Wal-Mart’s U.S. sales miss mark as shoppers stay cautious
(Reuters) – Wal-Mart Stores Inc on Thursday forecast a disappointing profit for the holiday season after reporting its third straight quarterly decline in U.S. comparable sales because of fewer shopper visits.
JP Morgan, Citi win bigger share of investment banking revenue
LONDON (Reuters) – U.S. investment banks JPMorgan Chase & Co and Citi saw their share of investment banking revenue increase more than any of their peers in the first nine months of the year, new research showed on Thursday.
VW hit by 2.6 million vehicle recall focused on China
BERLIN (Reuters) – Volkswagen is recalling over 2.6 million cars, about a third of them in China, to fix a variety of problems, a blow to a group striving to overtake Toyota and General Motors as the world’s biggest carmaker.
After accidents, U.S. railroads seek tougher tank car standards
NEW YORK (Reuters) – U.S. railroads on Thursday called on regulators to improve safety standards for tank cars carrying flammable liquids following a boom in transporting oil by rail and a spate of accidents and spills.
Analysis: Union rejection sends Boeing in search of new 777X site
NEW YORK/SEATTLE (Reuters) – Boeing Co workers’ rejection of a new labor deal has sent the U.S. planemaker in search of alternative sites to build its newest jet and could mark the beginning of the end for wide-body aircraft manufacturing in the Seattl…
Viacom posts higher fourth quarter revenues on strong ad growth
(Reuters) – Viacom Inc reported a nearly 9 percent rise in fiscal fourth-quarter revenue on Thursday, driven by strong advertising growth at its cable networks and improved television ratings, but forecast weaker ad performance in the current quarter.
Yellen says imperative to promote very strong recovery
WASHINGTON (Reuters) – Janet Yellen on Thursday robustly defended the Federal Reserve’s bold steps to spur economic growth, calling efforts to boost hiring an “imperative” at a hearing into her nomination to become the first woman to lead the U.S. cent…
JPMorgan to shut Geneva energy trading operation: sources
LONDON (Reuters) – JPMorgan is set to close its energy trading operation in Geneva, which employs a team of around 12 traders, within the next four to five months, sources familiar with the matter said on Thursday.
JPMorgan to shut Geneva energy trading operation: sources
LONDON (Reuters) – JPMorgan is set to close its energy trading operation in Geneva, which employs a team of around 12 traders, within the next four to five months, sources familiar with the matter said on Thursday.
Wall Street watchdog puts up fight in Calif. broker cases
(Reuters) – Securities brokers who think California’s state court system offers an easy path for erasing details from their public records may want to think again.
