Carmaker JLR urges UK lawmakers to prevent a no-deal Brexit
Britain’s biggest carmaker Jaguar Land Rover (JLR) urged lawmakers to rule out the possibility that the country leaves the European Union without a deal, to prevent companies from having to make costly contingency planning.
Oil steady as worries over global economy, supply glut weigh
Oil prices steadied on Wednesday after climbing about 3 percent in the previous session, with worries about the global economy and forecasts of swelling U.S. production dampening sentiment.
Ferrari chairman reiterates support for CEO Camilleri
John Elkann, chairman of Ferrari and main shareholder Exor , reiterated his support for Ferrari chief executive Louis Camilleri, denying speculation a top management purge could be on the cards.
U.S. start-up CommonGrounds raises $100 million, unveils ‘hackable’ shared office
CommonGrounds, a California start-up trying to carve out a niche in the crowded flexible workspace sector with movable office walls, has raised $100 million from three investors, including the Emirati developer of Dubai’s Burj Khalifa, the world’s tall…
Ford sees weaker-than-expected fourth quarter, uncertainty in 2019
Ford Motor Co forecast a weaker-than-expected fourth quarter profit and provided a cloudier 2019 outlook due to tariff costs and uncertainty over Britain’s exit from the European Union, sending shares down more than 3.5 percent on Wednesday.
BofA’s loan growth powers better-than-expected profit
Bank of America Corp’s quarterly profit topped analyst estimates on Wednesday as its growing loan book helped it ride out year-end market volatility.
Goldman’s revenue beat powered by M&A bankers, equity traders
Goldman Sachs topped analysts’ revenue estimates on Wednesday as strength in its equities desk and M&A advisory cushioned losses from bond trading, making it the only Wall Street bank so far to show growth in fourth-quarter trading revenue.
Goldman, BofA earnings boost to drive Wall Street higher at open
Wall Street was set to extend gains on Wednesday, after hitting a four-week high in the previous session, as strong earnings from Goldman Sachs and Bank of America as well as a $22 billion deal in the fintech sector lifted sentiment.
U.S. import prices fall; year-on-year drop largest since 2016
U.S. import prices fell for a second straight month in December as the cost of petroleum products tumbled and a strong dollar curbed prices of other goods, leading to the largest year-on-year drop in more than two years.
Snap shares hit by second CFO exit in a year
Shares of Snap Inc fell 9 percent in early trading on Wednesday after Tim Stone became the second finance chief to leave the Snapchat operator in a year since a much-criticized redesign.
