Business News

BRIEF-Presidio Announces Appointment Of Neil Johnston As CFO

Reuters Company News - 11 hours 51 min ago
* PRESIDIO, INC. ANNOUNCES APPOINTMENT OF NEIL JOHNSTON AS CHIEF FINANCIAL OFFICER
Categories: Business News

Citi reports $18.3 billion loss on tax law; adjusted profit rises 4 percent

Reuters Biz News - 11 hours 52 min ago
(Reuters) - Citigroup Inc on Tuesday posted an $18.3 billion quarterly net loss on one-time tax charges, but said adjusted income rose 4 percent from a year earlier as consumer businesses made up for lower revenue from bond and currency trading. The loss for the fourth quarter was due to a $19 billion write-down on the value of deferred tax assets left from losses in the financial crisis and $3 billion of expenses for the new U.S. tax on past profits earned and kept abroad.
Categories: Business News

Ericsson, Humbled by Huawei, Takes Another $1.8 Billion in Charges

WSJ Company News feed - 12 hours 2 min ago
Ericsson said it is writing down $1.77 billion in assets, the latest in a series of charges at the Swedish telecoms-equipment maker as it retools itself to better compete with nimbler Chinese manufacturers.
Categories: Business News

GE to Take Massive Charge to Shore Up Insurance Reserves

WSJ Company News feed - 12 hours 5 min ago
General Electric said it would book a $6.2 billion charge in its fourth quarter and will have to set aside $15 billion over seven years to bolster insurance reserves at its GE Capital unit, surprising investors with deeper than expected problems in a business many thought the company had left behind.
Categories: Business News

You're Stuck With Batteries---But New Tech Will Make Them Last Longer

WSJ Company News feed - 12 hours 7 min ago
While batteries seem to be moving at a slower clip than other tech development, products and concepts on display at the annual CES trade show address some of our biggest power problems.
Categories: Business News

The Astrophysicist Who Wants to Help Solve Baltimore's Urban Blight

Wired RSS Feed - 12 hours 7 min ago
Vacant buildings are more than just an economic threat. They're also a public safety concern. And it turns out they have their own sort of gravitational pull.
Categories: Business News

Citigroup earnings top expectations, excluding $19 billion charge for tax law changes

CNBC Earnings - 12 hours 7 min ago
Citigroup reported quarterly earnings on Tuesday that beat expectations.
Categories: Business News

Citigroup earnings top expectations, excluding $19 billion charge for tax law changes

CNBC Business News - 12 hours 7 min ago
Citigroup reported quarterly earnings on Tuesday that beat expectations.
Categories: Business News

Under Trump, the Business World Notches a Net Success

WSJ Company News feed - 12 hours 15 min ago
The tax overhaul that President Trump signed into law last month capped a year in which his initiatives on taxes, regulation—and many of his public pronouncements on the economy—have been broadly welcomed by business, even though his relationship with CEOs has sometimes stumbled.
Categories: Business News

Dow on track to top 26,000 at open

Reuters Biz News - 12 hours 27 min ago
(Reuters) - Futures on the Dow Jones Industrial Average surged more than 200 points on Tuesday, indicating that the blue-chip index could open above 26,000 for the first time, supported by strong earnings from UnitedHealth.
Categories: Business News

Google Heads Underwater to Boost Its Cloud Business

WSJ Company News feed - 12 hours 38 min ago
Google is expanding its sprawling network of undersea cables to plug into new regions around the world, in a bid to speed up its cloud-computing business and catch up to rivals Microsoft Corp. and Amazon.com Inc.
Categories: Business News

GE to take $6.2 billion charge in its finance arm

Reuters Biz News - 12 hours 46 min ago
(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.
Categories: Business News

UnitedHealth Profit Rises as Both Healthcare, Optum Businesses Grow

WSJ Company News feed - 12 hours 47 min ago
UnitedHealth’s quarterly profit beat analysts’ expectations and the health insurer raised its yearly outlook, as revenue from both its health care and health care services businesses increased.
Categories: Business News

French carmaker PSA's sales lifted by growth in Iran and Latin America

Reuters Biz News - 12 hours 49 min ago
PARIS (Reuters) - French carmaker PSA's global sales jumped by 15 percent last year as strong growth in Iran and Latin America helped to offset difficulties in Britain and China.
Categories: Business News

Maersk, IBM to launch blockchain-based platform for global trade

Reuters Biz News - 12 hours 51 min ago
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.
Categories: Business News

Ex-Uber Engineer Accused of Spying on Tesla, Stealing Trade Secrets

Wired RSS Feed - 13 hours 7 min ago
A lawsuit from a former nanny brings new allegations against Anthony Levandowski, the engineer at the heart of the Uber/Waymo dispute.
Categories: Business News

Job Alert: How Would You Like to Babysit Robots?

Wired RSS Feed - 13 hours 7 min ago
For all their advances, robots still struggle with the human world. They get stuck. They get assaulted. But not to worry: Help is just a call center away.
Categories: Business News

U.S. Stocks Too Expensive? Try Japan

WSJ Market News - 13 hours 20 min ago
Global equity markets look expensive and asset prices bloated, but Japan’s stock market still looks like it has room to run.
Categories: Business News

GE to take $6.2 billion charge related to its legacy reinsurance businesses; stock falls 3.8%

CNBC Earnings - 13 hours 28 min ago
GE said on Tuesday it would record an after-tax charge of $6.2 billion for the fourth quarter related to its finance arm's run-off insurance portfolio.
Categories: Business News

GE to take $6.2 billion charge related to its legacy reinsurance businesses; stock falls 3.8%

CNBC Business News - 13 hours 28 min ago
GE said on Tuesday it would record an after-tax charge of $6.2 billion for the fourth quarter related to its finance arm's run-off insurance portfolio.
Categories: Business News

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