HSBC Holdings Plc aims to increase its Asia private banking headcount by two-thirds in five years and double client assets in eight as it eyes a bigger share of the business in the world’s fastest-growing wealth market, top executives said.
Shares of Dutch chipmaker NXP Semiconductors fell 4.4 percent on Tuesday after executives outlined their strategy after the collapse this year of a proposed merger with Qualcomm Inc but said they did not expect to raise gross margins to the level of rivals like Intel Corp .
Chief Executive Rick Clemmer and other executives said NXP wants to retain its leading position in supplying automotive chips and grow sales by 5 percent to 7 percent a year between now and the end of 2021, which the company said is about 50 percent more than the estimated growth rate of the chip industry. NXP also aims to boost its gross margins from the current level of about 53 percent to 55 percent by the end of 2019 and to as much as 57 percent by the end of 2021, while possibly selling off low-growth or low-margin businesses, …read more […]
The Federal Communications Commission, which is reviewing the planned merger of T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N), said on Tuesday it has paused its review clock to give the agency time to analyse new and anticipated submissions from the companies. The FCC said it was pausing the informal 180-day review clock, now at day 55, because of two new and complicated submissions from the companies and a third submission that the FCC has not yet received. T-Mobile said in a statement that it looked forward to working with the FCC in the review process. …read more […]
SEATTLE/PARIS (Reuters) – Boeing Co (BA.N) bounced back from a production snarl to deliver 48 single-aisle 737s in August and extended its lead over rival Airbus (AIR.PA) for new orders. Boeing’s August 737 deliveries, announced on Tuesday, were an improvement from the 29 delivered in July, which was one of its lowest monthly tallies in years, due to ongoing supplier delays that caused unfinished aircraft to pile up at its Renton, Washington plant. Boeing’s 737 and Airbus’ (AIR.PA) A320 family ofsingle-aisle jetliners are each aircraft makers’ cash cows, and deliveries translate into big payments from airlines. …read more […]
Boeing Co bounced back from a production snarl to deliver 48 single-aisle 737s in August and extended its lead over rival Airbus for new orders.
U.S. regulators have rejected Wells Fargo & Co’s plan to repay customers who were pushed into unnecessary auto insurance, telling the bank it must do more to ensure it has found and compensated every affected driver, three sources familiar with the matter told Reuters.
In the latest trading session, Cisco Systems (CSCO) closed at $47.03, marking a -0.09% move from the previous day. …read more […]
Tesla shares hitting a road block after a Nomura Instinet analyst lowered his rating on the stock to ‘neutral’ from ‘buy,’ saying the stock is “no longer investable” because of Elon Musk’s behavior. …read more […]
Find out why McDonald’s, Corning, and Starbucks are on this list of reliable income investments. …read more […]
Canaccord Genuity says the new ‘Just Do It’ campaign a ‘stroke of genius’ and a ‘significant sign of Nike’s strength and confidence in its position in the marketplace, one that likely does more good than harm.” …read more […]
The Federal Communications Commission, which is reviewing the planned merger of T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N), said on Tuesday it has paused its review clock to give the agency time to analyze new and anticipated submissions from the companies. The FCC said it was pausing the informal 180-day review clock, now at day 55, because of two new and complicated submissions from the companies and a third submission that the FCC has not yet received. A spokeswoman for T-Mobile said the company had no immediate comment. …read more […]
Find out what held these stocks back on an otherwise good day for the market. …read more […]
August’s third-quarter earnings report beat the Street, but management set the bar low in its fourth-quarter guidance. …read more […]
U.S. stocks rose on Tuesday as Apple led a jump in technology shares and a gain of more than 2 percent in oil prices drove up energy shares.
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