FRANKFURT (Reuters) – Deutsche Bank fired 300 U.S.-based investment bankers on Wednesday as part of a broader overhaul of the global unit, a person with knowledge of the matter said on Thursday.
WASHINGTON, (Reuters) – New applications for U.S. unemployment benefits dropped to their lowest level in more than 48 years last week, suggesting that March’s slowdown in job growth was probably temporary.
(Reuters) – Time Warner Inc , which is being bought by AT&T Inc , reported a better-than-expected quarterly revenue on Thursday as the airing of the college basketball games helped Turner attract advertisers.
LONDON (Reuters) – European stocks and the euro made tentative gains on Thursday as a drop in bond market stress levels helped sentiment ahead of a read out from the European Central Bank’s latest meeting.
MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) reduced its debts by more than expected in the first quarter, putting the carmaker well on course to become cash positive later this year.
MADRID (Reuters) – Palma de Mallorca, capital of Mediterranean tourist destination the Balearic Islands, voted on Thursday to ban almost all short-term rentals of private homes like those on Airbnb, which locals say have triggered sharp rises in rental prices.
(Reuters) – Time Warner Inc , which is being bought by AT&T Inc , reported a 15.4 percent rise in quarterly profit on Thursday as its Home Box Office (HBO) and Turner channels added subscribers at a brisk pace.
WASHINGTON (Reuters) – German drug and crop chemical maker Bayer AG’s bid to buy seed and chemical company Monsanto Co is on track to win U.S. antitrust approval by the end of May, unless there is a last-minute complication, a source familiar with the matter said on Thursday.
HOUSTON (Reuters) – U.S. oil producer ConocoPhillips posted a bigger-than-expected quarterly profit on Thursday, on rising crude prices and cost cuts.
HONG KONG/SHANGHAI (Reuters) – China’s state-backed semiconductor fund is near to closing a 120 billion yuan ($18.98 billion)investment round for a second fund to support the domestic chip sector and help cut reliance on imports amid a bruising trade standoff with the United States.
(Reuters) – U.S. stock index futures pointed to a strong open for the tech-heavy Nasdaq on Thursday as a slew of upbeat earnings from Facebook and Qualcomm helped set aside worries over rising U.S. bond yields and corporate costs.
MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) erased more debt in the first quarter than expected, putting the group on course to become cash positive by the end of this year, and confirmed its full year targets.
(Reuters) – PepsiCo Inc’s quarterly revenue and profit beat Wall Street targets on Thursday as it sold more beverages and snacks across the developing world and posted a smaller sales decline in its North America beverages unit.
SEOUL (Reuters) – General Motors has agreed to provide $3.6 billion in fresh funding to its troubled South Korean unit, higher than its previously proposed $2.3 billion as part of a preliminary deal, South Korea said on Thursday.
HOUSTON (Reuters) – U.S. oil producer ConocoPhillips said on Thursday its first-quarter profit jumped 52 percent due to rising crude prices and cost cuts.
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