Pfizer 2016 forecast disappoints
(Reuters) – U.S. drugmaker Pfizer Inc on Tuesday forecast 2016 revenue and earnings below analysts’ estimates, largely because of the strong dollar.
Morgan Stanley to pay $63 million U.S. mortgage bond settlement: FDIC
NEW YORK (Reuters) – Morgan Stanley has agreed to pay nearly $63 million to resolve claims over the sale of toxic mortgage-backed securities to three banks that later failed, the Federal Deposit Insurance Corp said on Tuesday.
Mersch says no constraints on ECB in acting: WSJ
FRANKFURT (Reuters) – The European Central Bank does not face any limitations if it decides to act, a senior policy maker told the Wall Street Journal, warning that there could be a risk of low oil prices becoming entrenched.
Fed’s George sees more rate hikes coming despite market swings
(Reuters) – The Federal Reserve should push ahead with interest rate hikes because of the strong fundamentals of the U.S. economy, a Fed policymaker said on Tuesday, downplaying the impact of financial market volatility.
Russian oligarchs most likely buyers in Putin’s new privatization plan
MOSCOW (Reuters) – Russian oligarchs are the most likely potential buyers of the stakes in some of the country’s largest companies that President Vladimir Putin wants to sell.
GM, lawyers ask U.S. judge to reject bid to halt switch settlement
NEW YORK (Reuters) – General Motors Co has asked a judge to reject efforts by a lawyer who first publicly exposed a faulty ignition switch in GM vehicles to undo a settlement fund resolving 1,380 death and injury lawsuits.
Dow Chemical CEO Liveris to step down by mid-2017
(Reuters) – Dow Chemical Co Chief Executive Andrew Liveris said he would leave the company by mid-2017 after it merges with fellow chemical and seeds producer DuPont .
BP reports biggest ever annual loss
LONDON (Reuters) – BP slumped to its biggest annual loss last year and announced thousands more job cuts on Tuesday, showing that even one of the nimblest oil producers is struggling in the worst market downturn in over a decade.
No decision yet on OPEC, non-OPEC meeting, some in OPEC skeptical: delegates
LONDON (Reuters) – OPEC has not yet scheduled any talks with Russia and other non-OPEC countries aimed at supporting oil prices, two OPEC delegates said on Tuesday after Russian officials talked up potential cooperation with the exporter group.
Russia’s crisis produces a paradox: surging luxury car sales
MOSCOW (Reuters) – As Russia wrestles with an economic crisis, more and more Porsches and Rolls-Royces are appearing on its roads.
