General Electric Co said on Thursday its current reserves for long-term care insurance policies were sufficient and it was looking to increase premiums to cover their rising cost.
Kroger Co projected annual profit below Wall Street estimates on Thursday, as the grocer spends billions of dollars on modernizing its stores and delivery to compete better with Walmart and Amazon.
U.S. stocks opened slightly lower on Thursday led by financial stocks as investors digested the European Central Bank’s move to push out its first post-crisis rate hike until at least 2020 and a new round of cheap loans to boost the euro zone economy.
Compliance and anti-money laundering staff are in hot demand in the Nordic financial sector following tougher regulations and a string of scandals involving the region’s top banks Danske Bank, Nordea and Swedbank.
The European Central Bank changed tack on its tightening plan on Thursday, pushed out the timing of its first post-crisis rate hike until 2020 at the earliest and offering banks a new round of cheap loans to help revive the euro zone economy.
Japan’s SoftBank Group is launching a $5 billion fund to invest in technology companies in Latin America, it said on Thursday, ramping up its tech ambitions beyond its huge Vision Fund.
Wall Street was set to eke out gains at the open on Thursday after the European Central Bank kept its interest rates unchanged, pushed out its first post-crisis rate hike to next year and offered banks new rounds of multi-year loans.
Wall Street was set to eke out gains at the open on Thursday after the European Central Bank kept its interest rates unchanged, pushed out its first post-crisis rate hike to next year and offered banks new rounds of multi-year loans.
The number of Americans filing applications for unemployment benefits unexpectedly fell last week, pointing to strong labor market conditions despite signs that job growth was slowing.
The European Central Bank pushed out the timing of its first post-crisis rate hike until 2020 at the earliest and offered banks new rounds of multi-year loans in a bid to revive the currency bloc’s slowing economy, it said on Thursday.
The European Central Bank slashed its growth and inflation forecasts for 2019 and lowered those for 2020 and 2021 on Thursday, acknowledging that Europe’s slowdown is longer and deeper than earlier thought.
Goldman Sachs, once one of the most active banks in commodities trading, has cut 10 roles to further downsize its global commodities trading division amid rising costs and shrinking profits.
SQN Investors LP dropped its threat of challenging Yelp Inc’s board of directors on Thursday, after the company unveiled steps to improve returns that echoed plans the hedge fund had proposed, according to a letter SQN sent to Yelp.
Futures pared earlier losses on Thursday to trade slightly higher after the European Central Bank pushed out the timing of its first post-crisis rate hike to next year and offered banks new rounds of multi-year cash.
The European Commission has accepted commitments offered by top Hollywood film studios and Sky UK on their pay-TV services that will allow European Union consumers outside Britain and Ireland to access films via satellite or online.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
