Month: February 2019

Oil fell on Wednesday after the U.S. government said shale output would rise to a record next month, denting a rally that sent prices to their highest this year.

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Southwest Airlines Co cut its forecast for first-quarter revenue per seat mile on Wednesday, citing weak passenger demand and a $60 million hit to first-quarter sales from the longest partial U.S. government shutdown.

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A French court on Wednesday found Swiss bank UBS AG guilty of illegally soliciting clients in France and laundering the proceeds of tax evasion, and ordered it to pay 4.5 billion euros ($5.10 billion) in penalties.

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Barclays’ former chairman, giving evidence in a landmark London fraud trial, said he first saw a document detailing agreed fees for Qatari investors in the British bank four years after the payment was agreed.

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CVS Health Corp forecast full-year profit well below Wall Street estimates on Wednesday due to weakness in its long-term healthcare services business, sending its shares down 5 percent.

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U.S. stock index futures were subdued on Wednesday after a handful of downbeat earnings reports and as investors weighed the latest developments in trade talks between the United States and China.

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European aircraft maker Airbus deliveries of its A320neo aircraft are back on track in India with fewer problems being seen with the narrowbody jet’s Pratt & Whitney engines, a senior company executive said on Wednesday.

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CVS Health Corp reported a 12.5 percent increase in quarterly revenue on Wednesday, driven by strong pharmacy sales and its recent acquisition of health insurer Aetna.

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German carmaker Volkswagen’s South African unit expects to produce a record number of vehicles this year despite a sluggish domestic economy, power outages and looming talks with union members, its managing director said.

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Southwest Airlines Co cut its forecast for first-quarter revenue per seat mile on Wednesday, citing weak passenger demand and a $60 million hit from the longest partial U.S. government shutdown in history.

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Kinder Morgan Inc will expand loading capacity at its ethanol terminal in Chicago to address producer concerns that trade at the terminal – a benchmark for global ethanol prices – is vulnerable to manipulation, three people briefed on the company’s plans told Reuters.

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Britain’s competition regulator has dealt a potentially fatal blow to Sainsbury’s planned $9.5 billion takeover of Walmart’s Asda, saying it was unlikely the companies would be able to address its “extensive” concerns about the deal.

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A French court will rule on Wednesday whether UBS, Switzerland’s largest bank, helped wealthy French clients evade taxes between 2004 and 2012 and launder the proceeds.

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Caesars Entertainment Corp said on Wednesday it will continue to look at options for the company, a day after activist investor Carl Icahn urged the U.S. casino operator to consider selling itself.

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Crude oil futures eased on Wednesday in light of the prospect of a continued boom in U.S. shale oil output, although with OPEC determined to restrict its own production to prevent a global surplus of unused fuel, the price held just shy of 2019 highs.

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