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.
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.
Delta Air Lines Inc on Tuesday forecast a further fall in unit revenue growth in the first quarter of 2019, adding to growing concerns about airlines’ ability to raise fares in an uncertain global economy.
While growing up in Seattle, Enrique Rico’s mom cleaned the posh homes of Microsoft employees. When Rico tagged along on sick days from school, he dreamed of having the life of a technology worker.
UnitedHealth Group Inc beat Wall Street estimates for fourth-quarter profit on Tuesday, helped by growth in services business as well as its mainstay health insurance plans.
JPMorgan Chase & Co reported a lower-than-expected quarterly profit as weakness in bond trading due to spikes in market volatility at the end of the year more than offset gains from higher interest rates and loan growth.
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.
Struggling California power company PG&E Corp said on Tuesday Roger Kimmel, vice chairman of investment banking firm Rothschild Inc, had resigned from company’s board.
UnitedHealth Group Inc , the largest U.S. health insurer, reported a better-than-expected quarterly profit on Tuesday, mainly helped by growth in its services business.
Huawei’s [HWT.UL] founder Ren Zhengfei on Tuesday rejected claims his company is used by the Chinese government to spy and said he missed his daughter, who is being held by Canadian authorities, the Financial Times newspaper reported.
Nissan plans to file a civil suit against ousted chairman Carlos Ghosn to claim for damages resulting from alleged misuse of company funds, a person with knowledge of the issue said, which would add to the high profile executive’s legal headaches.
Facebook Inc will invest $300 million over three years in local news globally as it faces blistering criticism over its role in the erosion of the news business worldwide.
Three cargoes of U.S. crude are heading to China from the U.S. Gulf Coast, trade sources said on Monday, the first departures since late September and a 90-day pause in the two countries’ trade war that began last month.
A patent lawsuit filed by Qualcomm Inc against Apple Inc was thrown out by a German court on Tuesday, in a reversal for the U.S. chipmaker after it won a recent court ban on the sale of some iPhones in the country.
Oil prices rose on Tuesday amid supply cuts by producer club OPEC and Russia, although a darkening economic outlook may soon weigh on growth in fuel demand.
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