Business

Stock Futures Up After Bank Of America Results

U.S. stock index futures rose on Wednesday, indicating the S&P 500 will build on its biggest gain in nearly a month, after earnings from Bank of America and ahead of data on inflation and manufacturing. Bank of America (BAC.N) shares...

GM Expects Modest Profit Uptick, Flat Margins In 2014

General Motors Co's (GM.N) new executive team expects a slight uptick in pretax profits this year, but said margins likely will remain flat until 2015. A new management team led by Chief Executive Officer Mary Barra and President Dan Ammann...

Intel Not Opening New Chip Factory Heralded By Obama

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Intel Corp (INTC.O), hit by slumping personal computer sales, has put off opening a major chip factory that President Barack Obama once held up as an example of U.S. manufacturing potential. The "Fab 42" facility built in Chandler, Arizona, originally...

Stock Futures Climb After Selloff, JPMorgan Results

U.S. stock index futures advanced on Tuesday, a day after the S&P 500 suffered its biggest drop in two months, as investors digested earnings from JPMorgan and Wells Fargo and prepared for retail sales data. The benchmark S&P index .SPX...

Charter Takes Rejected Time Warner Cable Bid To Investors

Charter Communications Inc on Monday formally offered to acquire larger rival Time Warner Cable for $37.3 billion, sparking what is likely to be a contentious battle for control of the No. 2 U.S. cable operator. Charter, the No. 4 cable...

Earnings Worries Dent Global Stocks

Global shares fell on Tuesday as weak earnings pre-announcements in the United States fuelled worries that the upcoming reporting season may disappoint, leaving some indexes looking expensive after a bumper 2013. The dollar steadied against a basket of six major...

Google Gains Entry To Home And Prized Team With $3.2 Billion Nest Deal

Google Inc took its biggest step to go deeper into consumers' homes, announcing a $3.2 billion deal to buy smart thermostat and smoke alarm-maker Nest Labs Inc, scooping up a promising line of products and a prized design team...

2014: Dangote Cement To Complete Plants Across Africa

BEVERLY HILLS, CA, January 13, (THEWILL) –  In furtherance of Dangote Group’s pan-African expansion drive, not less than five cement plants belonging to Dangote Cement and spread across five countries in Africa will be completed this year, the Company...

Europe Banks Cheer Easing In Leverage Rules, Shares Rally

Deutsche Bank (DBKGn.DE) and Barclays (BARC.L) led European bank stocks on Monday to their highest for nearly three years after regulators watered down new rules aimed at strengthening banks but which could have limited their ability to lend. Sunday's decision...

Japan’s Suntory To Buy U.S. Drinks Group Beam In $16 Billion Deal

Suntory Holdings Ltd SUNTH.UL said on Monday it plans to buy Beam Inc (BEAM.N), paying $13.6 billion in cash for the shares to make the Japanese company the world's third-largest maker of distilled drinks. Including the assumption of Beam's debt,...