JPMorgan CEO says bank may look to pay special dividend
NEW YORK (Reuters) – The stock of JPMorgan Chase & Co has been climbing so much that “at a certain price,” the company may consider issuing a special dividend to distribute excess capital rather than buying back additional stock, Chief Executive Jamie Dimon said on Tuesday.
Exclusive: Emissions crackdown exposes Renault-Nissan engine trouble
PARIS (Reuters) – The Renault-Nissan alliance is replacing its top executive in charge of combining the carmakers’ engines and gearboxes, sources told Reuters, as tightening emissions regulations expose the slow pace of integration so far.
Oil falls on production cut skepticism, OPEC and Russia output rise
NEW YORK (Reuters) – Oil prices on Tuesday fell for the first session since OPEC agreed to cut output last week after data showed crude production rose in most major export regions and on growing skepticism that the cartel would be able to reduce produ…
Oil firms and carmakers diverge in costly debate
LONDON (Reuters) – Many carmakers are predicting a significant shift to electric vehicles in the next decade. Advances in battery technology and the growth of autonomous driving and ride sharing – suited to electric vehicles – will power this expansion…
U.S. factory orders post biggest gain in nearly 1-1/2 years
WASHINGTON, (Reuters) – New orders for U.S. factory goods recorded their biggest increase in nearly 1-1/2 years in October, further evidence that the manufacturing sector is gradually recovering after a prolonged downturn.
Verizon to sell data centers to Equinix for $3.6 billion
(Reuters) – Verizon Communications Inc , the No. 1 U.S. wireless carrier, is selling 29 data centers to Equinix Inc for $3.6 billion, as the telecom giant focuses on its core business.
Euro and global stocks hold Italy-related gains ahead of ECB
LONDON (Reuters) – Wall Street’s record run looked set for a pause on Tuesday as oil saw its first fall in five days and the euro held most of the wild three-cent gains it had seen in the wake of Italy’s referendum.
Exclusive: Novartis in talks to sell some central nervous system drugs – sources
ZURICH (Reuters) – Novartis is in talks about the sale of some older neuroscience drugs, people close to the matter said, as the Swiss drugmaker clears the decks to concentrate on promising new medicines it hopes will help to restore sales growth.
Italy readying state bailout for Monte dei Paschi bank: sources
ROME (Reuters) – Italy is preparing a state bailout for Monte dei Paschi di Siena as the bank’s hopes of being saved by private funding fade following Prime Minister Matteo Renzi’s decision to quit, sources close to the matter said on Tuesday.
Janus’ Gross sees Trump trade view hurting long-term stock prices
NEW YORK (Reuters) – One of the world’s most prominent investors, Bill Gross, predicted an end to the post-election stock rally, saying that Donald Trump’s anti-globalization policies would restrict trade and reduce corporate profits over the long term…
