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Thursday, October 12, 2017
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12 Oct 10:52pm Samsung Elec on track for record third quarter as chips soar
Reuters
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its third-quarter operating profit likely nearly tripled from a year earlier to a new record, beating analyst estimates as strong memory chip prices fattened margins.
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Currencies in USD
GBP 1,32 -0,228%
EUR 1,18 -0,085%
CHF 1,02 -0,492%
12 Oct 10:49pm Samsung Elec CEO Kwon Oh-hyun to step down from management
Reuters
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun had decided to step down from management, as it forecast record third-quarter profits on the back of soaring memory chip prices.
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12 Oct 10:14pm Boeing passenger jets have falsely-certified Kobe Steel products: source
Reuters
TOKYO (Reuters) - Boeing Co, the world's biggest maker of passenger jets, has used Kobe Steel products that include those falsely certified by the Japanese company, a source with knowledge of the matter told Reuters.
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12 Oct 9:42pm Kobe Steel says also fabricated data in steel wire products
Reuters
TOKYO (Reuters) - Kobe Steel Ltd said on Friday it had falsified data on some of its steel wire products on top of the already-announced data fabrication for aluminum, copper, iron powder products and metal materials used in optical discs.
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12 Oct 9:32pm Samsung Electronics CEO Kwon Oh-hyun to step down from management
Reuters
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun had decided to step down from management.
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12 Oct 9:23pm Asia shares firm to near ten-year high ahead of U.S. data, China Congress
Reuters
TOKYO (Reuters) - Asian stocks held firm near a 10-year high on Friday thanks to expectations of brisk global growth, although investors held off chasing the shares higher ahead of U.S. and Chinese economic data as well as the Chinese Communist Party congress next week.
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12 Oct 9:12pm Updated Canada union, GM spar as automaker cuts U.S. plant output
Reuters
TORONTO (Reuters) - The union leading a month-long strike at a General Motors Co auto plant in Ontario is refusing to make concessions after GM threatened to move production to Mexico, a move that could cost thousands of Canadian jobs.
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12 Oct 7:54pm Samsung Electronics on track for record third quarter as chips soar
Reuters
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its third-quarter operating profit likely nearly tripled from a year earlier to a new record, beating analyst estimates, as strong memory chip prices fattened margins.
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12 Oct 7:47pm Samsung Electronics on track for record third-quarter as chips soar
Reuters
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its third-quarter operating profit likely nearly tripled from a year earlier to a new record, beating analyst estimates, as strong memory chip prices fattened margins.
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12 Oct 7:33pm Updated Richard Branson takes another bet on the future with Hyperloop One
Reuters
(Reuters) - British billionaire Richard Branson on Thursday placed another bet on the future with an investment in Hyperloop One, which is developing super high-speed transportation systems.
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12 Oct 7:11pm Updated Republicans eye alternatives for getting to 20 percent corporate tax rate
Reuters
WASHINGTON (Reuters) - Republican lawmakers are considering indirect paths to meeting President Donald Trump's goal of slashing the corporate tax rate to 20 percent, one of the toughest challenges they face in trying to overhaul the U.S. tax code.
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12 Oct 7:00pm Standard Chartered chairman urges U.S. to preserve bank resolution regime
Reuters
WASHINGTON (Reuters) - The chairman of British bank Standard Chartered [STANB.UL] called on U.S. policymakers to preserve a key post-crisis power that allows bank regulators to wind down a failing lender, even as the Trump administration looks to slash red tape across the financial sector.
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12 Oct 6:49pm Disney to cut about 200 jobs at its TV networks: source
Reuters
(Reuters) - Walt Disney Co plans to cut about 200 jobs at unit ABC and other cable networks, according to a source familiar with the matter.
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12 Oct 6:13pm Updated Wall Street slips as banks fall after results, AT&T sinks
Reuters
NEW YORK (Reuters) - U.S. stocks retreated from recent record highs on Thursday as AT&T shares sank after it said it lost subscribers in the last quarter and banks slipped following results from JPMorgan and Citigroup.
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12 Oct 5:25pm Tesla to recall 11,000 Model X SUVs due to seat issue
Reuters
(Reuters) - Electric carmaker Tesla Inc is recalling 11,000 Model X sport utility vehicles worldwide due to a faulty locking mechanism in their rear seats that raises the risk of the seats falling forward in a crash.
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12 Oct 4:24pm FCC head silent on Trump comment about pulling broadcast licenses
Reuters
WASHINGTON (Reuters) - A suggestion by President Donald Trump that a U.S. regulator pull broadcast licenses from TV networks over what Trump calls "fake news" has been met by silence from the watchdog's head Ajit Pai, who has a history of defending free speech rights.
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12 Oct 4:15pm Wall St. falls as banks weigh; AT&T slumps
Reuters
NEW YORK (Reuters) - U.S. stocks edged lower on Thursday as bank shares fell following quarterly results from JPMorgan and Citigroup, while AT&T tumbled 6 percent after it said it lost subscribers in the last quarter.
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12 Oct 3:56pm Bombardier says AirBaltic resumes CSeries CS300 flights
Reuters
TORONTO (Reuters) - Bombardier Inc said on Thursday AirBaltic had resumed flights of CSeries CS300 jets after a temporary halt to inspect engine accessory.
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12 Oct 3:54pm Consumer credit casts cloud over JPMorgan and Citi
Reuters
NEW YORK (Reuters) - JPMorgan Chase & Co and Citigroup Inc on Thursday said they had set aside more money for credit card lending losses in the third quarter, stoking concerns about consumer indebtedness and overshadowing profits that topped analyst estimates.
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12 Oct 3:35pm Costs help Citi beat Wall Street view; consumer debts rise
Reuters
(Reuters) - Citigroup Inc's quarterly earnings beat Wall Street expectations on Thursday as cost-cutting, a unit sale and a gain in investment bank fees compensated for weak bond trading and a jump in provisions for consumer bad debts.
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12 Oct 3:30pm Updated Amazon to keep U.S. holiday hiring flat at 120,000 workers
Reuters
(Reuters) - Amazon.com Inc said it would hire 120,000 workers in the United States this holiday season, same as last year, joining a list of U.S. retailers cautious about their hiring plans amid an improving job market.
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12 Oct 2:09pm Updated GM to scale back production at Detroit sedan plant
Reuters
DETROIT/WASHINGTON (Reuters) - General Motors Co said on Thursday it plans to scale back production at an assembly plant in Detroit starting later this month as it tries to deal with declining U.S. sedan sales
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12 Oct 2:07pm Updated AT&T subscriber losses highlight cord-cutting threat: analysts
Reuters
NEW YORK (Reuters) - AT&T Inc's third-quarter video losses sent pay-TV industry shares down on Thursday after Wall Street analysts raised concerns about the continued threat of consumers cancelling their cable and satellite television subscriptions.
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12 Oct 1:32pm Volkswagen to make brands more distinct to boost efficiency
Reuters
BERLIN (Reuters) - Volkswagen will make its three mass-market brands more distinct to reduce overlaps and defuse tensions within the carmaking group, its chief executive said on Thursday.
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12 Oct 1:30pm Updated Airbnb targets business travelers to France
Reuters
PARIS (Reuters) - Business travelers to France are in the sights of online rental marketplace Airbnb, according to a senior official on Thursday at the company best known for hosting holidaymakers.
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12 Oct 1:28pm Viacom launches TV ads in dispute with Charter
Reuters
(Reuters) - Viacom Inc , parent of networks including MTV and Nickelodeon, launched TV ads this week urging its viewers to call customer service at cable company Spectrum ahead of a deadline that may result in a costly blackout for 16.6 million customers.
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12 Oct 1:20pm Wall Street rally pauses as tepid bank earnings, media stocks weigh
Reuters
(Reuters) - A rally on Wall Street paused on Thursday following lackluster quarterly earnings from JPMorgan and Citigroup and as media stocks dropped for the second straight day.
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12 Oct 12:55pm Updated Loan growth helps JPMorgan beat expectations despite trading decline
Reuters
(Reuters) - JPMorgan Chase & Co easily beat Wall Street's third-quarter profit expectations on Thursday, with loan growth and higher interest rates more than offsetting weakness in its markets-related unit.
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12 Oct 12:15pm Updated Tight leash on costs helps Citigroup trump Wall Street view
Reuters
(Reuters) - Citigroup Inc's quarterly profit and revenue beat Wall Street expectations as the bank kept a tight lid on costs, booked a gain from an asset sale and saw strength in equity underwriting.
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12 Oct 11:57am GM to idle Detroit plant, cut output, lay off workers: source
Reuters
DETROIT/WASHINGTON (Reuters) - General Motors Co plans to scale back production at an assembly plant in Detroit and lay off about 1,500 workers as the company contends with a continued decline in sedan sales, according to a source familiar with the plan.
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12 Oct 11:53am Updated Wells Fargo names Mike Roemer chief compliance officer
Reuters
(Reuters) - Wells Fargo & Co , the third-biggest U.S. bank by assets, on Thursday named Mike Roemer chief compliance officer.
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12 Oct 11:47am Wall St. edges along on tepid bank earnings, media stocks drag
Reuters
(Reuters) - Wall Street was largely unchanged late on Thursday morning as a rise in technology stocks helped negate another tumble in media stocks and results from JPMorgan and Citigroup that failed to enthuse.
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12 Oct 11:40am Updated GM to cut production at Detroit plant, lay off workers: WSJ
Reuters
DETROIT (Reuters) - General Motors Co plans to scale back production at an assembly plant in Detroit and lay off about 1,500 workers, the Wall Street Journal reported on Thursday, citing sources familiar with the plan.
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12 Oct 11:08am Hyperloop One gets Richard Branson on board
Reuters
(Reuters) - Los-Angeles-based company, Hyperloop One said billionaire Richard Branson's Virgin Group has invested in the company to form a strategic partnership.
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12 Oct 10:52am Updated Airbus board backs CEO after reviewing top management
Reuters
PARIS (Reuters) - Airbus directors publicly backed Chief Executive Tom Enders on Thursday in the face of European investigations into the use of middlemen in airplane sales and a $2 billion fighter deal.
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12 Oct 10:18am Wall Street drops as bank earnings fail to cheer, media stocks drag
Reuters
(Reuters) - U.S. stocks fell on Thursday morning, dragged down by media companies, while results from JPMorgan and Citigroup failed to fuel the optimism that has driven indexes to record highs.
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12 Oct 9:53am Wall Street slips as bank results fail to excite
Reuters
(Reuters) - Wall Street was slightly lower at the open on Thursday as results of major banks JPMorgan and Citigroup failed to fuel the optimism that has driven indexes to record highs.
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12 Oct 9:52am Lufthansa spreads wings by snapping up parts of failed Air Berlin
Reuters
FRANKFURT/BERLIN (Reuters) - Lufthansa reinforced its position as Germany's largest airline on Thursday by signing a 210 million euro ($249 million)deal to buy large parts of insolvent Air Berlin .
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12 Oct 9:50am Amazon to hire 120,000 workers in the U.S. for holiday season
Reuters
(Reuters) - Amazon.com Inc said it would hire 120,000 workers in the United States this holiday season, same as last year, as the online behemoth prepares for the holiday shopping frenzy.
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12 Oct 9:06am Lufthansa agrees to buy parts of insolvent Air Berlin
Reuters
FRANKFURT (Reuters) - Lufthansa agreed to buy parts of insolvent German airline Air Berlin for around 210 million euros ($248.72 million), Air Berlin said on Thursday.
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12 Oct 8:55am Dollar recovers as Fed worries about low inflation
Reuters
LONDON (Reuters) - The dollar recovered on Thursday, having hit its lowest in more than two weeks as U.S. central bankers showed they were taking a more guarded view of inflation, helped by a steep fall in the British pound.
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12 Oct 8:33am Citigroup profit rises on asset sale gain, lower costs
Reuters
(Reuters) - Citigroup Inc reported a higher quarterly profit as it kept costs lower, recorded a large gain from an asset sale and had a smaller-than-expected decline in trading revenue.
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12 Oct 8:02am Sports car maker Aston Martin counts on an SUV to drive its future
Reuters
DETROIT (Reuters) - The arrival of Aston Martin's DBX sport utility vehicle in 2019 could help more than double sales of the British sports car maker by early next decade, its chief executive told Reuters.
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12 Oct 7:58am Bond trading slump clouds JPMorgan earnings beat
Reuters
(Reuters) - JPMorgan Chase & Co's quarterly profit and revenue easily trumped Wall Street's expectations on Thursday, but a slump in bond trading clouded gains from loan growth and higher interest rates.
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12 Oct 7:57am HSBC picks insider John Flint as new chief executive
Reuters
LONDON (Reuters) - HSBC has chosen John Flint as its next chief executive, it said on Thursday, with its recently-hired chairman opting for an insider to pursue a turnaround at Europe's biggest bank.
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12 Oct 7:36am James Murdoch wins backing of Sky shareholders to stay as chairman
Reuters
LONDON (Reuters) - A majority of independent votes cast at the annual shareholders' meeting of Sky on Thursday supported the re-election of James Murdoch as chairman, a spokesman for the European pay TV group said.
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12 Oct 7:34am Updated Asia stocks reach 10-year peak on global equity surge, dollar sags
Reuters
TOKYO (Reuters) - Asian stocks reached a 10-year high on Thursday, riding the bull run in global equity markets, while the dollar sagged after the Federal Reserve showed a more guarded view towards inflation.
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12 Oct 7:00am JPMorgan gets boost from lending as trading slumps
Reuters
(Reuters) - JPMorgan Chase & Co , the largest U.S. bank by assets, reported a 7.1 percent rise in quarterly profit on Thursday as gains from loan growth and higher interest rates more than offset a slump in trading revenue.
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12 Oct 6:40am HSBC names retail head John Flint as its next chief executive
Reuters
LONDON (Reuters) - HSBC has appointed John Flint as its next chief executive the bank said on Thursday, sticking with a tradition of promoting company insiders to run the firm.
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12 Oct 6:35am Samsung scion fights back as legal appeal begins
Reuters
SEOUL (Reuters) - The heir to South Korea's Samsung Group, convicted of bribing the country's former president, appeared in a packed court on Thursday for the first day of arguments in the appeal of his five-year jail term for corruption.
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12 Oct 5:56am Updated Facebook pushes ad overhaul before 2018 U.S. election: executive
Reuters
SAN JOSE, Calif. (Reuters) - Facebook Inc has begun overhauling how it handles political ads on its platform and may put some changes in place before U.S. elections next year, Facebook's chief technology officer said on Wednesday.
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12 Oct 5:54am Updated Airbus board carried out management review amid compliance row: sources
Reuters
PARIS (Reuters) - The board of Europe's Airbus ordered out a private review of top management before backing Chief Executive Tom Enders to complete a sensitive compliance shake-up in the face of European corruption probes, two people familiar with the matter said.
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12 Oct 2:02am Kobe Steel CEO says data-cheating may have spread beyond Japan as government orders probe
Reuters
TOKYO (Reuters) - Kobe Steel's CEO said on Thursday the firm's data-fabrication may have spread beyond Japan, as he was ordered by the government to report on how the misconduct occurred and address safety concerns that have sparked a scare along global supply chains.
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12 Oct 12:09am Movie studios join Disney-led service to link digital purchases
Reuters
LOS ANGELES (Reuters) - Five Hollywood film studios have joined together to offer a new service designed to make it easier for consumers to collect digital movies that they can watch at home or on mobile devices, the studios said in a statement on Wednesday.
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