Wednesday 14 February 2018

Cisco beats estimates, boosts buyback program by $25 billion

Cisco beats estimates, boosts buyback program by $25 billion

(Reuters) - Cisco Systems Inc reported its first rise in quarterly revenue in more than two years, which also topped analysts' estimates, as the network gear maker's years-long efforts to transition to a software-focused company begins to take hold.

Berkshire buys Teva, bites more Apple, feels IBM blues

(Reuters) - Warren Buffett's Berkshire Hathaway Inc on Wednesday said it has taken a new stake in Teva Pharmaceutical Industries Ltd , significantly boosted its holdings of Apple Inc and has nearly shed a less successful investment in IBM Corp .

What inflation? Apple and Facebook drive Wall Street rally

(Reuters) - Wall Street surged on Wednesday as investors shrugged off stronger-than-expected inflation data and snapped up shares of Facebook, Amazon.com and Apple.

Rise in U.S. inflation puts spotlight on Fed's Powell

WASHINGTON (Reuters) - U.S. consumer prices rose more than expected in January as Americans paid more for gasoline, rental accommodation and healthcare, raising pressure on new Federal Reserve chief Jerome Powell to prevent a possible overheating of the economy.

More banks joining $14 billion debt for Blackstone's TR unit buy

LONDON (Reuters) - More banks are poised to join a $14 billion financing backing U.S. private equity firm Blackstone Group's acquisition of a majority stake in the Financial and Risk business of Thomson Reuters Corp , banking sources said on Wednesday.

Marriott quarterly revenue rises 7.7 percent

(Reuters) - Marriott International Inc reported a 7.7 percent rise in fourth-quarter revenue as more people booked its rooms at higher prices, helping the company reaffirm its 2018 forecast for a key performance metric.

Exclusive: Russia's En+ invites banks to pitch for $1 billion share sale - sources

LONDON/MOSCOW (Reuters) - Russia's En+ Group has invited international banks to pitch for the sale of $1 billion(721.60 million pounds) of shares in the company that manages the aluminum and hydropower businesses of Russian businessmen Oleg Deripaska, three sources said.

Charlie Munger urges regulators to ease off Wells Fargo, blasts bitcoin

(Reuters) - Charlie Munger, the longtime business partner of fellow billionaire Warren Buffett, said on Wednesday it is time for regulators to "let up" on Wells Fargo & Co , which will end up "better off" as it corrects a series of mistakes in how it treated banking customers.

GE's chief communications officer Deirdre Latour to leave company

(Reuters) - General Electric Co said on Wednesday that its chief communications officer and senior adviser, Deirdre Latour, would be leaving the company in mid-March to pursue other opportunities.

Airbus names Safran executive as head of helicopter unit

BERLIN (Reuters) - Airbus Group said on Wednesday it has appointed Bruno Even as head of its helicopter division, effective from April 1.

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