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Updated: 33 min 15 sec ago

Oil rises about 3 percent on economic stability hopes

Tue, 01/15/2019 - 20:26
Oil prices rose about 3 percent on Tuesday, along with world stock markets, supported by China's plan to introduce policies to stabilize a slowing economy, reversing the previous session's losses due to grim data in the world's second-largest economy.
Categories: Financial Media

Shoe retailer Payless to explore options, including sale: sources

Tue, 01/15/2019 - 20:18
U.S. discount retailer Payless ShoeSource Inc has hired an adviser to help evaluate strategic alternatives, including a sale or restructuring, less than 18 months after it emerged from bankruptcy, people familiar with the matter said on Tuesday.
Categories: Financial Media

PG&E misses interest payment; bonds, shares dive

Tue, 01/15/2019 - 20:11
PG&E Corp bonds and shares plummeted after the California power company failed to make a $21.6 million interest payment due Tuesday on its 2040 senior notes, as it planned to seek Chapter 11 bankruptcy protection.
Categories: Financial Media

Best U.S. fund managers of '18 buying healthcare, pot stocks as market wobbles

Tue, 01/15/2019 - 20:05
The top-performing U.S. growth fund managers of the last year are taking the recent slide in the U.S. stock market to add to their bets in companies they expect will continue to expand regardless of the direction of the overall economy.
Categories: Financial Media

McDonald's loses 'Big Mac' trademark case to Irish chain Supermac's

Tue, 01/15/2019 - 20:00
McDonald's Corp has lost its rights to the trademark "Big Mac" in a European Union case ruling in favor of Ireland-based fast-food chain Supermac's, a decision from the EU's Spain-based Intellectual Property Office (EUIPO) showed.
Categories: Financial Media

U.S. charges hackers, traders with stealing SEC filings

Tue, 01/15/2019 - 19:08
U.S. authorities on Tuesday charged a suspected Ukrainian computer hacker and several traders with scheming to trade on market-moving corporate earnings news stolen from a U.S. Securities and Exchange Commission database.
Categories: Financial Media

Ex-Barclays trio 'cheated global financial system', Euribor trial told

Tue, 01/15/2019 - 18:39
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.
Categories: Financial Media

Fiat Chrysler looking at options to plug hole in its truck lineup: CEO

Tue, 01/15/2019 - 18:31
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.
Categories: Financial Media

As loans and revenue shrink, Wells Fargo leans on cost cuts

Tue, 01/15/2019 - 18:16
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.
Categories: Financial Media

Netflix raises prices for U.S. subscribers

Tue, 01/15/2019 - 18:09
Netflix Inc is raising monthly fees for its U.S. subscribers by between 13 percent and 18 percent, the video streaming pioneer's first price increase since 2017 as it spends heavily on original content and international expansion.
Categories: Financial Media

Delta Air warns of slowing revenue growth as government shutdown weighs

Tue, 01/15/2019 - 18:06
Delta Air Lines Inc posted a slight beat in fourth-quarter profit on Tuesday but warned of a decline in revenue growth this quarter and difficulties in introducing new aircraft because of the U.S. partial government shutdown.
Categories: Financial Media

PG&E misses interest payment on 2024 notes; bonds, shares plummet

Tue, 01/15/2019 - 18:03
The price of bonds and shares in PG&E Corp plummeted after the California power company failed to make a $21.6 million interest payment due Tuesday on its 2024 senior notes.
Categories: Financial Media

Airbnb says profitable for two straight years amid IPO talks

Tue, 01/15/2019 - 18:01
Home-renting company Airbnb Inc said on Tuesday it was profitable on an adjusted basis for the second year in a row, ahead of a widely anticipated initial public offering this year.
Categories: Financial Media

Exclusive: Jana liquidates two hedge funds, to focus only on activism

Tue, 01/15/2019 - 17:39
Jana Partners LLC, founded by Barry Rosenstein, is shutting down two stock-picking hedge funds following losses and will focus instead on its main strategy of investing in a handful of companies and pushing management to improve their performance.
Categories: Financial Media

U.S. charges suspected hacker, traders over SEC database hack

Tue, 01/15/2019 - 17:25
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.
Categories: Financial Media

Apollo Global nears deal to buy Arconic for more than $10 billion: WSJ

Tue, 01/15/2019 - 17:15
Apollo Global Management LLC is nearing a deal to buy U.S. aluminum products maker Arconic Inc for more than $10 billion, the Wall Street Journal reported on Tuesday.
Categories: Financial Media

Oil rises 2 percent on hopes for China economic stimulus

Tue, 01/15/2019 - 17:12
Oil prices rose about 2 percent on Tuesday, along with world stock markets, supported by China's plan to introduce policies to stabilize a slowing economy, reversing the previous session's losses due to grim data in the world's second-largest economy.
Categories: Financial Media

Netflix boosts Wall Street higher; bank earnings disappoint

Tue, 01/15/2019 - 16:58
U.S. stocks rose on Tuesday, as hopes of more stimulus for China's slowing economy and a jump in Netflix shares helped investors look past disappointing earnings from JPMorgan and Wells Fargo.
Categories: Financial Media

UnitedHealth profit beats expectations, shares rise

Tue, 01/15/2019 - 16:47
UnitedHealth Group Inc , the largest U.S. health insurer, beat Wall Street estimates for fourth-quarter profit on Tuesday, driven largely by growth in its Optum services business, including its pharmacy benefits unit.
Categories: Financial Media

Stocks climb on hopes for China stimulus; euro slips after data

Tue, 01/15/2019 - 16:36
Major world stock markets climbed on Tuesday, helped by hopes of more stimulus for China's economy, while the euro declined against the U.S. dollar following weak German economic data.
Categories: Financial Media

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