Page 1224 - Business Finance
'Maddening' U.S. shutdown hangs over airlines even as profits beat
CHICAGO (Reuters) - Three major U.S. airlines said on Thursday the U.S. government partial shutdown had not yet had a major financial impact but a tipping point might be near.
Intel's forecast misses on slowing China, data centre; shares tumble
(Reuters) - Intel Corp forecast current-quarter revenue and profit below analysts' estimates and missed on fourth-quarter sales expectations on Thursday, hit by a slowdown in China and sluggish demand for its data centre and modem chips.
Western Digital quarterly revenue misses estimates, shares fall
(Reuters) - Western Digital Corp reported a bigger-than-expected 20.7 percent fall in quarterly revenue on Thursday, exacerbating concerns that a China-led slowdown in smartphone demand is weighing on sales of its data storage devices.
Intel forecasts first-quarter below estimates, shares fall
(Reuters) - Intel Corp forecast current-quarter revenue and profit below analysts' estimates and missed on fourth-quarter revenue expectations on Thursday, as a slowdown in China hit demand for its data centre chips.
Starbucks tops sales, earnings estimates as newer menus click
(Reuters) - Starbucks Corp topped Wall Street forecasts for quarterly sales and earnings, as rejigged menus and heavy promotions helped attract customers to its cafes, driving its shares 4 percent higher on Thursday.
Western Digital revenue slumps 20.7 percent
(Reuters) - Data storage device maker Western Digital Corp reported a bigger-than-expected 20.7 percent fall in quarterly revenue on Thursday, adding to concerns over a China-led slowdown in smartphone demand.
Nasdaq boosted by chip rally, Dow, S&P 500 stall
NEW YORK (Reuters) - The S&P 500 edged higher but the Dow closed nominally lower on Thursday as lingering anxieties about slowing global growth and unresolved trade disputes undercut a spate of strong earnings, while chipmakers rallied to give the Nasdaq a solid gain.
Starbucks beats quarterly sales estimates
(Reuters) - Starbucks Corp topped Wall Street forecasts for quarterly same-restaurant sales on Thursday, as newer beverages and rejigged menus helped attract customers to its cafes in both the United States and China, its top two markets.
Intel forecasts first-quarter below estimates
(Reuters) - Intel Corp forecast first-quarter revenue and profit below analysts' estimates on Thursday, adding to concerns of an industry-wide slowdown sparked by the U.S.-China trade war.
Global Markets: Stocks meander, bonds up after ECB, U.S.-China trade talk
NEW YORK (Reuters) - Stocks flitted between positive and negative territory on Thursday while U.S. Treasuries were in demand after the European Central Bank chief said economic growth was likely to be weaker than previously expected and the United States was cautious on prospects for a trade deal with China.
Correction: No-deal Brexit would cost Ford up to $1 billion - source
DETROIT (Reuters) - (Corrects paragraph 3 to Ford spokesman, not unnamed source) Ford faces a bill of up to $1 billion if Britain leaves the European Union without a deal, comprising World Trade Organization tariffs and the impact of a weaker pound, a person familiar with the company's plans said on Thursday.
U.S. government shutdown threatens rollout of new car models - automakers
WASHINGTON (Reuters) - The partial U.S. government shutdown is threatening to delay the roll-out of new vehicle models in the United States by stalling required certifications from the Environmental Protection Agency, automakers said.
U.S. oil up one percent on Venezuela turmoil, but hefty stock build weighs
NEW YORK (Reuters) - U.S. oil prices rose by 1 percent on Thursday, boosted by the U.S. threat of sanctions on Venezuela, but gains were capped by record high gasoline inventories and an unexpected big build in crude stocks in the United States.
J.P. Morgan pares U.S. first quarter GDP view to 1.75 percent
NEW YORK (Reuters) - J.P. Morgan economists reduced their outlook for U.S. economic growth in the first quarter to 1.75 percent from 2.00 percent as the partial U.S. government shutdown has stretched to a second month for the longest one ever, they said on Thursday.
Renault-Nissan alliance needs 'strong' leadership after Ghosn's resignation: FM
French main car manufacturer Renault and its Japanese partner needed "strong, stable governance" after chairman and CEO Carlos Ghosn stepped down due to financial scandal, French Finance Minister Bruno Le Maire said on Thursday.
Global Markets: Stocks weak, bonds up after ECB, U.S.-China trade talk
NEW YORK (Reuters) - A global stock index clung to gains on Thursday and U.S. Treasuries were in demand after the European Central Bank chief said economic growth was likely to be weaker than previously expected and the United States was cautious on prospects for a trade deal with China.
S&P 500, Dow sag on trade worries, chipmakers lift Nasdaq
NEW YORK (Reuters) - The S&P 500 and the Dow edged lower on Thursday as lingering anxieties about slowing global growth and unresolved trade disputes kept buyers at bay, but chipmakers rallied to push the Nasdaq into the black.
BBC eyeing post-Brexit base in Brussels or Amsterdam: source
British public broadcaster the BBC could open a major new European office after Brexit, perhaps in Brussels or Amsterdam, a Belgian official told AFP on Thursday. The BBC did not have any immediate comment on the report, which comes as businesses look to adapt to a future where Britain is outside the European Union. "The BBC is planning, given Brexit, to open a major base on the continent," a Belgian government source told AFP, confirming press reports. "The prime minister met BBC managers yesterday in Davos to sell them on Belgium. We know we're on the shortlist. There are two more, including Amsterdam." Belgian leader Charles Michel is at the World Economic Forum in Davos, Switzerland, an annual get-together for the global business, media and political elite. "We have several trump cards," the official continued. "We're a multilingual country, we have several international institutions like the EU and NATO and we're close to London, three hours by Eurostar." The BBC already has a ...
Yes Bank Q3 net profit decline by 7%
Yes Bank on Thursday reported a 7 per cent decline in its net profit for the third quarter of the financial year 2018-19.
Chipmakers, airlines lift Nasdaq; trade worries stall S&P, Dow
(Reuters) - A rally in shares of chipmakers and airlines lifted the Nasdaq on Thursday, while the Dow Industrials and the S&P 500 wavered due to concerns about the Sino-U.S. trade dispute and the longest U.S. government shutdown ever.