JPMorgan to cut tech support jobs as revenue dips: Bloomberg
(Reuters) – JPMorgan Chase & Co , the biggest U.S. bank by assets, is slashing its technology support workforce in corporate and investment banking division following a revenue dip, Bloomberg News reported, citing people familiar with the matter.
A mixed quarter for bets on U.S. stock volatility
NEW YORK (Reuters) – With some of Wall Street’s more volatile names set to report in the next couple of days, traders who bet on big swings in shares are hoping to see moves more like Facebook than Netflix.
Merck quarterly profit beats estimates; shares gain
(Reuters) – Merck & Co Inc reported better-than-expected quarterly results on Tuesday, helped by strong sales of consumer products and medicines for arthritis and HIV, sending its shares up more than 1 percent in morning trading.
China rally, Russia respite lifts shares as focus turns to U.S
LONDON (Reuters) – World shares hovered just below all-time highs on Tuesday as investors drew encouragement from a rally in Chinese markets and beaten-down Russian stocks enjoyed some respite after three days of heavy selling.
U.S. seasonally adjusted home prices fall in May: S&P/Case-Shiller
NEW YORK (Reuters) – U.S. single-family home prices fell in May on a seasonally adjusted basis, falling short of expectations calling for a slight gain, a closely watched survey said on Tuesday.
Wall Street to rise on earnings, data weighs
NEW YORK (Reuters) – U.S. stocks were set to rise slightly at the open on Tuesday following better-than-expected results from companies such as Pfizer and Merck and ahead of data on consumer sentiment.
Apple updates MacBook Pro laptops, cuts price of older model
(Reuters) – Apple Inc said it updated its MacBook Pro line of laptops with a high-resolution Retina display, faster processors and higher memory for a starting price of $1,299.
U.S. regulators looking into UBS, Deutsche Bank speed trading operations
FRANKFURT/ZURICH (Reuters) – Germany’s Deutsche Bank and Switzerland’s UBS said they were caught up in an inquiry by U.S. regulators, who are looking into whether broker-run stock exchanges gave an unfair advantage to high-frequency traders.
Rural votes, old traumas drive India’s WTO brinkmanship
NEW DELHI (Reuters) – With grain silos spilling over, exports on the rise and an avowed market champion for prime minister, India’s threat to trash a global trade deal in the name of food security appears puzzling.
UPS slashes forecast as it spends to boost capacity
(Reuters) – United Parcel Service Inc , the world’s biggest courier company, slashed its earnings forecast for the year as it spends to boost capacity ahead of the holiday shopping season.
