Disney profit boosted by fans flocking to parks, movies
Walt Disney Co results beat Wall Street estimates on Thursday thanks to summer crowds that swarmed into its theme parks and filled theaters showing Marvel movie “Ant-Man and the Wasp.”
Japan’s corporate image hit by falsification scandal: poll
Almost three-quarters of Japanese firms said the recent data falsification scandal involving KYB Corp , a maker of earthquake shock absorbers, has hurt Japan’s corporate image, a Reuters poll found, although few saw any impact on their businesses.
Japanese firms see U.S. trade talks boosting exports despite Trump rhetoric
Half of Japanese companies expect new trade talks with Washington to boost their U.S.-bound exports, a Reuters poll found, despite President Donald Trump’s intensifying drive to cut the trade gap between the two major economies.
U.S. sues UBS, alleges fraud in mortgage securities
The U.S. government on Thursday filed a civil fraud lawsuit accusing UBS Group AG , Switzerland’s largest bank, of defrauding investors in its sale of residential mortgage-backed securities leading up to the 2008 global financial crisis.
Disney tops profit targets as fans flock to parks, movies
Walt Disney Co reported a quarterly profit that topped Wall Street estimates on Thursday, driven by summer crowds at the company’s theme parks and big audiences for Marvel movie “Ant-Man and the Wasp.”
Tesla names director Denholm to replace Musk as board chair
Tesla Inc has named director Robyn Denholm as board chair, fulfilling a demand by the U.S. Securities and Exchange Commission to strip the job from Elon Musk, the electric car maker’s wayward chief executive who has dragged the company through months o…
Wall Street falls after Fed statement, energy shares tumble
The S&P 500 and Nasdaq closed slightly lower on Thursday after a Federal Reserve statement, and energy stocks were the biggest drag on the S&P as U.S. crude oil prices fell.
Equities fall after Fed keeps rates on hold, dollar up
World equity markets declined on Thursday, snapping a seven-session winning streak, with U.S. stocks on the defensive and the dollar strengthening after the Federal Reserve kept interest rates unchanged.
Fed leaves rates unchanged, says U.S. economy strong
The U.S. Federal Reserve held interest rates steady on Thursday but remained on track to keep gradually tightening borrowing costs, as it pointed to a healthy economy that was marred only by a dip in the growth of business investment.
Canada at odds with U.S. changes to text of trade deal: source
Canada is pushing back against U.S. attempts to change the text of their September trade pact and the issue may have to be referred to ministers to settle, a Canadian source with direct knowledge of the matter said on Thursday.
