Reuters - Business Today

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Wednesday, January 24, 2018

U.S. defends America First agenda ahead of Trump visit to Davos

DAVOS, Switzerland (Reuters) - Senior U.S. officials hit back on Wednesday against suggestions that Donald Trump's "America First" agenda was hurting globalization and trade, setting an aggressive tone ahead of the U.S. president's visit to the World Economic Forum.

GE posts $10 billion loss, sales drop as power weakens

(Reuters) - General Electric Co forecast further weakening of its troubled power business on Wednesday as it reported a $10 billion loss and a 5-percent fall in revenue in the fourth quarter, driven by previously-announced charges for insurance losses and taxes.

Comcast beats profit estimates even as it loses video subscribers

NEW YORK (Reuters) - Top U.S. cable provider Comcast Corp's adjusted quarterly profit exceeded analyst estimates on Wednesday, helped by more high-speed internet customers and greater theme-park revenue.

Dollar slides on U.S. Mnuchin remarks, booming Europe

LONDON (Reuters) - The U.S. dollar hit new lows on Wednesday after U.S. Treasury Secretary Steven Mnuchin said he welcomed its weakness and figures showed that the euro zone economy started the year at its strongest pace in over a decade.

Apple adds new features to show battery health

(Reuters) - Apple Inc on Wednesday said iOS 11.3 added new features to show battery health and recommend if a battery needs to be serviced.

Futures rise as earnings from industrial giants roll in

(Reuters) - U.S. stock futures pointed to a positive open for Wall Street on Wednesday as a string of earnings from industrial giants buoyed market sentiment.

Abbott results beat on strong medical device business

(Reuters) - Abbott Laboratories' fourth-quarter results topped analysts' estimates on Wednesday, boosted by strong sales in its medical devices and generics businesses.

United Tech's forecast lifted by buoyant commercial jet market

(Reuters) - U.S. manufacturer United Technologies Corp reported better-than-expected quarterly revenue and forecast higher profit for the full year on Wednesday, benefiting from a record year for the commercial jet market.

Credit Suisse CEO says year off to good start

ZURICH (Reuters) - The year has got off to a good start as the U.S. economy performs well and market volatility picks up, Credit Suisse Chief Executive Tidjane Thiam said on Wednesday.

EU fines chipmaker Qualcomm $1.2 billion over exclusivity deal with Apple

BRUSSELS (Reuters) - U.S. chipmaker Qualcomm was hit with a 997 million euro ($1.23 billion) fine by EU antitrust regulators on Wednesday for paying Apple to only use its chips, blocking out rivals such as Intel.