In a memo to employees, Morgan Stanley chief executive James Gorman announced a big executive shakeup. The bank has named Rob Rooney to oversee the US bank’s technology efforts, according to a memo reviewed by Business Insider. …read more […]
NEW YORK (Reuters) – The dollar broke into positive territory for the year and U.S. bond yields inched higher again on Tuesday as the recent rise in oil prices fueled expectations the Federal Reserve could flag more interest rate hikes at its policy meeting this week.
NEW YORK (Reuters) – Pfizer Inc on Tuesday reported lower-than-expected first-quarter revenue as demand for some key drugs and international sales fell short of estimates, sparking a 5.1 percent drop in shares of the largest U.S. drugmaker.
DETROIT (Reuters) – Major automakers on Tuesday posted lower U.S. new vehicle sales in April as consumer demand continued to weaken and competition intensified following a lengthy boom for the industry.
DETROIT (Reuters) – Major automakers on Tuesday posted lower new vehicle sales in April as consumer demand continued to weaken following a lengthy boom for the industry.
Nashville-based Gibson, whose legendary brands include Les Paul and SG, has been suffering under $500 million in debt linked to the acquisition of its consumer electronics business overseas, where sales have been in sharp decline. In a filing in U.S. Bankruptcy Court in Delaware, Gibson said the overseas consumer electronics business will be wound down, allowing it to re-focus on its core guitar-making and audio businesses. …read more […]
TORONTO, April 30, 2018– Pasinex Resources Limited (CSE:PSE) (FSE:PNX) (The “Company” or “Pasinex”) today reported net income for 2017 of $5.8 million; a 700 percent increase from 2016 net income of $0.8 million. Net income […]
WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross on Tuesday said the one-month extension of the exemption from new steel and aluminum tariffs granted to the European Union was the result of promising discussions to reduce trade tensions, and he does not anticipate granting exemptions to become a continuing practice.
WASHINGTON (Reuters) – The U.S. International Trade Commission said on Tuesday it will investigate certain gaming console systems from Nintendo Co Ltd after California-based Gamevice Inc filed a complaint alleging that their importation infringed on its patents.
WASHINGTON (Reuters) – U.S. factory activity slowed for a second straight month in April, weighed down by shortages of skilled workers and rising capacity constraints, but strengthening global demand continues to support manufacturing.
(Reuters) – U.S. stocks slipped on Tuesday as the latest batch of earnings from companies such as Pfizer and Tapestry disappointed investors already concerned about rising costs and protectionist policies.
U.S. enginemaker Cummins Inc said on Tuesday it was widening field repairs to include engines produced between 2010 and 2015 as it strives to quell regulators’ concerns that have already cost the company almost $200 million. In a first quarter results release that beat expectations on all main performance measures, the company took an initial charge of $187 million in relation to moves to upgrade engines after some systems failed emissions tests last year. It also warned of further charges of up to $400 million in the second quarter if …read more […]
(Reuters) – U.S. insurer MetLife Inc said on Tuesday John Hele retired as chief financial officer and will be succeeded by the company’s treasurer John McCallion.
(Reuters) – U.S. stocks opened lower on Tuesday after disappointing results from Pfizer, while concerns about inflation, rising costs and protectionist policies remained.
(Reuters) – U.S. stock index futures were down slightly on Tuesday after disappointing results from Pfizer, while investor concerns about inflation, rising costs and protectionist policies continued.
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