PNC Financial Services Group Inc on Wednesday posted a better-than-expected fourth-quarter profit, driven by growth in its loan book. Press Release Distribution Service
Target’s holiday comparable sales rose marginally, shares tank
Target Corp on Wednesday missed its own expectations for 2019 holiday season sales, blaming weakness in toys and electronics sales for growth of just 1.4% that sent shares in the retailer sharply lower. Press Release Distribution Service
JPMorgan first major brokerage to rate Saudi Aramco ‘overweight’
JPMorgan is the first major brokerage to initiate coverage of Saudi Aramco with an “overweight”, setting a price target of 37 riyals ($9.86) per share and saying it sees scope for an increase in the energy giant’s proposed $75 billion base dividend. Press Release Distribution Service
BlackRock profit beats as exchange-traded funds boom
BlackRock Inc , the world’s largest asset manager, beat analysts’ estimates for quarterly profit on Wednesday, as more money rolled into its cash management business and exchange-traded funds amid concerns of slowing global growth. Press Release Distribution Service
U.S., China set to sign massive purchases deal, easing trade war
The U.S.-China trade war is set to enter a new, quieter phase on Wednesday as U.S. President Donald Trump and Chinese Vice Premier Liu He sign an initial trade deal that aims to vastly increase Chinese purchases of U.S. manufactured products, agricultural goods, energy and services. Press Release Distribution Service
Record high stocks pause to gauge China-U.S. trade outlook, company earnings
World stocks eased off record highs on Wednesday and U.S. and German bond yields slipped, as euphoria over a U.S.-China trade deal was tempered by U.S. Treasury Secretary Steven Mnuchin saying tariffs on Chinese goods would remain in place for now. Press Release Distribution Service
U.S. judge hears closing arguments in T-Mobile-Sprint merger trial
U.S. wireless carriers T-Mobile US Inc and Sprint Corp are expected to urge a federal judge on Wednesday to let them proceed with their $26.5 billion merger, as a group of states argues the deal violates federal antitrust laws. Press Release Distribution Service
As Aramco hails record IPO, Abu Dhabi’s ADNOC whips up $19 billion
The talk’s all been about Saudi Aramco, and the suspense of its historic drive to whip up international cash. But, more quietly, its Gulf oil peer ADNOC has also been courting foreign funds – and its efforts compare favorably. Press Release Distribution Service
Factbox: Abu Dhabi’s ADNOC attracts billions from foreign investors
Over the past three years, Abu Dhabi National Oil Company (ADNOC) has expanded its oil and gas business and quietly raised more than $19 billion in a variety of ways. See main story: Press Release Distribution Service
BofA gives Saudi Aramco ‘neutral’ rating, 36 riyal price target
BofA Global Research started its coverage of Saudi Arabia’s state oil giant Saudi Aramco with a ‘neutral’ rating on Wednesday, setting a price target of 36 riyals ($9.60) per share and saying its fundamentals were now “fully priced”. Press Release Distribution Service
UnitedHealth quarterly profit beats expectations driven by Optum strength
UnitedHealth Group Inc reported a better-than-expected quarterly profit on Wednesday, as the largest U.S. health insurer benefited from higher revenue from its Optum unit, which includes its pharmacy benefits management business. Press Release Distribution Service
Amazon orders electric vans from Deutsche Post’s StreetScooter
Amazon.com has ordered 40 electric vans from Deutsche Post’s StreetScooter unit for deliveries in the German city of Munich as part of the plan to be carbon neutral by 2040, the online retailer said on Wednesday. Press Release Distribution Service
Oil drops on doubts over demand boost from U.S.-China trade deal
Oil prices slipped on Wednesday on concerns that the Phase 1 trade deal between the United States and China, the world’s biggest oil users, may not boost demand as the United States intends to keep tariffs on Chinese goods until a second phase. Press Release Distribution Service
Ghosn says French envoy told him Nissan was turning against him
Former Nissan chairman Carlos Ghosn, speaking in Beirut after his dramatic escape from Japanese justice, said on Tuesday that the French ambassador had warned him shortly after his arrest that his own company was plotting against him. Press Release Distribution Service
Exclusive: ‘I’m happy he did it’ – in Beirut, wife of fugitive Ghosn slams Japanese justice
Carlos and Carole Ghosn, the former first couple of carmaker Nissan, are united again in Beirut. They hold hands in the street and whisper together in a mix of Arabic and French. They kiss. Press Release Distribution Service
Race to refine: the bid to clean up Africa’s gold rush
In a refinery just outside Uganda’s main airport, workers slip bars of freshly refined gold into clear plastic bags sealed with a sticker of the national flag – black, yellow and red – and the label “Ugandan’s Treasure.” Press Release Distribution Service
What is artisanal gold and why is it booming?
A rapid rise in the price of gold since 2000 has driven millions of people to deposits in Africa, South America and elsewhere where they dig for gold using basic technology. Press Release Distribution Service
Netflix Says It Won’t Show Content In India That Disrespects The Country’s Flag, Hurts Religious Sentiments, Or Promotes Terrorism
The streaming giant, along with eight other streaming services, voluntarily agreed to ban contentious content — but critics say it’s censorship. View Entire Post › Press Release Distribution Service
34 Devastating Stories About How People Are Still Crushed By Medical Debt
Nearly a decade since the Affordable Care Act was signed into law, it is clear that affordability remains a problem in health care — and young Americans especially are feeling the impact. View Entire Post › Press Release Distribution Service
PG&E’s Bankruptcy Could Hurt California’s Aggressive Climate Goals
PG&E’s bankruptcy could have major spillover effects on the solar, wind, and electric car industries. View Entire Post › Press Release Distribution Service
Amazon Dash Buttons Have Been Deemed Illegal In Germany For Giving Shoppers Basically No Information
Amazon’s Dash buttons do not provide enough information about the products that consumers are ordering or the price, the court ruled Thursday. View Entire Post › Press Release Distribution Service
Google’s Board Is Being Sued For Allegedly Silencing Misconduct Claims Against Former Executives
Lawyers say an internal investigation by Google claimed to find bondage videos on former company executive Andy Rubin’s computer. “You won’t believe what’s in these [shareholder] minutes.” View Entire Post › Press Release Distribution Service
