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BlackRock jilts State Street, moves $1 trillion in custody assets to JPMorgan

State Street Corp on Wednesday reported a 3.4 percent drop in fourth-quarter revenue and said it lost more than $1 trillion in custody assets to JPMorgan Chase & Co Inc , sending State Street stock tumbling as much as 7.5 percent. State Street is the world's No. 2 custody bank with $28.8 trillion in assets under custody and administration.

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BlackRock jilts State Street, moves $1 trillion in custody assets to JPMorgan

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Cuban trade delegation visits U.S. as Trump ponders detente

A Cuban trade delegation arrived in the United States this week to visit four states and six ports, even as the Trump administration pondered what to do with a fragile detente initiated…

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Cuban trade delegation visits U.S. as Trump ponders detente

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Boeing sets cash flow record, lifts 2017 forecast for jet output

(Reuters) – Boeing Co said on Wednesday it expects to deliver between 760 and 765 commercial aircraft in 2017, topping 748 deliveries in 2016. The world's biggest maker of jetliners said it expects 2017 core earnings, which exclude some pension and other costs, of between $9.10 and $9.30 per share on revenue of $90.5 billion to $92.5 billion. Boeing forecast operating cash flow of about $

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Boeing sets cash flow record, lifts 2017 forecast for jet output

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Cisco to buy AppDynamics for $3.7 billion in growth push

By Liana B. Baker and Heather Somerville SAN FRANCISCO (Reuters) – Cisco Systems Inc said on Tuesday that it agreed to buy U.S. business software company AppDynamics Inc for about $3.7 billion, making one of its largest deals of recent years as it searches for growth beyond its core networking business. Legacy technology players like Cisco have been…

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Cisco to buy AppDynamics for $3.7 billion in growth push

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Oil dips on Canada output prospects, record U.S. stocks

By Simon Falush LONDON (Reuters) – Crude prices fell on Wednesday as oil sands production in Canada restarted after forced closures due to wildfires, and as already record-high inventories especially in the United States grew. U.S. West Texas Intermediate (WTI) futures were down 44 cents at $44.22 a barrel. A battle between Middle East producers for market share in Asia also weighed on prices, countering production declines and disruptions around the world.

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Oil dips on Canada output prospects, record U.S. stocks

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Oil jumps to 2016 highs as dollar drops on Fed decision

By Barani Krishnan NEW YORK (Reuters) – Oil prices jumped about 3 percent on Wednesday, hitting new highs for 2016 as the dollar weakened after the Federal Reserve announced it would leave U.S. interest rates unchanged. Oil had risen early, the day after an industry group said U.S. crude inventories had dropped in the latest week. In early afternoon, the Fed announced it was leaving interest rates unchanged, and issued a statement implying it

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Oil jumps to 2016 highs as dollar drops on Fed decision

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Oil hovers near 11-year lows on abundant supply, slowing demand

Oil prices steadied not far off their 11-year lows on Tuesday, under pressure from slowing global demand and abundant supplies, with Saudi Arabia signaling no change to its oil policies and Iran preparing to ramp up exports. International benchmark Brent and U…

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Oil hovers near 11-year lows on abundant supply, slowing demand