S&P 500 ends unchanged; more carnage in oil stocks
(Reuters) – Wall Street ended flat after a choppy session on Tuesday as falling oil prices led to more carnage in energy stocks and an “in line” economic report showed slower growth in China.
BofA earnings beat tempered by concern about weak oil prices
(Reuters) – Bank of America Corp joined other lenders in expressing concern about weak oil prices after the No. 2 U.S. bank by assets reported better-than-expected quarterly earnings, helped by a drop in costs and revenue rises in most of its businesse…
Morgan Stanley looks to move jobs to cheaper cities in bid to cut costs
(Reuters) – Morgan Stanley will be straying ever further from its Wall Street roots in the coming months as it shifts more operations to lower cost cities like Mumbai and Budapest as it aims to slash costs.
Bill Gross on CNBC says investors should stay with U.S. Treasuries
NEW YORK (Reuters) – Bill Gross, the closely followed investor, said on CNBC on Tuesday that investors should stick with U.S. Treasuries in the wake of recent market turmoil.
Oil pares most gains after warning market could ‘drown in oversupply’
NEW YORK (Reuters) – Brent crude rebounded on Tuesday from 12-years lows after data showed record demand in China, but a warning by the world’s energy watchdog that the market could “drown in oversupply” limited the global benchmark’s gains and sent U….
IEA says oil market may ‘drown in oversupply’ in 2016
(Reuters) – Unseasonably warm weather and rising supply will keep the crude oil market oversupplied until at least late 2016 and could push the price below its current 12-year lows, the International Energy Agency said on Tuesday.
VW says speculation over CEO’s position unfounded
BERLIN (Reuters) – Volkswagen Chief Executive Matthias Mueller has the backing of top players on the supervisory board, a spokesman said, dismissing rumors that support for him is crumbling due to his handling of the emissions crisis in the United Stat…
Morgan Stanley beats forecasts, girds for more cost cuts
(Reuters) – For Morgan Stanley, belt-tightening is becoming a way of life.
Confidence among CEOs sags as China’s slowdown spooks Davos
DAVOS, Switzerland (Reuters) – Confidence about near-term sales growth among chief executives around the world has fallen to its lowest level in six years as China’s economic engine slows and a slump in oil prices signals deep unease about the global o…
Shareholder sues Viacom board over Sumner Redstone health
(Reuters) – A shareholder filed a lawsuit against Viacom’s board on Tuesday, alleging the company and CBS improperly paid millions to executive chairman Sumner Redstone “while he was physically and mentally incapacitated.”
