Tuesday 17 April 2018

United Airlines profit rises with higher fares

United Airlines profit rises with higher fares

NEW YORK (Reuters) - United Airlines on Tuesday said quarterly adjusted net income rose, as higher fares helped offset the costs of fuel and a rash of winter storms.

Arming the world: Inside Trump's 'Buy American' drive to expand weapons exports

WASHINGTON (Reuters) - In a telephone call with the emir of Kuwait in January, U.S. President Donald Trump pressed the Gulf monarch to move forward on a $10 billion fighter jet deal that had been stalled for more than a year.

U.S. to announce new weapons export policy on Thursday: sources

WASHINGTON (Reuters) - A initiative from the administration of U.S. President Donald Trump aimed at boosting arms exports is scheduled to be rolled out on Thursday, two industry sources briefed on the plans said on Tuesday.

IBM reports 5 percent rise in quarterly revenue

(Reuters) - International Business Machines Corp reported a 5 percent rise in first-quarter revenue on Tuesday, benefiting from its shift to cloud computing and security services.

Wall Street rallies as Netflix, UnitedHealth earnings shine

NEW YORK (Reuters) - U.S. stock indexes rallied on Tuesday on broad-based gains while Netflix and UnitedHealth earnings impressed investors and boosted optimism about the U.S. corporate reporting season.

Investor urges Facebook to set up risk oversight committee

(Reuters) - An activist hedge fund that wants Facebook to set up a risk oversight committee asked fellow shareholders on Tuesday to back the proposal, highlighting investor concerns over the company's handling of controversies such as the recent data privacy row.

U.S., Europe shares climb as dollar recovers on data

NEW YORK (Reuters) - U.S. and European shares climbed on Tuesday on corporate results and a renewed appetite for risk, while the dollar climbed off a two-week low and 2-year Treasury yields touched a decade high after economic data supported expectations of further rate hikes by the Federal Reserve.

Starbucks to close 8,000 U.S. stores for one afternoon for racial-bias training

(Reuters) - Starbucks Corp will close 8,000 company-owned U.S. cafes for the afternoon on May 29 to train nearly 175,000 on how to prevent racial discrimination in its stores.

Fed can keep rate hikes gradual without risking inflation: Evans

CHICAGO (Reuters) - The Federal Reserve can stick to a series of gradual U.S. interest-rate increases over the next couple of years without much risk of an unhealthy surge in inflation, Chicago Fed President Charles Evans said on Tuesday.

Fed's Evans says 2.25 percent inflation would not be a problem

CHICAGO (Reuters) - Chicago Federal Reserve Bank President Charles Evans said on Tuesday that it could take a year before U.S. inflation gets to 2 percent sustainably, and that if overshoots slightly, he would not be too worried.

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