Morgan Stanley tops estimates on underwriting, wealth management
(Reuters) – Morgan Stanley’s adjusted quarterly profit topped Wall Street estimates on Thursday as strength in underwriting and wealth management offset a sharp but expected decline in bond trading revenue.
WhatsApp inches closer to revenue plan with accounts for businesses
SAN FRANCISCO (Reuters) – Messaging application WhatsApp said on Thursday that it would begin allowing business accounts for the first time, a step that brings the free service closer to a plan that would make money for its corporate parent, Facebook I…
Apple’s U.S. tax payment does not change EU’s Irish tax ruling
BRUSSELS (Reuters) – Apple’s announcement that it will pay $38 billion in U.S. tax on its overseas cash will not reduce the $16 billion tax bill the company owes Ireland following a European Union ruling, the EU’s executive said on Thursday.
Wall Street slips as healthcare, energy stocks drag
(Reuters) – Wall Street’s main indexes edged lower on Thursday as declines in healthcare and energy stocks paused a rally that had driven the Dow to its fastest ever 1,000 point gain.
Wall Street opens flat as energy stocks weigh
(Reuters) – Wall Street’s main indexes opened little changed on Thursday as energy stocks took a hit from lower oil prices.
EU antitrust regulators clear Qualcomm purchase of NXP
BRUSSELS (Reuters) – EU antitrust regulators have approved U.S. smartphone chipmaker Qualcomm’s planned $38 billion acquisition of NXP Semiconductors subject to a series of commitments Qualcomm has made.
Emirates hands Airbus A380 superjumbo a lifeline with $16 billion order
NANTES, France (Reuters) – Emirates announced a deal for up to 36 Airbus A380 aircraft on Thursday worth as much as $16 billion at list prices, saving the world’s biggest passenger jet from death row and securing its future for at least another decade…
U.S. housing starts fall; jobless claims hit 45-year low
WASHINGTON (Reuters) – U.S. homebuilding fell more than expected in December, recording its biggest drop in just over a year, amid a steep decline in the construction of single-family housing units following two months of hefty gains.
U.S. housing starts down sharply on drop in single-family units
WASHINGTON, Jan 18 (Reuters) – U.S. homebuilding fell more than expected in December, recording its biggest drop in just over a year, amid a steep decline in the construction of single-family housing units following two months of hefty gains.
Morgan Stanley’s wealth management business helps bank top estimates
(Reuters) – Morgan Stanley’s quarterly profit dropped almost 60 percent on a provision related to the new U.S. tax law, but adjusted profit beat analyst expectations as strength in wealth management offset a drop in trading revenue.
