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GE profit tops estimates as cost-cutting kicks in

Global Business News Reuters - 8 hours 55 min ago
(Reuters) - General Electric Co posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher.
Categories: Global news, Market News

Wells Fargo agrees to pay $1 billion to settle customer abuses

Global Business News Reuters - 9 hours 11 min ago
(Reuters) - Wells Fargo & Co has agreed to pay $1 billion to settle with U.S. regulators who said it abused customers in its auto and mortgage businesses, the bank and regulators said on Friday.
Categories: Global news, Market News

Wall Street slips on tech, oil weakness

Global Business News Reuters - 9 hours 39 min ago
(Reuters) - U.S. stock indexes fell on Friday on weakness in technology stocks and as energy companies were hit by lower oil prices after President Donald Trump criticized OPEC for artificially high prices.
Categories: Global news, Market News

Nissan to cut hundreds of jobs at UK plant as diesel demand slides: source

Global Business News Reuters - 10 hours 15 min ago
LONDON (Reuters) - Nissan will cut hundreds of jobs at its Sunderland plant, Britain's biggest automotive factory, as it tackles declining demand for diesel models across Europe, a source told Reuters on Friday.
Categories: Global news, Market News

Porsche's head of powertrain development arrested, source says

Global Business News Reuters - 10 hours 25 min ago
HAMBURG (Reuters) - German police arrested the head of powertrain development at Volkswagen's Porsche business and are holding him on remand because he is considered a flight risk, a person familiar with the matter said on Friday.
Categories: Global news, Market News

Exclusive: Lockheed Martin to propose stealthy hybrid of F-22 and F-35 for Japan - sources

Global Business News Reuters - 11 hours 8 min ago
TOKYO (Reuters) - U.S. defense contractor Lockheed Martin Corp plans to offer Japan a stealth fighter design based on its export-banned F-22 Raptor and advanced F-35 Lightning II aircraft, two sources said.
Categories: Global news, Market News

Boeing, Brazil's Embraer close to tie-up: report

Global Business News Reuters - 11 hours 51 min ago
SAO PAULO (Reuters) - Talks aimed at a tie-up between planemakers Boeing Co and Embraer SA that also involve Brazil's government are at an advanced stage, O Estado de S. Paulo newspaper reported on Friday, citing unnamed sources.
Categories: Global news, Market News

Biogen boosts investment in neurology with $1 billion Ionis deal

Global Business News Reuters - 11 hours 58 min ago
(Reuters) - U.S. drugmaker Biogen Inc rolled out part of its $37 billion investment warchest on Friday, signing a $1 billion deal that seeks to expand on the strength of an existing partnership with Ionis Pharmaceuticals Inc.
Categories: Global news, Market News

China trade body urges tighter corporate compliance after ZTE woes: document

Global Business News Reuters - 13 hours 7 min ago
BEIJING (Reuters) - A state-backed Chinese trade body said compliance is now a core risk for Chinese firms and that the government must speed up the implementation of guidelines on corporate oversight following a U.S. ban on sales to ZTE Corp.
Categories: Global news, Market News

GE's profit from continuing operations surges

Global Business News Reuters - 13 hours 17 min ago
(Reuters) - General Electric Co's quarterly profit from continuing operations more than tripled on Friday, helped by strength in its aviation and healthcare businesses.
Categories: Global news, Market News

Facebook to roll out political ad feature in time for German state vote

Global Business News Reuters - 13 hours 30 min ago
BERLIN (Reuters) - Facebook said on Friday it would roll out a new feature designed to make political advertising more transparent in time for a key German regional election, as it seeks to restore trust after a massive data breach.
Categories: Global news, Market News

Asian oil demand to hit record, but industry can't take eyes off Middle East

Global Business News Reuters - 13 hours 37 min ago
SINGAPORE (Reuters) - Asian oil demand will hit a record in April just as global crude values are lifted to levels not seen in three years by Middle East supply risks and top exporter Saudi Arabia withholding output and noisily pushing for prices at $80 to $100 per barrel.
Categories: Global news, Market News

Oil set for weekly gain on supply cuts, strong demand

Global Business News Reuters - 13 hours 38 min ago
LONDON (Reuters) - Oil prices were set for a second consecutive week of gains on Friday, buoyed by tightening supplies and continued support from OPEC and its allies on supply cuts.
Categories: Global news, Market News

Chips down: China aims to boost semiconductors as trade war looms

Global Business News Reuters - 13 hours 46 min ago
BEIJING (Reuters) - China has long pushed the development of top-end semiconductors as a key strategic objective.
Categories: Global news, Market News

Global stocks set for second week of gains, commodities ease

Global Business News Reuters - 14 hours 57 min ago
LONDON (Reuters) - World stocks dipped on Friday but were set for a second week of gains after a strong start to the global corporate earnings season, while a rally in commodity prices fizzled out.
Categories: Global news, Market News

China Huarong confirms chairman departs after probe, shares tumble

Global Business News Reuters - 16 hours 44 min ago
SHANGHAI/HONG KONG (Reuters) - China Huarong Asset Management Co confirmed its chairman Lai Xiaomin, who is under investigation for alleged corruption, had stepped down, sparking an 11 percent tumble in shares of the nation's biggest bad debt manager on Friday.
Categories: Global news, Market News

Asia tech shares spooked by phone warning, oil near highs

Global Business News Reuters - 17 hours 7 min ago
SYDNEY (Reuters) - Asian shares slipped on Friday as a warning on smartphone demand from the world's largest contract chipmaker slugged the tech sector, while high oil prices stirred inflation fears and undermined sovereign bonds.
Categories: Global news, Market News

China's ZTE slams U.S. ban on sales, says company's survival at risk

Global Business News Reuters - 17 hours 14 min ago
HONG KONG (Reuters) - China's ZTE Corp said on Friday that a U.S. ban on the sale of parts and software to the company was unfair and threatens its survival, and vowed to safeguard its interests through all legal means.
Categories: Global news, Market News

Japan's Takeda shares drop as investors fret over Shire pursuit

Global Business News Reuters - 17 hours 39 min ago
TOKYO (Reuters) - Takeda Pharmaceutical Co Ltd shares lost almost 5 percent of their value on Friday as investors fretted over the size of any deal the Japanese firm would have to make to seal its record-breaking purchase of London-listed Shire PLC.
Categories: Global news, Market News

End of Sorrell's reign heralds change for big ad empires

Global Business News Reuters - 17 hours 55 min ago
LONDON (Reuters) - Martin Sorrell's departure from the world's biggest advertising company heralds change for his sprawling WPP empire and may accelerate a shake up of the big ad groups that followed his lead.
Categories: Global news, Market News
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