Weak trading hits JPMorgan, profit falls in three core businesses
(Reuters) – JPMorgan Chase & Co , the biggest U.S. bank by assets, reported a 6.4 percent decline in revenue and profit declines in three of its four main businesses, underscoring how weak trading markets and low interest rates have hurt banks in recent months.
Intel says data center business to grow less than expected
(Reuters) – Intel Corp cut revenue growth forecast for its highly profitable business of making chips for data centers as businesses reduce spending due to weak macroeconomic growth.
Airbus likely to increase production in Mobile, mayor says
NEW YORK (Reuters) – Airbus Group SA is likely to increase aircraft output at its Mobile, Alabama, factory beyond its current four-a-month target, the mayor of the Southern U.S. city said on Tuesday.
AB InBev, SABMiller brew up $100 billion deal
BRUSSELS/LONDON (Reuters) – The world’s top two brewers, Anheuser-Busch InBev and SABMiller , have agreed in principle to one of the biggest mergers in corporate history after a near month-long courtship resulted in SABMiller accepting an offer worth m…
Wall St. declines on China fears, weak profit expectations
(Reuters) – U.S. stocks fell on Tuesday, with the Dow snapping a seven-day winning streak, on renewed fears of slowing growth in China and another bout of selling in biotech shares.
Conoco changes bylaws to allow proxy access: filing
HOUSTON (Reuters) – ConocoPhillips , the largest U.S. independent oil and gas company, on Tuesday said its board amended its bylaws to allow minority shareholders to nominate directors.
Staples’ limits severance benefits for senior executives
(Reuters) – Office supplies retailer Staples Inc said on Tuesday that it would limit severance benefits payments for senior its executives.
Fed’s Tarullo against 2015 rate hike amid Fed split over timing
(Reuters) – Federal Reserve Governor Daniel Tarullo on Tuesday said the Fed should not hike interest rates this year, in comments that point to sharp divisions within the U.S. central bank over America’s readiness for higher rates.
J&J third-quarter sales miss mark, hurt by strong dollar
(Reuters) – Johnson & Johnson reported third-quarter sales well below Wall Street estimates, hurt by the stronger dollar and disappointing demand for its Remicade arthritis drug and its Xarelto blood clot preventer.
Eight Fed banks call for discount rate hike: minutes
WASHINGTON (Reuters) – The number of Federal Reserve banks pushing the central bank to raise the rate it charges commercial banks for emergency loans rose to eight in September from five in July, minutes from the Fed’s discount rate meeting showed.
