EBay’s disappointing forecast fuels stock decline
January 28, 2016 by publisher · Leave a Comment
EBay Inc forecast weaker-than-expected revenue and profit for the current quarter and full year, as the e-commerce company struggles against a strong dollar while trying to revamp its core marketplace business. The online retailer, which faces intense competition from e-commerce giant Amazon.com Inc, has also been hit by brick-and-mortar rivals like Wal-Mart Stores Inc that are aggressively boosting their online presence. Under its new chief executive Devin Wenig,
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EBay’s disappointing forecast fuels stock decline
Takata prepares CEO exit over air bag safety scandal: sources
January 28, 2016 by creative · Leave a Comment
Takata Corp is preparing the ground for the exit of its chief executive, two people close to the Japanese air bag maker said, as pressure builds on a company reeling from the auto industry's biggest recall. Takata has been under fire for almost two years over defective air bags that can explode with excessive force and shoot shrapnel inside the car – a problem that has ballooned…
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Takata prepares CEO exit over air bag safety scandal: sources
In U.S. oil capital Houston, no cheap fuel bonanza for airlines
January 28, 2016 by publisher · Leave a Comment
While airlines are in no rush to pass on fuel savings to passengers brought by the collapse in oil prices, the Houston travel market has left them little choice. Airlines serving the U.S. oil capital have resorted to steep discounts to lure newly budget-conscious energy executives back into the air, according to an analysis of ticket prices provided exclusively to Reuters. Crude'
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In U.S. oil capital Houston, no cheap fuel bonanza for airlines
Fed keeps rates unchanged, wary eye on global markets
January 28, 2016 by admin · Leave a Comment
The U.S. Federal Reserve kept interest rates unchanged on Wednesday and said it was “closely monitoring” global economic and financial developments, signaling it had accounted for a stock market selloff but wasn't ready to abandon a plan to tighten monetary policy this year. Fed …
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Fed keeps rates unchanged, wary eye on global markets
Hedge funds betting against China eye ‘Soros moment’
January 26, 2016 by creative · Leave a Comment
By Patrick Graham LONDON (Reuters) – A handful of mainly U.S.-based macro hedge funds have led bets against China's yuan since late last year and the coming weeks should tell how right they are in predicting a devaluation…
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Hedge funds betting against China eye ‘Soros moment’
Lockheed seals services deal with Leidos, forecasts profit below view
January 26, 2016 by admin · Leave a Comment
By Andrea Shalal WASHINGTON (Reuters) – Lockheed Martin Corp on Tuesday announced a $5 billion tax-free deal to combine its information systems and government services business with Leidos Holdings Inc , and forecast a lower-than-expected profit in 2016. Lockheed's shares fell as much as 5 percent amid confusion over future prospects for the Pentagon's No. 1 supplier, although the stock recovered after Lockheed officials reassured analysts they still expected rising sales and earnings in coming years. Lockheed was
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Lockheed seals services deal with Leidos, forecasts profit below view
DuPont doubles down on cost cuts ahead of Dow Chemical merger
January 26, 2016 by publisher · Leave a Comment
(Reuters) – Chemicals and seed producer DuPont's quarterly profit topped analysts' estimates as the company intensifies its cost-cutting efforts ahead of its merger with Dow Chemical Co . DuPont said on Tuesday it was looking to cut its costs in 2016 by $730 million from 2015-levels. The company's previous cost-reduction plan, launched under former CEO
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DuPont doubles down on cost cuts ahead of Dow Chemical merger
Energy earnings will hint at who survives crude’s rout
January 26, 2016 by publisher · Leave a Comment
By Rodrigo Campos NEW YORK (Reuters) – As crude prices crater, threatening a sizeable number of U.S. oil producers who are predicted to fail under continued global oil doom, the current earnings season will be an important window into who will be standing …
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Energy earnings will hint at who survives crude’s rout
U.S. consumer, housing data underscore economy’s resilience
January 26, 2016 by creative · Leave a Comment
There are, however, signs the malaise from manufacturing and export-oriented industries is starting to filter into the services sector, with data on Tuesday showing activity in that vast sector hit a one-year low in January. The Conference Board said its consumer confidence index rose to 98.1 this month from 96.3 in December as …
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U.S. consumer, housing data underscore economy’s resilience
Iran marks comeback with talks to buy 160 European planes
January 25, 2016 by creative · Leave a Comment
By Tim Hepher TEHRAN (Reuters) – Iran unveiled an expanded shopping list for more than 160 European planes – including 8 superjumbos – and dangled another big order in front of Boeing at Tehran's first major post-sanctions business gathering on Sunday. In a sign of Tehran's determination to compete with established …
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Iran marks comeback with talks to buy 160 European planes