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Target's profit outlook sinks retail stocks

Tue, 28 Feb 2017 12:10:02 -0500

(Reuters) - Target Corp shares plunged on Tuesday after executives issued a full-year profit forecast that fell well below analyst estimates and said the retailer would lower prices to compete with deep-discounting rivals.(image)

Wall Street slips ahead of Trump's address to Congress

Tue, 28 Feb 2017 11:35:57 -0500

(Reuters) - U.S. stocks dipped Tuesday morning, dragged down by financial and consumer discretionary shares, with investors awaiting President Donald Trump's first speech to a joint session of Congress.(image)

With businesses split on U.S. border tax, wider reform looks shaky

Tue, 28 Feb 2017 06:19:26 -0500

WASHINGTON (Reuters) - Major U.S. corporations are going to war in Washington over a Republican 'border adjustment' tax proposal meant to boost exports over imports, with lawmakers in Congress coming under pressure from some of the nation's biggest employers.(image)

JPMorgan eyes bigger investor payouts as it nears capital needs

Tue, 28 Feb 2017 11:59:46 -0500

(Reuters) - No. 1 U.S. bank JPMorgan Chase & Co may return more money to shareholders than it earns over the next few years, it forecast on Tuesday, an encouraging sign for investors who have been waiting for richer dividends and share repurchases.(image)

TransCanada's U.S. Keystone XL lawsuit suspended: arbitration court

Tue, 28 Feb 2017 11:22:34 -0500

CALGARY, Alberta (Reuters) - TransCanada Corp has suspended a $15 billion suit filed against the United States over the Keystone XL pipeline after U.S. President Donald Trump approved the project last month.(image)

U.S. economy slows in the fourth-quarter; consumer spending remains bright spot

Tue, 28 Feb 2017 10:02:23 -0500

WASHINGTON (Reuters) - U.S. economic growth slowed in the fourth quarter as previously reported, with robust consumer spending offset by downward revisions to business and government investment.(image)

Wilbur Ross sworn in as secretary of commerce

Tue, 28 Feb 2017 11:36:09 -0500

WASHINGTON (Reuters) - Billionaire investor Wilbur Ross was sworn in as U.S. commerce secretary on Tuesday after helping shape Republican President Donald Trump's opposition to multilateral trade deals.(image)

Comcast to buy remaining 49 percent stake in Universal Studios Japan

Tue, 28 Feb 2017 10:54:30 -0500

(Reuters) - Comcast Corp said on Tuesday it would buy the 49 percent it does not already own in Universal Studios Japan (USJ) for 254.8 billion yen ($2.27 billion) as the No. 1 U.S. cable operator seeks to expand its Asian theme parks business.(image)

EU parliament says governments delayed new rules on car emissions

Tue, 28 Feb 2017 11:28:40 -0500

BRUSSELS (Reuters) - European governments delayed stricter car engine emissions tests by six years and did not do enough to uncover cheating by car manufacturers, a European Parliament report into the dieselgate scandal said on Tuesday.(image)

Welcome or not, ECB buying crushes German two-year bond yields

Tue, 28 Feb 2017 11:14:09 -0500

LONDON (Reuters) - Germany's record low short-term borrowing costs have further to fall as the ECB, faced with a scarcity of eligible bonds for its monetary stimulus program, takes advantage of recent rule tweaks to buy more shorter-dated paper.(image)