Credit Suisse posts third straight annual loss on U.S. tax writedown
ZURICH (Reuters) – Credit Suisse on Wednesday posted a smaller-than-expected 2017 loss of 983 million Swiss francs ($1.05 billion) as a 2.3 billion franc writedown triggered by U.S. tax reform kept the bank from its first year in the black since CEO Ti…
In Trump’s first year, U.S. agency doubles solar investments abroad
LOS ANGELES (Reuters) – The United States government doubled its financial support for solar power projects overseas last year under a climate-friendly investment policy written in the last days of the Obama administration, according to a Reuters revie…
Walmart goes to the cloud to close gap with Amazon
SAN BRUNO/SUNNYVALE, Calif. (Reuters) – One of Walmart Inc’s best chances at taking on Amazon.com Inc in e-commerce lies with six giant server farms, each larger than ten football fields.
Toshiba appoints ex-banker as CEO, forecasts first profit in four years
TOKYO (Reuters) – Toshiba Corp appointed a former banker from a key creditor bank as CEO and forecast its first annual profit in four years, making progress in its efforts to recover from billions of dollars in losses at its U.S. nuclear unit Westingho…
Gasoline, rents seen lifting U.S. monthly CPI; annual rates to slow
WASHINGTON (Reuters) – U.S. consumer prices likely increased solidly in January, boosted by rising gasoline and rents, but annual inflation growth is expected to have slowed as the large price gains from last year drop out of the calculation.
Sam’s Club consolidates membership structure, offers free shipping
(Reuters) – Warehouse chain Sam’s Club, a unit of Walmart Inc, said on Wednesday it will consolidate its membership structure for customers and improve its e-commerce offerings by adding free shipping and opening more e-commerce warehouses this year.
South Korean union protests GM plant closure move, calls it a “death sentence”
SEOUL (Reuters) – Workers at a General Motors (GM) plant in South Korea that the U.S. automaker plans to close staged a protest on Wednesday, saying the decision was a “death sentence” that had not been discussed with unions.
Asia shares wary of U.S. inflation, dollar breaks down
SYDNEY (Reuters) – Asian share markets turned mixed on Wednesday as investor nerves were strained ahead of a U.S. inflation report that could soothe, or inflame, fears of faster rate hikes globally.
Toshiba says to appoint ex-banker as next CEO
TOKYO (Reuters) – Japan’s Toshiba Corp said on Wednesday it is appointing Nobuaki Kurumatani, a former executive of Sumitomo Mitsui Financial Group, as its chairman and chief executive.
U.S. restaurant workers target low wages in campaign against sexual harassment
(Reuters) – Restaurant workers in seven U.S. cities on Tuesday lobbied state and local lawmakers to combat sexual harassment in the industry by shifting from the $2.13 federal minimum wage for tipped employees to a higher “fair” wage.
