Global News Network: January 2018

Wednesday, 31 January 2018

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Thermo Fisher 4Q Profit Drops on Tax Charge

Thermo Fisher Scientific Inc. (TMO) on Wednesday said net income in the fourth quarter fell 16% due to a one-time provision related the U.S. tax-law changes. " Thermo Fisher 4Q Profit Drops on Tax Charge" via FOX BIZ http://ift.tt/2E0GoaX

HSBC Names Charlie Nunn as CEO of Retail Banking

HSBC Holdings PLC (HSBA.LN) said on Wednesday that it has appointed Charlie Nunn as its chief executive of retail banking and wealth management, effective immediately." HSBC Names Charlie Nunn as CEO of Retail Banking" via FOX BIZ http://ift.tt/2Fwimlz

Ericsson Cuts 10,000 Jobs Amid Costly Turnaround -- Update

Ericsson AB's turnaround effort further took its toll Wednesday, as the Swedish telecommunications-equipment giant said it cut 10,000 jobs in the fourth quarter and said two top executives would leave. " Ericsson Cuts 10,000 Jobs Amid Costly Turnaround -- Update" via FOX BIZ http://ift.tt/2no4UJM

Airbus A321LR Commences Flight-Test Program

Airbus SE (AIR.FR) said Wednesday that its A321LR plane took off on its maiden flight, commencing a program that will include transatlantic journeys. " Airbus A321LR Commences Flight-Test Program" via FOX BIZ http://ift.tt/2BFbGPF

ICICI Bank Last Quarter Net Profit Falls 32%

ICICI Bank reported a 32% decline in its last quarter net profit, hurt by higher provisions for bad loans. " ICICI Bank Last Quarter Net Profit Falls 32%" via FOX BIZ http://ift.tt/2BGJ34q

Oil Price Rally Stalls

Oil prices eased on Wednesday, with the recent rally on increased geopolitical risks and tightening supplies losing steam. " Oil Price Rally Stalls" via FOX BIZ http://ift.tt/2notoCx

Last Year's Nightmare, This Year's Boom: Markets Ignore Italy Risk

Last year, the coming Italian election in March was seen by some as having the potential to split apart the eurozone. " Last Year's Nightmare, This Year's Boom: Markets Ignore Italy Risk" via FOX BIZ http://ift.tt/2BGtiuz

Brazil's Unemployment Rate Declines in Fourth Quarter

Joblessness in Brazil declined in the fourth quarter amid a seasonal increase in hiring but remained nearly double the level of four years ago, reflecting a sluggish recovery from the worst recession in decades." Brazil's Unemployment Rate Declines in Fourth Quarter" via FOX BIZ http://ift.tt/2BFCXS0

Deutsche Bank AG 4Q 2017 -- Forecast

The following is a summary of analysts' forecasts for Deutsche Bank AG (DBK.X) fourth-quarter results (figures in million euros, EPS, dividend and target price in euro, according to IFRS). Earnings figures are scheduled to be released February 2. " Deutsche Bank AG 4Q 2017 -- Forecast" via FOX BIZ http://ift.tt/2nnuRcm

Energy Woes Take Toll on Siemens -- Update

German conglomerate Siemens AG said its quarterly profit plummeted at its core industrial division as a global switch to renewable energy continued to eat into its gas-and-oil business. " Energy Woes Take Toll on Siemens -- Update" via FOX BIZ http://ift.tt/2BFNjkM

Steinhoff Reports Former Chief Executive for Alleged Corruption -- Update

Steinhoff International Holdings NV (SNH.JO) has reported its former chief executive to South African police for allegedly breaking anti-corruption laws, the company's acting chairwoman, Heather Sonn, told South Africa's Parliament on Wednesday. " Steinhoff Reports Former Chief Executive for Alleged Corruption -- Update" via FOX BIZ http://ift.tt/2rUWPAR

German Government Raises Growth Forecast, Saying Economy Is in 'Very Good Shape'

Germany's economy will grow much stronger than previously expected thanks to a strong labor market and buoyant demand from abroad and at home, the government said Wednesday. " German Government Raises Growth Forecast, Saying Economy Is in 'Very Good Shape'" via FOX BIZ http://ift.tt/2Gze6Ty

Joseph P. Kennedy III Gives Democratic Response to State of the Union

By KATHARINE Q. SEELYE via NYT U.S. http://ift.tt/2rX6HKH The New York Times

Merc - commodity trading game --> Free

Merc - commodity trading game by Infinite Software dropped in price from $1.99 to Free. Download via AppZapp http://ift.tt/2fjzPAs

WebSSH Pro --> $2.99

WebSSH Pro by Arnaud MENGUS dropped in price from $4.99 to $2.99. Download via AppZapp http://ift.tt/2pgUZVe

Industrial Division Cuts Into Siemens 1Q

German industrial giant Siemens AG said declining profits at its industrial division weighed on the first quarter as the renewables energy revolution continued to eat into its traditional power-and-gas business." Industrial Division Cuts Into Siemens 1Q" via FOX BIZ http://ift.tt/2EuLA53

Fed Could Signal Changes to Outlook at Yellen's Final Meeting

Federal Reserve officials are likely to keep interest rates steady at their two-day policy meeting that concludes Wednesday, but they could provide clues on whether their 2018 outlook has changed amid a steadily expanding economy. " Fed Could Signal Changes to Outlook at Yellen's Final Meeting" via FOX BIZ http://ift.tt/2DMNCMp

Amazon, Thou Shalt Not Covet Thy Neighbor's Employee

Amazon.com Inc. plans to hire thousands of people in the area it picks as a second home from a shortlist of 20 locations. That's worrying other companies because it could become more difficult to attract talent if the behemoth moves into their backyard. " Amazon, Thou Shalt Not Covet Thy Neighbor's Employee" via FOX BIZ http://ift.tt/2EqCyWD

Rolls-Royce Appoints New Presidents of Civil Aerospace, Defense

Rolls-Royce Holdings PLC (RR.LN) said Wednesday that it has appointed Chris Cholerton as president of its civil-aerospace business and Tom Bell as president of its enlarged defense business. " Rolls-Royce Appoints New Presidents of Civil Aerospace, Defense" via FOX BIZ http://ift.tt/2DOrLo2

Majedie Asset Management Ltd Majedie Asset Management Ltd : Form 8.3 - Tesco Plc

(END) Dow Jones Newswires" Majedie Asset Management Ltd Majedie Asset Management Ltd : Form 8.3 - Tesco Plc" via FOX BIZ http://ift.tt/2DNYvh4

Dimensional Fund Advisors Ltd. Dimensional Fund Advisors Ltd. : Form 8.3 - Tesco Plc - Ordinary Shares

(END) Dow Jones Newswires" Dimensional Fund Advisors Ltd. Dimensional Fund Advisors Ltd. : Form 8.3 - Tesco Plc - Ordinary Shares" via FOX BIZ http://ift.tt/2EpSJmU

Stocks Rebound, on Pace for Monthly Gains

Global stocks and bonds mostly rebounded Wednesday after a selloff, keeping major indexes on track for solid monthly gains. " Stocks Rebound, on Pace for Monthly Gains" via FOX BIZ http://ift.tt/2DP69I1

ArcelorMittal Positive on 2018, Proposes Dividend -- Earnings Review

ArcelorMittal (MT.AE) reported its fourth-quarter results before the market opened on Wednesday." ArcelorMittal Positive on 2018, Proposes Dividend -- Earnings Review" via FOX BIZ http://ift.tt/2rTNzgv

Investec Bank plc Investec Bank Plc : Form 8.5 (EPT/RI) - Tesco Plc

(END) Dow Jones Newswires" Investec Bank plc Investec Bank Plc : Form 8.5 (EPT/RI) - Tesco Plc" via FOX BIZ http://ift.tt/2GAjq99

MARKET SNAPSHOT: Dow Set To Stabilize After Shedding 540 Points In 2 Days

Analyst: 'Equities seem to be appreciating the uneventful State of the Union address from President Trump last night' U.S. stock futures were rising modestly Wednesday, putting the Dow on track to recover somewhat from a two-day drop in which it shed 540 points, or 2%." MARKET SNAPSHOT: Dow Set To Stabilize After Shedding 540 Points In 2 Days" via FOX BIZ http://ift.tt/2rWMSTH

South Korean Officials Discover $600m Worth of Cryptocurrency Crimes

via NewsBTC http://ift.tt/2BFzGlC

China orders Muji to destroy catalog over 'problem map'

Japanese retailer Muji has been ordered by Chinese authorities to destroy a catalog with a map that Beijing complained mislabels Taiwan and omits disputed islands, joining a string of companies rebuked for commercial materials that fail to reflect China's territorial claims."China orders Muji to destroy catalog over 'problem map'" via FOX BIZ http://ift.tt/2rSFKYj

Eurozone inflation falls despite buoyant economy

The eurozone economy may be enjoying its best growth in a decade but there are few signs that's fueling inflation."Eurozone inflation falls despite buoyant economy" via FOX BIZ http://ift.tt/2DRKLGp

German jobless rate edges up in January on seasonal factors

Germany's unemployment rate climbed to 5.8 percent in January due to seasonal factors, but the underlying trend of the labor market in Europe's biggest economy remained positive."German jobless rate edges up in January on seasonal factors" via FOX BIZ http://ift.tt/2GyIg9i

Trump’s State of Union plugs massive $1.5T infrastructure overhaul

President Donald Trump called on congressional Democrats and Republicans to unite during Tuesday’s State of the Union address on one of his key agenda items for 2018: a $1.5 trillion infrastructure rebuild."Trump’s State of Union plugs massive $1.5T infrastructure overhaul" via FOX BIZ http://ift.tt/2DQrQHW

Trump’s State of Union tips hat to Apple, Exxon for billions in new US investments

Big business was a focal point for President Donald Trump during his first State of the Union address, where he commended a handful of U.S. companies for pledging billions in domestic investments throughout the coming years."Trump’s State of Union tips hat to Apple, Exxon for billions in new US investments " via FOX BIZ http://ift.tt/2nsLDGp

Trump pushes ‘safe, strong’ America with US military funds in limbo

The theme of President Donald Trump’s first State of the Union address is “a safe, strong and proud America,” at a time when U.S. military funding remains in limbo."Trump pushes ‘safe, strong’ America with US military funds in limbo" via FOX BIZ http://ift.tt/2DLQVrg

State of the Union: What to know about designated survivor Sonny Perdue

Secretary of Agriculture Sonny Perdue has been selected to be the designated survivor for President Trump’s first State of the Union address, a White House official said Tuesday evening."State of the Union: What to know about designated survivor Sonny Perdue" via FOX BIZ http://ift.tt/2DQcneM

Trump to tout tax reform in State of the Union as 3M workers get bonuses

One year into President Donald Trump’s tenure and millions of American workers have secured a tangible economic benefit, he is expected to say during his first State of the Union address on Tuesday."Trump to tout tax reform in State of the Union as 3M workers get bonuses" via FOX BIZ http://ift.tt/2Eo3MwS

Todd Ricketts to replace Steve Wynn as RNC finance chair: Reports

Ricketts is perhaps best known as a co-owner of Major League Baseball’s Chicago Cubs."Todd Ricketts to replace Steve Wynn as RNC finance chair: Reports" via FOX BIZ http://ift.tt/2BEKRef

Trump should release classified memo on surveillance abuses: Corey Lewandowski

Corey Lewandowski is urging President Donald Trump to release the classified memo that allegedly spotlights surveillance abuses under the Obama administration."Trump should release classified memo on surveillance abuses: Corey Lewandowski" via FOX BIZ http://ift.tt/2DMeZGE

Trump's State of the Union: A deep dive into the stats

A by-the-numbers look at President Donald Trump's first year in office reveals areas of both progress and peril."Trump's State of the Union: A deep dive into the stats" via FOX BIZ http://ift.tt/2DPApXs

Foreign intelligence surveillance memo is 'dynamite': Varney

FBN's Stuart Varney on the FISA memo."Foreign intelligence surveillance memo is 'dynamite': Varney" via FOX BIZ http://ift.tt/2DLqbDh

World markets can absorb some trade turbulence as Trump digs in

Booming global trade and economic growth have cushioned world markets against the political turbulence of Donald Trump's first year in the White House."World markets can absorb some trade turbulence as Trump digs in" via FOX BIZ http://ift.tt/2DLxzyG

H&M Q4 profit drops as industry is challenged

Swedish low-cost fashion brand Hennes & Mauritz AB says its fourth-quarter profit fell to 3.99 billion kronor ($506 million), down from 5.91 billion kronor."H&M Q4 profit drops as industry is challenged" via FOX BIZ http://ift.tt/2nnF8VM

South Africa Regulator Looking at Possible Steinhoff Insider Training -Reuters

South Africa's Financial Services Board is investigating two cases of possible insider trading and one case of false or misleading statements that relate to crisis-hit investment company Steinhoff, reports Reuters. " South Africa Regulator Looking at Possible Steinhoff Insider Training -Reuters" via FOX BIZ http://ift.tt/2npChem

German Jobless Claims Fall More Than Expected in January

Germany's jobs boom continued in January, as jobless claims fell by more than expected and the unemployment rate hit a new record low, a trend that has been bolstering private consumption in Europe's largest economy. " German Jobless Claims Fall More Than Expected in January" via FOX BIZ http://ift.tt/2DSO7sA

Wednesday, 31 January 2018

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