Facebook shares slip after News Feed overhaul
(Reuters) – Shares of Facebook Inc fell 4 percent on Friday after Chief Executive Mark Zuckerberg announced changes to the platform’s centerpiece News Feed that he said would hit user engagement in the near term.
Wells Fargo profit boosted by one-time tax benefit
(Reuters) – Wells Fargo & Co posted an 18 percent rise in fourth-quarter profit on Friday, driven by a one-time tax benefit related to President Donald Trump’s new tax laws.
JPMorgan profit beats on higher interest rates; debt trading down
(Reuters) – JPMorgan Chase & Co , the biggest U.S. bank by assets, reported a higher-than-expected quarterly profit on Friday as gains in net interest income offset a slowdown in trading revenue.
Futures rise as investors assess big bank earnings
(Reuters) – U.S. stock futures rose and pointed to a positive open for Wall Street on Friday as investors digested fourth-quarter earnings reports from big U.S. lenders.
BlackRock profit beats as ETFs attract more investment
(Reuters) – BlackRock Inc on Friday reported a better-than-expected quarterly profit, as investors flooded into the world’s biggest asset manager’s exchange-traded funds (ETFs).
JPMorgan profit beats on higher interest rates; books tax charge
(Reuters) – JPMorgan Chase & Co , the biggest U.S. bank by assets, reported a higher-than-expected quarterly profit as gains in net interest income offset a slowdown in trading revenue.
China’s COFCO makes painful cuts in drive to lead global food trade
LONDON/PARIS/BEIJING (Reuters) – China’s COFCO International is in the throes of a staffing upheaval as the group pursues its professed ambition of sitting at the top table of global agricultural traders.
Some Chinese Apple users warned by firm on dodging new data law
BEIJING (Reuters) – Some Chinese users of Apple Inc’s products who have created Apple IDs overseas to circumvent a new law that requires their personal data to be stored within China say they have been warned by the tech giant that they risk losing th…
China cracks down on foreign companies calling Taiwan, other regions countries
SHANGHAI (Reuters) – China’s aviation authority on Friday demanded an apology from Delta Air Lines for listing Taiwan and Tibet as countries on its website, while another government agency took aim at Inditex-owned fashion brand Zara and medical devi…
Delta Air Lines apologizes after listing Taiwan, Tibet as countries on website
SHANGHAI (Reuters) – Delta Air Lines apologized on Friday and said it recognized the seriousness of the issue after it was criticized by the Chinese aviation regulator for listing Taiwan and Tibet as countries on its website.
