Reuters - Business Today

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Tuesday, July 18, 2017

U.S. stock futures flat as investors gauge big companies' earnings

(Reuters) - U.S. stock index futures were little changed on Tuesday as investors waited for earnings from big U.S. companies to set the tone for the markets.

Bank of America beats estimates as higher rates boost revenue

(Reuters) - Bank of America Corp, the second-largest U.S. lender by assets, reported a higher-than-expected quarterly profit on Tuesday as revenue rose in three of its main businesses, more than offsetting a fall in trading.

Goldman's bond trading revenue slumps 40 percent

(Reuters) - Goldman Sachs Group Inc reported a 40 percent slump in bond trading revenue, mirroring a broader weakness in trading activity that has plagued big U.S. banks in the latest quarter.

Fed to announce balance sheet unwind in September, hike rates in fourth quarter: Reuters poll

BENGALURU (Reuters) - The U.S. Federal Reserve will announce plans to shrink its more than $4 trillion balance sheet in September, according to a Reuters poll of economists who also said the central bank will wait until the fourth quarter before raising rates again.

Lockheed Martin beats profit estimates, raises FY forecasts

(Reuters) - Lockheed Martin Corp , the Pentagon's No. 1 weapons supplier, reported a better-than-expected quarterly profit, helped by higher sales in its aeronautics division that makes fighter jets.

Netflix wins international Crown with original shows

(Reuters) - Twenty years after Reed Hastings co-founded Netflix Inc, and a decade after the company introduced video streaming, it hit another milestone - one that is key to its ability to sustain its scorching pace of growth.

U.S. makes lower trade deficit top priority in NAFTA talks

WASHINGTON (Reuters) - The United States on Monday launched the first salvo in the renegotiation of the 23-year-old North American Free Trade Agreement (NAFTA), saying its top priority for the talks was shrinking the U.S. trade deficit with Canada and Mexico.

Johnson & Johnson lifts 2017 profit forecast; second-quarter earnings beat Street

(Reuters) - Johnson & Johnson on Tuesday raised its full-year profit forecast and reported better-than-expected quarterly earnings, helped by strong demand for its newer products.

U.S. hotels bank on loyalty programs in push for direct booking

(Reuters) - Hotel loyalty programs have helped U.S. chains such as Hyatt, Hilton and Marriott score more bookings on their own websites, luring customers from online travel agents that had seen commissions balloon to an estimated $3.5 billion a year.

Porsche may ditch diesel engines: CEO

NUERBURGRING, Germany (Reuters) - Porsche will decide at the end of the decade whether its latest generation of diesel engines will be its last, Chief Executive Oliver Blume told Reuters, the first time a German carmaker has said in public it could discontinue diesel.