IBM beats revenue estimates hints at sales growth IBM beats revenue estimates hints at sales growth: Shares of the Dow component rose nearly 5.1 percent to $153.93 in extended trading on Tuesday. IBM has been focusing on cloud, cybersecurity and data analytics, or what the company calls its “strategic imperatives”, […]
USA Business and Regional News
Major Sears investor Berkowitz departs board Major Sears investor Berkowitz departs board: The decision by Berkowitz, the head of investor fund Fairholme Capital Management, was not the result of a disagreement over operations, policy or practices, Sears said in a statement. A fund managed by Fairholme Capital Management disposed of […]
NAFTA trade ministers to square off over hard-line U.S. demands NAFTA trade ministers to square off over hard-line U.S. demands: The proposals to drastically reshape the North American Free Trade Agreement to help shrink U.S. trade deficits have cast a pall over the modernization talks, leaving some participants and analysts […]
As the quartet breaks up central banking leadership flux looms As the quartet breaks up central banking leadership flux looms: The leaders of the world’s top central banks who risked trillions of dollars and their reputations to rescue the global economy are now set to walk off stage at a […]
China’s PBOC chief sees 7 percent GDP growth in second half stronger than economist forecasts China’s PBOC chief sees 7 percent GDP growth in second half stronger than economist forecasts: China’s economy is expected to grow 7 percent in the second half of this year, the central bank governor said, […]
Oil jumps on fears of new Iran sanctions Iraq conflict Oil jumps on fears of new Iran sanctions Iraq conflict: Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq, while an explosion at a U.S. oil rig and reduced […]
Delta refuses to pay tariffs on Bombardier CSeries jets Delta refuses to pay tariffs on Bombardier CSeries jets: Delta Air Lines Inc on Wednesday said it would refuse to pay a 300 percent U.S. tariff on Canadian-built Bombardier CSeries jets, raising doubts about its purchase of 75 of the new […]
Fed divide on inflation intensified at September policy meeting Fed divide on inflation intensified at September policy meeting: Federal Reserve policymakers had a prolonged debate about the prospects of a pickup in inflation and slowing the path of future interest rate rises if it did not, according to the minutes […]
Wal-Mart sees 40 percent online sales growth next year Wal-Mart Stores Inc (WMT.N) on Tuesday forecast a 40 percent rise in U.S. online sales next year as it ramps up competition with Amazon.com Inc (AMZN.O), boosting shares of world’s biggest brick-and-mortar retailer to the highest in more than two years. […]
Storms impact U.S. job market trade expected to bolster economy Storms impact U.S. job market trade expected to bolster economy: The number of Americans filing for unemployment benefits fell more than expected last week, but the continued impact of Hurricanes Harvey and Irma on the data made it difficult to […]
