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Wall Street Week Ahead: Doubts increase that first quarter will be earnings low point

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NEW YORK (Reuters) – As Wall Street braces for what may be the first U.S. profit decline since 2016, investors say the first quarter may not mark the low point for 2019 earnings. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 22, 2019. REUTERS/Brendan McDermid In Read More

Former NBA star Shaquille O'Neal joins Papa John's board

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(Reuters) – Pizza chain Papa John’s International Inc, trying to recover from a string of high-profile public relations blunders, on Friday named former basketball star Shaquille O’Neal as its newest board member, brand ambassador and investor. The move highlights the restaurant chain’s attempts to fix its image after its founder, John Schnatter, reportedly used a Read More

GM confirms plans to build new EV, invest $300 million in Michigan plant

9 hours ago DieselGasoil Comments Off on GM confirms plans to build new EV, invest $300 million in Michigan plant
(Reuters) – General Motors Co confirmed on Friday it will invest $300 million in a suburban Detroit assembly plant, adding 400 jobs to build a new Chevrolet electric vehicle. General Motors Chief Executive Officer Mary Barra announces a major investment focused on the development of GM future technologies at the GM Orion Assembly Plant in Read More

Take Five: Take it easy, central banks – World markets themes for the week ahead

10 hours ago DieselGasoil Comments Off on Take Five: Take it easy, central banks – World markets themes for the week ahead
(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis 1/ TAKE IT EASY With the U.S. Federal Reserve well Read More

UK economy dodges no-deal Brexit hit, for now

11 hours ago DieselGasoil Comments Off on UK economy dodges no-deal Brexit hit, for now
LONDON (Reuters) – Britain’s economy has struggled beneath the weight of Brexit uncertainty for nearly three years, but many business leaders would probably be relieved just to have more of the same for the next few months. FILE PHOTO: People walk through the Canary Wharf financial district of London, Britain, December 7, 2018. REUTERS/Simon Dawson Read More

Nike shares dip on North America weakness but Wall Street remains upbeat

12 hours ago DieselGasoil Comments Off on Nike shares dip on North America weakness but Wall Street remains upbeat
(Reuters) – Shares of Nike Inc fell 4 percent on Friday after the sportswear maker’s North America sales fell short of estimates for the first time in a year, but Wall Street analysts seemed more enthused about its new products and online growth. FILE PHOTO: Nike shoes are seen on display in New York, U.S., Read More

Skittish investors pull more than $20 billion from stocks, rush into bonds: BAML

12 hours ago DieselGasoil Comments Off on Skittish investors pull more than $20 billion from stocks, rush into bonds: BAML
LONDON (Reuters) – Global equity funds saw massive outflows this week, a sharp reversal from last week’s inflows as pessimism over economic growth gripped investors once again, driving them instead to search for yield in credit and buy safer assets like bonds. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

NBA star Shaquille O'Neal joins Papa John's board

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FILE PHOTO: Shaquille O’Neal laughs while telling a story during his announcement of his retirement from the National Basketball Association (NBA) at a news conference at his home in Windermere, Florida June 3, 2011. REUTERS/Scott Audette (Reuters) – Pizza chain Papa John’s, trying to bounce back from a series of high-profile PR blunders, on Friday Read More

Apple's iPhone struggles unravel ambitions of Japan Display

19 hours ago DieselGasoil Comments Off on Apple's iPhone struggles unravel ambitions of Japan Display
TOKYO (Reuters) – When Japan Display Inc broke ground on a new factory in central Japan in 2015, the future looked bright for one of the world’s top vendors of liquid crystal display (LCD) panels. Japan Display Inc’s logo is pictured at its headquarters in Tokyo, Japan, August 9, 2016. REUTERS/Kim Kyung-Hoon The plant would Read More

China's auto, internet giants set up 9.76 billion yuan fund to invest in ride-sharing industry

20 hours ago DieselGasoil Comments Off on China's auto, internet giants set up 9.76 billion yuan fund to invest in ride-sharing industry
FILE PHOTO: A man stands near the logo of Alibaba Group at the company’s newly-launched office in Kuala Lumpur, Malaysia June 18, 2018. REUTERS/Lai Seng Sin/File Photo BEIJING (Reuters) – China’s major automobile and internet companies, including Chongqing Changan Automobile, Alibaba and Tencent, are setting up a 9.76 billion yuan ($1.46 billion) joint venture to Read More