Deutsche Bank drastically cuts 2016 bonuses
NEW YORK/FRANKFURT (Reuters) – Deutsche Bank has decided to cut bonuses drastically as it struggles to turn a profit and faces a big bill for litigation.
U.S. industrial output rises 0.8 percent as utilities surge
WASHINGTON (Reuters) – U.S. industrial production rebounded in December due to the biggest jump in utilities since 1989 as temperatures cooled across the country.
Deutsche Bank CEO looks to future after mortgages settlement
FRANKFURT (Reuters) – Deutsche Bank will be free to focus on a new growth strategy instead of devoting most of its energy to cleaning up past mistakes, Chief Executive John Cryan said after settling its most costly legal headache.
Target cuts fourth-quarter forecast due to weak holiday sales
(Reuters) – Target Corp lowered its comparable store sales and earnings forecasts for the fourth quarter, citing “softer-than-expected” holiday sales due to, what the retailer called, disappointing traffic and sales trends.
Alaska Air to record $82 million as merger-related costs in fourth quarter
(Reuters) – Alaska Air Group Inc said on Wednesday it expects to record $82 million in the fourth quarter in costs related to the $2.6 billion acquisition of Virgin America Inc.
U.S. lobby says China protectionism fueling foreign business pessimism
BEIJING (Reuters) – More than 80 percent of members of a U.S. business lobby in China say foreign companies are less welcome than in the past, a survey released on Wednesday showed, with most saying they have little confidence in China’s vows to open i…
Global growth outlook shaky on trade protectionism fears: Reuters poll
(Reuters) – The global economic outlook remains shaky, despite recent pockets of resilience, according to the overwhelming majority of economists polled by Reuters who said a rise in protectionist trade policies would hamper growth.
Business euphoria over Trump gives way to caution, confusion
WASHINGTON (Reuters) – Early optimism among business lobbyists and executives that Donald Trump’s election heralded better days has slowly given way to uncertainty as the president-elect fires off mixed and sometimes confusing messages on healthcare, t…
Oil price slides on prospect of rising U.S. production
LONDON (Reuters) – Oil prices fell on Wednesday on expectations that U.S. producers would boost output.
Foreign business skeptical of China’s promised opening
BEIJING/SHANGHAI (Reuters) – Beijing has some way to go to convince foreign businesses that it is serious about liberalizing China’s economy, despite President Xi Jinping’s speech at Davos on Tuesday and new proposals to relax restrictions on foreign i…
