Exclusive: UPS weighs strategy to deliver bulky goods to boost growth
(Reuters) – United Parcel Service Inc is in talks with at least one U.S. trucking firm to launch an in-home delivery service for large, heavy goods such as couches and treadmills, as the world’s largest package deliverer looks to cash in on one the fa…
U.S. mortgage applications fall as loan rates hit four and a half year peak: MBA
NEW YORK (Reuters) – U.S. mortgage applications fell last week as interest rates on some 30-year fixed-rate home loans reached their highest levels in more than 4-1/2 years, the Mortgage Bankers Association said on Wednesday.
Apple shares rise after sales quell iPhone worries
(Reuters) – Shares of Apple Inc rose 3 percent on Wednesday after the company’s quarterly report and current-quarter iPhone sales forecast calmed investor nerves about a potential slowdown in sales of its flagship product.
S&P, Dow open lower ahead of Fed decision
(Reuters) – The S&P and Dow opened slightly lower on Wednesday as caution set in ahead of the Federal Reserve’s decision on monetary policy, while Apple’s 3.6 percent jump after results helped small gains on the tech-heavy Nasdaq.
App redesign haunts Snap as investors flee stock
(Reuters) – Shares of Snap Inc fell 17 percent on Wednesday, a day after the Snapchat owner missed first-quarter user targets and said revenue growth would see a substantial slowdown in the current quarter as backlash over the app’s redesign kept adver…
Unilever defends move to Dutch HQ
LONDON (Reuters) – Unilever defended its plan to move its headquarters to the Netherlands at what could be its last London annual general meeting on Wednesday, saying the decision had nothing to do with protectionism or Dutch takeover rules.
EU will not negotiate U.S. tariffs under threat: EU’s Juncker
BRUSSELS (Reuters) – European Commission President Jean-Claude Juncker said on Wednesday the European Union will not accept threats in talks with the United States to secure a permanent exemption from U.S. import tariffs on steel and aluminum.
GM to provide loans to Korean unit, state-run bank to receive shares -sources
SEOUL (Reuters) – General Motors’ planned $3.6 billion cash infusion to rescue its South Korean business will be in the form of loans, while Korea Development Bank (KDB) will receive preference shares for its $750 million investment in GM Korea, two s…
Chesapeake beats on profit as combined costs fall
(Reuters) – Chesapeake Energy Corp’s quarterly profit exceeded analysts’ estimates on Wednesday, as it produced more oil and natural gas at higher prices while continuing to lower costs, pulling shares in the company around 3 percent higher.
Apple bumps up futures ahead of Fed decision
(Reuters) – Apple’s forecast-beating results helped U.S. stock futures edge higher on Wednesday, even as investors were wary ahead of the Federal Reserve’s monetary policy decision.
