicals company Clariant is seen at the company’s headquarters in Pratteln, Switzerland October 29, 2017. REUTERS/Arnd Wiegmann ZURICH (Reuters) – Clariant (CLN.S) on Friday rejected its largest shareholder White Tale’... More »
A logo of ThyssenKrupp AG is pictured outside the ThyssenKrupp headquarters in Essen, November 23, 2017. REUTERS/Thilo Schmuelgen ESSEN, Germany (Reuters) – Demand for next-generation lifts and car components enabled Thyssenkrupp (TKAG.DE) to report its highes... More »
An employee works inside an office of Rovio, the company which created the video game Angry Birds, in Shanghai June 20, 2012. REUTERS/Aly Song/Files HELSINKI (Reuters) – Angry Birds maker Rovio Entertainment (ROVIO.HE) fell short of market expectations for qua... More »
BARCELONA/LONDON (Reuters) – Vivendi’s Universal Music Group (UMG) could be worth more than $40 billion, Chief Executive Arnaud de Puyfontaine said on Friday, helping to buoy shares in the French media group after third-quarter results in which UMG was a highl... More »
General Electric Co's (GE.N) new Chief Executive John Flannery on Monday outlined steps that will turn the biggest U.S. industrial conglomerate into a smaller, more focused company, surprising some investors who sold the company's shares to a five-year low. More »
Tyson Foods Inc (TSN.N) is weighing new sites for a $320 million chicken slaughterhouse after opposition from residents of a small Kansas town picked for the project, the chief executive said on Monday. More »
Equifax Inc on Friday issued a fourth-quarter profit outlook that fell short of Wall Street expectations, saying the massive breach of its consumer data earlier this year would hurt sales and result in costs of $60 million to $75 million during the period. More »
Shares of Nvidia Corp (NVDA.O) are set to open at a record on Friday, after it posted stellar quarterly results powered by higher demand for graphics chips used in gaming and data centers, and the rapid adoption of its new Volta chips for AI and driverless car... More »
Department store chain J.C. Penney Co Inc (JCP.N) reported third-quarter same-store sales that were twice what it had estimated, sending its shares up 9 percent in premarket trading on Friday. More »
Investors poured a record $1.3 billion into funds managing tech shares over the past week, contrasting with a picture of ebbing inflow into world equity vehicles and losses on U.S. stock funds, Bank of America Merrill Lynch (BAML) said on Friday. More »
Equifax Inc (EFX.N) on Thursday reported lower quarterly profit, and quarterly revenue missed estimates, as the credit bureau warned that its massive data breach had prompted some customers to hold back business. More »
Singapore's DBS Group Holdings (DBSM.SI) booked an unexpected slide in quarterly profit on Monday, with income falling 23 percent to a five-year low as it nearly doubled provisions for loans to the troubled oil and gas industry. More »
Embattled Kobe Steel Ltd has decided to withdraw its forecast for the current financial year as it struggles to quantify the impact of its data falsification scandal, the Nikkei business daily reported on Monday. More »
Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker and a shareholder of Kobe Steel Ltd, is willing to provide support to Kobe if it receives any request, the president of Nippon Steel said on Monday. More »
Merck & Co (MRK.N) on Friday said quarterly sales of its Keytruda cancer immunotherapy exceeded $1 billion for the first time, but it withdrew an application for European use of the drug in lung cancer, raising questions about future sales. More »
Alphabet Inc on Thursday reported stronger-than-expected advertising sales and higher operating margins, boosting its shares as investors brushed off concerns about higher costs for acquiring mobile users. More »
Swiss specialty chemicals maker Clariant and U.S. group Huntsman abandoned their $20 billion merger on Friday, notching a win for activist investors who fought the deal for months on the grounds it would destroy shareholder value. More »
Voracious investor appetite is set to make this by far the strongest year for inflows into stocks and corporate debt, Bank of America Merrill Lynch strategists said on Friday. More »
Swiss specialty chemicals maker Clariant and Huntsman have agreed to abandon their proposed $20 billion merger, bowing to a growing number of shareholders who had joined activist investor White Tale to oppose the deal. More »
Amazon.com Inc (AMZN.O), Microsoft Corp (MSFT.O), Alphabet Corp’s (GOOGL.O) Google and Intel Corp (INTC.O) are all putting their chips on the cloud computing business, and it is booming. More »
Chinese search engine giant Baidu Inc offered a disappointing revenue outlook for the rest of the year, blaming lost advertising sales during this month's Communist Party Congress and sending its shares sliding more than 10 percent. More »
Amazon.com Inc (AMZN.O) on Thursday said its sales surged over the summer and profit trounced expectations, as shoppers jumped at "Prime Day" promotions on its website and bought groceries at its newly acquired chain of Whole Foods Market stores. More »
Giorgio Armani's succession plans include a transfer of part of his high-end fashion empire to his charitable foundation in a bid to prevent any takeovers or a break-up of the group, the designer told a newspaper. More »
Kobe Steel Ltd is considering withdrawing its earnings forecast for this fiscal year as it struggles to quantify the impact of its data falsification scandal, Kyodo reported on Monday. More »
Embattled Japanese conglomerate Toshiba Corp said on Monday it now expects to slide to a net loss of nearly $1 billion this business year after calculating taxes related to the sale of its prized chip unit. More »
Adidas has launched the first of six planned city-themed running shoe models in London as it capitalizes on its first Speedfactory, which it has opened in Germany and equipped with time-saving robotics. More »
Netflix Inc added more subscribers than expected around the world in the third quarter and projected growth in line with Wall Street forecasts, saying it had a head start on rivals as internet television explodes globally. More »
Jay Y. Lee, the billionaire heir to South Korea's Samsung Group, should find some comfort that its crown jewel Samsung Electronics Co Ltd has reported record profit every quarter since he was jailed in February, making him even richer. More »
Samsung Electronics Co Ltd said on Friday its third-quarter operating profit likely nearly tripled from a year earlier to a new record, beating analyst estimates as strong memory chip prices fattened margins. More »
Volkswagen (VOWG_p.DE) added provisions of around 2.5 billion euros ($3 billion) on Friday to the mounting total from its diesel emissions scandal, which has already cost the company around 20 billion euros. More »
Three years after Bill Gross shocked the financial world by exiting Pacific Investment Management Co and ending his reign over the Pimco Total Return Bond (PTTRX) fund, investors who stuck with the bond fund have come out ahead of those at most of its rivals. More »
British food delivery company Deliveroo has raised $385 million in private funding, it said on Sunday, as it prepares for expansion to help it compete with publicly traded rivals such as Delivery Hero and Just Eat. More »
Prada's chief executive and creative director Miuccia Prada said on Thursday she did not want to be judged by sales but that her designs offered ideas to women of how to be strong and combative. More »
When oil giant Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2 trillion valuation in its initial public offering (IPO). [IPO-ARMO.SE] More »
The maker of hit mobile phone game "Angry Birds" is planning an initial public offering to raise around 30 million euros ($36 million) and potentially use its shares to make acquisitions. More »
Britain's Aveva Group said on Tuesday it had agreed to combine with Schneider Electric's software business to create a London-listed leader in industrial software worth more than 3 billion pounds ($3.88 billion). More »
General Motors Co’s (GM.N) vehicle sales in China rose 12 percent in August from a year earlier to 328,425 units, following a 6.3 percent increase in July, the Detroit-based automaker said on Tuesday. More »
Liechtenstein's LGT Bank, owned by the mini-state's ruling family, hopes to stand out in Asia's crowded private banking market by touting the clan's own track record of preserving wealth. More »
Danish biotech company Bavarian Nordic expects to get its first milestone payment under a deal with Janssen Pharmaceuticals in 2019, if clinical trials for vaccines targeting hepatitis B and HIV-1 get underway next year, a company executive said. More »
The logo of Honda is pictured at the 38th Bangkok International Motor Show in Bangkok, Thailand March 28, 2017. Honda Motor Co. posted a better-than-expected quarterly profit as higher vehicle sales in Asia helped offset a slide in North American demand, and d... More »
Hedge fund manager David Einhorn posted gains in July which helped shrink his firm’s year to date losses to 0.2 percent, a person who has seen the performance update said on Monday. More »
A person holds a smart phone with the Pandora app showing in New York U.S., June 9, 2017. Pandora Media Inc reported better-than-expected quarterly revenue as advertisers spent more on the online music streaming service amid stiff competition. More »
FILE PHOTO: Headphones are seen in front of a logo of online music streaming service Spotify in this February 18, 2014 illustration picture. Spotify now has 60 million paying subscribers, adding 10 million subscribers in less than five months, a spokeswoman fo... More »
ConocoPhillips Chairman and Chief Executive Officer Ryan M. Lance (C) rings the closing bell at the New York Stock Exchange (NYSE), February 27, 2013. ConocoPhillips (COP.N) cut its 2017 capital spending by 4 percent on Thursday, the latest U.S. oil and natura... More »
The BlackRock logo is seen at the BlackRock Japan headquarters in Tokyo, Japan, October 20, 2016. BlackRock Inc (BLK.N), the world’s biggest asset manager, reported an 8.6 percent rise in quarterly profit on Monday, helped by higher fees. More »
A VW logo is seen in front of the main building of the Volkswagen brand at the Volkswagen headquarters, in Wolfsburg, Germany May 19, 2017. Volkswagen (VOWG_p.DE) is considering options for majority-owned transmissions maker Renk (ZARG.F), as the German carmak... More »
The J.P.Morgan logo is seen at their offices at Canary Wharf financial district in London,Britain, March 3, 2016. U.S. banks are starting to see some long-awaited benefits of higher interest rates, with four of the largest lenders beating analysts’ quarterly p... More »
FILE PHOTO — People walk beneath a Citibank branch logo in the financial district of San Francisco, California July 17, 2009. Three of the six biggest U.S. banks kicked off the earnings season on Friday, reporting profits that topped Street estimates but faile... More »
A water tank with the GM logo is seen at the General Motors Assembly Plant in Valencia, April 21, 2017. REUTERS/Marco Bello Canadian auto sales set another record in June, making for a solid performance in the first half of the year as customer demand for ligh... More »
People walk past the New York Stock Exchange on Wall Street, February 10, 2009. REUTERS/Eric Thayer For the fourth straight quarter, several of the biggest U.S. banks are reporting earnings on the same day, setting up a situation that overwhelms analysts cover... More »
A man looks at a mobile phone in front of the Bank of Japan building in Tokyo, Japan June 16, 2017. REUTERS/Toru Hanai Japanese big manufacturers’ confidence is expected to have improved for a third straight quarter in June to match the peak seen two years ago... More »
FILE PHOTO: A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo Toshiba Corp said on Friday it now estimates a bigger loss for the past year ended in March due to po... More »
FILE PHOTO: The London Eye, run by Merlin Entertainments, is seen at dawn in central London, Britain October 21, 2013. REUTERS/Toby Melville/File Photo Merlin Entertainments, operator of Madame Tussauds waxworks and other attractions, has seen a fall in demand... More »
Activist hedge fund Marcato Capital Management, which has been battling restaurant chain Buffalo Wild Wings for board seats, reported strong gains in May, which extended its gains for the year. More »
Activist hedge fund Jana Partners, which is currently pushing grocer Whole Foods Markets Inc to perform better, lost money in May but is still in the black for the year, according to an investor update. More »
The sign of a Best Buy store in Pasadena, California U.S., February 28, 2017. REUTERS/Mario Anzuoni Best Buy Co Inc, the No. 1 U.S. electronics retailer, reported an unexpected rise in first-quarter comparable sales on Thursday, helped by demand for gaming and... More »
FILE PHOTO: A product of Lenovo is displayed during a news conference on the company’s annual results in Hong Kong May 26, 2016. REUTERS/Bobby Yip/File Photo China’s Lenovo Group Ltd (0992.HK), the world’s largest personal computer (PC) maker, reported a retur... More »
A logo of Emaar is seen near the Dubai Mall March 16, 2014. REUTERS/Ahmed Jadallah Emaar Malls will buy a 51 percent stake in e-commerce fashion website Namshi from Global Fashion Group, a firm backed by Rocket Internet, for $151 million, a sign of growing dem... More »
John Burbank, founder & chief investment officer of Passport Capital, speaks at a panel discussion at the SALT conference in Las Vegas May 15, 2014. REUTERS/Rick Wilking Bayliss More »
Chinese auto sales fell in April by the steepest in almost two years, the automakers’ association said on Thursday, as a tax increase on small-engine cars from the beginning of the year discouraged buyers. More »
The company logo for BT is seen on the BT Tower in London, Britain, January 24, 2017. REUTERS/Toby Melville – BT (BT.L) said on Thursday it would cut 4,000 jobs in its Global Services unit that serves multinationals and scale back its dividend growth ambitions... More »
Traders gather at the post where Snap Inc. is traded on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 6, 2017. REUTERS/Brendan McDermid Snap Inc shares plunged on Wednesday after the owner of Snapchat reported slowing user growth and... More »
People walk in front of the HCL Technologies Ltd office at Noida, on the outskirts of New Delhi April 17, 2013. REUTERS/Mansi Thapliyal HCL Technologies Ltd (HCLT.NS), India’s fourth-biggest software services firm, reported a better-than-expected 28 percent ri... More »
FILE PHOTO – The 21st Century Fox logo is seen outside the News Corporation headquarters in Manhattan, New York, U.S. on April 29, 2016. REUTERS/Brendan McDermid/File Photo Twenty-First Century Fox Inc (FOXA.O), the television and film company controlled by Ru... More »
FILE PHOTO: The logo of messaging app Snapchat is seen at a booth at TechFair LA, a technology job fair, in Los Angeles, California, U.S., January 26, 2017. REUTERS/Lucy Nicholson Snap Inc (SNAP.N) has many similarities with archrivals Facebook Inc (FB.O) and ... More »
FILE PHOTO: Models pose for photographs with a LG electronics’ new V20 premium smartphone during its unveiling ceremony in Seoul, South Korea, September 7, 2016. REUTERS/Kim Hong-Ji/File Photo South Korea’s LG Electronics Inc said on Thursday its first-quarter... More »
Samsung Electronic’s Galaxy S8 and S8+ are displayed at its store in Seoul, South Korea, April 27, 2017. REUTERS/Kim Hong-Ji Samsung Electronics Co Ltd on Thursday flagged stronger earnings and announced a cancellation of treasury shares after posting a solid ... More »
Headquarters of Finnish telecommunication network company Nokia are pictured in Espoo, Finland August 4, 2016. Lehtikuva/Irene Stachon/via REUTERS Finnish network equipment maker Nokia reported on Thursday a slowing rate of sales decline, saying the global net... More »
FILE PHOTO: A worker packs pipelines onto a truck at a local plastic pipe factory in Donghegang village on the outskirts of Xiongxian county, one part of the new special economic zone Xiong’an New Area, Hebei province, China, April 6, 2017. REUTERS/Jason Lee/F... More »
An Amgen sign is seen at the company’s office in South San Francisco, California October 21, 2013. REUTERS/Robert Galbraith/File Photo Amgen Inc (AMGN.O) on Wednesday reported higher-than-expected first-quarter profit as cost controls helped offset a sharp dro... More »
FILE PHOTO: The company logo and trading information for BlackRock is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 30, 2017. REUTERS/Brendan McDermid/File Photo BlackRock Inc (BLK.N), the world’s biggest ass... More »
An eBay sign is seen at an office building in San Jose, California May 28, 2014. REUTERS/Beck Diefenbach/File Photo EBay Inc (EBAY.O) on Wednesday forecast second-quarter profit that fell short of analysts’ estimates, as it spends heavily on revamping and mark... More »
A Qualcomm sign is pictured at one of its many campus buildings in San Diego, California, U.S. April 18, 2017. REUTERS/Mike Blake Qualcomm Inc (QCOM.O), the largest maker of chips used in smartphones, reported quarterly revenue and profit that beat analysts’ e... More »
Bank of America’s (BAC.N) wealth business reported revenue climbed 3 percent to $4.6 billion in the first quarter this year from last year on higher client assets under management and fees, Bank of America Chief Financial Officer Paul Donofrio said Tuesday. More »
The 2018 Hyundai Sonata is unveiled at the 2017 New York International Auto Show in New York City, U.S. April 12, 2017. REUTERS/Brendan Mcdermid Hyundai Motor Co (005380.KS) and Kia Motors Corp (000270.KS) expect it will be difficult to sell 1 million vehicles... More »
FILE PHOTO – People pass the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City, May 20, 2015. REUTERS/Mike Segar/File Photo Big U.S. banks revealed more evidence of a slowdown in loan growth in their earnings reports on Thu... More »
The Mercedes star logo of an E Coupe is pictured before the annual news conference of Daimler AG in Stuttgart, Germany, February 2, 2017. REUTERS/Michaela Rehle Daimler AG’s (DAIGn.DE) shares were set to open 3.5 percent higher on Wednesday after the maker of ... More »
The logo of Toshiba Corp is seen behind a traffic light at the company’s headquarters in Tokyo, Japan March 29, 2017. REUTERS/Issei Kato Shares in Toshiba Corp tumbled on Monday after sources told Reuters that the troubled Japanese conglomerate would likely mi... More »
People walk past a planned store of Tesla in Hanam, South Korea, December 22, 2016. REUTERS/Kim Hong-Ji Tesla Inc (TSLA.O), the U.S. luxury electric car maker, said on Sunday first-quarter vehicle deliveries jumped 69 percent from a year ago to a quarterly rec... More »
A Blackberry logo hangs behind a Canadian flag at their offices on the day of their annual general meeting for shareholders in Waterloo, Canada June 23, 2015. REUTERS/Mark Blinch/File Photo BlackBerry Ltd reported better-than-expected adjusted earnings for the... More »
FILE PHOTO: A woman walks at the Bund in front of the financial district of Pudong in Shanghai March 5, 2015. REUTERS/Aly Song As China’s banks prepare for a rigorous quarterly inspection of their books by the central bank, the ructions in money markets and an... More »
Signage for GlaxoSmithKline is seen on it’s offices in London, Britain, March 30, 2016. REUTERS/Toby Melville/File Photo A deadline for U.S. regulators to give a verdict on a generic copy of GlaxoSmithKline’s blockbuster inhaled lung drug Advair has passed wit... More »
The logo of U.S. memory chip maker MicronTechnology is pictured at their booth at an industrial fair in Frankfurt, Germany, July 14, 2015. REUTERS/Kai Pfaffenbach Micron Technology Inc forecast current-quarter revenue and profit far ahead of analysts’ estimate... More »
FILE PHOTO: Cars drive past residential buildings along a street in Hefei, Anhui province, China, February 19, 2017. REUTERS/Yawen Chen Developers China Overseas Land & Investment Ltd (0688.HK) and Country Garden Holdings Company Ltd (2007.HK) on Wednesday rep... More »
FILE PHOTO: Employees work along a Geely Automobile Corporation assembly line in Cixi, Zhejiang province June 21, 2012. REUTERS/Carlos Barria/File Photo China’s Geely Automobile Holdings Ltd (0175.HK) posted its biggest profit growth in eight years on Wednesda... More »
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