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23 Jan

American, Southwest say demand helping competitors while 737 MAX sits parked

American, Southwest Say Demand Helping Competitors While 737 MAX Sits Parked

. A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California By Tracy Rucinski and Allison Lampert Healthy travel demand is cushioning results for American Airlines Group Inc (O:AAL) and Southwest Airlines Co (N:LUV), the two said on Thursday, while warning they are losing custome

23 Jan

Netflix Jumps as Analysts See 'No End' to Cord Cutting

Netflix Jumps As Analysts See 'No End' To Cord Cutting

. By Yasin Ebrahim – Netflix (NASDAQ:NFLX) surged on Thursday as one analyst suggested the streaming giant may be set to win big as Comcast's subscriber losses indicate cord cutting is far from over.Comcast (NASDAQ:CMCSA) reported a net loss of 133,000 residential video subscribers and warned that the pace of subscriber loss may continue, many of whom may likely

23 Jan

Wall Street pares losses on positive coronavirus news

Wall Street Pares Losses On Positive Coronavirus News

. Traders work on the floor at the NYSE in New York By Stephen Culp NEW YORK Wall Street struggled for direction on Thursday as investors digested mixed earnings and developing news about the coronavirus outbreak emanating from China. Healthcare and financial shares helped pull stocks into the red through much of the session. But news that Gilead Science

23 Jan

Regulator charges ex-Wells Fargo executives for role in sales scandal

Regulator Charges Ex-Wells Fargo Executives For Role In Sales Scandal

. Wells Fargo CEO Stumpf testifies before Senate Banking Committee hearing on firm's sales practices on Capitol Hill in Washington By Karen Freifeld and Chris Prentice WASHINGTON Wells Fargo & Co's (N:WFC) regulator on Thursday announced it had brought civil charges against eight former executives, including former Chief Executive Office

23 Jan

Beyond Meat Faces Impossible Blowback

Beyond Meat Faces Impossible Blowback

. By Kim Khan Beyond Meat (NASDAQ:BYND) fell Thursday, and while that’s not unusual for a stock that is the sole public bellwether for plant-based meat substitutes, there’s an interesting twist.Shares of Beyond Meat (NASDAQ:BYND) fell 2% in afternoon trading.There’s no denying that investors may want to take money off the table after recent run. The stock i

23 Jan

Stocks - S&P off Lows, but Weaker Earnings, Virus Jitters Bite

Stocks - S&P Off Lows, But Weaker Earnings, Virus Jitters Bite

. By Yasin – The S&P moved off session lows midday Thursday, but remained in the red following weaker earnings and a slump in energy stocks. The S&P 500 fell 0.21%. The Dow fell 0.3% and the Nasdaq Composite was down 0.1%.Energy stocks were pushed lower on a slump in oil prices as data showed a lower-than-expected draw in U.S. weekly crude supplies, whil

23 Jan

French investigators to move ahead with Ghosn prosecution over palace party

French Investigators To Move Ahead With Ghosn Prosecution Over Palace Party

. Former Nissan chairman Carlos Ghosn gestures during a news conference at the Lebanese Press Syndicate in Beirut By Simon Carraud and Elizabeth Pineau PARIS French prosecutors investigating a party that former Renault-Nissan boss Carlos Ghosn threw for his wife at the sumptuous Versailles palace will in the next few weeks ask judges to examin

23 Jan

S&P Global places Boeing's rating on credit watch negative

S&P Global Places Boeing's Rating On Credit Watch Negative

S&P Global Ratings on Thursday placed Boeing Co's (N:BA) 'A-' credit rating on 'credit watch' with negative implications, citing a rise in costs and cash outflows at the U.S. planemaker due to a further delay in the grounded 737 MAX's recertification.The ratings agency said its expects Boeing's funds from operations (FFO) to debt ratio to fall

23 Jan

Underperforming Euro auto shares reflect fear of new front in U.S. trade wars

Underperforming Euro Auto Shares Reflect Fear Of New Front In U.S. Trade Wars

By Danilo Masoni and Julien PonthusMILAN/LONDON Euphoric stock markets celebrated the China-U.S. trade truce by marking record highs but European auto shares continue to suffer, reflecting the stress the industry is under and fears U.S. President Donald Trump will target Europe next.There's no shortage of issues which could trigger a fresh trade r

23 Jan

Goldman Sachs to companies: Hire at least one woman director if you want to go public

Goldman Sachs To Companies: Hire At Least One Woman Director If You Want To Go Public

. The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the NYSE in New York By Elizabeth Dilts Marshall NEW YORK From June 30, Goldman Sachs Group Inc (N:GS) will only help take a company public if it has at least one diverse board member, as such companies perform better after listing, Chief Executive David

23 Jan

U.S. regulator plans enforcement actions against former Wells Fargo executives: source

U.S. Regulator Plans Enforcement Actions Against Former Wells Fargo Executives: Source

WASHINGTON One of Wells Fargo & Co's (N:WFC) top regulators plans to bring enforcement actions against as many as 10 former executives in relation to the bank's sales practices scandal as soon as Thursday, a person familiar with the matter told .The Office of the Comptroller of the Currency (OCC) actions may result in monetary penalti

23 Jan

Russia's Gazprom eyes Eurobond in Feb after Ukraine-related risks eliminated: Interfax

Russia's Gazprom Eyes Eurobond In Feb After Ukraine-related Risks Eliminated: Interfax

. Russia's Gazprom eyes Eurobond in Feb after Ukraine-related risks eliminated: Interfax MOSCOW Russia's gas giant Gazprom (MM:GAZP) may return to the Eurobond market in February after all risks related to its dispute with Ukraine are removed, Interfax news agency reported on Thursday, citing a source familiar with the matter.Gazprom said late last year i

23 Jan

Comcast results beat forecasts on broadband growth; 'Cats' hits NBC Universal unit

Comcast Results Beat Forecasts On Broadband Growth; 'Cats' Hits NBC Universal Unit

. The Comcast NBC logo is shown on a building in Los Angeles, California By Helen Coster and Neha Malara Comcast Corp (O:CSA) on Thursday beat Wall Street's revenue and profit estimates due to growth in broadband customers, but the company lost more cable TV subscribers than Wall Street expected and its NBC Universal unit revenues were hurt as

23 Jan

China virus scare, disappointing earnings drive Wall St. lower

China Virus Scare, Disappointing Earnings Drive Wall St. Lower

By Sruthi ShankarU.S. stock indexes fell on Thursday, as mounting worries over a coronavirus outbreak in China, disappointing corporate earnings and weakness in financial stocks prompted investors to hit the brakes after a strong rally this year.China put on lockdown on Thursday two cities at the epicentre of the coronavirus outbreak that has kill

23 Jan

Stocks - Wall Street Tumbles on Virus Fears, Mixed Earnings

Stocks - Wall Street Tumbles On Virus Fears, Mixed Earnings

. By Geoffrey Smith -- Stocks tumbled on Wall Street amid a mixed bag of corporate earnings and growing concern at the spread of the coronavirus, after China quarantined the city at the heart of the outbreak and authorities confirmed more cases in new countries.The Dow Jones Industrial Average (DJI) fell 110 points, or 0.4%, by 10:45 AM ET (1545 GMT) to 29,075.54 p

23 Jan

Travelers Stock Falls 3%

Travelers Stock Falls 3%

. Travelers Stock Falls 3% Travelers (NYSE:TRV) Stock fell by 3.17% to trade at $136.90 by 09:31 (14:31 GMT) on Thursday on the NYSE exchange.The volume of Travelers shares traded since the start of the session was 51.43K. Travelers has traded in a range of $136.90 to $137.58 on the day.The stock has traded at $141.8500 at its highest and $136.0000 at its lowest d

23 Jan

Comcast Stock Falls 3%

Comcast Stock Falls 3%

. Comcast Stock Falls 3% Comcast (NASDAQ:CMCSA) Stock fell by 3.01% to trade at $46.07 by 09:36 (14:36 GMT) on Thursday on the NASDAQ exchange.The volume of Comcast shares traded since the start of the session was 2.71M. Comcast has traded in a range of $46.04 to $46.97 on the day.The stock has traded at $47.7400 at its highest and $45.5000 at its lowest during th

23 Jan

India's SpiceJet to take 'substantial' profit hit from 737 MAX grounding: Chairman

India's SpiceJet To Take 'substantial' Profit Hit From 737 MAX Grounding: Chairman

By Savio Shetty and Lisa Pauline MattackalIndian airline SpiceJet Ltd (NS:SPJT) expects a "substantial" profit hit from the grounding of Boeing's (N:BA) 737 MAX aircraft, co-founder and chairman Ajay Singh said on Thursday.The budget carrier is in active talks with the planemaker on compensation for 737 MAX-related costs, Singh told the Gl

23 Jan

Wall Street opens lower on virus scare, mixed earnings

Wall Street Opens Lower On Virus Scare, Mixed Earnings

. Traders work on the floor at the NYSE in New York U.S. stocks opened lower on Thursday on rising worries over the coronavirus outbreak in China that prompted a lockdown of two cities in the country, while a mixed bag of results added to the dour sentiment. The Dow Jones Industrial Average (DJI) fell 75.25 points, or 0.26%, at the open to 29,111.02. The

23 Jan

Xerox plans to nominate 11 directors to HP's board

Xerox Plans To Nominate 11 Directors To HP's Board

. The company logo for Xerox is displayed on a screen on the floor of the NYSE in New York Xerox Holdings Corp (N:XRX) said on Thursday it plans to nominate 11 independent candidates to HP Inc's (N:HPQ) board, setting the stage for a proxy fight after the personal computer maker rebuffed its $33.5 billion takeover offer. The candidates include Kim Fennebr

23 Jan

Healthy travel demand helps cushion 737 MAX toll for American, Southwest

Healthy Travel Demand Helps Cushion 737 MAX Toll For American, Southwest

By Tracy RucinskiCHICAGO Healthy travel demand should continue to cushion results for American Airlines Group Inc (O:AAL) and Southwest Airlines Co (N:LUV), the two said on Thursday, even as the prolonged Boeing (NYSE:BA) 737 MAX grounding continues to hit costs and profits.American and Southwest have had to cancel thousands of flights following

23 Jan

Virus fears sap stocks; ECB gets ready for rethink

Virus Fears Sap Stocks; ECB Gets Ready For Rethink

. The London Stock Exchange Group offices are seen in the City of London, Britain By Marc Jones LONDON World shares fell on Thursday, led by the biggest tumble in Chinese stocks in more than eight months, as concern mounted about a new coronavirus outbreak in China. With millions of Chinese preparing to travel for the Lunar New Year, the potential for the

23 Jan

Stocks - P&G Falls, Comcast, American Airlines Rise in Premarket

Stocks - P&G Falls, Comcast, American Airlines Rise In Premarket

. By Geoffrey Smith -- Stocks in focus in premarket trade on Thursday, 23rd January. Please refresh for updates.8:58 AM ET: Co-Diagnostics (NASDAQ:CODX) stock rose by 171% after the company announced that it had completed principle design work for a screening test for new coronavirus, 2019-nCoV, intended to address potential need for detection of the virus, usi