Business

Deutsche Bank CEO says new rules crimp ability to provide loans

Deutsche Bank CEO says new rules crimp ability to provide loans

German corporations wish to diversify their funding because the implementation of new financial institution safety rules makes it tougher for banks to offer loans, Deutsche Financial institution co-Chief Govt Juergen Fitschen informed Germany’s Boersen Zeitung. “Corporations want to prepare for better uncertainty in the case of the provision of bank […]

 
 

Twitter IPO sparks speculation on who could follow

Twitter IPO sparks speculation on who could follow

With the aid of Sarah McBride, Alexei Oreskovic and Gerry Shih SAN FRANCISCO (Reuters) – For know-how executives weighing market flotations for Silicon Valley startups, this week’s gangbusters Twitter Inc initial public offering despatched an impressive signal: full velocity in advance. Now, many – together with Box, Sq. and Airbnb […]

 
 

Analysis: Twitter gives NYSE momentum in IPO battle versus Nasdaq

Analysis: Twitter gives NYSE momentum in IPO battle versus Nasdaq

By means of John McCrank NEW YORK (Reuters) – Twitter Inc’s successful debut on the New York Stock ExChange may assist the Giant Board win a title it has by no means held ahead of: the No.1 U.S. record venue for technology companies. Nasdaq OMX Team had easily scored the […]

 
 

Exclusive: Bank of America moves its $19 billion 401(k) plan in-house

Exclusive: Bank of America moves its $19 billion 401(k) plan in-house

is moving its $19 billion 401(okay) plan to its own Bank of The usa Merrill Lynch institutional retirement platform early in 2015, six years after the bank sold Merrill Lynch. Financial institution of The united states's 401(ok) plan, which serves more than 300,000 individuals, is presently managed by means of […]

 
 

Twitter shares soar in frenzied NYSE debut

Twitter shares soar in frenzied NYSE debut

Through Olivia Oran and Gerry Shih NEW YORK/SAN FRANCISCO (Reuters) – Twitter Inc shares rose 73 % in a frenzied buying and selling debut that drove the seven-yr-previous company’s price to $25 billion and evoked the heady days of the dot-com bubble. The inventory closed its first trading day at […]

 
 

Disney profit rises on theme parks, toy sales

Disney profit rises on theme parks, toy sales

LOS ANGELES (Reuters) – Walt Disney Co stated larger profit for the quarter that resulted in September, lifted by using elevated spending from summer time visitors at its U.S. theme parks and a upward push in sales of toys and other consumer products. The media company posted diluted income per […]

 
 

Twitter boosts IPO range amid strong investor demand

Twitter boosts IPO range amid strong investor demand

With the aid of Olivia Oran and Gerry Shih NEW YORK/SAN FRANCISCO (Reuters) – Twitter Inc raised the highest finish of its IPO value range through 25 percent and will shut its books a day early, signaling sturdy demand for the most closely watched Silicon Valley debut since Fb Inc […]

 
 

Wall Street edges up in choppy trade; BlackBerry slumps

Wall Street edges up in choppy trade; BlackBerry slumps

By way of Angela Moon NEW YORK (Reuters) – U.S. shares ended larger on Monday in gentle buying and selling volume as traders had been reluctant to make big bets with S&P 500 index just under the all-time closing high. Investors have been also waiting for the all-important non-farm payrolls […]

 
 

BlackBerry calls off sale, spurring doubts and stock plunge

BlackBerry calls off sale, spurring doubts and stock plunge

Through Euan Rocha and Allison Martell TORONTO (Reuters) – BlackBerry Ltd abandoned on Monday its plan to promote itself and said its CEO is stepping down, sparking a sixteen % dive in its share worth and elevating fears the struggling smartphone maker is working out of choices. After a two-month […]

 
 

GM posts strong profit on U.S. demand, smaller loss in Europe

GM posts strong profit on U.S. demand, smaller loss in Europe

on Wednesday posted a better-than-expected quarterly revenue on robust results in its core North American market and a smaller-than-predicted loss in Europe. Net income as a result of in style shareholders fell to $757 million, or 45 cents a share within the 1/3 quarter, when put next with $1.48 billion, […]

 
 

Fed to maintain aggressive policy stimulus amid soft data

Fed to maintain aggressive policy stimulus amid soft data

Via Alister Bull WASHINGTON (Reuters) – The Federal Reserve is anticipated to take care of its huge bond-shopping for marketing campaign when it concludes a two-day meeting on Wednesday and may just point to softer readings on the U.S. economy to signal that the policy will probably be extended into […]

 
 

China official PMI seen hitting 18-month high in October

China official PMI seen hitting 18-month high in October

With the aid of Natalie Thomas BEIJING (Reuters) – China's manufacturing task in October probably grew at its quickest rate for the reason that April 2012, a Reuters ballot showed, adding to signs of a stabilization on this planet's No.2 economic system as the government readies a collection of key […]

 
 

Stock futures edge higher, Apple to highlight earnings

Stock futures edge higher, Apple to highlight earnings

Through Ryan Vlastelica NEW YORK (Reuters) – U.S. stock index futures edged greater on Monday, indicating that the rally that took major indexes to record highs would continue with the most recent revenue, including Apple's much-anticipated results. The largest U.S. company via market cap, Apple Inc will record after the […]

 
 

Merck third-quarter profit beats estimate, but Januvia sales slump

(Reuters) – Merck & Co Inc reported higher-than-expected 1/3-quarter cash, helped via cost reducing, but sales of its Januvia diabetes therapy fell, elevating extra concerns about growth possibilities for the corporate’s greatest product. The corporate mentioned on Monday it earned $1.12 billion, or 38 cents per share, within the third […]

 
 

EU seeks feedback from rivals over Google antitrust offer

EU seeks feedback from rivals over Google antitrust offer

By Foo Yun Chee BRUSSELS (Reuters) – EU regulators will seek remarks from Google’s rivals and other third parties on Monday ahead of deciding whether to accept the Web search large’s offer to settle a 3-12 months antitrust investigation and stave off a that you can imagine fine. In July, […]