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Updated: 2 hours 7 min ago

GE expects rebound after tough 'reset' year in 2019; shares climb

Thu, 03/14/2019 - 16:32
General Electric Co promised on Thursday that its earnings would improve in 2020 and beyond after a difficult, "reset" year in 2019, sending shares higher in midday trading.
Categories: Financial Media

Higher store investments to hit Dollar General profit, shares fall 10 pct

Thu, 03/14/2019 - 16:24
Dollar General Corp will plow back a part of its 2019 profit to revamp its supply chain and add self-checkout lanes at its stores as it competes with online grocers and U.S. chains Walmart Inc and Kroger Co.
Categories: Financial Media

Junior trader files harassment, discrimination lawsuit against UBS

Thu, 03/14/2019 - 16:21
A former junior trader who accused UBS of mishandling a complaint of rape and sexual assault by senior colleagues against her has filed a claim in the UK for damages against the Swiss lender, legal documents seen by Reuters show.
Categories: Financial Media

Ethiopian jet's black box seen damaged but intact in photo

Thu, 03/14/2019 - 16:20
France's air accident investigation agency on Thursday released a picture of the doomed Ethiopian Airlines jet's flight data recorder, which appeared to show the crash-proof housing protecting the critical recording chip intact.
Categories: Financial Media

Toyota investing $749 million in five U.S. plants, adding 586 jobs

Thu, 03/14/2019 - 16:19
Toyota Motor Corp said on Thursday it will invest $749 million in five U.S. plants and add 586 jobs as it boosts engine production capacity and adds new hybrid models to its lineup.
Categories: Financial Media

GE expects tough 'reset' year in 2019, then a rebound; shares climb

Thu, 03/14/2019 - 15:14
General Electric Co said on Thursday that 2019 would be a difficult, "reset" year, but promised a better performance in terms of earnings from 2020 and beyond, sending shares higher.
Categories: Financial Media

Microsoft targets video game developers, in challenge to Amazon's cloud dominance

Thu, 03/14/2019 - 15:09
Microsoft Corp on Thursday said it is combining elements of its video game and Azure cloud computing businesses to target game developers also being courted by industry leader Amazon.com's cloud services.
Categories: Financial Media

Toyota investing $749 million in five U.S. plants, adding 586 jobs: statement

Thu, 03/14/2019 - 15:06
Toyota Motor Corp said Thursday it is investing $749 million in five U.S. plants and adding 586 jobs as it boosts engine production capacity and adds new hybrid models.
Categories: Financial Media

U.S. Treasury's Mnuchin expects elements of China trade talks resolved soon

Thu, 03/14/2019 - 15:01
The Trump administration is discussing a thick tome of ideas with Chinese officials as the two sides seek a trade deal, with Washington expecting some elements to be resolved soon, a top administration official said.
Categories: Financial Media

Ethiopia crash black boxes probed in France, families mourn

Thu, 03/14/2019 - 14:56
Investigators in France took possession of the crashed Ethiopian Airlines jet's black boxes on Thursday, seeking clues into a disaster that has grounded Boeing's global 737 MAX fleet and left scores of families mourning and angry.
Categories: Financial Media

U.S. labor market softening; imported inflation benign

Thu, 03/14/2019 - 14:43
The number of Americans filing applications for unemployment benefits increased more than expected last week, suggesting the labor market was slowing, but probably not to the extent implied by a near-stall in job growth in February.
Categories: Financial Media

Russia's top banks plot temporary sanctions workaround: sources

Thu, 03/14/2019 - 14:34
Leading Russian banks are working on plans to help each other retain at least short-term access to the global financial system in the event that they are hit by fresh U.S. sanctions, sources familiar with the matter told Reuters.
Categories: Financial Media

NTSB sending three to France to assist in Boeing 'black box' review

Thu, 03/14/2019 - 14:31
The U.S. National Transportation Safety Board is sending three investigators to France Thursday to assist with the downloading and analysis of flight recorders from the Ethiopian Airlines Boeing 737 MAX 8 that crashed Sunday near Addis Ababa, Ethiopia killing 157 people.
Categories: Financial Media

Wall Street dips on trade uncertainty, weak new home sales data

Thu, 03/14/2019 - 14:30
U.S. stocks fell on Thursday weighed by concerns of a delay in trade talks between the United States and China, and data which showed a higher-than-expected fall in new home sales in January.
Categories: Financial Media

European shares surge after UK parliament votes down no-deal Brexit

Thu, 03/14/2019 - 14:23
European shares rallied to more than five-month highs on Thursday, boosted by fading risks of a no-deal Brexit and overcoming fears about a possible delay in trade talks between the United States and China.
Categories: Financial Media

Facebook users take to Twitter to rail about outage

Thu, 03/14/2019 - 14:19
Facebook Inc struggled to restore its services fully on Thursday after a 17-hour partial outage made the world's largest social network inaccessible to users across the globe, driving a wave of online complaints.
Categories: Financial Media

Abu Dhabi state investor Mubadala halts business with Goldman Sachs amid 1MDB lawsuit

Thu, 03/14/2019 - 14:02
Abu Dhabi state investor Mubadala has suspended any new business dealings with Goldman Sachs since its subsidiary filed a lawsuit in November against the U.S. bank and others to recover losses suffered through its dealings with Malaysian state fund 1MDB.
Categories: Financial Media

Audi seeks closer ties to Porsche in cost-cutting drive

Thu, 03/14/2019 - 13:28
Audi will make greater use of vehicle platforms and technologies developed with Porsche and Volkswagen as it embarks on a 15 billion euro cost cutting and efficiency drive, Chief Executive Bram Schot said on Thursday.
Categories: Financial Media

'Positive signs' in Airbus-China talks, says French official

Thu, 03/14/2019 - 13:26
There are encouraging signs that European planemaker Airbus is closing in on a long-negotiated deal with China for dozens of new narrow-body jets, an aide to French President Emmanuel Macron said on Thursday.
Categories: Financial Media

Higher store spending to hit Dollar General 2019 profit, shares fall

Thu, 03/14/2019 - 13:26
Dollar General Corp forecast 2019 profit below analysts' expectations on Thursday as the discount retailer ramps up spending on stores to pull in more customers, sending its shares down more than 7 percent.
Categories: Financial Media

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