Central European government bond yields rose on Wednesday due to a shake-up of positions after Britis
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Bank of America Corp’s quarterly profit topped analyst estimates on Wednesday as a growing loan book helped it ride out year-end market turbulence, sending the lender's shares up more then 5 percent.
Logum, the company operating Brazil's sole ethanol pipeline, is looking to expand the system into central Brazil to reach more plants and possibly the nascent corn-based ethanol industry, which is expected to grow.
BlackRock Inc, the world's largest fund manager, reported a smaller-than-expected quarterly profit on Wednesday due to financial market turmoil, but investors celebrated the company's strong sales of relatively low-fee funds.
* Indexes up: Dow 0.57 pct, S&P 0.44 pct, Nasdaq 0.67 pct (Updates to open)
Canada's main stock index rose on Wednesday, helped by gains in bank shares on a day which saw strong quarterly earnings from big U.S. lenders.
Kenyan security forces have killed the militants who stormed an upscale Nairobi hotel compound, taking at least 14 lives and forcing hundreds of others into terrifying escapes, the government said on Wednesday.
SQN Investors LP said on Wednesday Yelp Inc's shares could surge anywhere between $55 and $65, about 50-80 percent higher than its current price, if it implements the hedge fund's recommendations to check its "underperformance".
Goldman Sachs Chief Executive Officer David Solomon on Wednesday apologised to the Malaysian people for former banker Tim Leissner's role in the sovereign wealth fund 1MDB scandal, but said the bank had conducted due diligence before every transaction.
Sterling Jewelers Inc, whose brands include Kay Jewelers and Jared, agreed to pay $11 million in fines to settle charges by U.S. and New York regulators that it signed up consumers for store credit cards and credit insurance without permission.
Britain's biggest carmaker Jaguar Land Rover (JLR) urged lawmakers to rule out the possibility that the country leaves the European Union without a deal, to prevent companies from having to make costly contingency planning.
Brazilian stocks fell on Wednesday as bank losses weighed on the Bovespa index despite robust gains from the retail and materials sector, while currencies in Latin America weakened against the U.S. dollar. Sao Paulo's benchmark index fell 0.2 percent, further retreating from record-high levels as financial stocks sagged after the biggest U.S. banks blamed a bond market slump towards the end of 2018 for lower fixed-income revenues. Itau Uniba
Ford Motor Co forecast a weaker-than-expected fourth quarter profit, and said on Wednesday tariffs could erode 2019 earnings by about $700 million, sending its shares down 2 percent in early trading.
Bank of New York Mellon Corp beat Wall Street estimates for fourth-quarter profit on Wednesday, as it earned more in fees from servicing assets that clients keep with the bank and kept a tight lid on expenses.
Canada's main stock index rose slightly at open on Wednesday, boosted by bank shares, in a day which saw strong earnings from big U.S. lenders.
U.S. stocks opened higher on Wednesday, boosted by financial stocks after strong earnings from Goldman Sachs and Bank of America.
Furious companies facing weeks more uncertainty over an ever closer Brexit lashed out at politicians on Wednesday, and warned of chaos at ports and catastrophic job losses if Britain failed to secure a withdrawal deal with the European Union.
* Follows protests over fuel price hike as economy tanks (Adds detail, MP in hiding, injured men)
Goldman Sachs topped analysts' revenue estimates on Wednesday as strength in its equities desk and M&A advisory cushioned losses from bond trading, making it the only Wall Street bank so far to show growth in fourth-quarter trading revenue.
The U.S. Consumer Financial Protection Bureau and New York's attorney general on Wednesday sued Sterling Jewelers Inc, accusing the unit of Signet Jewelers Ltd of improper credit financing practices.
The Federal Reserve is likely to hold its interest rate hikes on pause for the start of 2019 in order to stabilize markets, given economic growth is set to slow and financial conditions having...
My preteen daughter earned her first dollars in 2018, so I wanted to seed her retirement account. But what can you do with $100 or so?
Jana Partners LLC, founded by Barry Rosenstein, is shutting down two stock-picking hedge funds following losses and will focus instead on its main strategy of investing in a handful of companies and...
Hedge fund Cruiser Capital said it plans to press on with its proxy fight at Ashland Global Holdings even after the specialty chemicals business struck a deal to refresh its board with another large...
While growing up in Seattle, Enrique Rico's mom cleaned the posh homes of Microsoft employees. When Rico tagged along on sick days from school, he dreamed of having the life of a technology worker.
Investors' concerns about company leverage hit a ten-year high as they continued to position against the risk of a global trade war, Tuesday's Bank of America Merrill Lynch's January fund manager...
Proxy advisory firm Institutional Shareholder Services is recommending that shareholders elect two dissident nominees at Luby's Inc after the current board oversaw "alarming underperformance" at the...
(The writer is a Reuters contributor. The opinions expressed are his own.)
Citigroup Inc will give ValueAct Capital more access to its books and board of directors, signaling that the bank and the activist hedge fund are deepening their relationship roughly a year after...
Multibillion-dollar U.S. hedge fund investor Schonfeld Strategic Advisors opened an office in London and hired two portfolio managers as the firm seeks to make more investments outside of the United...
(The opinions expressed here are those of the author, a columnist for Reuters.)
At the Springdale Ice Cream and Beverage factory in Cincinnati, workers were coming to the human resources department with money troubles, wanting cash advances on their pay.
Global investors plowed money back into stocks and bonds this week as they regained their appetite for risk, boosted by dovish comments from Federal Reserve Chairman Jerome Powell.
Investment bank Perella Weinberg Partners plans to name Peter Weinberg as its chief executive officer with current CEO Robert Steel set to become the company's chairman, a person familiar with the...
Prominent investor Jeffrey Vinik is ready to manage money for outside clients again and plans to relaunch his hedge fund firm Vinik Asset Management after sitting out the last six years.
Investment firm Tiger Global Management, which oversees $23 billion in assets, told investors its hedge fund gained 13.6 percent last year.
How U.S. schools calculate financial aid is so confusing that there is an entire industry devoted to unlocking its secrets with books, consultants and websites.
How bad was 2018 for investors? They pulled a record amount of money from stock and bond funds late in 2018 and tucked it into safe havens such as CDs, money market funds or U.S. Treasuries that...
Recession models are suggesting a higher probability of a U.S. recession over the next 12 months and "flashing orange," said Joachim Fels, managing director and global economic advisor at bond giant...
Saba Capital's Tail Hedge Master Fund, which promises a sort of doomsday insurance through bets that perform well when markets spiral, ended 2018 with a 25 percent gain, a person familiar with the...