Exxon Mobil names MetLife CEO Kandarian to its board
HOUSTON (Reuters) – Exxon Mobil Corp , the world’s largest publicly-traded oil producer, named MetLife Inc Chief Executive Steven Kandarian to its board of directors on Thursday.
S&P 500’s January gain suggests momentum for a strong 2018
(Reuters) – One of the oldest Wall Street adages dictates: “So goes January, goes the year.” After the S&P 500’s gain of almost 6 percent in the first month of 2018, that should mean the rest of the year will follow suit.
Guess shares slump after model Kate Upton tweets about executive
(Reuters) – Guess Inc shares fell more than 14 percent on Thursday following a tweet by model and actress Kate Upton about the company’s co-founder using the #MeToo hashtag designed to highlight sexual harassment.
Airbnb says no IPO in 2018, names first COO
SAN FRANCISCO (Reuters) – Short-term home rental service Airbnb Inc will not go public this year, the company said on Thursday, and it appointed its first chief operating officer as it pursues global growth and tighter management of its finances as a m…
Trucks, SUVs shine in mixed U.S. January sales; cars less so
DETROIT (Reuters) – Automakers posted mixed U.S. new vehicle sales data for January, with American consumers showing little sign they will stop abandoning passenger cars for the larger pickup trucks, SUVs and crossover models that manufacturers also lo…
Blackstone sees data, not desktop products, as future of Thomson Reuters unit
NEW YORK (Reuters) – Blackstone Group LP President Tony James said on Thursday the future of the Thomson Reuters Financial and Risk business is in data, not in selling terminal desktop products to traders, bankers and investors.
Tech, bank stocks lead Wall Street higher
(Reuters) – Wall Street rose in early afternoon trading on Thursday, reversing from earlier losses, as strong reports from Facebook and Microsoft led the technology sector higher and hawkish comments from the Federal Reserves lifted bank stocks.
U.S. factory activity cools; job market remains strong
WASHINGTON (Reuters) – U.S. factory activity slowed in January amid a fall in new orders, but an unexpected drop in the number of Americans filing for unemployment benefits last week pointed to sustained labor market strength that should underpin domes…
Trucks, SUVs shine in U.S. January sales; cars not so much
DETROIT (Reuters) – Major automakers posted mixed U.S. new vehicle sales figures for January, as American consumers showed little sign of halting their shift away from passenger cars in favor of the larger, more comfortable, pickup trucks, SUVs and cro…
Bitcoin slides as Facebook ad ban, India clampdown unnerve investors
LONDON (Reuters) – Bitcoin, the world’s largest cryptocurrency, skidded 11 percent on Thursday to its lowest since November, as a Facebook ban on cryptocurrency adverts and a growing regulatory backlash against the nascent market frightened investors.
