Goldman Sachs profit falls 11 percent but beats estimates
(Reuters) – Goldman Sachs Group Inc reported an 11 percent drop in quarterly profit as client activity remained constrained and fixed-income revenue shrank, but both earnings and revenue beat market estimates and the Wall Street bank’s shares rose.
UnitedHealth says first-quarter profit fell on reform costs
(Reuters) – UnitedHealth Group Inc , the largest U.S. health insurer, said on Thursday that first-quarter profit fell due to costs and taxes related to the national healthcare reform law as well as government cuts to private Medicare funding.
Google still top pick for Wall Street, despite mobile ad challenges
(Reuters) – Google Inc’s disappointing first-quarter results left Wall Street unfazed about the internet giant’s ability to come to grips with a shift to the fast-growing mobile advertising market.
ECB hardliner Weidmann comes in from the cold as deflation threatens
FRANKFURT (Reuters) – As recently as last November, Jens Weidmann steadfastly opposed any move by the European Central Bank to print money to buy assets and buoy the euro zone economy. No longer.
U.S. delay pushes Canada oil pipeline choke points upstream
CALGARY, Alberta (Reuters) – Enbridge Inc is on the brink of breaking through oil pipeline bottlenecks in the U.S. Midwest that have dogged the company for nearly four years, potentially ending a need to ration space at the heart of its network.
U.S. shares seen opening lower as tech giants stumble
LONDON (Reuters) – European shares fell and U.S. futures pointed to a weaker open on Wall Street on Thursday after disappointing results from tech heavyweights Google and IBM, while the dollar fell on dovish U.S. Federal Reserve comments.
GSK, facing bribery claims, battles to build new sales model
LONDON (Reuters) – Drugmaker GlaxoSmithKline – hit by bribery claims in five countries – is to employ hundreds more doctors as members of staff as it seeks to build a new sales model designed to eliminate sharp marketing practices.
BOJ keeps upbeat view on regional Japan, sees limited tax hike impact
TOKYO (Reuters) – The Bank of Japan maintained its upbeat view on most of the country’s regional economies, adding to reassurances from its governor that the world’s third-largest economy can ride out the pain from a sales tax hike without additional s…
A star abroad, India central bank boss riles bond traders at home
MUMBAI (Reuters) – Since taking the helm of India’s central bank, Raghuram Rajan’s agenda to reform markets has put the noses of Mumbai bond traders firmly out of joint by upending practices that provided them with a relatively secure rate of return.
Europe’s car sales upturn fails to halt price war
PARIS (Reuters) – Europe’s car sales recovery may be taking hold, according to registrations data published on Thursday, but a confidential industry survey shows the pickup is failing to halt a price war.
