Nissan launches new Altima into a sputtering U.S. sedan market
NEW YORK (Reuters) – Japanese automaker Nissan Motor Co Ltd on Wednesday unveiled an all-new Altima sedan, and demonstrated the auto industry’s problem adjusting new-model investments fast enough to keep pace with shifts in consumer demand.
Stella McCartney to buy brand in full from Kering
PARIS (Reuters) – Kering and fashion label Stella McCartney said on Wednesday they had agreed to end their 17 year partnership, as the British designer behind the brand buys the 50 percent owned by the French luxury goods group.
BlackBerry beats profit estimates on higher margins
(Reuters) – BlackBerry Ltd reported a fourth-quarter profit on Wednesday that beat analysts’ estimates and said it expects strong billings at its high-margin software and services business for the full year.
CME Group in advanced talks to buy Britain’s NEX for $5.4 billion
(Reuters) – U.S. exchange operator CME Group is in advanced talks to buy Britain’s NEX Group for about 3.8 billion pounds ($5.4 billion) to create a cross-border trading powerhouse.
FANG stocks’ bite has U.S. fund managers looking for alternatives
NEW YORK (Reuters) – Fund managers have begun to ditch so-called FANG stocks that powered the U.S. stock market to record highs in January and are slowly rotating into commodity-related shares and other value stocks which typically outperform in late-c…
CEO says committed to Deutsche Bank amid reports of successor search
FRANKFURT (Reuters) – John Cryan, the chief executive of Deutsche Bank , said in a memo to staff on Wednesday he was “absolutely committed” to the lender, a day after Reuters and other news organizations reported the bank was searching for a new boss.
Nasdaq trims losses as Facebook, Microsoft gain
(Reuters) – The Nasdaq Composite index pared losses on Wednesday as gains in Microsoft and Facebook helped lessen the impact of Amazon’s losses.
Facebook tweaks privacy tools to ease discontent over data leak
(Reuters) – Facebook Inc has adjusted privacy settings to give users more control over their information in a few taps, it said on Wednesday, after an outcry over a whistleblower’s allegations that members’ data was used to sway the 2016 U.S. election…
Amazon sheds $53 billion in market value after report on Trump threat
(Reuters) – Amazon.com Inc shares fell as much as 7.4 percent on Wednesday, wiping about $53.6 billion from its market value after U.S. President Donald Trump reportedly indicated he wanted to rein in the U.S. technology and retail group.
U.S. fourth-quarter growth revised up to 2.9 percent; consumer spending surges
WASHINGTON (Reuters) – U.S. economic growth slowed less than previously estimated in the fourth quarter as the biggest gain in consumer spending in three years partially offset the drag from a jump in imports.
