United tops 4Q profit forecasts
United Continental Holdings Inc. (UAL) on Tuesday reported fourth-quarter earnings of $397 million. On a per-share basis, the Chicago-based company said it had net income of $1.26. Earnings, adjusted for ...
Obama shortens sentences for 209 inmates, grants pardons to 64 people including retired Gen. James CartwrightWASHINGTON (AP) ? Obama shortens sentences for 209 inmates, grants pardons to 64 people including retired Gen. James Cartwright.
Banks, biotechs lead US stocks lower
Europeans ask May: Where is the give for all this take?By Alastair Macdonald BRUSSELS (Reuters) - European leaders applauded Theresa May for providing clarity by finally outlining her plan for a clean break with the EU, but said she needed to be realistic about the price Britain would pay for leaving. May's vision of a "global Britain" cutting itself off from European Union's single market and launching negotiations on a deep and comprehensive free trade agreement with the bloc is a form of "hard Brexit" continental leaders were prepared for. For months Europeans expressed frustration that British officials would not accept in public that their determination to curb immigration from the continent meant Britain must leave the common market.
France's Hollande told May expects quick start of Brexit negotiations - sourceFrench President Francois Hollande told British Prime Minister Theresa May on Tuesday that negotiations over Britain's exit from the European Union should begin as soon as Britain invokes Article 50, a presidential sources said. Hollande and May held a telephone conversation after she set a course for a clean break with the EU trading bloc in a speech on Tuesday. May said Britain would quit the bloc's single market.
Finance industry's "worst case" on Brexit spurs contingency plansBy Anjuli Davies and Andrew MacAskill LONDON (Reuters) - Britain's financial services will accelerate plans to move some business overseas after Prime Minister Theresa May said on Tuesday the country will quit the European Union's single market. Businesses have been calling for clarity on what Britain's relationship with Europe will be before deciding how to reshape their operations, but most major firms are now set to relocate some business to ensure they can still trade with Europe. London's future as Europe's financial centre is one of the biggest issues in Brexit talks because it is Britain's largest export sector and biggest source of corporate tax revenue.
University of California's Napolitano in hospital for cancer
SAN FRANCISCO (AP) ? University of California President Janet Napolitano, a former U.S. Homeland Security secretary, has been undergoing cancer treatment for five months, the school system said Tuesday, a revelation that came to light only after she was hospitalized with complications.
Trump, Brexit uncertainty hit stocks and dollar, gold jumps
U.S. stocks and the dollar fell while gold and government bonds rose on Tuesday as investors fled for safety after President-elect Donald Trump said the U.S. currency was too strong and they also questioned if his campaign promises would be fulfilled. Meanwhile sterling jumped as Prime Minister Theresa May said Britain would quit the European Union single market when the country leaves the EU. Wall Street was weighed down by the financial sector, and U.S. Treasury prices gained on concerns about protectionist trade policies from Trump who has talked about slamming hefty taxes on importers of goods such as cars.
Obama gives $500 million to climate fund over GOP objectionsWASHINGTON (AP) ? With just three days left in office, the Obama administration has doubled an initial $500 million commitment to a fund that helps developing nations fight climate change and adapt to its consequences.
CSX beats Street 4Q forecasts
CSX Corp. (CSX) on Tuesday reported fourth-quarter net income of $458 million. The Jacksonville, Florida-based company said it had net income of 49 cents per share. Earnings, adjusted for non-recurring ...