Intel gives lukewarm revenue forecast, shares fall
SAN FRANCISCO (Reuters) – Intel Corp’s earnings missed expectations by a penny in the fourth quarter due to weak spending on servers and the chipmaker gave a lukewarm forecast for first-quarter revenue that did little to dispel concerns about a slowing…
Apple China Mobile launch could spark costly subsidy war
BEIJING (Reuters) – Apple Inc is finally launching its iPhone on China Mobile Ltd’s vast network on Friday, opening the door to the world’s largest carrier’s 763 million subscribers and giving its China sales a short-term jolt.
Bond trading stings Goldman, Citi in fourth quarter
(Reuters) – Goldman Sachs Group Inc and Citigroup Inc suffered a steep drop in bond trading revenue in the fourth quarter, a stinging blow for two banks long seen as stalwarts of fixed income markets.
U.S. judge rejects deal to end Detroit swap agreements
DETROIT (Reuters) – A U.S. bankruptcy judge on Thursday rejected a deal allowing Detroit to end costly interest-rate swap agreements with two investment banks, possibly further delaying when the city will submit to the court its plan to adjust its debt…
American Express profit doubles as US holiday shoppers spend more
(Reuters) – Credit card company American Express Co’s quarterly profit more than doubled as customers spent more in the holiday season in the United States, its core market.
Target agrees to testify on Capitol Hill about data breach
WASHINGTON (Reuters) – Target Corp has agreed to testify before Congress in early February about a data breach that compromised credit and debit card and personal data of millions of customers, a House of Representatives subcommittee said on Thursday.
U.S. companies allowed to delay disclosure of data breaches
NEW YORK (Reuters) – A decade of lawmaking by U.S. states to ensure consumers are told when their data has been hacked still lets companies such as Target Corp wait weeks or even months to disclose security breaches.
Canada loses patience on Keystone XL, tells U.S. to decide
OTTAWA (Reuters) – Canada bluntly told the United States on Thursday to settle the fate of TransCanada Corp’s proposed Keystone XL pipeline, saying the drawn-out process on whether to approve the northern leg of the project was taking too long.
BlackRock profit jumps on strong markets; shares gain
(Reuters) – BlackRock Inc, the world’s largest money manager, reported a higher-than-expected quarterly profit on Thursday, benefiting from strong markets and a flow of new money into its exchange-traded funds and retail business.
U.S. data points to firming labor market, inflation tame
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell for the second consecutive week last week, suggesting a sharp step-down in job growth in December was likely to be temporary.
