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Britain investigates Carillion directors after collapse

January 16, 2018 by  
Filed under News

LONDON/CAMBRIDGE, England (Reuters) – Britain ordered a fast-track inquiry into the role played by Carillion’s directors in the failure of the construction and services group, as some of its thousands of small suppliers started to lay off workers on Tuesday.


Source: Reuters Business News

Citigroup reports $18 billion loss on one-time tax items

January 16, 2018 by  
Filed under News

(Reuters) – Citigroup Inc posted an $18-billion quarterly loss on Tuesday because of charges related to a new U.S. tax law, but its adjusted earnings beat Wall Street expectations and management signaled that the bank may soon lift financial performance targets.


Source: Reuters Business News

Dow hits 26,000 for first time on earnings optimism

January 16, 2018 by  
Filed under News

(Reuters) – The Dow Jones Industrial Average raced past the 26,000 mark for the first time on Tuesday as fourth-quarter earnings season got off to a strong start following upbeat results from UnitedHealth and Citigroup.


Source: Reuters Business News

Nestle sells U.S. candy business to Ferrero for $2.8 billion amid health push

January 16, 2018 by  
Filed under News

LONDON/MILAN (Reuters) – Swiss food group Nestle has agreed to sell its U.S. confectionery business to Italy’s Ferrero for $2.8 billion, it said on Tuesday, marking CEO Mark Schneider’s first big sale and a small step on its path toward healthier products.


Source: Reuters Business News

GE renews break-up talk as it discloses $11 billion fourth quarter hit

January 16, 2018 by  
Filed under News

(Reuters) – General Electric Co again raised the prospect of breaking up the conglomerate on Tuesday as it announced more than $11 billion in charges from its long-term care insurance portfolio and new U.S. tax laws.


Source: Reuters Business News

Game of chicken: GM bets on Mexican-made pickup trucks

January 15, 2018 by  
Filed under News

SILAO, Mexico/DETROIT (Reuters) – General Motors Co’s assembly plant in Silao, a city in Mexico’s automotive heartland, cranked out more than 400,000 highly profitable, large pickup trucks last year, and is critical to the launch of a new generation of Chevrolet Silverado trucks later this year.


Source: Reuters Business News

Britain's Carillion collapses after banks pull the plug

January 15, 2018 by  
Filed under News

LONDON (Reuters) – Carillion collapsed on Monday when its banks pulled the plug, triggering Britain’s biggest corporate failure in a decade and forcing the government to step in to guarantee public services from school meals to roadworks.


Source: Reuters Business News

Oil hovers around $70, clouded by rise in U.S. output

January 15, 2018 by  
Filed under News

CALGARY, Alberta (Reuters) – Oil hovered near a three-year high above $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, although analysts warned of “red flags” due to surging U.S. production.


Source: Reuters Business News

U.S. automakers bet on diesel trucks after VW scandal

January 15, 2018 by  
Filed under News

DETROIT (Reuters) – U.S. automakers are unveiling new diesel pickup trucks even as diesel sales have fallen sharply since Volkswagen AG’s 2015 diesel emissions scandal.


Source: Reuters Business News

Citi to raise pay for women and minorities in U.S., UK, Germany

January 15, 2018 by  
Filed under News

(Reuters) – Citigroup Inc will increase compensation for women and minorities to bridge pay gaps in the United States, the United Kingdom and Germany, as part of its annual pay process this year, the Wall Street bank said on Monday.


Source: Reuters Business News

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