BofA net profit slumps on $2.9 billion tax charge, adjusted income beats
(Reuters) – Bank of America Corp’s net profit nearly halved compared with a year earlier as it booked a $2.9 billion charge stemming from the new federal tax law although it beat analysts’ estimates when adjusted for the charge.
Goldman Sachs swings to loss on tax charge
(Reuters) – Goldman Sachs Inc on Wednesday reported a quarterly loss, hit by a one-time charge of $4.40 billion from the sweeping tax code changes enacted by President Donald Trump.
Bitcoin slumps to $10,000, half its peak price, as regulatory fears grow
LONDON/TOKYO (Reuters) – Bitcoin skidded a further 12 percent on Wednesday, marking an almost halving in value from its peak price, with investors spooked by fears regulators could clamp down on the volatile cryptocurrency that skyrocketed last year.
Futures higher as investors weigh bank earnings
(Reuters) – U.S. stock futures pointed to a higher open for Wall Street on Wednesday as investors assessed earnings of Bank of America and U.S. Bancorp.
World shares pull back from record highs, set for second fall of 2018
LONDON (Reuters) – World shares pulled back from record highs on Wednesday, set for only their second day of losses in 2018 as lower commodity prices and a string of downbeat updates from companies dampened the mood in global markets.
U.S. charges Barclays forex trader with fraud
LONDON (Reuters) – The U.S. Department of Justice (DoJ) has charged a Barclays foreign exchange trader over his alleged role in a scheme to defraud a client of the bank, the DoJ said.
Exclusive: J&J attracts Chinese interest for diabetes business in potential $3-4 billion deal – sources
HONG KONG (Reuters) – Chinese bidders are circling a diabetes care business owned by the world’s largest healthcare company Johnson & Johnson in a deal that could fetch up to $4 billion, five people with direct knowledge told Reuters.
Britain needs to give companies more time to save Carillion-linked jobs: union
LONDON (Reuters) – The British government needs to allow more time for firms to take on workers whose jobs are threatened by the collapse of outsourcer Carillion , the head of one of Britain’s biggest trade unions said on Wednesday.
GE appoints new CEO for Europe
(Reuters) – Industrial conglomerate General Electric has appointed Peter Stracar chief executive and president of its European region, the company said in a statement.
Stocks pull back from record highs, set for second day of losses in new year
LONDON (Reuters) – World shares pulled back from record highs on Wednesday, set for only their second day of losses in the new year as lower commodity prices and a string of downbeat updates from companies dampened the mood in global markets.
