Atlas Copco fourth quarter operating profit lags forecast, shares fall
STOCKHOLM (Reuters) – Atlas Copco , one of the world’s biggest makers of compressors and underground mining equipment, on Friday reported a fourth quarter operating profit below market forecasts and said it expected demand to stay at the current level …
Shell buying spree cranks up race for clean energy
LONDON (Reuters) – Royal Dutch Shell has spent over $400 million on a range of acquisitions in recent weeks, from solar power to electric car charging points, cranking up its drive to expand beyond its oil and gas business and reduce its carbon footpr…
World stocks set for 10th straight week of gains, euro jumps
LONDON (Reuters) – World stocks were set for their 10th straight week of gains on Friday, while the euro jumped more than half a percent as comments by U.S. officials this week advocating their support for a weak dollar reverberated through currency ma…
Growth at UBS’s U.S. investment lags boss’s ambitions
ZURICH (Reuters) – UBS’s investment banking business in the United States is doing well but lags its boss’s ambitions, he said on Friday.
Asia stocks rise for 11th straight session, Trump helps dollar bounce
TOKYO (Reuters) – Asian stocks extended their winning run to the 11th day on Friday, while the battered dollar won back some ground after President Donald Trump said he wanted a strong U.S. currency.
U.S. wage growth, tax-bonuses spark shopping in retail stocks
NEW YORK (Reuters) – U.S. fund managers are betting that rising wages and the effects of the Republican-led corporate tax cut will prove a lifeline to middle-market retailers who have struggled to remain relevant in the age of Amazon.
Consumers, businesses seen buoying U.S. economic growth in fourth-quarter
WASHINGTON (Reuters) – The U.S. economy likely maintained a brisk pace of growth in the fourth quarter, driven by an acceleration in consumer and business spending, which could set it on course to attain the Trump administration’s 3 percent annual grow…
Dell considering acquisitions or possible IPO: sources
(Reuters) – U.S. computer maker Dell Technologies Inc is exploring a range of options that could see the world’s largest privately held technology company grow further through acquisitions or go public, people familiar with the matter said on Thursday….
Dell considering options including IPO, VMware merger: source
(Reuters) – PC-maker Dell Technologies Inc is considering strategic options including a public share offering and a merger with its majority owned New York-listed unit, VMware Inc , a source familiar with the matter told Reuters on Thursday.
Walmart to launch online grocery delivery in Japan in deal with Rakuten
NEW YORK/TOKYO (Reuters) – Walmart has struck a partnership with e-commerce firm Rakuten Inc to launch an online grocery delivery service in Japan, its latest effort to forge an alliance with a popular homegrown chain to crack a competitive market.
