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→  August 7, 2018

MILAN (Reuters) – Italy’s UniCredit has stopped using Facebook for advertising and marketing campaigns and will not do so again until the U.S. giant improves its ethical standards, the bank’s CEO said on Tuesday. “Facebook is not acting in an ethical way… We will not use it until it has proper ethical behavior,” Jean Pierre […]

→  August 6, 2018

(Reuters) – Goldman Sachs (GS.N) on Monday named Jim Esposito global co-head of the Wall Street bank’s trading division, according to an internal memo seen by Reuters. Esposito, who will continue to be based in London, will join Ashok Varadhan to lead the fixed income, currency and commodities (FICC) and equities businesses, the bank said. […]

→  August 5, 2018

JAKARTA (Reuters) – Indonesia lobbied visiting U.S. Secretary of State Mike Pompeo to keep the Southeast Asian nation on a list of countries that receive preferential trade terms, its foreign and trade ministers said on Sunday. “President Joko Widodo has delivered Indonesia’s hope that the U.S. will maintain the country’s GSP (Generalized System of Preferences) […]

→  August 4, 2018

(Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said quarterly operating profit rose 67 percent, as insurance underwriting rebounded and several business units benefited from a growing economy. Results easily topped analyst forecasts. Underwriting profit at the Geico auto insurance unit more than quintupled, the BNSF railroad benefited from […]

→  August 3, 2018

WASHINGTON (Reuters) – U.S. job growth slowed more than expected in July as employment in the transportation and utilities sectors fell, but a drop in the unemployment rate suggested that the labor market was tightening. Nonfarm payrolls increased by 157,000 jobs last month, the Labor Department said on Friday. The economy created 59,000 more jobs […]

→  August 2, 2018

(Reuters) – Kellogg Co (K.N) reported lower-than-expected quarterly profit margins on Thursday as the cereal maker spent more on marketing and transportation and had to cut prices on snack foods after it stopped distributing them directly to U.S. retailers. The Battle Creek, Michigan-based company switched to its more widely used warehouse model last year to […]

→  August 1, 2018

DETROIT (Reuters) – Major automakers on Wednesday reported lower U.S. new vehicle sales for July amid steep declines in passenger cars, except Fiat Chrysler Automobiles NV (FCA) (FCHA.MI) (FCAU.N), which said its sales climbed 6 percent. U.S. consumers have been shifting rapidly away from traditional passenger cars in favor of larger, more comfortable SUVs and […]

→  July 31, 2018

(Reuters) – Pfizer Inc (PFE.N) lowered its revenue forecast for this year, blaming the stronger dollar, and increased its planned spending on research and development, as the drugmaker works to launch new drugs to replace declining sales from its established products like Viagra. Shares of Pfizer, which retreated from planned drug price increases earlier this […]

→  July 30, 2018

LONDON (Reuters) – T-Mobile US (TMUS.O) named Nokia (NOKIA.HE) to supply it with $3.5 billion in next-generation 5G network gear, the firms said on Monday, marking the world’s largest 5G deal so far and concrete evidence of a new wireless upgrade cycle taking root. No.3 U.S. mobile carrier T-Mobile – which in April agreed to […]

→  July 29, 2018

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Sunday that he believes the quickening pace of growth in the nation’s economy in the second quarter will persist for the next few years. “I don’t think this is a one- or two-year phenomenon. I think we definitely are in a period of four or […]