Wall Street set to open higher with bank earnings in focus
(Reuters) - Wall Street's main indexes were poised to open higher on Wednesday following strong results from Bank of America and a double upgrade on IBM.
UK PM May pressured to safeguard jobs after Carillion's collapse
LONDON (Reuters) - Britain needs to allow more time for firms to take on 8,500 workers whose jobs are threatened by the demise of Carillion, unions said on Wednesday, as Prime Minister Theresa May faced criticism for the way the government outsources...
Bank of America net profit slumps on $2.9 billion tax charge, adjusted income beats
(Reuters) - Bank of America Corp's net profit nearly halved compared with a year earlier as it booked a $2.9 billion charge stemming from the new federal tax law although it beat analysts' estimates when adjusted for the charge.
Goldman posts first quarterly loss in 6 years on tax hit; trading slumps
(Reuters) - Goldman Sachs Inc on Wednesday posted its first quarterly loss in six years on a huge tax charge but adjusted profit trumped analysts' estimates, as strength in the investment banking business cushioned the blow from a slump in...
Rolls-Royce shares jump as commercial marine unit goes on the block
LONDON (Reuters) - Britain's Rolls-Royce said on Wednesday it was considering the sale of its commercial marine business, which has been hit by weak demand in offshore oil and gas markets, as part of a restructuring of the company into three core...
U.S. charges Barclays forex trader with fraud
LONDON (Reuters) - The U.S. Department of Justice (DoJ) has charged a Barclays foreign exchange trader over his alleged role in a scheme to defraud a client of the bank, the DoJ said.
Bitcoin slumps to $10,000, half its peak price, as regulatory fears grow
LONDON/TOKYO (Reuters) - Bitcoin skidded a further 12 percent on Wednesday, marking an almost halving in value from its peak price, with investors spooked by fears regulators could clamp down on the volatile cryptocurrency that skyrocketed last...
World shares pull back from record highs, set for second fall of 2018
LONDON (Reuters) - World shares pulled back from record highs on Wednesday, set for only their second day of losses in 2018 as lower commodity prices and a string of downbeat updates from companies dampened the mood in global markets.
Exclusive: J&J attracts Chinese interest for diabetes business in potential $3-4 billion deal - sources
HONG KONG (Reuters) - Chinese bidders are circling a diabetes care business owned by the world's largest healthcare company Johnson & Johnson in a deal that could fetch up to $4 billion, five people with direct knowledge told Reuters.
Exclusive: GM, DHL use a Chinese plant to lead manufacturing change
LIUZHOU, China, (Reuters) - Inside General Motors Co's vehicle assembly plant in this southern China city, many workers wear the red-and-yellow uniforms of DHL, the logistics company.