Page 1308 - Business Finance
Apple plans some hiring reductions after selling fewer iPhones - Bloomberg
(Reuters) - Apple Inc will cut back on hiring for some divisions after lower-than-expected iPhone sales and missing its revenue forecast for the holiday quarter, Bloomberg reported on Wednesday, citing sources familiar with the matter.
U.S. stocks hit one-month high on bank results; pound up on UK PM confidence vote
NEW YORK (Reuters) - World stock markets rose on Wednesday, with Wall Street's major indexes hitting one-month highs after strong earnings from Bank of America Corp and Goldman Sachs, while the pound rose after British Prime Minister Theresa May's government won a confidence vote in parliament.
Upbeat bank earnings send Wall Street to one-month highs
NEW YORK (Reuters) - Wall Street's major indexes hit one-month highs on Wednesday as strong earnings from Bank of America Corp and Goldman Sachs Group Inc boosted investor sentiment.
Fiserv to buy First Data for $22 billion to boost payments business
(Reuters) - U.S. financial technology provider Fiserv Inc said on Wednesday it had agreed to buy payment processor First Data Corp in a $22 billion all-stock deal, the biggest ever acquisition in the booming market for digital payments.
French government calls for Renault board meeting to replace Ghosn
PARIS (Reuters) - French Finance Minister Bruno Le Maire said on Wednesday the government had requested a Renault board meeting in coming days to replace the company's scandal-hit Chairman and Chief Executive Carlos Ghosn.
Wall Street gains, fueled by bank earnings
NEW YORK (Reuters) - Wall Street's major indexes hit one-month highs on Wednesday as upbeat earnings from Bank of America Corp and Goldman Sachs Group Inc boosted investor sentiment.
Indra Nooyi under Trump administration consideration to head World Bank
Indian-American business leader Indra Nooyi, who headed the multinational PepsiCo, is under consideration for heading the World Bank, according to multiple media reports.
Strong bank earnings send Wall Street to four-week highs
NEW YORK (Reuters) - Wall Street's major indexes hit one-month highs on Wednesday as upbeat earnings from Bank of America Corp and Goldman Sachs Group Inc boosted investor sentiment.
CORRECTED - Goldman dealmakers shine in Solomon's maiden quarter
(Reuters) - Goldman Sachs Group Inc turned in a better-than-expected profit during David Solomon's first quarter at the helm, helped by dealmakers in the division the new chief executive once oversaw.
Sterling up after May wins confidence vote; stocks climb
NEW YORK (Reuters) - Major world stock indexes rose on Wednesday, with the S&P 500 supported by sharply higher U.S. bank shares after strong earnings, while the pound was up after British Prime Minister Theresa May's government won a confidence vote in parliament.
Exclusive - ADM CEO says wrong time for 'monster' acquisitions
CHICAGO (Reuters) - U.S. grain merchant Archer Daniels Midland Co (ADM) has looked at buying rivals including Bunge Ltd. and dozens of other companies but decided the time is not right for "monster" acquisitions, the company's chief executive told Reuters.
Embraer warns of little or no profit in next two years
SAO PAULO (Reuters) - Brazilian planemaker Embraer SA said on Wednesday it expects to keep $1 billion in cash after paying off all of its debt once a proposed $4.2 billion deal with Boeing Co closes, although it warned of little or no profit in the next two years.
Global Markets - World stocks climb; sterling steady ahead of May vote
NEW YORK (Reuters) - Major world stock indexes rose on Wednesday, with the S&P 500 supported by gains in U.S. bank stocks after strong earnings, while the pound was steady ahead of a no-confidence vote in British Prime Minister Theresa May's government.
Kia issues new U.S. recall of 68,000 vehicles for fire risks
WASHINGTON (Reuters) - Kia Motors Corp <000270.KS> said on Wednesday it would recall 68,000 U.S. vehicles at risk of fuel leaks after it previously recalled them in 2017 for engine fire risks.
Fortis Healthcare acquires Indian assets of RHT
Fortis Healthcare on Wednesday said that it has completed the acquisition of the entire portfolio of RHT Health Trust's Indian assets worth approximately Rs 4,666 crore.
Kia issuing new U.S. recall of 68,000 vehicles for fire risks
WASHINGTON (Reuters) - Kia Motors Corp <000270.KS> said on Wednesday it is issuing a new recall for 68,000 U.S. vehicles at risk of fuel leaks after it previously recalled them in 2017 for engine fire risks.
Cabinet approves Rs 6,000 crore capital infusion for Export-Import Bank
The Union Cabinet on Wednesday approved fresh capital infusion in the form of recapitalisation of bonds in the Export-Import Bank of India (Exim Bank) to the tune of Rs. 6,000 crore and the authorised share capital of Exim Bank has been increased from Rs 10,000 crore to Rs 20,000 crore."The decision has been taken by the government as the Exim Bank promotes the export and import process. Under this, capital adequacy will improve," said Union Railway Minister Piyush Goyal while briefing media persons after the Cabinet meeting, which was chaired by Prime Minister Narendra Modi.Goyal said the equity will be infused in two tranches of Rs 4,500 crore in the financial year 2018-19 and Rs 1,500 crore during 2019-20 fiscal. "The Cabinet also approved an increase in the authorised capital of Exim Bank from Rs 10,000 crore to Rs 20,000 crore. The recapitalisation bonds will be on the lines issued to public sector banks," he said.Exim Bank is the principal export credit agency for India. The ...
Cabinet nod to integrated e-filing and centralised processing centre
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved Rs 4,241.97crore for integrated e-filing and centralised processing centre--2.0 Project-of the Income Tax Department.The Union Cabinet also approved the expenditure sanction for the consolidated cost of Rs 1,482.44crore of the existing CPC-ITR 1.0 project up to FY 2018-19. The broad objectives of the project include a faster and accurate outcome for the taxpayer, first-time-right approach, enhancing the user experience at all stages, and improving taxpayer awareness and education through continuous engagement.This approval has significant benefits for the Department and taxpayers through various functionalities such as pre-filling of ITR and acceptance by taxpayer as a means to improve accuracy and to reduce refund/processing turnaround time drastically, facilitation to taxpayers in resolving outstanding tax demands; integrated contact centers for taxpayer assistance and taxpayer outreach program through
Exclusive: ADM CEO says wrong time for 'monster' acquisitions
CHICAGO (Reuters) - U.S. grain merchant Archer Daniels Midland Co (ADM) has looked at buying rivals including Bunge Ltd. and dozens of other companies but decided the time is not right for "monster" acquisitions, the company's chief executive told Reuters.
Palladium hits peak on demand, gold gains on Fed view
BENGALURU (Reuters) - Palladium rose to a record high on Wednesday on increasing demand and lower supply of the metal used in autocatalysts, while gold gained on expectations of a pause in the U.S. Federal Reserve's rate hiking cycle.