Stocks rise on hopes for China stimulus; euro slips on data
Major world stock markets climbed on Tuesday, helped by hopes of more stimulus for China’s economy, while the euro declined against the U.S. dollar following weak German economic data.
U.S. charges hackers, traders with stealing SEC filings
U.S. authorities on Tuesday charged a suspected Ukrainian computer hacker and several traders with scheming to trade on market-moving corporate earnings news stolen from a U.S. Securities and Exchange Commission database.
PG&E misses interest payment on 2040 notes; bonds, shares plummet
The price of bonds and shares in PG&E Corp plummeted after the California power company failed to make a $21.6 million interest payment due Tuesday on its 2040 senior notes.
Netflix, tech rally lift Wall Street as investors shrug off weak bank results
U.S. stocks rose on Tuesday as Netflix spurred a rally in technology and internet stocks and UnitedHealth posted strong results, while hopes of more stimulus for China’s slowing economy encouraged buying in risky assets.
Ex-Barclays trio ‘cheated global financial system’, Euribor trial told
Three former Barclays bankers cheated the global financial system to gain an unfair edge over counterparties in a five-year plot to rig Euribor interest rates, a London prosecutor alleged on Tuesday.
Fiat Chrysler looking at options to plug hole in its truck lineup: CEO
Fiat Chrysler Automobiles NV Chief Executive Mike Manley told Reuters on Tuesday he is open to partnerships to develop a new midsize pickup truck the automaker could sell in Latin America and other markets outside the United States to compete with mod…
As loans and revenue shrink, Wells Fargo leans on cost cuts
Wells Fargo & Co’s loan book shrank and revenue fell across all its major businesses last quarter, as the fourth-largest U.S. lender continued to work through the consequences of wayward sales practices at its consumer bank.
Delta Air warns of slowing revenue growth as government shutdown weighs
Delta Air Lines Inc posted a slight beat in fourth-quarter profit on Tuesday but warned of a decline in revenue growth this quarter and difficulties in introducing new aircraft because of the U.S. partial government shutdown.
PG&E misses interest payment on 2024 notes; bonds, shares plummet
The price of bonds and shares in PG&E Corp plummeted after the California power company failed to make a $21.6 million interest payment due Tuesday on its 2024 senior notes.
Airbnb says profitable for two straight years amid IPO talks
Home-renting company Airbnb Inc said on Tuesday it was profitable on an adjusted basis for the second year in a row, ahead of a widely anticipated initial public offering this year.
