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Reuters: Business News

Wall Street jumps as tech roars back, yields retreat
(Reuters) - Facebook's 9.4 percent jump after blockbuster results and gains in chipmakers powered technology stocks on Thursday, with easing U.S. bond yields helping the sentiment on Wall Street.


POSTED APRIL 26, 2018 2:12 PM
Canada's WestJet CEO faces labor headwinds as pilots weigh strike
MONTREAL (Reuters) - WestJet Airlines new chief executive is facing his first major test as the Canadian carrier's pilots weigh strike action and larger rival Air Canada on Thursday offered to accommodate travelers if there is a disruption.


POSTED APRIL 26, 2018 1:13 PM
U.S. business spending on equipment cooling; labor market strong
WASHINGTON (Reuters) - New orders for key U.S.-made capital goods fell in March, weighed down by the biggest decline in demand for machinery in nearly two years, and a drop in shipments cemented expectations that business spending on equipment slowed in the first quarter.


POSTED APRIL 26, 2018 12:47 PM
ConocoPhillips profit tops estimates on rising oil prices, cost cuts
HOUSTON (Reuters) - ConocoPhillips , the world's largest independent oil and gas exploration and production company, posted a bigger-than-expected first-quarter profit on Thursday, helped by rising crude prices and cost cuts.


POSTED APRIL 26, 2018 1:32 PM
MetLife trims compensation for CEO, CFO in year marked by errors
(Reuters) - MetLife Inc reduced total 2017 compensation for its chief executive and chief financial officer, a year marked by two key errors, including payments it failed to make to pensioners whom it could not locate, according to a filing on Thursday.


POSTED APRIL 26, 2018 1:06 PM
Results soothe nerves over scandal-hit Facebook
(Reuters) - Shares of Facebook Inc rose as much as 8.5 percent on Thursday morning after another blockbuster set of quarterly results calmed stock investors' nerves about the fallout of the Cambridge Analytica privacy scandal.


POSTED APRIL 26, 2018 9:43 AM
Airbus heads for dogfight with UTC over CSeries costs
PARIS/MONTREAL (Reuters) - Airbus is preparing to cross swords with United Technologies over the price of components and services for the Bombardier CSeries in a bid to make it easier to market the jet it agreed to bail out last year, people close to the matter said.


POSTED APRIL 26, 2018 11:58 AM
Wall Street seeks rule changes to encourage IPOs, staying public
NEW YORK/WASHINGTON (Reuters) - Wall Street lobby groups urged U.S. policy makers and regulators to revamp rules to encourage more initial public offerings and to reduce the regulatory cost of staying public, in a white paper issued on Thursday.


POSTED APRIL 26, 2018 2:09 PM
Ex-HSBC executive sentenced to two years for foreign exchange scheme
NEW YORK (Reuters) - A former HSBC Holdings Plc executive was sentenced to two years in prison on Thursday after he was found guilty by a jury of defrauding Cairn Energy Plc in a $3.5 billion currency trade in 2011.


POSTED APRIL 26, 2018 2:10 PM
Deutsche Bank fired 300 U.S.-based investment bankers on Wednesday: source
FRANKFURT (Reuters) - Deutsche Bank fired 300 U.S.-based investment bankers on Wednesday as part of a broader overhaul of the global unit, a person with knowledge of the matter said on Thursday.


POSTED APRIL 26, 2018 12:46 PM

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