JPMorgan posts higher profit; shares dip on net interest income view
(Reuters) – JPMorgan Chase & Co reported a better-than-expected quarterly profit on Friday due to strong loan growth and higher interest rates, but said net interest income for the year would be lower than expected, sending its shares down about 2 percent.
Dow, S&P notch record closes on dimmed rate hike prospects
(Reuters) – The Dow and S&P 500 hit record highs on Friday after weak economic data dulled prospects of more interest rate hikes this year.
Exclusive: ECB wary of putting end-date on quantitative easing – sources
FRANKFURT (Reuters) – The European Central Bank is keen to keep its asset purchases open-ended rather than setting a potentially distant date on which bond-buying will stop, to retain flexibility in case the outlook sours, three sources familiar with t…
Fiat Chrysler recalls 1.33 million vehicles over fire, air bag risks
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV said on Friday it is recalling 1.33 million vehicles worldwide in two separate campaigns for potential fire risks and inadvertent airbag deployments.
AstraZeneca says CEO Pascal Soriot will host earnings call
LONDON (Reuters) – Anglo-Swedish pharmaceutical firm AstraZeneca said on Friday its chief executive, Pascal Soriot, would host a results call with reporters on July 27, after refusing to comment on speculation this week that he was leaving the firm.
Berlin: Daimler told German emissions inquiry it hadn’t breached rules
BERLIN (Reuters) – Daimler told a German government committee investigating whether carmakers had sold cars with excessive emissions that it had not broken the law, a Transport Ministry spokesman said on Friday.
Mexico industry eyes NAFTA changes to find common ground with Trump
MEXICO CITY (Reuters) – Mexican industry is exploring revising trade rules to ensure U.S. workers benefit from a renegotiated North American Free Trade Agreement (NAFTA) to address head-on U.S. President Donald Trump’s biggest beef with the treaty.
U.S. farm lobby turns up heat on Trump team as NAFTA talks near
WASHINGTON (Reuters) – With talks to renegotiate the NAFTA trade pact just weeks away, U.S. farm groups and lawmakers from rural states are intensifying lobbying of President Donald Trump’s administration with one central message: leave farming out of …
Sprint launches new leasing options for cost-conscious consumers
NEW YORK (Reuters) – Sprint Corp said on Friday that it was launching new leasing options aimed at price-sensitive customers who want to upgrade their phones more often, the carrier’s latest effort to lure subscribers in an oversaturated market for wireless service.
AT&T to run wireless, media as separate units – source
(Reuters) – AT&T Inc will run its wireless and DirecTV satellite television businesses separately from Time Warner Inc’s media assets following its $85.4 billion acquisition of the entertainment group, a source told Reuters on Friday.
