U.S. workforce growth may give Fed one more reason to go slow on rates
RALEIGH, N.C. (Reuters) – Americans with a high school education or less are returning to the labor force in larger numbers, a trend that points to a broadening of economic growth, but could also keep wage growth subdued and stay the Federal Reserve’s …
Thomson Reuters reports flat revenue for first quarter
(Reuters) – News and information company Thomson Reuters Corp on Tuesday reported flat first-quarter revenue, held steady by its Legal and Tax and Accounting businesses.
Whirlpool posts lower than expected first quarter profit
(Reuters) – Whirlpool Corp. posted a lower than expected quarterly net profit on Tuesday, as cost and capacity reductions were offset by soft demand in emerging markets and unfavorable currency exchange, the company said.
Exclusive: SWIFT warns customers of multiple cyber fraud cases
(Reuters) – SWIFT, the global financial network that banks use to transfer billions of dollars every day, warned its customers on Monday that it was aware of “a number of recent cyber incidents” where attackers had sent fraudulent messages over its sys…
BP eyes more spending cuts after 80 percent profit drop
LONDON (Reuters) – BP said on Tuesday it could cut capital spending further after reporting an 80 percent drop in profits in the first quarter of the year, when oil prices touched a near 13-year low.
T-Mobile revenue jumps 10.6 percent
(Reuters) – T-Mobile US Inc reported a 10.6 percent rise in quarterly revenue as heavy discounts helped the No.3 wireless carrier attract more customers.
Hyundai Motor profit down for ninth straight quarter as China sales sag
SEOUL (Reuters) – Hyundai Motor posted its ninth straight quarterly profit drop on slower sales in China and other emerging markets, a trend the South Korean automaker seeks to reverse by supplying more sport utility vehicles (SUVs) and launching new …
Toshiba takes $2.3 billion writedown on U.S. nuclear unit Westinghouse
TOKYO (Reuters) – Japan’s Toshiba Corp said on Tuesday that it booked an impairment charge of $2.3 billion for the past financial year on U.S. nuclear unit Westinghouse, a much-anticipated move to address lingering doubts over its book-keeping.
Citigroup names Lam as China country head
HONG KONG (Reuters) – Citigroup has named Christine Lam as its country head for China, replacing Andrew Au, who is retiring, the Wall Street bank said in a statement on Tuesday.
Exclusive: Landry’s and Jefferies CEOs to launch acquisition company
(Reuters) – Tilman Fertitta, the Texas billionaire CEO of Landry’s Inc and Richard Handler, the CEO of investment bank Jefferies Group LLC and its parent Leucadia National Corp , are launching a special purpose acquisition company (SPAC) through their companies, people familiar with the matter said.
