Oil drops more than 1 percent on firm dollar, U.S. stock build
SINGAPORE (Reuters) – Oil fell more than 1 percent on Wednesday as the dollar strengthened, while an industry report showing a larger-than-expected rise in U.S. crude inventories also dragged on prices.
Citibank reaches pact with NY AG on ChexSystems data: WSJ
(Reuters) – Citibank, a unit of Citigroup Inc, has reached an agreement with New York Attorney General Eric Schneiderman to change its screening processes for checking and savings accounts to be more forgiving of customers’ histories, the Wall Street J…
Microsoft stock punished as concerns multiply
SEATTLE (Reuters) – Investors wiped $35 billion off Microsoft Corp’s market value on Tuesday without any clear-cut, single explanation.
Yahoo sets Alibaba stake spinoff plan, shares jump
SAN FRANCISCO (Reuters) – Yahoo Inc plans to spin off its 15 percent stake in China’s Alibaba Group Holding Ltd , responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 billion.
AT&T results beat Wall Street, shares rise after hours
SAN FRANCISCO (Reuters) – AT&T Inc on Tuesday posted a quarterly net loss that was slightly slimmer than Wall Street expected, as its mobile device deals attracted more customers, but its users switched to other networks at a higher rate.
Apple iPhone sales trample expectations as profit sets global record
(Reuters) – Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history.
Shares and dollar wilt before Fed test, Apple outperforms
SYDNEY (Reuters) – Asian stock markets followed Wall Street into the red early on Wednesday, while the euro managed a rare rally on speculation the Federal Reserve could take a dovish turn in its post-meeting statement later in the session.
Oil jumps on weaker dollar; traders wary of stock build
NEW YORK (Reuters) – Oil jumped as much as 3 percent on Tuesday as a weak dollar propped up commodities, but crude prices came off their highs in post-settlement trading on signs of another big U.S. supply build last week.
Yahoo sets Alibaba stake spinoff plan, shares jump
SAN FRANCISCO (Reuters) – Yahoo Inc plans to spin off its 15 percent stake in China’s Alibaba Group Holding Ltd , responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 billion.
AT&T results beat Wall Street, shares rise after hours
SAN FRANCISCO (Reuters) – AT&T Inc on Tuesday posted a quarterly net loss that was slightly slimmer than Wall Street expected, as its mobile device deals attracted more customers, but its users switched to other networks at a higher rate.
