Breaking business news: Dow hits 26,000 for first time

Click to View in Browser Tuesday, January 16, 2018 Dow hits 26,000 for first time (Reuters) - The Dow Jones Industrial Average touched the 26,000-mark for the first time on Tuesday and other Wall Street indexes climbed as strong earnings from UnitedHealth and Citigroup helped lift the sentiment. Citi profit tops estimates; books $22 billion tax charge (Reuters) - Citigroup Inc on Tuesday reported quarterly profit that topped Wall Street expectations as growth in its global consumer banking business, led by solid gains in Asia and Latin America, made up for lower trading revenue. Shares stay on record run as metals skid LONDON (Reuters) - Asia and Europe's big bourses kept world shares on their record-breaking run on Tuesday, although a steadier dollar halted the sizzling start to the year for the euro, yen and yuan and sent metals markets skidding. Exclusive: Saudi Aramco snubs UBS and Bank of America for listing roles - sources LONDON (Reuters) - Saudi Aramco has not invited UBS and Bank of America Merrill Lynch to pitch for senior advisory roles in its stock market listing because they have not lent money to the state oil giant in recent years, according to five finance sources. Exclusive: U.S. lawmakers urge AT&T to cut commercial ties with Huawei - sources WASHINGTON (Reuters) - U.S. lawmakers are urging AT&T Inc, the No. 2 wireless carrier, to cut commercial ties to Chinese phone maker Huawei Technologies Co Ltd and oppose plans by telecom operator China Mobile Ltd to enter the U.S. market because of national security concerns, two congressional aides said. Suppliers and staff count the cost of UK Carillion's collapse LONDON/EDINBURGH (Reuters) - The collapse of British services group Carillion started to hurt thousands of small contractors on Tuesday, with some laying off workers after the rapid demise of a company that was winning state contracts as recently as November. Some 10,000 Daimler employees strike in push for higher wages BERLIN (Reuters) - Some 10,000 workers at German carmaker Daimler AG walked off their shifts for an hour on Tuesday as they sought to persuade employers to give engineering workers around Germany more pay and a shorter working week. GM sees flat 2018 earnings, with pickups picking up in 2019 DETROIT (Reuters) - General Motors Co shares rose on Tuesday after the company said 2018 earnings will be largely flat compared with 2017 and forecast higher profits in 2019 when its revamped line of high-margin pickup trucks hits the U.S. market. Maersk, IBM to launch blockchain-based platform for global trade COPENHAGEN (Reuters) - The world's largest container shipping firm A.P. Moller-Maersk is teaming up with IBM to create an industry-wide trading platform it says can speed up trade and save billions of dollars. GE to take $6.2 billion charge in its finance arm (Reuters) - General Electric Co will record an after-tax charge of $6.2 billion in its fourth quarter results as part of an ongoing review of its finance arm's insurance portfolio, the company said. Related Video Equity rally has two more years, says Talley Leger Exclusive: Lawmakers step in to block AT&T-Huawei collaboration Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2018 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook