S&P 500 ends up slightly with boost from financials; Netflix up late
NEW YORK (Reuters) – The S&P 500 ended a choppy session slightly higher on Wednesday, helped by a rise in financials after Federal Reserve Chair Janet Yellen said it “makes sense” to gradually lift interest rates.
NBCU shutting cable’s Esquire Network, re-launching as digital
(Reuters) – Comcast Corp’s NBCUniversal is shutting down its Esquire Network cable channel, one month after it was dropped by DirecTV, and will re-launch it this spring as a digital-only brand, the company said on Wednesday.
Pipeline company Kinder Morgan’s revenue falls 6.8 percent
(Reuters) – Kinder Morgan Inc reported lower-than-expected quarterly revenue for the ninth straight quarter as its pipelines moved lower volumes of oil and gas.
Fed’s Yellen says ‘makes sense’ to gradually raise interest rates
SAN FRANCISCO (Reuters) – With the U.S. economy close to full employment and inflation headed toward the Federal Reserve’s 2 percent goal, it “makes sense” for the U.S. central bank to gradually lift interest rates, Fed Chair Janet Yellen said on Wedne…
Citigroup CEO asks for investor patience on financial targets
(Reuters) – Citigroup Inc Chief Executive Michael Corbat asked investors for more patience on Wednesday in explaining how the bank failed to meet four-year-old performance targets, even as vibrant markets drove profits higher in the fourth quarter.
United Air shares slip amid 2016 year-end results
NEW YORK (Reuters) – Investors remained skittish on United Continental Holdings Inc stock on Wednesday, even as company executives sought to reassure the doubtful on its expected performance for the year.
Robo-advisor Wealthfront diversifies with stock selling service
NEW YORK (Reuters) – Wealthfront, one of the earliest and largest online investment management startups known as “robo-advisors,” is launching a free automated service that will let employees of listed firms sell stocks in their companies.
Jump in manufacturing, tight labor markets show U.S. economic health: Fed
WASHINGTON (Reuters) – A pickup in manufacturing, “widespread” reports of labor shortages and improving business investment set the stage for the Federal Reserve’s December rate hike amid signs of steady economic growth across the country, the Fed repo…
Credit Suisse finalizes $5.3 billion mortgage deal with U.S.
NEW YORK (Reuters) – Credit Suisse has formally agreed to pay $5.3 billion to settle with U.S. authorities over claims it misled investors in residential mortgage-backed securities it sold in the run-up to the 2008 financial crisis.
Goldman Sachs profit soars on bond-trading surge
(Reuters) – Goldman Sachs Group Inc reported a nearly fourfold rise in quarterly profit on Wednesday thanks to a surge in bond trading revenue, with its finance chief offering a sunny outlook for business in 2017.
