ESPN casts shadow over ‘Star Wars’ success at Disney
(Reuters) – Walt Disney Co’s ESPN sports network posted a decline in quarterly profit, overshadowing the blockbuster success of “Star Wars: The Force Awakens,” which lifted the company to record income and topped Wall Street expectations.
Obama proposes $4.1 trillion spending plan in final White House budget
WASHINGTON (Reuters) – U.S. President Barack Obama proposed a $4.1 trillion spending plan for fiscal year 2017 on Tuesday in a final White House budget that met immediate Republican resistance for its cost and reliance on tax hikes to fund domestic pri…
Rates markets, at odds with Fed, seek clarity from Yellen
NEW YORK (Reuters) – While Federal Reserve Chair Janet Yellen is the one tasked with delivering a message over the next two days when she speaks to Congress, financial markets are keen to know if she has absorbed their message to her: stifle your rate …
American Express looks to grow small business loan revenue
(Reuters) – American Express Co wants to grow small-business lending to make up for revenue it expects to lose after its credit card partnership with Costco Wholesale Corp ends this year. Last week, American Express said it will pay an undisclosed amou…
Wall Street cuts losses late to end tad lower
(Reuters) – U.S. stocks ended a volatile session slightly lower on Tuesday as a late-day rally led by materials and healthcare shares offset another big drop in oil prices.
HSBC money laundering report’s release likely delayed: U.S. judge
NEW YORK (Reuters) – A U.S. judge said Tuesday that he would likely delay the release of a report detailing how well HSBC Holdings Plc has complied with anti-money laundering requirements until a federal appeals court could weigh in.
More pain possible for Fitbit shareholders as lockup expires
NEW YORK (Reuters) – Fitbit Inc’s stock, already at a record low, could take another hit on Wednesday, when insiders and employees will be allowed to sell some 127.3 million shares that had been locked up.
Deutsche Bank looking to buy back several billion euros of bonds -FT
(Reuters) – Deutsche Bank AG is looking to buy back several billion euros worth of its debt in an effort to reverse the falling value of its securities, the Financial Times reported.
In cloud stock tumult, investors give valuations a reality check
SAN FRANCISCO (Reuters) – Global economic uncertainty and worries about weak spending on information technology are forcing investors in cloud computing stocks and related enterprise companies to take a reality check.
GM recalling 473,000 SUVs, pickups in North America for brake pedal problems
(Reuters) – General Motors Co said Tuesday it is recalling 473,000 pickups and SUVs in North America because brake pedals could fail due to a faulty nut.
