Express reports 2Q loss
The Columbus, Ohio-based company said it had a loss of 15 cents per share. Earnings, adjusted for restructuring costs, were 1 cent per share. The results beat Wall Street expectations. The average estimate ...
Sorrell Says the U.S. Economy Is Still the Bellwether
Aug.23 -- Martin Sorrell, founder and chief executive officer at WPP, discusses President Trump's agenda and the outlook for the company in the U.S. He speaks with Bloomberg's Mark Barton on "Bloomberg Markets."
Trump's comments roil capital markets, oil rises
NEW YORK (Reuters) - Stocks on Wall Street fell, the dollar sagged and rates on Treasury debt slipped on Wednesday after U.S. President Donald Trump's threat to shut down the government and nix a trade accord with Canada and Mexico raised investor angst.
German yield falls to eight-week low on U.S. debt ceiling worries
Germany's 10-year government bond yield fell to an eight-week low on Wednesday, following U.S. Treasury yields lower on concerns over the debt ceiling in the United States. The yield on Germany's 10-year bond, fell to 0.371 percent, down 3 basis points on the day. U.S. Treasury yields have been moving lower after U.S. President Donald Trump said late on Tuesday that he would be willing to risk a government shutdown to secure funding for a border wall, raising fears of a bruising budget battle.
RBC lifts profit, helped by wealth management strength
Royal Bank of Canada on Wednesday reported a rise in third-quarter profit, helped by double-digit growth at its wealth management business which offset a weaker showing in its capital markets unit. Earnings per share reached C$1.89 compared with an average analyst forecast of C$1.87, according to Thomson Reuters I/B/E/S data.
Toshiba prioritizes talks with Western Digital on chip business sale: sources
Japan's Toshiba Corp is prioritizing negotiations with Western Digital to sell its memory chip business after talks stalled with a previously preferred bidder, sources familiar with the matter said on Wednesday. The conglomerate is scrambling to sell its flash memory unit to cover losses from its bankrupt U.S. nuclear business Westinghouse. In June, it picked a consortium including Japanese government-backed funds, private equity firm Bain Capital and South Korean chip maker SK Hynix as the preferred bidder for the prized unit.
American Eagle tops Street 2Q forecasts
The Pittsburgh-based company said it had net income of 12 cents per share. Earnings, adjusted for restructuring costs and non-recurring costs, came to 19 cents per share. The results surpassed Wall Street ...