Airbus says ministers signal optimism Britain will avoid ‘no-deal Brexit’
The chief executive of European planemaker Airbus said on Wednesday British ministers had expressed a “certain degree of optimism” that Britain would not leave the European Union without a transition deal.
Airbus spends $300 million on new Alabama plant for A220 jet
Airbus SE expanded its industrial presence in the United States on Wednesday, starting construction on a new assembly plant for the Canadian developed A220 jetliner, 18 months after agreeing to buy the plane in the midst of a U.S.-Ottawa trade dispute….
Citi says female employees earn 29 percent less than men
(This Jan. 16 story corrects to include gender pay gap at Citi when accounting for similar positions and geographies)
BofA’s loan growth drives better-than-expected profit
Bank of America Corp’s quarterly profit topped analyst estimates on Wednesday as a growing loan book helped it ride out year-end market turbulence, sending the lender’s shares up more then 5 percent.
Market turmoil hits BlackRock’s bottom line in fourth quarter
BlackRock Inc , the world’s largest fund manager, reported a smaller-than-expected quarterly profit on Wednesday due to financial market turmoil, but investors celebrated the company’s strong sales of relatively low-fee funds.
Gains in Goldman, BofA drive Wall Street to four-week high
Bank stocks drove Wall Street to a one-month high on Wednesday after strong earnings from Bank of America and Goldman Sachs, with a multi-billion dollar deal in the fintech sector adding to the boost.
London taxi maker names former Audi executive as new CEO
The London Electric Vehicle Company (LEVC), which makes the city’s popular black taxis, named former Audi executive Joerg Hofmann as its new chief executive, succeeding Chris Gubbey who will step down next month.
Yelp’s top investor says shares could surge to $55-$65
SQN Investors LP said on Wednesday Yelp Inc’s shares could surge to between $55 and $65, up to 80 percent above its current price, if the customer review company appoints new board members and considers selling itself.
Goldman Sachs CEO apologizes for ex-banker’s role in 1MDB scandal
Goldman Sachs Chief Executive Officer David Solomon on Wednesday apologized to the Malaysian people for former banker Tim Leissner’s role in the sovereign wealth fund 1MDB scandal, but said the bank had conducted due diligence before every transaction…
Companies cry out for Brexit clarity, warn on no-deal
Furious companies facing weeks more uncertainty over an ever closer Brexit lashed out at politicians on Wednesday, and warned of chaos at ports and catastrophic job losses if Britain failed to secure a withdrawal deal with the European Union.
