Airbus A321neo completes first flight after engine switch
(Reuters) – Airbus said that its A321neo jetliner completed its first flight on Tuesday, making the trip using engines supplied by CFM International after a last-minute switch from turbines supplied by rival Pratt & Whitney .
Cost cuts, cheaper commodities help Coca-Cola top profit estimates
(Reuters) – Coca-Cola Co reported a better-than-expected profit in the last three months of 2015, helped by aggressive cost-cutting and lower commodity costs.
UBS freezes salaries in investment bank: sources
NEW YORK/LONDON (Reuters) – Swiss bank UBS is imposing a pay freeze across its investment banking arm as banks across Europe take an increasingly hard line on costs to improve profitability, two sources familiar with the matter told Reuters.
Facebook’s India stumble could embolden other regulators
SINGAPORE/MUMBAI (Reuters) – India’s decision to effectively ban Facebook’s pared-back free Internet service is a major blow to the social network’s plans, and may prompt other regulators to demand equal online access for their users.
Global stocks hit the rocks after Asian markets slump
LONDON (Reuters) – A drop in bank shares kept European shares under pressure on Tuesday, after losses in Asian markets sent investors scurrying for safe havens.
IEA sees global oil glut worsening, OPEC deal unlikely
LONDON (Reuters) – The world will store unwanted oil for most of 2016 as declines in U.S. output take time and OPEC is unlikely to cut a deal with other producers to reduce ballooning output, the International Energy Agency said.
Viacom extends ad deal with Snapchat
(Reuters) – Viacom Inc and Snapchat have extended a deal that will allow Viacom to sell advertising on the mobile app’s behalf.
Google CEO Pichai receives stock grant worth about $199 million
(Reuters) – Google Chief Executive Sundar Pichai received restricted stock worth about $199 million, according to a regulatory filing by Google parent company Alphabet Inc .
Now it is Tesla’s turn to confront the bears
SAN FRANCISCO (Reuters) – Tesla Motors Inc faces a pivotal moment Wednesday in its fight to convince skeptical investors that it can still win against traditional auto makers in the competition to reshape the auto business.
Growth worries, rate hike uncertainty pull Wall Street down
(Reuters) – U.S. stocks dropped on Monday as concern over global growth hit banks and other economically sensitive shares, although a late rally in energy shares left the market well above its lows of the day.
