Blackstone earnings miss forecast in choppy markets
NEW YORK (Reuters) – Earnings at Blackstone Group LP , the world’s largest alternative asset manager, slowed more than expected in the first quarter as falling oil prices and choppy financial markets hit investments.
China looks overseas in bid to slim down bloated steel sector
BEIJING (Reuters) – As part of efforts to ease domestic steel and coal overcapacity, widely blamed for triggering a global industry crisis, China said it will do more to help its firms shift capacity overseas while keeping tight control on adding new c…
New sport shoes drive Under Armour revenue jump
(Reuters) – Under Armour Inc reported a 30 percent jump in quarterly sales as its new sport shoes endorsed by NBA star Stephen Curry and golfer Jordan Spieth were a big hit.
Southwest Air tops profit estimates, sees unit revenue rise
(Reuters) – Southwest Airlines Co on Thursday reported a quarterly profit above analysts’ estimates and said it expected unit revenue to rise “modestly” in the second quarter.
Johnson Controls posts quarterly loss as costs rise
(Reuters) – U.S. auto parts maker Johnson Controls Inc reported a quarterly loss, compared with a year-earlier profit, hurt by higher costs.
World stocks gain along with oil, clock ticks down to ECB
LONDON (Reuters) – World stock markets slipped back from their highest level in almost five months on Thursday as higher oil prices improved risk appetite and the euro steadied before a European Central Bank meeting.
‘Doha or no Doha’ oil market turning, will rebalance by 2017: Badri
PARIS (Reuters) – The oil market will begin rebalancing by the third quarter of this year and will turn positive by 2017 despite world’s top producers failing to reach an agreement to freeze production during a weekend meeting in Doha, OPEC’s secretary…
D.R. Horton profit beats on higher home sales
(Reuters) – D.R. Horton Inc , the largest U.S. homebuilder, reported a better-than-expected quarterly profit as it sold more homes, and said the all-important spring selling season was off to a “great” start.
Honda to add three green cars under Clarity name
DETROIT (Reuters) – Honda Motor Co will roll out three environmentally friendly sedans under the Clarity name in the United States by the end of 2017, the Japanese automaker said on Thursday, as it aims to boost green vehicle sales.
Sen. Warren demands answers from U.S. regulators over Cohen firm
WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren, a firebrand of strong financial regulation, wants to know why securities regulators approved Steve Cohen’s new firm as an investment adviser after barring the billionaire from managing other people’…
