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U.S. manufacturing output climbs for second month in June

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WASHINGTON (Reuters) – U.S. manufacturing output accelerated in June, climbing for the second straight month, thanks in large part to increased production of motor vehicles and parts. The Federal Reserve said Tuesday manufacturing production rose 0.4% last month, above the 0.2% expected by analysts in a Reuters poll. The June numbers were stronger than the Read More

Wells Fargo posts higher profit on cost controls, rise in loans

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(Reuters) – Wells Fargo & Co (WFC.N) reported higher quarterly profit on Tuesday despite flat revenue as the bank benefited from aggressive cost-cutting. FILE PHOTO: A Wells Fargo ATM machine is shown in Los Angeles, California, U.S. October 19, 2018. REUTERS/Mike Blake/File Photo Revenue declined at Wells’ community bank and wholesale bank as net interest Read More

Johnson & Johnson beats profit estimates on pharma strength, raises sales outlook

1 hour ago DieselGasoil Comments Off on Johnson & Johnson beats profit estimates on pharma strength, raises sales outlook
(Reuters) – Johnson & Johnson (JNJ.N) raised its full-year sales forecast as demand for its cancer drugs Darzalex and Imbruvica helped it exceed estimates for second-quarter profit on Tuesday. The Johnson & Johnson logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 29, Read More

Wells Fargo profit beats estimates on cost controls, rise in loans

1 hour ago DieselGasoil Comments Off on Wells Fargo profit beats estimates on cost controls, rise in loans
FILE PHOTO: A Wells Fargo ATM machine is shown in Los Angeles, California, U.S. October 19, 2018. REUTERS/Mike Blake/File Photo (Reuters) – Wells Fargo & Co (WFC.N) beat analysts’ estimates for quarterly profit on Tuesday, as the fourth-largest U.S. bank benefited from an uptick in lending and aggressive cost cutting. The San Francisco-based lender has Read More

JPMorgan profit beats estimates on strength in consumer banking

2 hours ago DieselGasoil Comments Off on JPMorgan profit beats estimates on strength in consumer banking
(Reuters) – JPMorgan Chase & Co (JPM.N) reported a better-than-expected quarterly profit on Tuesday as higher interest income and a modest increase in loans more than made up for lower activity at the bank’s trading desks. A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in Manhattan, New York, Read More

Domino’s Pizza U.S. same-store sales miss estimates, shares fall 6%

2 hours ago DieselGasoil Comments Off on Domino’s Pizza U.S. same-store sales miss estimates, shares fall 6%
A Domino’s Pizza restaurant is seen in Los Angeles, California, U.S. July 18, 2018. REUTERS/Lucy Nicholson (Reuters) – Domino’s Pizza Inc (DPZ.N) on Tuesday reported second-quarter same-store sales at its U.S. outlets that grew slower than expected as it faced fierce competition from rival pizza chains and third-party delivery companies, sending its shares down about Read More

Goldman Sachs profit hit by weakness in trading, underwriting

2 hours ago DieselGasoil Comments Off on Goldman Sachs profit hit by weakness in trading, underwriting
FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid/File Photo (Reuters) – Goldman Sachs Group Inc (GS.N) reported a 6% fall in quarterly profit on Tuesday as the Wall Street Read More

Oil firms as U.S. supply concerns ease but Iran tension lingers

3 hours ago DieselGasoil Comments Off on Oil firms as U.S. supply concerns ease but Iran tension lingers
LONDON (Reuters) – Oil prices rose on Tuesday as a resumption of output in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply due to shale oil countered tensions in the Middle East. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann Read More

Husqvarna cools on 2019 margin after chill dents lawn mower demand

4 hours ago DieselGasoil Comments Off on Husqvarna cools on 2019 margin after chill dents lawn mower demand
STOCKHOLM (Reuters) – Husqvarna (HUSQb.ST), the world’s biggest maker of garden power tools such as robotic lawn mowers, blamed cold weather for a fall in second-quarter sales and said the dip in demand meant it would probably not achieve its margin target this year. FILE PHOTO: A sign alerts visitors about a presence of Husqvarna Read More

Sports Direct delays results as House of Fraser deal backfires

6 hours ago DieselGasoil Comments Off on Sports Direct delays results as House of Fraser deal backfires
LONDON (Reuters) – British retailer Sports Direct (SPD.L) has delayed publishing its annual results, warning problems integrating its purchase of House of Fraser stores and increased scrutiny of its accounts could affect the financial guidance it gave in December. Shares in the company, controlled by Newcastle United soccer club owner Mike Ashley, dropped as much Read More