GE renews break-up talk as it discloses $11 billion fourth quarter hit
(Reuters) – General Electric Co again raised the prospect of breaking up the conglomerate on Tuesday as it announced more than $11 billion in charges from its long-term care insurance portfolio and new U.S. tax laws.
German strikes spread to Daimler, union mulls escalation
BERLIN/FRANKFURT (Reuters) – Tens of thousands of German industrial workers downed tools on Tuesday in support of trade union IG Metall’s demands for a 6 percent pay rise and a right to the first new cut in weekly working hours since the 1980s.
GE to take $6.2 billion hit from insurance portfolio
(Reuters) – General Electric Co will take a $6.2 billion charge in its fourth quarter results for a more than decade-old insurance portfolio covering long-term healthcare costs, the company said on Tuesday.
Dow breaches 26,000 mark on robust earnings reports
(Reuters) – Wall Street’s main indexes rose sharply on Tuesday, with the Dow hitting the 26,000 mark for the first time, as the fourth-quarter earnings season kicked into high gear.
Dow hits 26,000 for first time
(Reuters) – The Dow Jones Industrial Average touched the 26,000-mark for the first time on Tuesday and other Wall Street indexes climbed as strong earnings from UnitedHealth and Citigroup helped lift the sentiment.
GM sees flat 2018 earnings, with pickups picking up in 2019
DETROIT (Reuters) – General Motors Co shares rose on Tuesday after the company said 2018 earnings will be largely flat compared with 2017 and forecast higher profits in 2019 when its revamped line of high-margin pickup trucks hits the U.S. market.
Shares stay on record run as metals skid
LONDON (Reuters) – Asia and Europe’s big bourses kept world shares on their record-breaking run on Tuesday, although a steadier dollar halted the sizzling start to the year for the euro, yen and yuan and sent metals markets skidding.
Citi profit tops estimates; books $22 billion tax charge
(Reuters) – Citigroup Inc on Tuesday reported quarterly profit that topped Wall Street expectations as growth in its global consumer banking business, led by solid gains in Asia and Latin America, made up for lower trading revenue.
Some 10,000 Daimler employees strike in push for higher wages
BERLIN (Reuters) – Some 10,000 workers at German carmaker Daimler AG walked off their shifts for an hour on Tuesday as they sought to persuade employers to give engineering workers around Germany more pay and a shorter working week.
Suppliers and staff count the cost of UK Carillion’s collapse
LONDON/EDINBURGH (Reuters) – The collapse of British services group Carillion started to hurt thousands of small contractors on Tuesday, with some laying off workers after the rapid demise of a company that was winning state contracts as recently as N…
