[ad_1] U.S. Treasury Secretary Steven Mnuchin (L), a member of the U.S. trade delegation to China, waves to the media as he leaves a hotel in Beijing, China February 13, 2019. REUTERS/Jason Lee BEIJING (Reuters)
Newer businesses drive Cisco’s earnings beat; shares rise
[ad_1] (Reuters) – Cisco Systems Inc on Wednesday reported better-than-expected quarterly earnings and forecast third-quarter revenue above analysts’ estimates, as it benefited from strong growth in its newer applications and security businesses. FILE PHOTO: The
Corrected: AIG swings to loss, hit by catastrophes and volatile market
[ad_1] (Reuters) – American International Group Inc on Wednesday reported a quarterly loss as the insurer was hit with catastrophe losses and made a lower return on investments in a volatile market. FILE PHOTO: The
Goldman Sachs CEO says chance of U.S. recession in 2019 ‘quite small’: CNBC
[ad_1] FILE PHOTO: David M. Solomon, President and Chief Operating Officer, Goldman Sachs, speaks at the Milken Institute’s 21st Global Conference in Beverly Hills, California, U.S. April 30, 2018. REUTERS/Lucy Nicholson/File Photo (Reuters) – Goldman
Wall Street extends gains as trade talks progress
[ad_1] NEW YORK (Reuters) – Wall Street extended its gains on Wednesday as investor optimism was stoked over hopes that the United States and China could iron out a trade deal, and tame inflation data
T-Mobile, Sprint executives face sceptical House panel
[ad_1] WASHINGTON (Reuters) – Executives from T-Mobile US Inc and Sprint Corp faced tough questions from lawmakers on Wednesday about how the companies’ planned merger would affect prices and jobs, especially in rural America. The
Ghosn changes lawyer team, adds hotshot attorney, in change of strategy
[ad_1] TOKYO (Reuters) – Carlos Ghosn’s chief defence attorney Motonari Otsuru resigned and was replaced by a team that includes hotshot lawyer Junichiro Hironaka, in a change of strategy from the ousted Nissan Motor chairman
Oil gains on Saudi output cuts; rally limited by U.S. output
[ad_1] NEW YORK (Reuters) – Oil prices rose 2 percent on Wednesday after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, but swelling U.S.
Exclusive: BT executives knew of accounting fraud in Italy unit – prosecutors
[ad_1] MILAN (Reuters) – A preliminary criminal investigation into an accounting scandal at the Italian unit of British telecom firm BT has alleged that three top executives of the group were aware of bookkeeping fraud
Ford recalls 1.48 million F-150 pickups in North America over transmissions
[ad_1] The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid WASHINGTON (Reuters) – Ford Motor Co said on Wednesday it was recalling about