Delta, United profit beats encourage sector, but shutdown impact looms
Delta Air Lines Inc and United Airlines kicked off fourth-quarter earnings reporting for the sector on Tuesday with profits that beat Wall Street expectations, but the rippling effects of a government shutdown could take a toll on the current quarter…
Nordstrom holiday same-store sales rise 1.3 percent
Nordstrom Inc said on Tuesday its comparable store sales during the crucial months of November and December rose 1.3 percent.
Snap CFO Stone to resign less than a year into role
Chief Financial Officer Tim Stone will be leaving Snap Inc less than a year after taking the job, the company said on Tuesday, the latest in a string of executive departures from Snap over the past year.
Ralph Winter office to invest $300 million in Medici U.S. shared housing
Medici Living Group said on Tuesday the family office of German real estate investor Ralph Winter has agreed to invest $300 million over three years to develop 1,300 U.S. units of Medici’s Quarters brand of shared housing for young professionals.
United profit beats forecasts as new flights from hubs pay off
United Airlines on Tuesday reported a fourth-quarter profit that easily beat Wall Street forecasts, sending shares higher, as the No. 3 U.S. carrier scheduled more flights out of its hubs and won back customers after a series of public relations disast…
France seeks Renault board meeting to replace Ghosn: sources
The French government is moving to dismiss Renault’s scandal-hit Chairman and Chief Executive Carlos Ghosn and has requested a board meeting to consider candidates to replace him, sources with knowledge of the matter told Reuters.
Citi says chance of delay to Brexit now ‘very high’
U.S. investment bank Citi said on Tuesday there is now a “very high” chance that Brexit will be delayed past March 29, after lawmakers defeated Prime Minister Theresa May’s Brexit divorce deal by a crushing margin.
Netflix, China boost Wall Street as investors shrug off Brexit vote
U.S. stocks rose on Tuesday as technology and internet stocks gained on Netflix Inc’s plans to raise fees for U.S. subscribers and hopes of more stimulus for China’s slowing economy fostered a risk-on mood among investors.
Stocks rise on China hopes; sterling rebounds as Brexit vote fails
Major world stock markets climbed on Tuesday on hopes of more stimulus for China’s economy, while sterling rebounded from the day’s lows after British lawmakers defeated Prime Minister Theresa May’s deal on withdrawing from the European Union.
United profit beats forecasts as bolstered hub strategy pays off
United Airlines on Tuesday reported a fourth-quarter profit that beat Wall Street forecasts, as the No. 3 U.S. carrier scheduled more flights out of its hubs and won back customers after a series of public relations disasters.
