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Home2018

Year: 2018

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Business News

Austrian court blocks Uber in Vienna: taxi group

April 25, 2018 admin Comments Off on Austrian court blocks Uber in Vienna: taxi group

ZURICH (Reuters) – A commercial court in Vienna has issued a temporary injunction to stop ride-hailing service Uber from operating in Vienna, a taxi company that had sued Uber said on Wednesday.

…read more […]

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Business News

Trump, Apple CEO to meet as U.S.-China trade row roils tech sector

April 25, 2018 admin Comments Off on Trump, Apple CEO to meet as U.S.-China trade row roils tech sector

WASHINGTON (Reuters) – President Donald Trump will meet with Apple Inc Chief Executive Officer Tim Cook on Wednesday, as the technology industry finds itself in the crosshairs of a U.S. trade spat with China, a manufacturing hub for the iPhone maker and other companies.

…read more […]

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Business News

Basel tells big banks that simple might be better

April 25, 2018 admin Comments Off on Basel tells big banks that simple might be better

LONDON (Reuters) – Big investment banks should accept that simple may be better when it comes to new rules for capital requirements to protect them from trading risks, a top regulator said on Wednesday.

…read more […]

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Dow futures erase losses after strong Boeing results

April 25, 2018 admin Comments Off on Dow futures erase losses after strong Boeing results

(Reuters) – Dow Jones Industrial Average futures erased losses on Wednesday after Boeing reported strong results and forecast, but concerns about rising U.S. bond yields and corporate costs continued to weigh on U.S. stocks.

…read more […]

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Business News

Boeing cruises past forecasts as margins, sales grow

April 25, 2018 admin Comments Off on Boeing cruises past forecasts as margins, sales grow

(Reuters) – Boeing Co’s profit jumped by more than half in the first quarter, surging past Wall Street forecasts, and strong sales of commercial jets led it to raise its forecasts for cash flow and earnings after a record 2017.

…read more […]

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Business News

Glass Lewis urges vote against Deutsche Boerse board actions at AGM

April 25, 2018 admin Comments Off on Glass Lewis urges vote against Deutsche Boerse board actions at AGM

FRANKFURT (Reuters) – Influential proxy adviser Glass Lewis has recommended shareholders in Deutsche Boerse vote against ratifying the actions of the management and supervisory boards at the exchange’s 2018 annual general meeting.

…read more […]

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Stock futures slip as U.S. yield holds above 3 percent

April 25, 2018 admin Comments Off on Stock futures slip as U.S. yield holds above 3 percent

(Reuters) – U.S. equity futures pointed to a fifth day of losses for the main indexes on Wednesday, spooked by a rise in bond yields and nerves ahead of earnings from scandal-hit Facebook.

…read more […]

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Business News

China’s ZTE will take ‘certain actions’ against U.S. ban

April 25, 2018 admin Comments Off on China’s ZTE will take ‘certain actions’ against U.S. ban

(Reuters) – China’s ZTE Corp said on Wednesday it planned to take “certain actions” under U.S. laws following a ban by the U.S. government on American firms doing business with the company.

…read more […]

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Business News

Boeing beats profit estimates, margins rise

April 25, 2018 admin Comments Off on Boeing beats profit estimates, margins rise

(Reuters) – Boeing Co on Wednesday reported a higher-than-expected quarterly profit and raised its full-year forecast for earnings per share and cash flow, boosted by strong demand for air travel.

…read more […]

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Twitter trounces estimates as growth moves overseas

April 25, 2018 admin Comments Off on Twitter trounces estimates as growth moves overseas

(Reuters) – Twitter Inc reported its second profitable quarter on Wednesday and topped Wall Street estimates for revenue and monthly active users, as advertisers in Asia and other markets outside the United States embraced its video ads.

…read more […]

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Sky pulls support for Murdoch bid as Comcast confirms offer

April 25, 2018 admin Comments Off on Sky pulls support for Murdoch bid as Comcast confirms offer

LONDON (Reuters) – Sky withdrew its recommendation of Rupert Murdoch’s contested bid for the European pay-TV group after rival Comcast submitted a higher, 22 billion-pound ($31 billion) cash offer on Wednesday.

…read more […]

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Business News

Stocks slide toward longest losing streak of the year

April 25, 2018 admin Comments Off on Stocks slide toward longest losing streak of the year

LONDON (Reuters) – Shares were on their way to the longest losing streak of the year on Wednesday, as an advance in U.S. bond yields beyond 3 percent and warnings from top global firms about rising costs fed fears a boom in earnings may have peaked.

…read more […]

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Business News

Rolls-Royce, Airbus to collaborate on new UltraFan engine

April 25, 2018 admin Comments Off on Rolls-Royce, Airbus to collaborate on new UltraFan engine

LONDON (Reuters) – Rolls-Royce and Airbus have signed a deal to collaborate on development of the UltraFan, a new engine that is intended to 25 percent more fuel efficient than the earliest version of the Trent engine, the British company said on Wednesday.

…read more […]

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Business News

Twitter beats estimates as growth moves overseas; shares jump

April 25, 2018 admin Comments Off on Twitter beats estimates as growth moves overseas; shares jump

(Reuters) – Twitter Inc reported its second profitable quarter on Wednesday and topped Wall Street estimates for revenue and monthly active users, as advertisers in Asia and other markets outside the United States embraced Twitter’s video ads.

…read more […]

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Porsche appeals against seizure of files in emissions raid

April 25, 2018 admin Comments Off on Porsche appeals against seizure of files in emissions raid

BERLIN (Reuters) – Porsche has appealed against the seizure of files by prosecutors during a raid last week on the sports car brand’s premises related to inquiries into emissions manipulations, prosecutors said.

…read more […]

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