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Turnaround costs push Deutsche Bank to $6 billion loss FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) plunged to a bigger than expected loss of 5.7 billion euros ($6.3 billion) last year, its fifth in a row, as the cost of its latest turnaround attempt hit earnings. This video file cannot be played.(Error Code: ...
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The SECURE Act Is The Law, But What's The Rush? It happened at the end of 2017, and it's happened again. Congress passes major tax legislation - much of which is effective immediately – and then recesses. On December 22, 2017, the President signed the Tax Cuts and Jobs Act, most of it effective ten days ...
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The IRS Just Made It Easier To File Your Taxes For Free I hate to be the bearer of bad news, but it is that time of year, tax season is about to begin yet again. Does it not feel like you just finished filing taxes for the prior year? On the bright side, the Internal Revenue Service (IRS) has just made it easier to file your ...
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Bank of England keeps rates steady as it eyes post-election pick-up LONDON (Reuters) - The Bank of England kept interest rates steady on Thursday, saying signs that Britain's economy had picked up since December's election and that the global economy had stabilized meant further stimulus was not needed now.
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Japan Seeks Arrests of 3 Americans Accused of Helping Ghosn Escape TOKYO — Japanese prosecutors on Thursday issued arrest warrants for three Americans suspected of helping former Nissan chairman Carlos Ghosn flee the country, where he was awaiting trial on charges of financial wrongdoing. Mr. Ghosn surprised the ...
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US Regulators Set to Ease Limit on Banks' Ownership of Venture Capital Funds WASHINGTON—U.S. regulators led by the Federal Reserve on Thursday were prepared to propose removing a 3% limit on the stakes that banks can own in venture capital funds, the latest step in easing a set of postcrisis regulations known as the Volcker ...
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Why Starbucks Investors Shouldn't Worry About Coronavirus Starbucks (NASDAQ:SBUX) nailed its first-quarter earnings report Tuesday. But in spite of strong results across the board, investors were spooked by the outbreak of coronavirus in China. Shares were trading down 2.7% in afternoon trading Wednesday as a ...
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NBCUniversal fined $16 million for illegal sales curb in EU BRUSSELS (Reuters) - NBCUniversal was fined 14.3 million euros ($15.86 million) by the European Union on Thursday for illegally restricting sales of merchandise linked to films such as "Minions", as the bloc cracks down on practices blocking cross-border ...
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Tesla Will Start Delivering Its New Model Y This Quarter The Model 3 is winning over hundreds of thousands of customers, helping Tesla's (NASDAQ: TSLA) total quarterly vehicle delivery volume more than quadruple in just over two years. But the electric-car maker thinks its next vehicle to come to market will sell ...
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Las Vegas Sands (LVS) Q4 Earnings & Revenues Beat Estimates Las Vegas Sands Corp. LVS reported fourth-quarter 2019 results, wherein both earnings and revenues surpassed the respective Zacks Consensus Estimate after missing the same in the trailing two quarters. Moreover, both the metrics also improved year ...
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Essex Property (ESS) Q4 FFO & Revenues Surpass Estimates Essex Property Trust Inc. ESS reported fourth-quarter 2019 core funds from operations (FFO) per share of $3.45, surpassing the Zacks Consensus Estimate of $3.42. The figure also improved 8.2% from the year-ago quarter tally of $3.19. Results of this ...
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Unilever stirs the pot with review of global tea business (Reuters) - Unilever (ULVR.L) UNc.AS will conduct a review of its global tea business, including the PG Tips and Lipton brands, in an apparent strategy rethink by Chief Executive Alan Jope in the face of slowing group sales growth. FILE PHOTO: A shopper ...
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Microsoft Cloud Revenue Regains Momentum, Sending Profit Above Street Estimates (Reuters) - Microsoft Corp on Wednesday reported quarterly sales and profit that beat Wall Street expectations, driven by the first acceleration of Azure cloud computing revenue growth in eight quarters amid a pitched battle with Amazon.com Inc's cloud unit.
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Juul Valuation Falls To $12 Billion As Altria Takes Another $4.1 Billion Hit Topline: In its quarterly results on Thursday, tobacco giant Altria revealed that it was writing down its investment in Juul Labs for a second time, with its stake taking a $4.1 billion hit amid mounting litigation against the e-cigarette maker. Citing an increased ...
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Dow Jones Today, Stocks Pare Opening Losses; Microsoft, ServiceNow Rally; Facebook Dives Stocks took a leg down at Thursday's starting bell, as global markets read increasing economic impact into China's spreading coronavirus outbreak. Chip stocks were mixed but software stocks showed strength, as ServiceNow (NOW) headed the S&P 500 and ...
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Is L Brands Rallying on Rumored Sale of Victoria's Secret? L Brands, Inc.'s LB shares surged 12.9% during the trading session on Jan 29. The stock gained momentum on media speculations that the company is exploring alternatives for its beleaguered Victoria's Secret lingerie brand. Reports also highlighted the ...
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These are the UK's top LGBT employers for 2020 Newcastle City Council has been named the most inclusive employer in the U.K. by lesbian, gay, bisexual and transgender (LGBT) charity Stonewall in its 2020 rankings. The city council in the north east of England was the first local authority to come top of ...
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Coca-Cola Posts Higher Quarterly Sales Coca-Cola Co. reported higher sales in the latest quarter as demand for its namesake drinks grew, beating analysts' estimates. Fourth-quarter sales rose 16% to $9.07 billion from a year earlier, ahead of the $8.88 billion analysts polled by FactSet had ...
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Startup Expert Steve Blank Reflects on the Legacy of Harvard Professor Clayton Christensen Say not in grief he is no more -- but live in thankfulness that he was. If you're reading my blog, odds are you know who Clayton Christensen was. He passed away this week, and it was a loss to us all. Everyone who writes about innovation stood on his ...
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Spirit Aero to restart production of 737 MAX parts Spirit AeroSystems said on Thursday it would gradually restart production of parts for Boeing Co's 737 MAX jets and deliver 216 shipsets in 2020. Jan 30 (Reuters) - Spirit AeroSystems said on Thursday it would gradually restart production of parts for Boeing ...
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Rents in the DC area rise again Nationwide, rents rose 1.4 percent year-over-year in December 2019, according to ApartmentList.com, an apartment search site. In the District, rents rose at a slightly higher pace of 1.6 percent during that same time. Currently, median rents in the District are ...
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Euro zone business starts year upbeat, coronavirus may sour mood By Francesco Guarascio. BRUSSELS, Jan 30 (Reuters) - Euro zone economic sentiment jumped as confidence among manufacturers rose while unemployment was at its lowest level in more than a decade, data showed on Thursday, but the mood may ...
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Florida bank Professional Holding Corp sets terms for $62 million IPO Professional Holding Corp, a Florida bank with nine locations across the Miami-Dade MSA, announced terms for its IPO on Thursday. The Coral Gables, FL-based company plans to raise $62 million by offering 3.1 million shares at a price range of $19 to $21.
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Nordea names Virgin Money's Ian Smith as new CFO (Reuters) - Nordea (NDAFI.HE) has hired Virgin Money UK's (VMUK.L) Ian Smith as finance chief to help its new CEO Frank Vang-Jensen turn around flagging profits at one of the Nordic region's biggest banks. FILE PHOTO: Nordea bank sign is seen in ...
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UPDATE 1-S.Africa's struggling carrier SAA to cut flights to ease cash flow (Adds background). JOHANNESBURG, Jan 30 (Reuters) - Cash-strapped state carrier South African Airways (SAA) said on Thursday it would "cancel and consolidate selected flights" to lower costs, days after it received a 3.5 billion rand ($244 million) ...
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BT Disappoints on Revenues, Huawei Cap to Cost It 500 Million Pounds LONDON — BT retained its full-year outlook after a dip in third quarter revenues and said Britain's decision to limit Huawei's role in building 5G and fibre networks would increase the cost of its gigabit-communications plan by about 500 million pounds ($657 ...
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EU lawmakers, with eye on Apple, call for common mobile charger By Philip Blenkinsop BRUSSELS, Jan 30 (Reuters) - EU lawmakers overwhelmingly called on Thursday for rules to establish a common charger for all mobile device makers across Europe, a drive that iPhone maker Apple has criticised. Members of the ...
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CalTech wins $1.1 billion jury verdict in patent case against Apple, Broadcom The California Institute of Technology said on Wednesday that it won a $1.1 billion jury verdict in a patent case against Apple and Broadcom. In a case filed in federal court in Los Angeles in 2016, the Pasadena, California-based research university alleged ...
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Peebles stores in Upstate New York switching to Gordmans off-price brand Thirteen Peebles stores across New York are converting to Gordmans locations. The stores include a number of locations in Upstate New York. They're all planning grand opening celebrations for Feb. 18. The conversions are part of a move by Peebles' ...
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UPS Inks Electric Van Deal With Arrival, to Test Waymo Automation LOS ANGELES — United Parcel Service Inc said on Wednesday it was ordering 10,000 electric delivery trucks from UK-based Arrival Ltd and teaming with self-driving startup Waymo as package carriers work to cut costs and tailpipe pollution. The UPS/Arrival ...
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McDonald's Becomes a $100 Billion Company In the past three years, McDonald's forked up roughly $7 billion on growth initiatives. And the investment helped fast food's top earner finish the decade with its best sales performance in more than 10 years. McDonald's said Wednesday its fourth-quarter ...
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Verizon stock falls after mixed earnings Verizon Communications Inc. VZ, -1.93% shares were off about 0.3% in premarket trading Thursday after the company reported mixed financial results for the fourth quarter. The company recorded net income of of $5.22 billion, or $1.23 a share, up from $2.07 ...
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Beer Calendar: Stout Month, Collab Fest Tickets, and Tons of Tappings Tickets go on sale at 10 a.m. Thursday, January 30, for the seventh annual Collaboration Fest, which will take place Saturday, April 4, from 3 to 6 p.m. at the Fillmore Auditorium. Hosted by the Colorado Brewers Guild, the Collab Fest features more than 100 ...
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Turkish lira steady as cenbank set to reaffirm inflation optimism ISTANBUL, Jan 30 (Reuters) - Turkey's lira was little changed on Thursday and remained close to a three-week low against the dollar ahead of a quarterly report in which the central bank is expected to reaffirm its view that inflation will gradually slide this year.
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Unilever FY19 Profit Declines; Underlying Sales Growth At 2.9% (RTTNews) - Unilever plc (UN, ULVR.L, UL) reported profit before tax of 8.29 billion euros for full year 2019 compared to 12.36 billion euros, previous year. Earnings per share was 2.14 euros compared to 3.48 euros. Underlying earnings per share was 2.55 ...
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Toyota's 2019 global vehicle sales trail Volkswagen's TOKYO (AP) — German automaker Volkswagen has kept its lead as the world's largest automaker after Japanese rival Toyota announced it sold fewer vehicles last year. Toyota Motor Corp. said Thursday it sold 10.74 million vehicles around the world in 2019 ...
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KFC's Surprising New Beyond Fried Chicken Is Going to Change the Future of Fast Food Forever Yesterday, fast-food giant KFC revealed that is is going to expand the test of its Beyond Fried Chicken plant-based "chicken"--produced in a partnership with Beyond Meat--to more than 70 restaurants in Charlotte, Nashville, and surrounding areas from ...
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Will the Davos 2020 manifesto succeed where its predecessor failed? The 50th meeting of the World Economic Forum (WEF) — aka Davos 2020 — is history. Some 3,000, invitation-only business, political and civil society leaders finished a week of panels, media events, wine tasting and deal making, reinforcing once again ...
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Oil and gas industry contracts, production still increases in Texas during 2019 According to the Texas Alliance of Energy Producers (TAEP) Texas Petro Index (TPI), 2019 was a year of contraction in the Texas upstream oil and gas economy. This is the key finding enunciated by TAEP Executive Vice President and Economist Karr ...
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UPDATE 1-Fuller Smith & Turner records higher Christmas and New Year sales (Adds details on beer unit sale, background). Jan 30 (Reuters) - Fuller Smith & Turner Plc on Thursday reported higher sales at its pubs and hotels during the Christmas and New Year period, in its first festive season after the sale of its beer business to ...
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Samsung Electronics says Q4 profit slumped 34%, flags gradual chip recovery By Hyunjoo Jin and Heekyong Yang. SEOUL, Jan 30 (Reuters) - Samsung Electronics Co Ltd 005930.KS said on Thursday it expects earnings to bounce back in 2020 after a fourth-quarter slump, helped by a gradual recovery in memory chip demand from ...
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Two area papers bought by Lee Enterprises Two local papers are being bought by Lee Enterprises. Lee Enterprises purchased 30 publications from the Berkshire Hathaway Media Group for $140 million. Berkshire Hathaway Media Group was owned by billionaire Warren Buffet. Buffett is a lifelong fan ...
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Sportsbook, App, And Casino All Next For Barstool Sports In many ways, Penn National Gaming's acquisition of a minority stake in Barstool Sports was born out of the U.S. Supreme Court declaring the Professional and Amateur Sports Protection Act unconstitutional in May 2018. Started in 2003 by Dave Portnoy as a ...
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US banks' hiring season begins next week Goldman Sachs and Morgan Stanley will become the first banks to actually pay bonuses tomorrow in what is widely seen as a flat year for U.S. pay. Once bonuses are banked, the 2020 recruitment season will begin. It's not just Goldman Sachs. Citi, BAML and ...
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Royal Caribbean cancels 3 cruises on China-based ship amid coronavirus outbreak Royal Caribbean Cruises Ltd said on Wednesday its 2020 earnings would be hurt after it canceled three trips of its China-based cruise liner following discussions with health authorities over the coronavirus outbreak. READ MORE: Concerns rise over ...
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Nando's has changed up the PERi-ometer and added a new spice flavour Who doesn't love a cheeky Nando's? Whether you're a fan of the wing roulette, always order a half chicken or you prefer your bird in a delicious wrap, there's something for everyone – even if you're not keen on spicing things up with extra hot. And they've ...
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US brings online over 9 GW of wind in 2019 January 30 (Renewables Now) - The US commissioned more than 9 GW of new wind power generation capacity in 2019, making it the third strongest year in terms of capacity additions ever. This was announced on Wednesday by the American Wind Energy ...
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Southwest flew 17M people on jets without confirmed maintenance records: report Southwest Airlines flew more than 17 million people on aircrafts with unconfirmed maintenance records over a two-year period, the Wall Street Journal reported, citing a U.S. Department of Transportation draft report. The audit by the Federal Aviation ...
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St James's Place beats the poll and perks jitters to bolster inflows The UK's largest wealth manager St James's Place managed to weather the 2019 general election storm and questions over staff incentive schemes to deliver higher fund inflows on Thursday. The FTSE 100 giant's army of advisers brought in £2.4 billion ...
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