Asian shares dip as commodities ease, bitcoin licks wounds
TOKYO (Reuters) – Asian stocks stepped back from a record high on Wednesday as the region’s resource shares were hit by falling oil and commodity prices while digital currencies tumbled on worries about tighter regulations.
Ford’s 2017 profit misses Wall Street estimates
DETROIT (Reuters) – Ford Motor Co on Tuesday estimated financial results for 2017 and 2018 that fell short of investor expectations, in a downbeat forecast that contrasted with a more positive outlook from rival General Motors Co .
Automakers, U.S. lawmakers hope for progress on self-driving car bill
DETROIT (Reuters) – Automakers and lawmakers expressed hope on Tuesday that U.S. Congress would soon pass a stalled bill aimed at speeding self-driving cars to market, even as safety advocates argued for more performance requirements.
Bitcoin falls 25 percent to $10,200 on Bitstamp exchange
SYDNEY (Reuters) – Bitcoin had lost a quarter of its value in early Asian trading on Wednesday as fears grew of a regulatory crackdown after reports that South Korea’s finance minister said banning trading in cryptocurrencies was still an option.
GE reignites break-up talk after $11 billion insurance, tax hit
NEW YORK (Reuters) – General Electric Co indicated it is looking closely at breaking itself up on Tuesday as the conglomerate announced more than $11 billion in charges from its long-term care insurance portfolio and new U.S. tax laws.
Wall St. eases as oil prices, General Electric fall
NEW YORK (Reuters) – Wall Street paused its rally on Tuesday, weighed down by weakness in General Electric shares and as lower oil prices dragged down the energy sector.
Railroad operator CSX’s revenue misses as shipments fall
(Reuters) – CSX Corp reported lower-than-expected revenue for the fourth quarter due to a drop in shipments, but beat Wall Street’s earnings targets on better prices and cost controls, capping a tumultuous year for the third-largest U.S. railroad oper…
NYSE to launch new NYSE National exchange in second quarter
NEW YORK (Reuters) – New York Stock Exchange parent Intercontinental Exchange Inc (ICE) plans to launch its fourth U.S. stock market, NYSE National, in the second quarter, according to a recent regulatory filing.
Exclusive: Mexico’s Pemex chose Japan’s Mitsui to complete Tula coking plant – sources
MEXICO CITY (Reuters) – Mexican state oil company Pemex [PEMX.UL] has chosen Japanese conglomerate Mitsui as its partner for a $2.6 billion coking plant project at its Tula refinery in a preliminary deal, two sources told Reuters this week.
Railroad operator CSX posts 6 percent drop in quarterly revenue
(Reuters) – CSX Corp , the third-largest U.S. railroad operator, reported a 6 percent fall in fourth-quarter revenue from the year earlier quarter, when it had an extra fiscal week.
