Business

Big U.S. banks end third quarter on high note

(Reuters) – Wall Street’s top investment banks enjoyed a strong third quarter as strength in stock trading and equity underwriting added to the benefits from a strong U.S. economy and tax reforms. A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson On Tuesday, Morgan Stanley (MS.N) showed gains from investment banking ...

Read More »

U.S. industrial output rises; job openings at record high

WASHINGTON (Reuters) – U.S. industrial production increased for a fourth straight month in September, boosted by gains in manufacturing and mining output, but momentum slowed sharply in the third quarter. An employee works on the sealer line in the paint department during a tour of an automobile plant in Marysville, Ohio October 11, 2012. REUTERS/Paul Vernon/File Photo Other data on ...

Read More »

Activist investor Icahn takes stake in Dollar Tree – NY Post

(Reuters) – Billionaire activist investor Carl Icahn is accumulating a significant stake in discount chain Dollar Tree Inc (DLTR.O), the New York Post reported on Tuesday. FILE PHOTO — Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo Icahn’s plans for the stake were ...

Read More »

Walmart warns it will ‘test a lot, fail a lot;’ cuts profit forecast

(Reuters) – Walmart Inc’s (WMT.N) chief executive officer on Tuesday urged investors to rethink the company’s business, touting its various tech investments to grow online sales at a time it is battling Amazon.com (AMZN.O) for market share. FILE PHOTO: The logo of Walmart is seen outside of a new Walmart Store in San Salvador, El Salvador, August 21, 2018. REUTERS/Jose ...

Read More »

Uber IPO proposals value company at $120 billion – WSJ

(Reuters) – Ride-hailing giant Uber Technologies Inc [UBER.UL] could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported on Tuesday. FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo The ...

Read More »

U.S. judge approves settlement between SEC, Tesla and Musk

(Reuters) – A U.S. judge on Tuesday approved the settlement between the Securities and Exchange Commission, Tesla Inc (TSLA.O) and its Chief Executive Officer Elon Musk. FILE PHOTO: Tesla Motors CEO Elon Musk reveals the Tesla Energy Powerwall Home Battery during an event in Hawthorne, California, U.S., April 30, 2015. REUTERS/Patrick T. Fallon/File Photo Musk agreed to pay a $20 ...

Read More »

Sears faces tough foe: an unforgiving bankruptcy code

(Reuters) – When Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, it said it would close another 142 unprofitable Sears and Kmart locations and seek to reorganize around financially healthier stores. It also triggered a “time bomb” that retailers have had a tough time surviving. A derelict Sears store is seen in Santa Monica, California, United States, October ...

Read More »

Equity trading strength boosts profits at Morgan Stanley, Goldman

(Reuters) – Wall Street’s top investment banks reported better-than-expected quarterly profits on Tuesday, helped by strength in stock trading and equity underwriting, wrapping up what has been a strong quarter for the big U.S. banks. A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson Morgan Stanley’s (MS.N) gains from investment banking ...

Read More »
Skip to toolbar