United chief met Chinese officials over dragged passenger
NEW YORK (Reuters) – The head of United Airlines met with the Chinese consulate in Chicago over the possible impact to bookings from a customer being dragged off a plane but it was too early to tell if business in China had been hit by the event, the c…
Netflix shares on track for worst day in five months
SAN FRANCISCO (Reuters) – Shares of Netflix fell from record-high territory on Tuesday and were headed for their worst session in five months after a mixed quarterly report failed to impress Wall Street.
Verizon, Corning agree to $1.05 billion fiber deal
NEW YORK (Reuters) – Verizon Communications Inc has agreed to buy optical fiber from Corning Inc for at least $1.05 billion over the next three years as the No. 1 U.S. wireless carrier aims to improve its network infrastructure, the companies said on T…
May’s election gamble offers longer-term turnaround for sterling, but at FTSE’s expense
LONDON (Reuters) – Running contrary to the norm on shock election announcements, the pound’s steep gains on Tuesday point to hope among investors that the June poll may stabilize domestic UK politics as the country faces its biggest challenges in half …
In rare fumble, Goldman stuns Wall Street with weak trading
(Reuters) – Goldman Sachs Group Inc fell short of earnings expectations on Tuesday due to a drop in quarterly trading revenue, prompting analysts to demand explanations for underperformance in an area where the bank usually outshines rivals.
U.S. housing starts tumble, but building permits increase
WASHINGTON (Reuters) – U.S. homebuilding fell more than expected in March as the construction of single-family homes in the Midwest recorded its biggest decline in three years, but an increase in building permits suggested the housing market recovery r…
Peugeot needs deeper cuts, SUVs to halt Chinese sales slide: CEO
SHANGHAI (Reuters) – PSA Group , the maker of Peugeot, Citroen and DS cars, needs more drastic cost cuts and new SUVs to reverse a slump in sales in China, Chief Executive Carlos Tavares said on Tuesday.
Goldman Sachs, J&J pull Wall Street lower
NEW YORK (Reuters) – The S&P 500 fell for the fourth time in five sessions on Tuesday, weighed down by a drop in Goldman Sachs and Johnson & Johnson following their quarterly results, while geopolitical tensions added to investor caution.
J&J first quarter revenue misses estimates; new forecast includes Actelion
(Reuters) – Johnson & Johnson on Tuesday reported disappointing pharmaceutical and consumer product sales as revenue missed analyst estimates, sending its shares sharply lower.
BofA posts solid growth boosted by trading, rates
(Reuters) – Bank of America Corp’s quarterly profit rose 44 percent as its investment banking and trading units produced hefty gains, and higher long term interest rates also underpinned results for the second-largest U.S. bank.
