Business & Finance News
IMPERIAL, Pennsylvania (Reuters) – General Electric CO employees and shareholders voiced frustration on Wednesday with the company’s poor performance, while attending the first annual meeting under Chief Executive Officer John Flannery, who has presided over a 43 percent decline in GE’s stock price since taking over on Aug. 1.
LONDON/NEW YORK (Reuters) – U.S. media group Comcast submitted a 22 billion pound($30.7 billion) bid for Sky on Wednesday, prompting the European pay TV group to drop its support for a lower offer from Rupert Murdoch’s Twenty-First Century Fox .
LONDON (Reuters) – World markets entered 2018 speculating that the most synchronized global economic expansion in a decade was about to overheat but growth has since proved underwhelming.
WASHINGTON (Reuters) – President Donald Trump will meet with Apple Inc Chief Executive Officer Tim Cook to discuss trade issues on Wednesday as the technology industry grapples with a U.S. tariff spat with China, a manufacturing hub for the iPhone maker and other companies.
(Reuters) – U.S. stocks headed lower on Wednesday with technology bearing the brunt of falls soon after opening as investors worried over rising bond yields, corporate costs and rising trade tensions with China.
LIPETSK, Russia (Reuters) – French fries at McDonald’s restaurants from Moscow to Murmansk will be Russian from now on, as U.S. sanctions have spurred on a shift by the American fast-food chain to use local potatoes.
ANTALYA, Turkey (Reuters) – Qatar Airways made a “substantial” loss in its last financial year because of a regional dispute that has banned the airline from four Arab countries, its chief executive said on Wednesday without revealing the extent of the losses.
BRUSSELS (Reuters) – Anheuser-Busch InBev , the world’s largest brewer, is hopeful that the United States will grant permanent exemptions to aluminum imported from allies and wants U.S. Congress to look into price spikes that have already set in.
(Reuters) – The Dow opened slightly higher on Wednesday, boosted by Boeing’s 3.4 percent jump after strong results, while the Nasdaq and S&P 500 were little changed as U.S. bond yields climbed above the 3 percent level.
ZURICH (Reuters) – A commercial court in Vienna has issued a temporary injunction to stop ride-hailing service Uber from operating in Vienna, a taxi company that had sued Uber said on Wednesday.
WASHINGTON (Reuters) – President Donald Trump will meet with Apple Inc Chief Executive Officer Tim Cook on Wednesday, as the technology industry finds itself in the crosshairs of a U.S. trade spat with China, a manufacturing hub for the iPhone maker and other companies.
LONDON (Reuters) – Big investment banks should accept that simple may be better when it comes to new rules for capital requirements to protect them from trading risks, a top regulator said on Wednesday.
(Reuters) – Dow Jones Industrial Average futures erased losses on Wednesday after Boeing reported strong results and forecast, but concerns about rising U.S. bond yields and corporate costs continued to weigh on U.S. stocks.
(Reuters) – Boeing Co’s profit jumped by more than half in the first quarter, surging past Wall Street forecasts, and strong sales of commercial jets led it to raise its forecasts for cash flow and earnings after a record 2017.
FRANKFURT (Reuters) – Influential proxy adviser Glass Lewis has recommended shareholders in Deutsche Boerse vote against ratifying the actions of the management and supervisory boards at the exchange’s 2018 annual general meeting.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
