Thursday, 24 January 2019

Embraer signs papers for Boeing tie-up, calls shareholder meeting

Reuters.com Newsletter

Embraer signs papers for Boeing tie-up, calls shareholder meeting

Embraer SA has signed the "master transaction agreement" for a tie-up with Boeing Co and called a shareholder assembly for Feb. 26 to approve the partnership, the Brazilian planemaker said in a securities filing on Thursday.

Hedge fund prepares proxy fight to oust embattled PG&E's board

PG&E Corp shareholder BlueMountain Capital Management LLC said on Thursday it is preparing a challenge to the embattled utility owner's board, arguing its plan to file for bankruptcy in the wake of catastrophic wildfires in California is harming investors.

Google asks U.S. Supreme Court to end Oracle copyright case

Alphabet Inc's Google on Thursday asked the U.S. Supreme Court to reverse a ruling that resurrected a billion-dollar copyright case brought by Oracle Corp that dates to 2010.

Starbucks tops sales, earnings estimates as newer menus click

Starbucks Corp topped Wall Street forecasts for quarterly sales and earnings, as rejigged menus and heavy promotions helped attract customers to its cafes, driving its shares 4 percent higher on Thursday.

Stocks meander, bonds rise on ECB, U.S.-China trade talk

Stocks closed higher on Thursday after a choppy trading day, while U.S. Treasuries were in demand after the European Central Bank chief said economic growth was likely to be weaker than expected and with the United States was far from a China trade deal.

Intel forecasts first-quarter below estimates, shares fall

Intel Corp forecast current-quarter revenue and profit below analysts' estimates and missed on fourth-quarter revenue expectations on Thursday, as a slowdown in China hit demand for its data center chips.

Nasdaq boosted by chip rally, Dow, S&P 500 stall

The S&P 500 edged higher but the Dow closed nominally lower on Thursday as lingering anxieties about slowing global growth and unresolved trade disputes undercut a spate of strong earnings, while chipmakers rallied to give the Nasdaq a solid gain.

No-deal Brexit would cost Ford up to $1 billion

Ford Motor Co said on Thursday it faces a bill of up to $1 billion if Britain leaves the European Union without a deal, comprising World Trade Organization tariffs and the impact of a weaker pound.

U.S. government shutdown threatens rollout of new car models: automakers

The partial U.S. government shutdown is threatening to delay the roll-out of new vehicle models in the United States by stalling required certifications from the Environmental Protection Agency, automakers said.

'Under siege', oil industry mulls raising returns and PR game

When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics - climate change and pressure from investors.

J.P. Morgan pares U.S. first quarter GDP view to 1.75 percent

J.P. Morgan economists reduced their outlook for U.S. economic growth in the first quarter to 1.75 percent from 2.00 percent as the partial U.S. government shutdown has stretched to a second month for the longest one ever, they said on Thursday.

Related Videos

U.S. universities unplug from China's Huawei

Merkel, Abe preach cooperation to Davos crowd

Introducing the all-new
Reuters News app

The new Reuters News app is here, redesigned from the ground up to fit your busy life.

Get it now on iOS