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Updated: 1 hour 36 min ago

Weak U.S. producer prices support tame inflation picture

Tue, 01/15/2019 - 16:03
U.S. producer prices dropped by the most in more than two years in December as the cost of energy products and trade services fell, adding to signs of tame inflation that may allow the Federal Reserve to be patient about raising interest rates this year.
Categories: Financial Media

As loans and revenue shrink, Wells Fargo touts cost cuts

Tue, 01/15/2019 - 16:01
Wells Fargo & Co on Tuesday said its loan book shrank and quarterly revenue fell in all of its major businesses, especially consumer banking, sending its shares lower.
Categories: Financial Media

Walgreens and Microsoft partner to develop digital healthcare services

Tue, 01/15/2019 - 15:37
Drugstore chain Walgreens Boots Alliance Inc and Microsoft Corp said on Tuesday they have entered a seven-year agreement to research and develop new methods of delivering healthcare services through digital devices.
Categories: Financial Media

JPMorgan misses fourth-quarter profit estimates as bond trading slumps

Tue, 01/15/2019 - 15:07
JPMorgan Chase & Co , the largest U.S. bank by assets, on Tuesday reported a slump in bond trading revenue that it blamed on market volatility and a smaller-than-expected quarterly profit.
Categories: Financial Media

U.S. producer prices post biggest drop in over two years

Tue, 01/15/2019 - 14:59
U.S. producer prices fell by the most in more than two years in December amid declines in the costs of energy products and trade services, adding to signs of tame inflation that could allow the Federal Reserve to be patient about raising interest rates this year.
Categories: Financial Media

French court cancels Monsanto weedkiller permit on safety grounds

Tue, 01/15/2019 - 14:55
A French court canceled the license for one of Monsanto's glyphosate-based weedkillers on Tuesday over safety concerns, in the latest blow to the Bayer-owned business.
Categories: Financial Media

Oil rises 2 percent on supply cuts but global slowdown looms

Tue, 01/15/2019 - 14:42
Oil prices rose around 2 percent on Tuesday amid production cuts by OPEC and Russia as well as signs of lower U.S. oil stocks, but grim Chinese economic data raised fears for global growth.
Categories: Financial Media

S&P 500 opens flat as JPMorgan results weigh

Tue, 01/15/2019 - 14:39
The S&P 500 opened little changed on Tuesday, as an early boost from hopes of more Chinese stimulus for the slowing economy faded following poor results from JPMorgan.
Categories: Financial Media

Petrobras board nominee fined in 2016 for insider trading: documents

Tue, 01/15/2019 - 14:26
One of three new board members nominated by Brazil's government to sit on the board of state-run oil company Petroleo Brasileiro SA was fined in 2016 by securities regulator CVM for insider trading, according to CVM documents on the ruling seen by Reuters.
Categories: Financial Media

Delta growth to slow further in first quarter as shutdown weighs

Tue, 01/15/2019 - 14:22
Delta Air Lines Inc on Tuesday forecast a further decline in revenue growth per mile flown in the first quarter, hit by a partial government shutdown and worries about whether airlines can raise fares in an uncertain global economy.
Categories: Financial Media

U.S. holiday shoppers spend record $126 billion online: Adobe

Tue, 01/15/2019 - 14:21
U.S. shoppers spent a record $126 billion on online shopping during the 2018 holiday season, taking advantage of early discounts on and other websites and with more people using smartphones to place their orders, Adobe Analytics said on Tuesday.
Categories: Financial Media

UnitedHealth says performing better than first-quarter consensus estimate suggests

Tue, 01/15/2019 - 14:17
UnitedHealth Group Inc is performing better in 2019 than suggested by the Wall Street analyst consensus for first-quarter adjusted earnings, Chief Financial Officer John Rex said on Tuesday during a conference call with investors.
Categories: Financial Media

VW, Ford team up on trucks, eye deals on EVs, self-driving cars

Tue, 01/15/2019 - 14:13
Volkswagen AG and Ford Motor Co said on Tuesday they will join forces on commercial vans and pickups and are exploring shared development of electric and self-driving technology, actions meant to save the automakers billions of dollars.
Categories: Financial Media

Walmart opts to leave CVS partnerships over pricing dispute

Tue, 01/15/2019 - 14:10
Walmart Inc has opted to end its involvement in the network of commercial and Medicaid pharmacies run by CVS Health Corp after the two companies failed to agree on pricing, CVS said on Tuesday.
Categories: Financial Media

Wells Fargo revenue misses on weakness in consumer banking

Tue, 01/15/2019 - 13:44
Wells Fargo & Co on Tuesday reported quarterly revenue that missed analysts' estimates, as revenue across all its banking units declined, especially at community banking, the unit at the center of its 2016 sales scandal.
Categories: Financial Media

Stocks tripped by earnings angst, sterling huddled for Brexit vote

Tue, 01/15/2019 - 13:21
Spluttering noises from Germany and an earnings miss from banking giant JP Morgan dragged back stocks on Tuesday, while Britain's pound hovered near a two-month high ahead of a crucial parliamentary vote on Brexit.
Categories: Financial Media

Exclusive: Brazil's Odebrecht offers debt-for-equity swap for Atvos unit - sources

Tue, 01/15/2019 - 13:13
Corruption-ensnared Odebrecht SA has proposed that creditors take over its sugar and ethanol unit, Atvos Agroindustrial Participacoes SA, in exchange for reducing Odebrecht's huge debt load, according to two sources with knowledge of the matter.
Categories: Financial Media

Delta Air quarterly profit more than triples

Tue, 01/15/2019 - 12:09
Delta Air Lines Inc's profit more than tripled in the fourth quarter compared to a year earlier and the second largest U.S. carrier forecast unit revenue, a closely watched measure of performance, to be flat to up 2 percent in the first quarter.
Categories: Financial Media

PG&E restructuring highlights arcane California legal rule

Tue, 01/15/2019 - 12:03
PG&E Corp's chances of emerging from bankruptcy proceedings hinge in part on an arcane California legal rule that threatens to keep the utility owner perpetually on the hook for liabilities from catastrophic wildfires even beyond the more than $30 billion the company expects to face from recent blazes.
Categories: Financial Media

JPMorgan profit rises 67 percent from a year earlier

Tue, 01/15/2019 - 11:55
JPMorgan Chase & Co on Tuesday reported a 67 percent rise in fourth-quarter profit from a year ago, when it took a $2.4 billion charge due to an overhaul of the U.S. tax code.
Categories: Financial Media