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Carlos Ghosn sues Nissan-Mitsubishi in the Netherlands: paper

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FILE PHOTO: Former Nissan Motor Chariman Carlos Ghosn leaves the Tokyo Detention House in Tokyo, Japan April 25, 2019. REUTERS/Issei Kato AMSTERDAM (Reuters) – Carlos Ghosn has launched a court case in the Netherlands against Japanese carmakers Nissan Motor (7201.T) and Mitsubishi Motors (7211.T), who ousted him as chairman of their alliance last year on Read More

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

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(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

Wall St. rises on Microsoft’s beat, rate cut euphoria

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(Reuters) – U.S. stock indexes advanced on Friday as solid results from Microsoft lifted technology stocks and added to an upbeat mood following signs from New York Fed President John Williams that the central bank would lower interest rates this month. Traders walk on the floor of the New York Stock Exchange (NYSE) in New Read More

BlackRock profit misses estimates, hit by lower fees for lending stocks

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NEW YORK (Reuters) – BlackRock Inc (BLK.N), the world’s largest asset manager, took in less cash last quarter as investors moved into lower-cost bond funds, and it made less money lending out stocks. The BlackRock logo is seen at the BlackRock Japan headquarters in Tokyo, Japan, October 20, 2016. REUTERS/Toru Hanai The company, manager of Read More

The number of electric utility rate cases increased in 2018

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July 19, 2019 Source: U.S. Energy Information Administration, based on data from S&P Global Rate Case Database and the University of Texas, Austin Energy Institute In 2018, 89 utilities—or nearly half of all major U.S. electric utilities—tried to change electricity rates by filing rate cases with state regulatory commissions; this number was the largest number Read More

AmEx beats profit on higher card spending; expenses a worry

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FILE PHOTO: American Express logo and trading symbol are displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., December 6, 2017. REUTERS/Brendan McDermid (Reuters) – Credit card issuer American Express Co (AXP.N) beat analysts’ estimates for quarterly profit on Friday, as a healthy U.S. economy fueled higher spending by Read More

Pulse Seismic Inc. Reports Q2 2019 Results

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CALGARY, Alberta, July 18, 2019 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or “the Company”) is pleased to report its financial and operating results for the three and six months ended June 30, 2019. The unaudited condensed consolidated interim financial statements, accompanying notes and MD&A are being filed on SEDAR (www.sedar.com) and will Read More

Union Pacific cost cuts sheltered profit amid freight slowdown

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(Reuters) – Union Pacific Corp (UNP.N) on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised rates to overcome disruptions from record floods in the Midwest and ongoing U.S.-China trade tensions. FILE PHOTO: Locomotives at Union Pacific’s Engelwood rail yard wait to return to service Read More

Petroteq Announces Effectiveness of Form 10 Registration Statement

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Sherman Oaks, CA, July 18, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE —Petroteq Energy Inc.(“Petroteq” or the “Company”) (TSXV:PQE;OTC:PQEFF;FSE: PQCF), a fully integrated oil and gas company,announced today that its Form 10 Registration Statement as filed with the U.S. Securities and Exchange Commission(the “SEC”) became effective on July 12, 2019.  Following the effective date, the Company will be Read More

Morgan Stanley reports drop in profit, but wealth management gains

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(Reuters) – Morgan Stanley (MS.N) reported a drop in quarterly profit Thursday, hit by lower market activity amid global trade tensions and expectations for U.S. interest rate cuts. FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo It was the last big U.S. Read More