Intel forecasts disappointing revenue; shares fall
(Reuters) – Chipmaker Intel Corp forecast current-quarter revenue and gross margins that disappointed investors, sending its shares down more than 2 percent in extended trading.
In surprise move, Target exits Canada and takes $5.4 billion loss
TORONTO (Reuters) – Target Corp will exit the Canadian market after less than two years in a surprise retreat that will throw more than 17,000 employees out of work and trigger a $5.4 billion quarterly loss.
Wall Street drops for fifth day on global weakness worry; Intel down late
NEW YORK (Reuters) – U.S. stocks fell for a fifth straight session Thursday as bank results disappointed and investors fretted over the potential impact of global economic weakness on U.S. corporate earnings.
Morgan Stanley executives visit brokerages to reassure after data theft
NEW YORK (Reuters) – The leadership team of Morgan Stanley’s wealth management business has been visiting brokerage offices around the country since last week to reassure advisers and clients in the wake of an alleged data theft by a former employee, p…
Oil settles down despite promising mid-day rally
NEW YORK (Reuters) – Oil prices declined on Thursday as an erratic dollar and expectations of weakening demand dashed hopes that a strong rally Wednesday might have signaled a bottom to the seven-month price rout.
Swiss central bank stuns market with policy U-turn
ZURICH (Reuters) – The Swiss National Bank shocked financial markets on Thursday by scrapping a three-year-old cap on the franc, sending the currency soaring against the euro and stocks plunging on fears for the export-reliant Swiss economy.
Canada pushes back budget to April due to market instability
CALGARY (Reuters) – The Canadian government will unveil its budget this year later than it usually does, waiting at least until April because of market volatility, Finance Minister Joe Oliver said on Thursday.
GM does not have to turn over notes to ignition-flaw plaintiffs: judge
NEW YORK (Reuters) – A U.S. judge on Thursday refused to let plaintiffs’ lawyers suing General Motors Co access notes from lawyers the company hired to prepare an internal report on the automaker’s decade-long mishandling of a deadly ignition-switch flaw.
Bank of America fourth-quarter profit hurt by low interest rates
(Reuters) – Bank of America Corp , the second largest U.S. bank by assets, reported a 14 percent fall in quarterly profit as a decline in bond yields further crimped earnings.
Morgan Stanley promotes 151 to managing director
NEW YORK (Reuters) – Morgan Stanley said it has promoted 151 employees to managing director on Thursday, more than half of them in the institutional securities business.
