Europe left exposed by demise of Anglo-German exchange merger
LONDON (Reuters) – The European Union could be left with no exchange big enough to compete with U.S. rivals and no trading link into Britain if it allows the London Stock Exchange and Deutsche Boerse merger to die.
U.S. economy slowed in fourth quarter despite robust consumer spending
WASHINGTON (Reuters) – The U.S. economy expanded at a slower pace in the fourth quarter, as previously reported, and appeared to remain on a moderate growth path as President Donald Trump took office with a promise to reinvigorate manufacturing and pro…
Years-long dream of European exchange ended in half an hour
BRUSSELS/FRANKFURT (Reuters) – After more than a year of negotiations, Deutsche Boerse got only 30 minutes notice on Sunday from the London Stock Exchange that their planned merger was effectively over, sources familiar with the talks told Reuters.
Valeant predicts tough 2017 with revenue to decline
(Reuters) – Valeant Pharmaceuticals International Inc on Tuesday said that 2017 would be another year of transition with revenues falling as much as 8 percent amid drug price pressure and fewer prescriptions.
House Financial Services chairman sees Dodd-Frank reform this year
WASHINGTON (Reuters) – Reform of Wall Street rules and consumer protects imposed after the 2008 financial crisis is likely this year, and much of the law could be undone through a number of ways, the Republican chairman of a key House of Representative…
JPMorgan eyes boosting dividends, buybacks as capital piles up
(Reuters) – No. 1 U.S. bank JPMorgan Chase & Co may return more money to shareholders than it earns over the next few years, it forecast on Tuesday, an encouraging sign for investors who have been waiting for richer dividends and share repurchases.
Dow breaks 12-day record streak ahead of Trump speech; retail down
(Reuters) – U.S. stocks slipped on Tuesday and the Dow snapped a 12-day streak of record closes as investors awaited President Donald Trump’s address to Congress, while a disappointing outlook from Target dragged down retailers.
Domino’s revenue rises more than expected on strong U.S. sales
(Reuters) – Domino’s Pizza inc on Tuesday reported better-than-expected rise in revenue for the fourth quarter, helped by strong sales in the United States and international markets, and by a higher store count.
Wells Fargo robo-adviser to target young, first-time investors
NEW YORK (Reuters) – Wells Fargo & Co’s wealth management business said on Tuesday it would launch its new robo-adviser Intuitive Investor later this year in a bid to develop a new revenue stream from existing Millennial customers who may be looking to open their first investment account in a crowded online market.
Nissan calls for government help to meet ‘Made in Britain’ rule
LONDON (Reuters) – Nissan wants the British government to help it source more in Britain to ensure the carmaker complies with “rules of origin” if the country leaves the European Union’s customs union.
