Upbeat earnings boost Wall Street
U.S. stocks edged higher on Tuesday, as upbeat results from Coca-Cola, Twitter and a host of industrial companies allayed investor concerns about slowing profits.
Exclusive: After U.S. sanctions, Venezuela seeks to collect some oil payments via Rosneft
(This April 18 story corrects to make clear Reuters could not determine payments were made under the proposed arrangement, removes reference to Evrofinance Mosnarbank and clarifies that experts see no violation of sanctions)
Lower mortgage rates, prices lift U.S. new home sales to one-and-a-half-year high
Sales of new U.S. single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices.
Verizon raises profit forecast, loses more phone subscribers
Verizon Communications Inc on Tuesday raised its 2019 profit forecast and beat Wall Street estimates for quarterly profit as it focuses on cost cuts, but the U.S. wireless carrier lost more phone subscribers than analysts had expected.
Top shareholder won’t back Bayer management in AGM vote: sources
Bayer’s largest shareholder, fund manager BlackRock, will not support the German company’s management in a key vote at its annual general meeting (AGM) on Friday, two people familiar with the situation told Reuters.
Bumblebee movie boost transforms Hasbro first quarter; shares surge
Hasbro Inc reported a surprise quarterly profit on Tuesday as the box-office success of Transformers movie spin-off “Bumblebee” charged sales of its action toys, putting the company’s shares on track for their best day in more than two decades.
Analysts at Lyft underwriters say buy falling stock
Wall Street’s public opinion of Lyft Inc took a major turn for the positive on Tuesday, after analysts at many of the banks that worked on its initial public offering urged clients to buy the ride hailer’s underperforming shares.
Waymo picks Detroit factory for self-driving fleet, to be operational by mid-2019
Alphabet Inc’s Waymo said on Tuesday it had chosen a factory in Detroit to mass produce self-driving cars, looking to the historical heart of the auto industry to build the vehicles of the future.
Wall Street opens higher as technology shares gain
U.S. stocks opened higher on Tuesday, led by gains in technology stocks and upbeat earnings from a handful of companies including Coca-Cola and Twitter.
EU watchdogs give banks no leeway on Brexit-driven hub demands
European Union regulators are refusing to cut British-based banks any slack over bulking up in the bloc in preparation for Brexit, despite an extension to the process which some have taken as an opportunity to drag their feet.
