Harry Potter spinoff helps Time Warner top estimates
(Reuters) – Time Warner Inc reported higher-than-expected fourth-quarter results, largely due to box office hits such as the “Harry Potter” spinoff “Fantastic Beasts and Where To Find Them.”
Exclusive: DOJ probing people who worked in DB’s mortgage unit
NEW YORK (IFR) – The US Department of Justice is investigating potential wrongdoing by individuals who worked in Deutsche Bank’s mortgage unit in the run-up to the financial crisis, according to two sources familiar with the matter.
VW labour bosses accuse brand chief of breaking cost-cutting deal
BERLIN (Reuters) – Volkswagen’s works council has accused top executives of breaching a cost-cutting deal, risking fresh turmoil at the German carmaker as it struggles to overcome its emissions scandal.
BlackRock CEO Fink sees ‘dark shadows’ in financial markets
NEW YORK (Reuters) – BlackRock Chief Executive Larry Fink on Wednesday said the U.S. economy is in the midst of a slowdown and financial markets could see a significant setback, because of uncertainty over global trade and the Trump administration’s pl…
Wal-Mart aims to leverage British arm Asda back to health
LONDON (Reuters) – Wal-Mart is throwing its weight as the world’s largest retailer behind its struggling British arm Asda after admitting it was too slow to respond effectively to the threat posed by the discount supermarkets.
Putin meets Volkswagen CEO, offers help in Russia
MOSCOW (Reuters) – President Vladimir Putin met Volkswagen Chief Executive Matthias Mueller in Moscow on Wednesday and said he was ready to help the German car giant develop its business in Russia at a time of sliding sales and weak demand.
Microsoft offers patent troll defense for cloud customers
(Reuters) – Microsoft Corp has thought up another way to attract potential customers to its cloud computing service: deterrent against patent trolls.
Allergan beats profit estimates, forecasts upbeat 2017
(Reuters) – Allergan Plc reported quarterly earnings and revenue that topped Wall Street estimates, as higher demand for Botox and eye treatment Restasis helped offset declines in its older drugs, and the company forecast 2017 revenue above expectatio…
Tesla may launch in India this summer: Musk
(Reuters) – Electric car maker Tesla Inc may enter the Indian market this summer, Chief Executive Elon Musk tweeted on Tuesday.
Controversial Dakota pipeline to go ahead after Army approval
WASHINGTON/HOUSTON (Reuters) – The U.S. Army will grant the final permit for the controversial Dakota Access oil pipeline after an order from President Donald Trump to expedite the project despite opposition from Native American tribes and climate acti…
