Citigroup profit rises on asset sale gain, lower costs
(Reuters) – Citigroup Inc reported a higher quarterly profit as it kept costs lower, recorded a large gain from an asset sale and had a smaller-than-expected decline in trading revenue.
(Reuters) – Citigroup Inc reported a higher quarterly profit as it kept costs lower, recorded a large gain from an asset sale and had a smaller-than-expected decline in trading revenue.
DETROIT (Reuters) – The arrival of Aston Martin’s DBX sport utility vehicle in 2019 could help more than double sales of the British sports car maker by early next decade, its chief executive told Reuters.
PARIS (Reuters) – Airbus directors publicly backed Chief Executive Tom Enders on Thursday in the face of European investigations into the use of middlemen in airplane sales and a $2 billion fighter deal.
(Reuters) – JPMorgan Chase & Co’s quarterly profit and revenue easily trumped Wall Street’s expectations on Thursday, but a slump in bond trading clouded gains from loan growth and higher interest rates.
LONDON (Reuters) – HSBC has chosen John Flint as its next chief executive, it said on Thursday, with its recently-hired chairman opting for an insider to pursue a turnaround at Europe’s biggest bank.
LONDON (Reuters) – A majority of independent votes cast at the annual shareholders’ meeting of Sky on Thursday supported the re-election of James Murdoch as chairman, a spokesman for the European pay TV group said.
(Reuters) – JPMorgan Chase & Co , the largest U.S. bank by assets, reported a 7.1 percent rise in quarterly profit on Thursday as gains from loan growth and higher interest rates more than offset a slump in trading revenue.
(Reuters) – BlackBerry Ltd said on Thursday it signed a new license agreement with BLU Products Inc, a Florida-based maker of low-end Android phones, that would end patent disputes between the two companies.
LONDON (Reuters) – HSBC has appointed John Flint as its next chief executive the bank said on Thursday, sticking with a tradition of promoting company insiders to run the firm.
SEOUL (Reuters) – The heir to South Korea’s Samsung Group, convicted of bribing the country’s former president, appeared in a packed court on Thursday for the first day of arguments in the appeal of his five-year jail term for corruption.
PARIS (Reuters) – The board of Europe’s Airbus ordered out a private review of top management before backing Chief Executive Tom Enders to complete a sensitive compliance shake-up in the face of European corruption probes, two people familiar with the …
LONDON (Reuters) – London Mayor Sadiq Khan said on Thursday that the city’s transport regulator will defend its decision in court not to renew Uber’s license to operate in the British capital.
SAN FRANCISCO(Reuters) – Alphabet Inc’s Waymo sought at least $1 billion in damages and a public apology from Uber Technologies Inc as conditions for settling its high-profile trade secret lawsuit against the ride-services company, sources familiar wit…
HONG KONG/TOKYO (Reuters) – Bain Capital is planning on further ramping up its dealmaking in Japan after it came out on top in the recent battle to purchase Toshiba’s semiconductors arm and as it bids to buy out Japan’s third-largest advertising agency…
TOKYO (Reuters) – Kobe Steel’s CEO said on Thursday the firm’s data-fabrication may have spread beyond Japan, as he was ordered by the government to report on how the misconduct occurred and address safety concerns that have sparked a scare along globa…
TOKYO (Reuters) – Asian stocks reached a 10-year high on Thursday, riding the bull run in global equity markets, while the dollar sagged after the Federal Reserve showed a more guarded view towards inflation.
SHANGHAI (Reuters) – Plans to send China’s home-built C919 passenger jet on its third test flight have been delayed due to bad weather, a Commercial Aircraft Corp of China Ltd (COMAC) official told Reuters on Thursday.
LOS ANGELES (Reuters) – Five Hollywood film studios have joined together to offer a new service designed to make it easier for consumers to collect digital movies that they can watch at home or on mobile devices, the studios said in a statement on Wedn…
SEOUL (Reuters) – The heir to South Korea’s Samsung Group appeared in a packed court on Thursday for the first day of arguments in the appeal of his five-year jail term for corruption.
DETROIT (Reuters) – General Motors Co on Wednesday warned leaders of Canada’s Unifor labor union that it will start to wind down production of its popular Chevrolet Equinox sport utility vehicle at an Ontario factory unless workers there call off a mon…
TOKYO (Reuters) – Asian stocks were near a decade high on Thursday, riding the bull run in global equity markets, while the dollar sagged after the Federal Reserve showed a guarded view towards inflation.
SAN JOSE, Calif. (Reuters) – Facebook Inc has begun overhauling how it handles political ads on its platform and may put some changes in place before U.S. elections next year, Facebook’s chief technology officer said on Wednesday.
DETROIT/TOKYO (Reuters) – General Motors is checking whether its cars contain falsely certified parts or components sourced from Japan’s Kobe Steel <5406.T, the latest major automaker to be dragged into the cheating scandal.
(Reuters) – Viacom Inc said on Wednesday that Charter Communications subscribers may lose access to its channels such as MTV, Comedy Central and Nickelodeonon as the expiration looms for a distribution deal between the companies.
NEW YORK (Reuters) – Concern among investors that General Electric Co may not generate enough cash this year to fully cover its dividend and other promised spending sent its stock to its lowest level in more than four years on Wednesday.
TOKYO (Reuters) – Asian stocks were near a decade high on Thursday, riding the bull run in global equity markets, while the dollar sagged after the Federal Reserve showed a guarded view towards inflation.
TOKYO (Reuters) – General Motors [GM.N] is checking whether its cars contain falsely certified parts or components sourced from Japan’s Kobe Steel , Kyodo News reported on Thursday, the latest major automaker to be dragged into the cheating scandal.
NEW YORK (Reuters) – UBS Group AG will hire fewer trainees in 2018 but spend two to three times more on teaching them to be financial advisers, a senior executive said, in the latest sign of industry efforts to satisfy wealthier clients and grapple wi…
(Reuters) – The head of No. 3 U.S. railroad CSX Corp promised on Wednesday to improve service as companies like Cargill Inc [CARG.UL] demanded greater accountability and fewer delays, criticizing an overhaul CSX launched six months ago.
NEW YORK (Reuters) – Major stock indexes edged up to post record closing highs on Wednesday with sector moves in the S&P 500 showing preference toward so-called defensive stocks.