January 16, 2019

Ferrari chairman reiterates support for CEO Camilleri

John Elkann, chairman of Ferrari and main shareholder Exor , reiterated his support for Ferrari chief executive Louis Camilleri, denying speculation a top management purge could […]
January 16, 2019

Ford sees weaker-than-expected fourth quarter, uncertainty in 2019

Ford Motor Co forecast a weaker-than-expected fourth quarter profit, and said on Wednesday tariffs could erode 2019 earnings by about $700 million, sending its shares down […]
January 16, 2019

Companies cry out for Brexit clarity, warn on no-deal

Furious companies facing weeks more uncertainty over an ever closer Brexit lashed out at politicians on Wednesday, and warned of chaos at ports and catastrophic job […]
January 16, 2019

Wall Street rises at open on BofA, Goldman earnings boost

U.S. stocks opened higher on Wednesday, boosted by financial stocks after strong earnings from Goldman Sachs and Bank of America. Powered by WPeMatico
January 16, 2019

U.S. start-up CommonGrounds raises $100 million, unveils ‘hackable’ shared office

CommonGrounds, a California start-up trying to carve out a niche in the crowded flexible workspace sector with movable office walls, has raised $100 million from three […]
January 16, 2019

BofA’s loan growth powers better-than-expected profit

Bank of America Corp’s quarterly profit topped analyst estimates on Wednesday as its growing loan book helped it ride out year-end market volatility. Powered by WPeMatico
January 16, 2019

Goldman’s revenue beat powered by M&A bankers, equity traders

Goldman Sachs topped analysts’ revenue estimates on Wednesday as strength in its equities desk and M&A advisory cushioned losses from bond trading, making it the only […]
January 16, 2019

Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid: sources

Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, […]
January 16, 2019

Oil firm as supply cuts point to tighter market despite weakening economy

Oil prices firmed on Wednesday after climbing about 3 percent in the previous session as expectations that OPEC-led supply cuts will tighten markets despite signs of […]
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