Netflix, tech rally lift Wall Street as investors shrug off weak bank results
U.S. stocks rose on Tuesday as Netflix spurred a rally in technology and internet stocks and UnitedHealth posted strong results, while hopes of more stimulus for China’s slowing economy encouraged buying in risky assets.
Source: Reuters Business News
Ex-Barclays trio 'cheated global financial system', Euribor trial told
Three former Barclays bankers cheated the global financial system to gain an unfair edge over counterparties in a five-year plot to rig Euribor interest rates, a London prosecutor alleged on Tuesday.
Source: Reuters Business News
Fiat Chrysler looking at options to plug hole in its truck lineup: CEO
Fiat Chrysler Automobiles NV Chief Executive Mike Manley told Reuters on Tuesday he is open to partnerships to develop a new midsize pickup truck the automaker could sell in Latin America and other markets outside the United States to compete with models such as Ford Motor Co’s Thailand-built Ranger.
Source: Reuters Business News
U.S. charges suspected hacker, traders over SEC database hack
U.S. authorities on Tuesday charged a suspected Ukrainian computer hacker and several traders with involvement in a scheme to trade on market-moving corporate earnings news stolen from a U.S. Securities and Exchange Commission database.
Source: Reuters Business News
As loans and revenue shrink, Wells Fargo leans on cost cuts
Wells Fargo & Co’s loan book shrank and revenue fell across all its major businesses last quarter, as the fourth-largest U.S. lender continued to work through the consequences of wayward sales practices at its consumer bank.
Source: Reuters Business News
U.S. healthcare stocks seen maintaining momentum after strong 2018
One of the rare market bright spots last year, the U.S. healthcare sector remains a Wall Street darling despite a slow start to 2019.
Source: Reuters Business News
Nissan CEO calls for Renault board to review Ghosn findings
Nissan expects alliance partner Renault’s board to back its ousting of Chairman Carlos Ghosn once it sees evidence from the Japanese carmaker’s investigation, Chief Executive Hiroto Saikawa said in a Monday newspaper interview.
Source: Reuters Business News
Citigroup sees $2 billion more revenue from lending in 2019, shares rise
Citigroup Inc said it would earn $2 billion more in revenue from its lending activities this year than in 2018 as it reported better than expected fourth-quarter earnings, sending its shares more than 4 percent higher.
Source: Reuters Business News
U.S. government shutdown holds up FAA approval of aircraft, routes
Federal Aviation Administration (FAA) approval of aircraft such as Boeing’s MAX and new routes like Southwest Airline Co’s Hawaii launch are on hold due to the U.S. government shutdown, delaying commercial operations.
Source: Reuters Business News
Gannett gets hostile bid from hedge fund-backed MNG
Newspaper chain MNG Enterprises Inc , controlled by secretive hedge fund Alden Global Capital LLC, on Monday offered to buy Gannett Co Inc in a $1.36 billion deal to add the USA Today and scores of other newspapers to its stable of regional publications.
Source: Reuters Business News