Financial Media

ECB concerned by reports Spanish bank BBVA hired firm to spy in 2004: sources

Reuters Business News - 1 hour 31 min ago
The ECB has expressed concerns over reports that Spanish bank BBVA hired a former police chief in 2004 to spy on a would-be buyer and some of its officials have discussed it with the bank, a source with knowledge of the situation told Reuters.
Categories: Financial Media

Health, defense stocks help Wall St grind higher

Reuters Business News - 1 hour 36 min ago
U.S. stocks eked out gains on Thursday to consolidate near a one-month high, helped by advances in healthcare and industrial shares and as the financial sector shrugged off Morgan Stanley's disappointing earnings.
Categories: Financial Media

Hedge fund pushes for share buyback at Gulfport to boost stock price

Reuters Business News - 1 hour 53 min ago
Firefly Value Partners said on Thursday that it wants Gulfport Energy Corp. to buy back $500 million worth of shares, an action the hedge fund argues could help double the stock price of the natural gas and oil company.
Categories: Financial Media

Before start of new oil pact, OPEC made progress averting glut

Reuters Business News - 2 hours 10 min ago
OPEC cut oil output sharply in December before a new accord to limit supply took effect, it said on Thursday, suggesting that producers have made a strong start to averting a glut in 2019 as a slowing economy curbs demand.
Categories: Financial Media

Britain's RBS seeks investor backing for share buyback plan

Reuters Business News - 2 hours 21 min ago
Royal Bank of Scotland will consult with shareholders on plans to buyback shares owned by the British government using excess capital to accelerate a return to private ownership.
Categories: Financial Media

Volatile market hits Morgan Stanley's trading, wealth management

Reuters Business News - 2 hours 26 min ago
Morgan Stanley's quarterly profit fell short of expectations as bond trading revenue slumped more than rivals and its wealth management business faltered, sending its shares down more than 5 percent.
Categories: Financial Media

Lampert wins Sears bankruptcy auction with $5.2 billion bid

Reuters Business News - 2 hours 32 min ago
Sears Holdings Corp Chairman Eddie Lampert won a bankruptcy auction to buy the once iconic U.S. retailer after presenting an improved offer of $5.2 billion, Sears said on Thursday, allowing it to keep its more than 400 stores running.
Categories: Financial Media

Trade war shifts feed for U.S. hogs away from ethanol byproduct

Reuters Business News - 2 hours 49 min ago
A steep downturn in U.S. ethanol output linked to the trade war with China is raising costs for American farmers who feed a byproduct of the corn-based biofuel to hogs, cattle and chickens.
Categories: Financial Media

Leslie Moonves challenges $120 million severance denial by CBS

Reuters Business News - 3 hours 3 min ago
Leslie Moonves, who resigned under pressure as CEO of CBS Corp, is challenging the company's decision to deprive him of $120 million in severance pay, according to a regulatory filing on Thursday.
Categories: Financial Media

Stocks little changed amid China, trade worries; pound stabilizes

Reuters Business News - 3 hours 11 min ago
Concern over China's economic outlook and global trade left major world stock indexes little changed on Thursday, while an end to the latest chapter in Britain's exit from the European Union helped to stabilize sterling.
Categories: Financial Media

U.S. labor market strong; mid-Atlantic factory activity improves

Reuters Business News - 3 hours 17 min ago
The number of Americans filing applications for jobless benefits unexpectedly fell last week, pointing to sustained labor market strength that should continue to underpin the economy.
Categories: Financial Media

Explainer: Why Siemens-Alstom rail merger is creating European tensions

Reuters Business News - 3 hours 29 min ago
Germany's Siemens and France's Alstom agreed in 2017 to merge their rail assets, hoping to create a European industrial champion. But the EU's competition authority has doubts about the deal and could turn it down, despite the companies offering to take steps to clinch it.
Categories: Financial Media

Audemars Piguet and Swiss watch rivals hasten shift to in-house sales

Reuters Business News - 4 hours 8 min ago
Swiss watchmakers Audemars Piguet and Richard Mille are snapping up stakes in their franchised shops, seeking to tighten their grip on the sales network as a growing number of top brands ditch wholesalers.
Categories: Financial Media

Russia to boost investment in Serbian economy & increase gas supplies

RT Business News - 4 hours 31 min ago
Russia’s sovereign wealth fund and its partners are planning to increase investments in Serbia, with $500 million likely to be added in the next two years. Current Russian investments in the country total $2 billion.
Read Full Article at RT.com
Categories: Financial Media

Out of this world: Crimea’s cosmic spaceship hotel welcomes first guests (VIDEO)

RT Business News - 4 hours 44 min ago
A truly extraordinary hotel has opened its doors to tourists in the small Russian town of Alushta in Crimea. The new spaceship-themed complex is also a museum and entertainment center all-in-one.
Read Full Article at RT.com
Categories: Financial Media

Hitachi halts UK nuclear project as energy supply crunch looms

Reuters Business News - 4 hours 53 min ago
Japan's Hitachi Ltd put a $28 billion nuclear power project in Britain on hold on Thursday, dealing a blow to the country's plans for the replacement of aging plants.
Categories: Financial Media

Banks turn stocks red, pound finds some peace

Reuters Business News - 5 hours 10 min ago
Concern over China's economic outlook and possible U.S. tariffs on European cars dragged stocks lower on Thursday, while an anti-climactic end to the latest chapter in the Brexit saga offered sterling a moment's peace.
Categories: Financial Media

Wall Street slips at open after Morgan Stanley results

Reuters Business News - 5 hours 11 min ago
U.S. stocks dipped at open on Thursday, retreating from one-month highs, hit by losses in financial stocks after Morgan Stanley's weak results and energy shares hurt by a drop in oil prices.
Categories: Financial Media

Germany considers barring Huawei from 5G networks

Reuters Business News - 5 hours 25 min ago
The German government is debating whether to follow the United States and allies like Australia in restricting China's Huawei Technologies from accessing its next-generation mobile networks on national-security grounds.
Categories: Financial Media

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