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AmEx warns of higher costs as it boosts rewards program, shares fall

2 days ago DieselGasoil Comments Off on AmEx warns of higher costs as it boosts rewards program, shares fall
(Reuters) – American Express Co (AXP.N) warned of higher operating costs this year as the credit card issuer spends heavily on rewards programs to attract customers in an increasingly crowded market, sending its shares down 2.5% on Friday. FILE PHOTO: American Express logo and trading symbol are displayed on a screen at the New York Read More

Aramco IPO bankers question whether deal is worth the effort

2 days ago DieselGasoil Comments Off on Aramco IPO bankers question whether deal is worth the effort
By Nicolas Parasie, Dinesh Nair and Matthew Martin on 7/18/2019 DUBAI (Bloomberg) — When Saudi Arabia announced plans to sell shares in its crown jewel Aramco, international bankers scrambled to get a piece of the action. Three years on, they’re questioning whether what could be the world’s biggest IPO is worth their time and effort. Read More

Wall St. flat as railroads slide after CSX signals trade impact

4 days ago DieselGasoil Comments Off on Wall St. flat as railroads slide after CSX signals trade impact
(Reuters) – U.S. stocks treaded water on Wednesday as trade-related weakness hurt CSX Corp’s profit, leading to a decline in railroad stocks and offsetting gains in shares of Abbott and Qualcomm. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid Shares of CSX Read More

Bank of America trims net interest income guidance

4 days ago DieselGasoil Comments Off on Bank of America trims net interest income guidance
(Reuters) – Bank of America Corp lowered its annual net interest income guidance on Wednesday to reflect a weakened interest rate environment as the second-largest U.S. lender reported higher-than expected earnings fueled by strong consumer trends. A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January Read More

Futures flat as investors weigh bank results

4 days ago DieselGasoil Comments Off on Futures flat as investors weigh bank results
(Reuters) – Worries about the balance of monetary policy and growth kept U.S. stock futures flat on Wednesday, subduing the impact of solid results from Bank of America and a boost for chipmakers from Dutch company ASML. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, Read More

Bank of America profit beats as healthy economy fuels loan growth

4 days ago DieselGasoil Comments Off on Bank of America profit beats as healthy economy fuels loan growth
(Reuters) – Bank of America Corp beat estimates for quarterly profit on Wednesday, as the United States’ second-largest lender’s loan book benefited from a healthy domestic economy. A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri Consumer banking has held up Read More

As steep patent cliff looms, Shionogi moves to develop its own U.S. sales staff

5 days ago DieselGasoil Comments Off on As steep patent cliff looms, Shionogi moves to develop its own U.S. sales staff
TOKYO (Reuters) – For much of its 141-year history, Japan’s Shionogi & Co Ltd (4507.T) has played safe when selling its drugs in the United States and other overseas markets – relying on bigger partners to promote its products and avoiding the cost of maintaining a large sales force. Isao Teshirogi, President and CEO at Read More

Comstock Resources Announces Closing of Covey Park Energy Merger

5 days ago DieselGasoil Comments Off on Comstock Resources Announces Closing of Covey Park Energy Merger
Frisco, TX, July 16, 2019 (GLOBE NEWSWIRE) — COMSTOCK RESOURCES ANNOUNCES CLOSINGOF COVEY PARK ENERGY MERGER FRISCO, TX, July 16, 2019 – Comstock Resources, Inc. (NYSE: CRK) (“Comstock” or the “Company”) today announced that it has closed the previously announced acquisition of Covey Park Energy LLC (“Covey Park”) in a cash and stock merger valued Read More

Wall Street slips as bank earnings, Trump trade comments weigh

5 days ago DieselGasoil Comments Off on Wall Street slips as bank earnings, Trump trade comments weigh
NEW YORK (Reuters) – U.S. stocks edged lower on Tuesday as quarterly results from banks added to concerns about lower interest rates dampening their profits, while comments from U.S. President Donald Trump on trade also dragged down Wall Street’s major indexes. Traders work on the floor at the New York Stock Exchange (NYSE) in New Read More

S&P 500 edges lower after mixed bank earnings, Trump comments

5 days ago DieselGasoil Comments Off on S&P 500 edges lower after mixed bank earnings, Trump comments
NEW YORK (Reuters) – The S&P 500 edged lower on Tuesday as quarterly results from banks added to concerns about lower interest rates dampening profits, while comments from U.S. President Donald Trump on trade also weighed on the benchmark index. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, Read More