U.S. deficit to shrink to $559 billion in fiscal year 2017: CBO
WASHINGTON (Reuters) – The U.S. budget deficit is expected to dip in fiscal year 2017 but expand later in the decade, the nonpartisan Congressional Budget Office said in a report on Tuesday that showed President Donald Trump inheriting a tricky long-te…
Verizon earnings, subscriber additions fall short of estimates
(Reuters) – Verizon Communications Inc’s quarterly profit missed estimates and the No. 1 U.S. wireless carrier added fewer subscribers than anticipated in the fourth quarter as it struggles to fend off rivals in a maturing wireless market.
DuPont expects Dow merger to close later than expected
(Reuters) – Chemicals and seeds producer DuPont indicated on Tuesday that its $130-billion merger with Dow Chemical Co will take longer to wrap up than previously expected as the companies await regulatory approvals.
FedEx CEO calls Trump’s withdrawal from trade deal ‘unfortunate’
WASHINGTON (Reuters) – U.S. President Donald Trump should reconsider his positions on international trade and work to embrace China and its vast market, FedEx Corp’s chief executive officer said on Tuesday, one day after Trump made good on a campaign …
BlackRock to ask if companies spend cash from tax holiday on growth
(Reuters) – BlackRock Inc will scrutinize how companies plan to use the cash they bring back to the United States as part of a tax holiday backed by U.S. President Donald Trump, CEO Larry Fink said in a letter distributed on Tuesday.
Johnson & Johnson’s sales miss; seeks options for diabetes care unit
(Reuters) – Johnson & Johnson reported a smaller-than-expected rise in fourth-quarter sales, hurt by slowing demand for its pharmaceutical products and a strong dollar, and said it was looking at strategic options for its diabetes care division.
Citi to make decision on Brexit plans in first half: Europe chief
DUBLIN (Reuters) – U.S. bank Citigroup will make a decision on its Brexit contingency plans in the first half of the year and choose from a number of potential EU counties to relocate some investment banking business, the bank’s European chief said on …
Whirlpool to cut 500 EMEA jobs in dryer manufacturing unit
(Reuters) – Whirlpool Corp said on Tuesday it would restructure its Europe, Middle East and Africa dryer manufacturing operations, and cut about 500 jobs in the region.
After U.S. exit, Asian nations try to save TPP trade deal
WELLINGTON/TOKYO (Reuters) – Australia and New Zealand said on Tuesday they hope to salvage the Trans-Pacific Partnership (TPP) by encouraging China and other Asian countries to join the trade pact after U.S. President Donald Trump kept a promise to ab…
Toshiba board to approve plans to split off chip business on Friday: source
TOKYO (Reuters) – Toshiba Corp’s board will meet on Friday to approve plans to make its chip business a separate company and hopes to raise more than 200 billion yen ($1.8 billion) by selling a 20 percent stake in it, a person with direct knowledge of…
