Lockheed seals services deal with Leidos, forecasts profit below view
WASHINGTON (Reuters) – Lockheed Martin Corp on Tuesday announced a $5 billion tax-free deal to combine its information systems and government services business with Leidos Holdings Inc , and forecast a lower-than-expected profit in 2016.
U.S. consumer, housing data underscore economy’s resilience
NEW YORK (Reuters) – U.S. consumer confidence improved in January despite a stock market rout and house prices accelerated in November, suggesting underlying strength in the economy despite a sharp growth slowdown in recent months.
P&G core sales return to growth due to price hikes
(Reuters) – Procter & Gamble Co’s new chief executive is off to a “nice start” as the company’s core sales returned to growth in the second quarter, helped by price hikes and as it shed underperforming brands.
Facebook’s price-earnings ratio near record low ahead of fourth-quarter report
SAN FRANCISCO (Reuters) – A recent drop in Facebook Inc’s stock has left the online social network trading at earnings multiples near record lows as it prepares to hand investors its fourth-quarter report.
JPMorgan to pay Ambac $995 million to settle RMBS-related claims
(Reuters) – Bond insurer Ambac Financial Group Inc said JPMorgan Chase & Co will pay $995 million to settle disputes related to residential mortgage-backed securities.
Apple set for slowest ever iPhone sales growth
(Reuters) – Apple Inc is expected to report a 1.3 percent increase in iPhone sales in the holiday quarter, its slowest ever and a far cry from the double-digit growth investors have come to expect.
Apple plans to offer subscription content through News app
(Reuters) – Apple Inc is working to make subscription content available through its News app, giving publishers with paywalls a new way to control who sees their articles, two sources familiar with the matter said.
DuPont doubles down on cost cuts ahead of Dow Chemical merger
(Reuters) – Chemicals and seed producer DuPont’s quarterly profit topped analysts’ estimates as the company intensifies its cost-cutting efforts ahead of its merger with Dow Chemical Co .
Energy earnings will hint at who survives crude’s rout
NEW YORK (Reuters) – As crude prices crater, threatening a sizeable number of U.S. oil producers who are predicted to fail under continued global oil doom, the current earnings season will be an important window into who will be standing when the dust …
AIG to spin off mortgage unit, cut jobs in sweeping overhaul
(Reuters) – American International Group Inc said it would spin off its mortgage insurance unit, cut jobs and sell its broker-dealer network as part of a sweeping overhaul promised to shareholders to fend off activist investor Carl Icahn.
