Samsung Elec flags stronger second quarter; Elliott welcomes share cancellation
SEOUL (Reuters) – Samsung Electronics Co Ltd on Thursday flagged stronger earnings and announced a cancellation of treasury shares after posting a solid first-quarter profit boosted by the memory chip business, sending its shares to a new high.
BlackRock to pay $1.5 million to settle SEC charges over Russian ETF
WASHINGTON (Reuters) – A unit of asset manager BlackRock Inc will pay $1.5 million to settle a complaint that it launched a Russian exchange-traded fund without proper regulatory approval, according to U.S. regulators.
UPS wins $2.35 billion U.S. defense contract: Pentagon
WASHINGTON (Reuters) – United Parcel Service Co was awarded a five-year $2.35 billion contract, the Pentagon said on Wednesday.
Fedex wins $2.35 billion U.S. defense contract: Pentagon
WASHINGTON (Reuters) – Federal Express Corp was awarded a five-year $2.35 billion contract, the Pentagon said on Wednesday.
Companies cheer Trump tax cuts, but jobs are less certain to follow
(Reuters) – U.S. businesses would reap a windfall if President Donald Trump’s plan to cut corporate tax rates and slash taxes on cash parked overseas becomes law, but it was unclear whether they would stimulate a surge in investment and job creation in…
Digital ad spend jumps 22 percent to $72.5 billion in 2016: report
(Reuters) – Marketers spent $72.5 billion on digital advertising last year, an increase of 22 percent from 2015, as Google and Facebook once again booked the lion’s share of new revenue, a report released by the Interactive Advertising Bureau said on W…
Cost controls help offset lower Amgen first-quarter drug sales
(Reuters) – Amgen Inc on Wednesday reported higher-than-expected first-quarter profit as cost controls helped offset a sharp drop in sales of Enbrel, its blockbuster rheumatoid arthritis and psoriasis drug.
PayPal’s profit, revenue beat on higher processing volumes
(Reuters) – Payment processor PayPal Holdings Inc reported higher-than-expected quarterly profit and revenue on Wednesday, helped by an increase in payment processing volumes and customer additions.
Former Jefferies Group trader sentenced to two years for fraud
NEW HAVEN, Conn. (Reuters) – A federal judge in Connecticut on Wednesday sentenced a former Jefferies Group bond trader to two years in prison and to pay a $2 million fine after he was found guilty earlier this year of defrauding customers on bond pric…
Exclusive: ADM replaces top trader amid global shakeup – memo
BUENOS AIRES/CHICAGO (Reuters) – Archer Daniels Midland Co has replaced the leader of its global trading desk, the company confirmed to Reuters on Wednesday, as it sheds traders around the world amid a global grains glut that has squeezed profits.
