Facebook shares rise as products back in focus after strong fourth quarter
After 18 months of distraction defending itself over privacy and its role as a platform for electoral manipulation, Facebook Inc is focusing squarely on products after its strong fourth-quarter results won back investors, who sent its shares up nearly …
Trump upbeat on China trade talks but wants to meet Xi to cinch deal
U.S. President Donald Trump expressed optimism on Thursday about high-level trade talks with Chinese officials in Washington but said no final deal would be made until he meets with Chinese President Xi Jinping in the near future.
China offers Xi meeting with Trump in China next month: WSJ
China trade negotiators are proposing a meeting between Chinese President Xi Jinping and U.S. President Donald Trump in China next month, the Wall Street Journal reported on Thursday citing unnamed sources.
Raytheon’s mixed quarter and modest forecast hurt shares
Tomahawk missile maker Raytheon Co reported an 8.5 percent rise in fourth-quarter revenue on Thursday, but the lower than expected number along with a conservative 2019 profit and revenue forecast sent shares down.
Sprint loses fewer phone subscribers and beats on revenue
Sprint Corp on Thursday reported fewer-than-expected losses for phone subscribers who pay a monthly bill on a net basis and beat quarterly revenue estimates, as the U.S. wireless carrier has focused on improving profitability.
General Electric sales top Wall Street estimates, shares rally
General Electric Co beat estimates for sales and cash flow in the fourth quarter and said on Thursday it had reached a tentative deal to settle a subprime mortgage case with U.S. regulators, sending its shares sharply higher.
Watchdog fight erupts in Danske Bank scandal blame game
Danish and Estonian financial regulators are blaming each other for the Danske Bank money laundering scandal, which has highlighted the need for better cross-border surveillance.
OPEC oil output drops in January on Saudi cut, outages and sanctions
OPEC oil supply has fallen in January by the largest amount in two years, a Reuters survey found, as top exporter Saudi Arabia over-delivered on the group’s supply pact while Iran, Libya and Venezuela registered involuntary declines.
UBS bets on investment banking, wealth tie-up in bid for growth
UBS, the world’s biggest wealth manager, has appointed corporate banking veteran Christian Rosset to lead a new wealth management team tasked with strengthening corporate offerings for entrepreneur clients, the bank told employees this week.
ConocoPhillips beats profit estimates on higher production
ConocoPhillips beat quarterly profit estimates on Thursday as the world’s largest independent oil producer saw a rise in output from North America’s shale fields.
