No ready spark seen for lagging U.S. energy shares
NEW YORK (Reuters) – There may be little relief on the horizon for investors in U.S. energy companies, whose shares moved from darlings to dismal performers during Wall Street’s record…
Novartis’s older MS drug Gilenya wins Chinese approval
FILE PHOTO: Swiss drugmaker Novartis’ logo is seen at the company’s plant in the northern Swiss town of Stein, Switzerland October 23, 2017. REUTERS/Arnd Wiegmann/File Photo ZURICH (Reuters) – Novartis’s…
U.S. banks play cat-and-mouse game with Fed on capital returns
NEW YORK/WASHINGTON (Reuters) – An annual stress test of banks introduced by U.S. regulators after the 2007-09 financial crisis to prevent taxpayer bailouts has become a fight over how quickly…
Fiat Chrysler seeks Renault merger to meet auto challenges
MILAN/PARIS (Reuters) – Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday in a move to cope with the costs of far-reaching technological and regulatory changes…
Nissan retains Saikawa as CEO, in likely rebuff of Renault
TOKYO (Reuters) – Nissan Motor Co said on Friday that Hiroto Saikawa would stay on as chief executive, backing the protege of former boss Carlos Ghosn even as top shareholder…
Occidental investor set to vote against board due to Anadarko bid
HOUSTON (Reuters) – T. Rowe Price Group Inc said on Monday it intends to vote against the Occidental Petroleum Corp board of directors because the company will not allow shareholders…
EBay raises forecast as redesign draws customers, boosts ad revenue
(Reuters) – EBay Inc raised its full-year sales and profit forecasts on Tuesday, as user-friendly changes to its ecommerce platforms attracted more customers and also increased its advertising revenue. FILE…
Marriott to open 1,700 hotels, return $11 billion to shareholders by 2021
(Reuters) – Marriott International Inc said on Monday it plans to open more than 1,700 hotels and return up to $11 billion to shareholders by 2021 as part of its…
GE explores stake sale in Enel renewables joint venture: sources
(Reuters) – General Electric Co is exploring a sale of its 50 percent stake in a renewable energy joint venture with Italy’s Enel SpA, the latest deal GE CEO Lawrence…
GE’s CEO warns of negative industrial cash flow in 2019, shares drop
(Reuters) – General Electric Co’s chief executive surprised investors on Tuesday by forecasting a net cash outflow from its industrial businesses this year mainly due to its ailing power-plant unit,…