NEW YORK (Reuters) – Wall Street advanced on Thursday as investor sentiment was buoyed by a string of corporate earnings beats and encouraging geopolitical developments. A broad-based rally led all three major U.S. stock averages to moderate gains. Britain and the European Union agreed to a severance deal, moving closer toward wrapping…
Tag: News
Saudi Aramco delays planned IPO until after earnings update: sources
DUBAI/RIYADH (Reuters) – Saudi Aramco has delayed the planned launch of its initial public offering in hopes that pending third-quarter results will bolster investor confidence in the world’s largest oil firm, two sources familiar with the matter said on Thursday. FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil…
UAW will keep GM strike going while members vote on new contract
DETROIT/WASHINGTON (Reuters) – The United Auto Workers union said on Thursday workers at General Motors Co will stay off the job while they vote on a proposed contract that delivers higher pay for full-time workers and better terms for temporary workers, but allows the automaker to close three U.S. plants. Striking United…
NTSB to determine probable cause of fatal Uber self-driving crash
WASHINGTON (Reuters) – The U.S. National Transportation Safety Board (NTSB) will hold a Nov. 19 hearing to determine the probable cause of a March 2018 Uber Technologies Inc (UBER.N) self-driving vehicle crash that killed a pedestrian in Arizona. FILE PHOTO: A screen displays the company logo for Uber Technologies Inc. on the…
Boeing 777X delays may affect Emirates fleet plans – Clark
LONDON (Reuters) – Delivery delays to Boeing’s (BA.N) 777X jetliner are holding back Emirates’ growth and could partially affect the Gulf carrier’s broader fleet requirements, airline President Tim Clark said on Thursday. FILE PHOTO: The signature folding wingtip of a 777X aircraft is seen during a media tour of the Boeing 777X…
At Chick-fil-A, new table service means no waiting in line to order
FILE PHOTO: A franchise sign is seen above a Chick-fil-A freestanding restaurant after its grand opening in Midtown, New York October 3, 2015. REUTERS/Rashid Umar Abbasi/File Photo NEW YORK (Reuters) – Fast-food chicken chain Chick-fil-A is turning the tables on in-house dining, unveiling a new sit-down table service through its app that…
Morgan Stanley executives offer cautious outlook after profit beat
(Reuters) – Morgan Stanley (MS.N) reported a higher-than-expected profit on Thursday, bolstered by strength in bond trading and M&A advisory, but executives were careful not to sound too optimistic about the rest of the year. FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York U.S., July 16,…
Stocks, sterling rise on long-awaited Brexit deal
LONDON/NEW YORK (Reuters) – A deal on Britain’s departure agreed with the European Union sent sterling to a five-month high on Thursday and hoisted European stocks to a 1-1/2-year peak before doubts about UK parliamentary support brought them back to earth. Wall Street rose as upbeat earnings from Netflix and Morgan Stanley…
Timeline: UAW wrings higher pay from GM in deal to end strike, agrees to plant closings
(Reuters) – The United Auto Workers union wrung higher pay and other benefits from General Motors Co as part of a tentative deal to end a month-long U.S. strike by about 48,000 workers, the union disclosed on Thursday. Striking United Auto Workers (UAW) members rally in front of General Motors World headquarters…
Ex-U.S. biotech executive fined for lying to auditors, charges dropped against CFO: SEC
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, United States, June 24, 2011. REUTERS/Jonathan Ernst/File Photo NEW YORK (Reuters) – The former chief business officer of U.S. biotechnology company Osiris Therapeutics Inc has agreed to pay a $40,000 civil penalty for…
Wall Street slips as weak economic data offsets earnings strength
NEW YORK (Reuters) – Wall Street lost ground on Wednesday as weak U.S. economic data and simmering geopolitical tensions spooked buyers away from the equities market, despite a string of generally positive third-quarter earnings reports. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York,…
Stocks flat on data, earnings; pound volatile
NEW YORK (Reuters) – A gauge of world stock markets was flat on Wednesday as U.S. data that raised concerns about a slowing economy was offset by a solid start to earnings season, while sterling was volatile as negotiations on a Brexit deal continued. FILE PHOTO: Traders work on the floor at…
Teva to donate over $15 billion worth of drugs in opioid settlement: source
FILE PHOTO: The logo of Teva Pharmaceutical Industries is seen during a news conference hold by its CEO, Kare Schultz, to discuss the company’s 2019 outlooks in Tel Aviv, Israel February 19, 2019. REUTERS/Amir Cohen (Reuters) – Teva Pharmaceuticals (TEVA.N) is in talks to contribute over $15 billion worth of drugs as…
Production date for Boeing’s long-haul 777-8 up in air as Qantas weighs options
SINGAPORE (Reuters) – The date of entry into service of Boeing Co’s ultra-long-range 777-8 wide-body airliner will depend partly on customer demand, an executive said, with the planemaker hoping to win an order from Qantas Airways Ltd to supply the plane for Sydney-London flights. FILE PHOTO: The Boeing logo is displayed on…
Fiat Chrysler faces $79 million U.S. penalty for fuel economy shortfall
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) on Wednesday said it faces a $79 million U.S. civil penalty for failing to meet 2017 fuel economy requirements, as regulators reported more automakers were falling short of U.S. greenhouse gas emissions standards. A Fiat Chrysler Automobiles (FCA) sign is seen at its U.S.…
U.S. SEC freezes assets of 18 traders over alleged manipulation
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, United States, June 24, 2011. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Wednesday it has obtained an asset freeze against 18 traders over a market-manipulation scheme…
Oil rises on hopes OPEC will extend supply cuts, weaker U.S. dollar
HOUSTON (Reuters) – Oil rose on Wednesday, gaining support due to signs that OPEC and allied producers will continue to curb supplies in December, a weaker U.S. dollar and as traders covered short positions ahead of an industry report on U.S. crude inventories. FILE PHOTO: The sun sets behind an oil pump…