Consumer credit casts cloud over JPMorgan and Citi
NEW YORK (Reuters) – JPMorgan Chase & Co and Citigroup Inc on Thursday said they had set aside more money for credit card lending losses in the third quarter, stoking concerns about consumer indebtedness and overshadowing profits that topped analyst estimates.
Volkswagen to make brands more distinct to boost efficiency
BERLIN (Reuters) – Volkswagen will make its three mass-market brands more distinct to reduce overlaps and defuse tensions within the carmaking group, its chief executive said on Thursday.
Viacom launches TV ads in dispute with Charter
(Reuters) – Viacom Inc , parent of networks including MTV and Nickelodeon, launched TV ads this week urging its viewers to call customer service at cable company Spectrum ahead of a deadline that may result in a costly blackout for 16.6 million custome…
Wall Street rally pauses as tepid bank earnings, media stocks weigh
(Reuters) – A rally on Wall Street paused on Thursday following lackluster quarterly earnings from JPMorgan and Citigroup and as media stocks dropped for the second straight day.
Airbnb targets business travelers to France
PARIS (Reuters) – Business travelers to France are in the sights of online rental marketplace Airbnb, according to a senior official on Thursday at the company best known for hosting holidaymakers.
GM to scale back production at Detroit sedan plant
DETROIT/WASHINGTON (Reuters) – General Motors Co said on Thursday it plans to scale back production at an assembly plant in Detroit starting later this month as it tries to deal with declining U.S. sedan sales
Richard Branson takes another bet on the future with Hyperloop One
(Reuters) – British billionaire Richard Branson on Thursday placed another bet on the future with an investment in Hyperloop One, which is developing super high-speed transportation systems.
Amazon to keep U.S. holiday hiring flat at 120,000 workers
(Reuters) – Amazon.com Inc said it would hire 120,000 workers in the United States this holiday season, same as last year, joining a list of U.S. retailers cautious about their hiring plans amid an improving job market.
Wall St. edges along on tepid bank earnings, media stocks drag
(Reuters) – Wall Street was largely unchanged late on Thursday morning as a rise in technology stocks helped negate another tumble in media stocks and results from JPMorgan and Citigroup that failed to enthuse.
AT&T subscriber losses highlight cord-cutting threat: analysts
NEW YORK (Reuters) – AT&T Inc’s third-quarter video losses sent pay-TV industry shares down on Thursday after Wall Street analysts raised concerns about the continued threat of consumers cancelling their cable and satellite television subscriptions.
