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Wells Fargo quarterly profit slumps as legal costs mount

Wells Fargo & Co reported a 55% slump in fourth-quarter profit on Tuesday, as the fallout from a sales scandal that erupted in 2016 drove the banRead More

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Reuters: Business News

CEO says Bank of America aims to 'double' New! 2020-01-19 16:07:09Brian Moynihan, the chief executive officer of Bank of America Corp , has said the bank could double its consumer market share in the United States de

JPMorgan to buy Paris building to bring euro New! 2020-01-19 15:21:45U.S. bank JPMorgan Chase & Co said it plans to buy a building in central Paris to house up to 450 staff in coming years, as it relocates some ser

Mexican official eyes stronger ties with China after New! 2020-01-19 13:57:56Mexico should move to deepen its economic ties with China after U.S. congressional approval of a new North American trade deal, a senior Mexican offic

Tesla moves a step closer to opening first New! 2020-01-19 11:57:02U.S. electric car pioneer Tesla has agreed to buy a property on the outskirts of Berlin, bringing it a step closer to opening its first European fact

EU industry chief dismisses fears strict security rules New! 2020-01-19 11:09:55European industrial policy chief Thierry Breton dismissed claims that relying on European companies to build a 5G network would delay its rollout, wei

Founder of South Korean retail giant Lotte dies New! 2020-01-19 05:25:34Lotte Group founder Shin Kyuk-ho, who started manufacturing chewing gum in 1948 in Japan and built the business into South Korea's No.5 conglomerate

China will increase imports from U.S. according to New! 2020-01-19 03:12:05China will negotiate with American companies and increase imports of U.S. goods and products according to market principles, an official with its stat

German cabin crew union plans further strikes at 2020-01-18 15:12:33German cabin crew union UFO said on Saturday it was planning further strikes at Lufthansa to increase pressure on management after talks with Germany

"You're stealing our water": Germans protest against Tesla 2020-01-18 14:33:34Around 250 Germans on Saturday protested in the outskirts of Berlin where electric car startup Tesla is planning to build a gigafactory, saying its co

With market at record highs, eyes on reports 2020-01-18 09:42:17Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors

Nokia October warning investigated by local FSA: newspaper 2020-01-18 07:04:17Finland's Financial Supervisory Authority (FSA) has started an investigation into Nokia's sharp profit warning in October which sent its shares mor

Morgan Stanley CEO Gorman's total 2019 pay falls 2020-01-17 18:54:24Morgan Stanley Chief Executive James Gorman is receiving $27 million in total compensation in 2019, nearly 7% less than what he got the year before,

BBC News - Business

Flybe tight-lipped over collapse threat 2020-01-13 07:13:32Flights by the airline continue as it declines to discuss reports that it is seeking a rescue deal.

Weak November weighs on UK growth 2020-01-13 06:37:54Official statistics show the economy grew by just 0.1% in the three months to November.

Former Boeing chief Dennis Muilenburg leaves with $62m 2020-01-13 04:52:25The company fired Mr Muilenburg last month following two deadly crashes involving its 737 Max plane.

BBC World News business headlines 2020-01-13 02:17:16The latest international business headlines from BBC World News.

Yusaku Maezawa: Japanese billionaire seeks 'life partner' for 2020-01-12 22:07:57Yusaku Maezawa appeals for a "life partner" to join him on Space X's maiden Moon voyage in 2023.

Department store Beales warns of collapse risk 2020-01-12 11:01:24Beales says 22 stores and 1,000 jobs are at risk if it cannot find a buyer.

Bank of England policymaker hints at possible rate 2020-01-12 10:19:34Gertjan Vlieghe would consider lowering rates depending on the strength of the post-election economy.

India's first trans queen: 'Show yourself loud and 2020-01-10 19:14:55Nitasha Biswas won India's first transgender beauty pageant and now campaigns for transgender rights.

Boeing faces fine for 737 Max plane 'designed 2020-01-10 18:02:02Regulators accuse Boeing of fitting defective parts as internal memos raise 737 Max safety questions.

Mothercare staff: 'We're devastated, it was our family' 2020-01-10 17:06:41Hundreds of British shops will shut for the final time this weekend, including the final Mothercare stores.

'Absurd' leasehold pricing should stop, say campaigners 2020-01-10 17:06:09The Law Commission has stopped short of suggesting leaseholds be scrapped in a report

Sweden sees rare fall in air passengers, as 2020-01-10 11:38:26Passengers flying via Swedish airports fell 4% in 2019, airport operators Swedavia say.


Western firms have little to lose from a 2020-01-10 19:00:00With the exception of a few highly exposed companies in a handful of industries

Lost in the Amazon jungle 2020-01-10 19:00:00A missed chance to scrutinise the retail giant

Autostrade risks losing its motorways 2020-01-10 19:00:00Italy is going after its biggest operator of toll roads and bridges

Carlos Ghosn speaks in Beirut 2020-01-10 19:00:00The former boss of Renault and Nissan presented new details of his defence against charges of financial wrongdoing

A revival is under way in the chip 2020-01-10 19:00:00The high-tech industry is as cyclical as any commodity

Life is getting harder for foreign VCs in 2020-01-10 19:00:00They must contend with mature homegrown rivals and skittish American investors

The last GE Man 2020-01-10 19:00:00Can a new boss salvage the reputation of Boeing—and of his mentor, Jack Welch?

Carlos Ghosn lambasts the Japanese justice system he 2020-01-08 00:00:00At a two-hour press conference in Beirut, the car boss sheds more heat than light

Cloning Tesla: electric-vehicle wars in China 2020-01-03 19:00:00Why Elon Musk has learned to love China

Tencent buys a stake in Universal Music 2020-01-02 10:50:21Streaming has turned the music business around in recent years

LG, South Korea’s cuddliest chaebol, wants a sharper 2020-01-02 10:50:21Can a newfound appetite for risk help it take on Samsung?

Despite political woes, America Inc is still thriving 2020-01-02 10:50:21Trade wars aren’t the only complications multinationals face there

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