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Reuters Business
Jul 19, 2019

Four Republican lawmakers ask Trump to move forward with $10 billion Pentagon cloud contract
Four Republican members of U.S. Congress, including House Armed Services Committee ranking member Mac Thornberry, sent a letter to President Donald Trump on Thursday urging him to move forward with a $10 billion cloud contract with the Defense Department.

Reuters Business
Jul 19, 2019

Ford to lay off 185 workers at Canadian plant: union
Ford Motor Co will lay off about 185 employees in September at a Canadian manufacturing plant in Oakville, Ontario, with the possibility of more layoffs in January, the union local said on Friday.

Reuters Business
Jul 19, 2019

Wall Street falls as Fed signals smaller rate cut
Wall Street's main indexes fell on Friday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the month.

Reuters Business
Jul 19, 2019

Global stocks down as big rate cut hopes fade, dollar rises
A gauge of global stocks declined after early gains dissipated on Friday as expectations for a strongly dovish U.S. Federal Reserve at its next meeting were dialed back, pushing the dollar higher.

Reuters Business
Jul 19, 2019

Trump: U.S. had 'very good talk' with China; in-person talks may follow
U.S. President Donald Trump said on Friday that U.S. Treasury Secretary Steve Mnuchin had a very good talk with his Chinese counterpart, amid signals from China that officials could soon meet face-to-face in their bid to end a yearlong trade war.

Reuters Business
Jul 19, 2019

Wall Street falls as expectations for hefty Fed cut trimmed
Wall Street's main indexes edged lower on Friday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the month.

Reuters Business
Jul 19, 2019

American Airlines-Qantas joint venture wins final U.S. approval
The U.S. Department of Transportation (DOT) on Friday granted American Airlines Group Inc and Qantas Airways Ltd final approval to operate a joint venture after a prior effort was rejected in 2016.

Reuters Business
Jul 19, 2019

Airbus mimics nature with 'Bird of Prey' concept plane
Airbus on Friday unveiled a concept aircraft with splayed wingtips and a fanned tail inspired by the feathers of an eagle as it experiments with "biomimicry" technology that could eventually lead to quieter landings and less pollution.

Reuters Business
Jul 19, 2019

Trump: U.S. treasury secretary had 'very good talk' with Chinese counterpart
President Donald Trump said on Friday that U.S. Treasury Secretary Steve Mnuchin had a very good talk with his Chinese counterpart.

Reuters Business
Jul 19, 2019

Oil climbs as Middle East tensions offset demand worries
Oil prices rose about 1 percent on Friday after steep losses in the previous session, supported by rising tensions between the United States and Iran, but weighed by concerns slowing economic growth could dent global oil demand.

Reuters Business
Jul 19, 2019

Global stocks up on Fed rate cut hopes, Microsoft results; dollar bounces
A gauge of global stocks climbed on Friday as investors looked for a strongly dovish U.S. Federal Reserve at its next meeting and as early returns on earnings season have come in better than anticipated.

Reuters Business
Jul 19, 2019

BlackRock CEO Larry Fink says ECB must buy equities to stimulate euro zone
BlackRock Chief Executive Larry Fink said on Friday the European Central Bank will need to purchase equities to stimulate Europe's economy, and that leaders should find ways to have investors embrace an "equity culture" there.

Reuters Business
Jul 19, 2019

U.S. to grant final approval to American Airlines-Qantas joint venture: sources
The U.S. Department of Transportation (DOT) is set on Friday to grant American Airlines Group Inc and Qantas Airways Ltd final approval to operate a joint venture after a prior effort was rejected in 2016, two people briefed on the matter told Reuters.

Reuters Business
Jul 19, 2019

Wall St. slightly higher on Microsoft results, rate cut hopes
Wall Street's main indexes edged higher on Friday after solid results from technology giant Microsoft added to an upbeat mood following hints from a top Federal Reserve official that a U.S. interest rate cut could be imminent.

Reuters Business
Jul 19, 2019

AmEx warns of higher costs as it boosts rewards program, shares fall
American Express Co warned of higher operating costs this year as the credit card issuer spends heavily on rewards programs to attract customers in an increasingly crowded market, sending its shares down 2.5% on Friday.

Reuters Business
Jul 19, 2019

Cummins makes offer for VW's large engines unit: sources
United States-based diesel engines maker Cummins has made an indicative offer for Volkswagen's MAN Energy Solutions unit, people close to the matter said, as the carmaker seeks to slim down its portfolio of disparate assets.

Reuters Business
Jul 19, 2019

Oil steadies as Middle East tensions counter demand worries, set for weekly fall
Oil prices steadied on Friday after steep losses in the previous session, supported by rising tensions between the United States and Iran, but weighed by concerns slowing economic growth could dent global oil demand.

Reuters Business
Jul 19, 2019

Wall St. edges higher on Microsoft's beat, rate cut optimism
Wall Street's main indexes inched higher on Friday after solid results from technology giant Microsoft added to an upbeat mood following hints from a top Federal Reserve official that a U.S. interest rate cut could be imminent.

Reuters Business
Jul 19, 2019

Fed rate cut hopes, Microsoft lift stocks; dollar bounces
A gauge of global stocks climbed on Friday as investors expect an aggressively dovish U.S. Federal Reserve at its next meeting and as early returns on earnings season have been better than anticipated.

Reuters Business
Jul 19, 2019

Jet Airways' lenders approve interim finance plan for the carrier
Lenders to Jet Airways agreed on Friday to provide some interim financing to the bankrupt airline to help it cover legal and other costs, as resolution experts look to find a potential buyer.

Reuters Business
Jul 19, 2019

Wall St. rises on Microsoft's beat, rate cut euphoria
U.S. stock indexes advanced on Friday as solid results from Microsoft lifted technology stocks and added to an upbeat mood following signs from New York Fed President John Williams that the central bank would lower interest rates this month.

Reuters Business
Jul 19, 2019

Wall Street opens higher after Microsoft's beat, rate cut euphoria
U.S. stocks opened higher on Friday as solid results from Microsoft lifted technology shares and added to market optimism after New York Fed President John Williams boosted hopes that the central bank was set to cut interest rates this month.

Reuters Business
Jul 19, 2019

BlackRock profit misses estimates, hit by lower fees for lending stocks
BlackRock Inc , the world's largest asset manager, took in less cash last quarter as investors moved into lower-cost bond funds, and it made less money lending out stocks.

Reuters Business
Jul 19, 2019

AB InBev sells Australian brewer to Asahi, keeps Asia IPO on radar
Anheuser-Busch InBev , the world's largest brewer, is selling its Australian operations to Japan's Asahi for $11 billion and could revive the stalled flotation of its Asian business as it looks to cut debt.

Reuters Business
Jul 19, 2019

AmEx beats profit on higher card spending; expenses a worry
Credit card issuer American Express Co beat analysts' estimates for quarterly profit on Friday, as a healthy U.S. economy fueled higher spending by its customers.

Reuters Business
Jul 19, 2019

Fed rate cut bets buoy stocks, dollar steadies
Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar.

Reuters Business
Jul 19, 2019

BlackRock's profit hit by lower fees for lending stocks
BlackRock Inc , the world's largest asset manager, took in less cash last quarter as investors moved into lower-cost bond funds, and it made less money lending out stocks.

Reuters Business
Jul 19, 2019

Microsoft brightens Wall St. mood as rate cut hopes rise
U.S. stock futures inched higher on Friday as strong results for Microsoft's cloud business fed into a bullish mood following signs from New York Fed President John Williams that the U.S. central bank was set to cut interest rates this month.

Reuters Business
Jul 19, 2019

Syngenta profits hit by U.S./China trade wars, bad weather
Agricultural chemical maker Syngenta on Friday reported a 34% fall in first-half net income, showing the impact of U.S. trade disputes with China and Mexico as well as bad weather in some of its markets.

Reuters Business
Jul 19, 2019

Exclusive: J.C. Penney taps debt restructuring advisers: sources
J.C. Penney Co Inc has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, people familiar with the matter said on Thursday.

Reuters Business
Jul 19, 2019

BlackRock second-quarter profit misses estimates
BlackRock Inc , the world's largest asset manager, missed analysts' estimates for quarterly profit on Friday, as investment advisory and securities lending revenue fell and costs rose.

Reuters Business
Jul 19, 2019

As 'superstar' cities keep winning, worrisome U.S. divide widens
In the depths of the financial crisis, when the world was shunning debt and battening down for the worst, city officials here zagged in what seemed a preposterous direction and spent $600 million on a new convention center.

Reuters Business
Jul 19, 2019

As U.S. 'superstar' cities thrive, weaker ones get left behind
In the depths of the financial crisis, when the world was shunning debt and battening down for the worst, city officials here zagged in what seemed a preposterous direction and spent $600 million on a new convention center.

Reuters Business
Jul 19, 2019

PepsiCo to buy South Africa's Pioneer Food for $1.7 billion
PepsiCo has struck a deal to buy South Africa's Pioneer Food Group for $1.7 billion, the companies said on Friday, lifting Pioneer's shares and boosting a sector that has been hit by drought and tough trading conditions.

Reuters Business
Jul 19, 2019

Syngenta CFO says it faces no glyphosate lawsuits
Chinese-owned agricultural chemical maker Syngenta has not been named in litigation involving weed-killer ingredient glyphosate that has hit German rival Bayer , the Swiss-based company's chief financial officer, Mark Patrick, said on Friday.

Reuters Business
Jul 19, 2019

Bayer welcomes judge's call for reduced damages in $2 billion glyphosate case
Germany's Bayer AG welcomed on Friday a call by a U.S. judge to cut a $2 billion damages award to a Californian couple by a jury which found that its glyphosate-based weed killer had caused their cancer.

Reuters Business
Jul 19, 2019

Fed rate cut bets lift stocks, dollar steadies
Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar.

Reuters Business
Jul 19, 2019

Oyo founder to buy back $2 billion worth stake in SoftBank-backed Indian co
Indian hospitality startup Oyo Founder Ritesh Agarwal raised his stake in the company with a $2 billion buyback, in a move that will bring his ownership closer to biggest investor SoftBank Corp .

Reuters Business
Jul 19, 2019

PepsiCo offers $1.7 billion to buy South Africa's Pioneer Foods
PepsiCo has made a $1.7 billion offer to buy South Africa's Pioneer Food Group the companies said on Friday, boosting the target's shares by nearly 30%.

Reuters Business
Jul 19, 2019

BMW picks insider Zipse as CEO to catch up with rivals
BMW has named Oliver Zipse as its new CEO, hoping the "decisive" company lifer will help the automaker regain its edge in electric cars and win back the premium market lead lost to Mercedes-Benz under his consensus-seeking predecessor.

Reuters Business
Jul 19, 2019

Bayer welcomes judge's call for new trial in $2 billion glyphosate case
Germany's Bayer AG on Friday welcomed a conditional ruling by a U.S. judge calling for a retrial of the case of a couple awarded $2 billion in damages by a jury who found that its glyphosate-based weedkiller caused their cancer.

Reuters Business
Jul 19, 2019

PepsiCo plans to acquire South Africa's Pioneer Foods
U.S.-based beverage and snack maker PepsiCo is planning to acquire South Africa's Pioneer Food Group for around $1.7 billion, the two companies said on Friday, as it targets expansion in Africa.

Reuters Business
Jul 19, 2019

Oil rises after U.S. Navy downs Iranian drone; set for weekly fall
Oil prices rose on Friday as tensions brewed again in the Middle East after a U.S. Navy ship destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows.

Reuters Business
Jul 19, 2019

Aston Martin's biggest investor offers to buy another 3% stake
The biggest investor in Aston Martin offered on Friday to buy another 3% stake in the luxury carmaker, whose shares have slumped since listing last year.

Reuters Business
Jul 19, 2019

IEA does not expect 'huge increase' in crude prices: executive director
The International Energy Agency (IEA) doesn't expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its executive director said on Friday.

Reuters Business
Jul 19, 2019

Oil jumps after U.S. Navy downs Iranian drone
Oil prices rose nearly 2% on Friday as tensions brewed again in the Middle East after a U.S. Navy ship destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows.

Reuters Business
Jul 19, 2019

BMW picks 'decisive' new CEO to catch up with rivals
BMW named Oliver Zipse as its new chief executive late on Thursday, praising his "decisive" qualities after the luxury carmaker lost its edge in electric cars and ceded the premium sales crown to Mercedes under his consensus-seeking predecessor.

Reuters Business
Jul 19, 2019

IEA says does not expect 'huge increase' in crude prices
The International Energy Agency (IEA) doesn't expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its executive director said on Friday.

Reuters Business
Jul 19, 2019

GM's mid-engine Corvettes roar onstage to take on Europeans
General Motors Co unveiled on Thursday its newly designed mid-engine 2020 Corvette in a splashy tribute to its emblematic sports car, even as the No. 1 U.S. automaker faces mounting pressures in a sluggish and uncertain global sales environment.

Reuters Business
Jul 18, 2019

Asia stocks firm as Fed props up rate cut expectations
Asian stocks advanced on Friday after a top Federal Reserve official cemented expectations of a U.S. interest rate cut later this month, fuelling appetite for riskier assets and keeping a cap on the dollar.

Reuters Business
Jul 18, 2019

Oil jumps, Brent up more than 2% after U.S. Navy downs Iranian drone
Oil prices climbed around 2% on Friday after the U.S. Navy destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows, again raising tensions in the Middle East.

Reuters Business
Jul 18, 2019

Exclusive: IEA revising oil demand growth forecast down on slowing economy
The International Energy Agency (IEA) is reducing its 2019 oil demand forecast due to a slowing global economy amid a U.S.-China trade spat, its executive director said on Thursday.

Reuters Business
Jul 18, 2019

China makes biggest U.S. sorghum purchase since April as trade talks resume
China made its biggest purchase of U.S. sorghum since April last week, according to U.S. Department of Agriculture data issued on Thursday, as Washington and Beijing revive discussions to end their trade war.

Reuters Business
Jul 18, 2019

U.S.-China officials discuss trade; Mnuchin eyes possible in-person talks
U.S. and Chinese officials spoke by telephone on Thursday as the world's two largest economies seek to end a year-long trade war, with U.S. Treasury Secretary Steven Mnuchin suggesting in-person talks could follow.

Reuters Business
Jul 18, 2019

Asia stocks gain, dollar sags as Fed reinforces rate cut expectations
Asian stocks gained and the dollar sagged on Friday after a top Federal Reserve official all but cemented expectations of a U.S. interest rate cut later this month.

Reuters Business
Jul 18, 2019

Icahn launches proxy fight after stalled talks with Occidental CEO
Activist investor Carl Icahn on Thursday formally launched a proxy fight against Occidental Petroleum to win control of four board seats, according to a regulatory filing, after talks with the oil company's chief executive failed to reach an agreement.

Reuters Business
Jul 18, 2019

Exclusive: J.C. Penney taps debt restructuring advisers - sources
J.C. Penney Co Inc has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, people familiar with the matter said on Thursday.

Reuters Business
Jul 18, 2019

Exclusive: WeWork to host Wall Street analyst day in IPO push - sources
The We Company, parent of flexible workspace operator WeWork, plans to host an analyst day for Wall Street banks on July 31, as the company steps up its preparations for an initial public offering (IPO), people familiar with the matter said.

Reuters Business
Jul 18, 2019

U.S. airline group says it had a 'productive meeting' with Trump on Qatar
A U.S. airline industry group said it had a "productive" meeting on Thursday with President Donald Trump, who "shares our concerns" about accusations that subsidies by Qatar and the United Arab Emirates are costing jobs in the United States.

Reuters Business
Jul 18, 2019

Microsoft shares hit record highs, powered by growing cloud sales
Microsoft Corp on Thursday beat analysts' estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud business and sending its shares to all-time highs.

Reuters Business
Jul 18, 2019

Trump meets with airline CEOs over Qatar subsidy accusations
U.S. President Donald Trump met on Thursday with the chief executives of major American airlines to discuss their accusations that subsidies by Qatar and United Arab Emirates are costing jobs in the United States.

Reuters Business
Jul 18, 2019

Boeing takes $4.9 billion charge for prolonged grounding of 737 MAX planes
Boeing Co said on Thursday it would take an after-tax charge of $4.9 billion in the second quarter on estimated disruptions from the prolonged grounding of its lucrative 737 MAX passenger planes after two deadly crashes.

Reuters Business
Jul 18, 2019

Microsoft beats estimates, powered by growing cloud profits
Microsoft Corp on Thursday beat analysts' estimates for fourth-quarter revenue and profit, powered by continued sales increases from its cloud business and a boost from businesses upgrading Windows.

Reuters Business
Jul 18, 2019

Trump wants weaker dollar but it could be a hard sell
President Donald Trump wants a cheaper dollar, saying earlier this month the United States should match what he says are efforts by other countries to weaken their own currencies - giving them an unfair trade advantage.

Reuters Business
Jul 18, 2019

Boeing takes $4.9 billion charge related to 737 MAX
Boeing said on Thursday it would take an after-tax charge of $4.9 billion in the second quarter related to estimated disruptions from the grounding of its money-spinning 737 MAX after two deadly crashes.

Reuters Business
Jul 18, 2019

Goldman Sachs' equities-backed earnings results may face pressure
Booming stock markets around the globe helped Goldman Sachs Group Inc offset declines in other businesses last quarter, but those gains may not be sustainable, analysts said.

Reuters Business
Jul 18, 2019

Wall Street rises as Fed's Williams cements rate-cut expectations
U.S. stocks moved higher on Thursday after a slow start as comments from New York Fed President John Williams helped cement expectations for an interest rate cut from the U.S. central bank at the end of the month.

Reuters Business
Jul 18, 2019

Microsoft sales beat expectations as cloud growth slows
Microsoft Corp beat analysts' estimates for fourth-quarter revenue and profit on Thursday, even as sales growth began to slow for its cloud product Azure and Office software.

Reuters Business
Jul 18, 2019

Stocks gain on Fed rate cut optimism; oil drops
A gauge of global stocks advanced on Thursday, erasing declines on a late rally after comments from a U.S. Federal Reserve policymaker heightened expectations for a rate cut, while oil prices dropped on forecasts of rising output.

Reuters Business
Jul 18, 2019

U.S. solar sector launches lobbying push to preserve key subsidy
The U.S. solar industry on Wednesday kicked off a lobbying push aimed at convincing Congress to extend a generous tax credit for solar energy systems that is set to begin phasing out next year.

Reuters Business
Jul 18, 2019

Wall Street rises as Fed's Williams bolsters rate-cut hopes
U.S. stock indexes rose on Thursday after a sluggish start as comments from New York Fed President John Williams further cemented expectations for interest rate cuts from the U.S. central bank.

Reuters Business
Jul 18, 2019

U.S. Justice Department may sue to block Sprint, T-Mobile merger: source
The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp to wrap up a deal by the end of next week to sell assets that are to be divested as a condition of their proposed merger or face a lawsuit aimed at stopping the transaction, a source familiar with the deal said on Thursday.

Reuters Business
Jul 18, 2019

BMW picks Oliver Zipse as new CEO
BMW said Oliver Zipse will become chief executive on Aug. 16, picking the 55-year-old manufacturing expert to help the German automaker make the shift to electric and self-driving cars and tackle new competition from technology giants.

Reuters Business
Jul 18, 2019

Oil falls about 2.5% as U.S. Gulf production returns
Oil fell about 2.5% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week's hurricane in the region.

Reuters Business
Jul 18, 2019

U.S. tells T-Mobile, Sprint to wrap up divestiture deal: source
The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp to wrap up a deal by the end of next week to sell assets that need to be divested or face a lawsuit aimed at stopping their proposed merger, a source familiar with the deal said on Thursday.

Reuters Business
Jul 18, 2019

BMW promotes Oliver Zipse to CEO
German luxury carmaker BMW on Thursday named 55-year-old Oliver Zipse as its new chief executive, continuing a tradition of promoting a manufacturing expert to the top job.

Reuters Business
Jul 18, 2019

Union Pacific cost cuts sheltered profit amid freight slowdown
Union Pacific Corp on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised rates to overcome disruptions from record floods in the Midwest and ongoing U.S.-China trade tensions.

Reuters Business
Jul 18, 2019

Trade, earnings caution weigh on stocks; oil drops
A gauge of global stocks lost ground for a third straight session on Thursday on worries over how the trade war between the United States and China could take a toll on corporate earnings, while oil prices dropped on expectations of rising output.

Reuters Business
Jul 18, 2019

Trump to meet with airline CEOs on Qatar flights
U.S. President Donald Trump planned to meet on Thursday with the chief executives of major American airlines and Qatar Airways to discuss their accusations that subsidies by Qatar and United Arab Emirates are costing jobs in the United States.

Reuters Business
Jul 18, 2019

Trump to meet airline executives to discuss 'competition and transparency'
U.S. President Donald Trump will meet with top executives from a handful of airlines on Thursday to discuss "competition and transparency," a White House official said.

Reuters Business
Jul 18, 2019

Transport app FlixMobility gets Germany's biggest tech funding round to drive growth
Transport app FlixMobility has raised around 500 million euros ($561 million) in Germany's biggest tech funding round to date to back investments in its expansion, sources familiar with the matter said on Thursday.

Reuters Business
Jul 18, 2019

Wall Street falls as Netflix adds to earnings jitters
Wall Street's main indexes were set for their third day of losses on Thursday, as Netflix reported a surprise fall in U.S. subscribers in a downbeat start to results from high-growth companies.

Reuters Business
Jul 18, 2019

Oil falls nearly 3% as U.S. Gulf production returns
Oil fell nearly 3% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week's hurricane in the region.

Reuters Business
Jul 18, 2019

Blackstone reports better-than-expected Q2 distributable earnings
Blackstone Group Inc , the world's largest manager of alternative assets such as private equity and real estate, said on Thursday its distributable earnings in the second quarter rose 1% year-on-year, more than most analysts expected.

Reuters Business
Jul 18, 2019

Netflix sinks on subscriber losses, analysts still see growth
Wall Street brokerages stuck to a positive outlook on Netflix Inc on Thursday, betting that a strong content slate for the rest of 2019 would reverse shock losses in U.S. subscribers in the second quarter that sank its stock price.

Reuters Business
Jul 18, 2019

Global stocks fall on trade, earnings caution; oil drops
A gauge of global shares declined for a third straight session on Thursday on worries over how the trade war between the United States and China could dent corporate earnings, while oil prices dropped on expectations of rising output.

Reuters Business
Jul 18, 2019

Southwest schedules without Boeing 737 MAX until Nov. 2, freezes pilot hiring
Southwest Airlines Co joined U.S. rivals on Thursday in cancelling more flights until early November due to the continued grounding of Boeing Co's 737 MAX, which has also prompted the low-cost carrier to freeze new pilot hiring.

Reuters Business
Jul 18, 2019

Morgan Stanley reports drop in profit, but wealth management gains
Morgan Stanley reported a drop in quarterly profit Thursday, hit by lower market activity amid global trade tensions and expectations for U.S. interest rate cuts.

Reuters Business
Jul 18, 2019

Wall St. slightly lower after mixed results; Netflix tumbles
Wall Street's main indexes edged lower on Thursday as investors digested a slew of mixed earnings, while Netflix reported a surprise fall in U.S. subscribers in a downbeat start to results from high-growth companies.

Reuters Business
Jul 18, 2019

Union Pacific quarterly profit beats estimates on price gains
Union Pacific Corp on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised prices to overcome the effects of severe flooding in the Midwest and ongoing U.S.-China trade tensions.

Reuters Business
Jul 18, 2019

UnitedHealth boosts earnings forecast, set to pass price discounts to patients
UnitedHealth Group Inc will stick with its decision to pass on drug maker discounts to patients to help them beat rising medicine prices despite the U.S. government having withdrawn a similar proposed policy in its health programs, its top executive said on Thursday.

Reuters Business
Jul 18, 2019

Blackstone reports better-than-expected second-quarter distributable earnings
Blackstone Group Inc , the world's largest manager of alternative assets such as private equity and real estate, said on Thursday its distributable earnings in the second quarter rose 1% year-on-year, more than most analysts expected.

Reuters Business
Jul 18, 2019

Oil falls as U.S. Gulf oil platforms return to service
Oil fell more than 1.5% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week's hurricane in the region.

Reuters Business
Jul 18, 2019

Justice Department may sue to block Sprint, T-Mobile merger: CNBC
The U.S. Justice Department would sue to block the merger of T-Mobile US Inc and Sprint Corp if the parties do not settle next week, CNBC reported on Thursday, citing sources.

Reuters Business
Jul 18, 2019

Evercore set to lose out as Aramco reshuffles IPO roles: sources
Boutique investment bank Evercore Partners has lost the chance to retain a prime position as an independent advisor for Saudi Aramco's potential $100 billion share sale, as the oil giant revives its postponed listing, three sources said.

Reuters Business
Jul 18, 2019

Wall St. dips as trade worries weigh; Netflix tumbles
U.S. stock indexes edged lower on Thursday as investors awaited more developments around trade, while Netflix posted a surprise drop in U.S. subscribers, kicking off earnings for the FAANG group of stocks on a sour note.

Reuters Business
Jul 18, 2019

Wall Street opens lower as Netflix plunges
U.S. stocks opened lower on Thursday as shares of streaming pioneer Netflix tumbled, kicking off earnings for the FAANG group of stocks on a sour note.

Reuters Business
Jul 18, 2019

Airbus closes in on Air France jetliner deal: sources
Airbus is close to a deal worth billions of dollars to sell dozens of A320neo-family and smaller A220 aircraft to Air France as the French network carries out a keenly awaited renewal of its medium-haul fleet, industry sources said.

Reuters Business
Jul 18, 2019

Oil steadies, shrugging off Iran's seizure of tanker in Gulf
Oil initially rose more than 1% on Thursday after Iran said it had seized a foreign tanker in the Gulf, but prices gradually lost their gains as it emerged that the vessel had only a small cargo and was detained on Sunday for fuel smuggling.

Reuters Business
Jul 18, 2019

Morgan Stanley profit beats on wealth management gains, lower expenses
Morgan Stanley reported a drop in quarterly profit but beat analysts' expectations on gains in its wealth-management business and lower expenses.

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