Toshiba to sell part of chip business, puts overseas nuclear ops under review
TOKYO (Reuters) – Toshiba Corp said it will sell a minority stake in its memory chip business as it urgently seeks funds to offset an imminent multi-billion dollar writedown, adding that its overseas nuclear division – the cause of its woes – was now …
American Airlines profit plunges
(Reuters) – American Airlines Group Inc , the No. 1 U.S. airline by passenger traffic, reported a fall in profit from a year earlier, when it recorded a $3 billion tax benefit.
Apple shares back in vogue as Wall Street bets on iPhone surge
SAN FRANCISCO (Reuters) – Wall Street has regained an appetite for Apple as investors bet that the release of a 10th-anniversary iPhone and pent up customer demand will shore up shrinking sales.
Bonds and reflation fans enjoy Trump’s arrival: BAML
LONDON (Reuters) – Donald Trump’s first week in charge in the United States was the best for bond funds in four months, a good one for reflation enthusiasts and for emerging markets, fund flow data shows.
Shell set to sell $3 billion North Sea assets to Chrysaor: sources
LONDON (Reuters) – Royal Dutch Shell is nearing the sale of a large part of its North Sea oil and gas assets for $3 billion to a private equity-backed firm, several banking sources said.
Restaurant Brands to launch Tim Hortons in Mexico
(Reuters) – Restaurant Brands International Inc said it would launch its coffee and doughnut chain, Tim Hortons, in Mexico as a part of its expansion plans.
UBS hopes Trump-led rally will help boost wealth management
ZURICH (Reuters) – UBS hopes a Donald Trump-inspired rally in the United States will help boost earnings at its struggling wealth management business after posting a 47 percent fall in full-year net profit.
Dollar recoups losses, shares lower as banks weigh
LONDON (Reuters) – The dollar extended its recovery against a basket of other currencies on Friday, while banks dragged European shares slightly lower following underwhelming results from Swiss major UBS.
Amid rising bilateral tensions, Mexico mogul Slim calls news conference
MEXICO CITY (Reuters) – Mexican mogul Carlos Slim, who was attacked by President Donald Trump during his election campaign but who later met with the U.S. leader in Florida, on Thursday called a press conference for Friday amid growing tensions between…
Alphabet posts strong revenue growth, higher taxes hit earnings
(Reuters) – Google parent Alphabet Inc posted fourth-quarter profit below analysts’ estimates on Thursday, hurt by a higher tax rate, but analysts cheered the company’s progress in diversifying its business beyond advertising.
