Reuters - Before the Bell

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Wednesday, January 24, 2018

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.

General Dynamics profit rises 11.6 percent

(Reuters) - General Dynamics Corp , the maker of Gulfstream business jets, reported a 11.6 percent rise in fourth-quarter profit on Wednesday.

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.

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.

GE posts $10 billion loss as quarterly revenue drops 5 percent

(Reuters) - General Electric Co reported a 5-percent fall in revenue and a $10 billion loss for the fourth quarter on Wednesday, driven by an already announced $11-billion charge for insurance losses and taxes.

EU fines Qualcomm $1.2 billion over Apple mobile chip deals

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

Puerto Rico utility sale sets up fight with creditors

NEW YORK (Reuters) - The Puerto Rican governor's plan to privatize PREPA, the island's bankrupt power utility, could herald hard times for holders of its $9 billion in bonds, who are concerned the deal could strip their ability to collect on their investments.

Comcast tops profit estimates even as it sheds video subscribers

NEW YORK (Reuters) - Comcast Corp's adjusted quarterly profit topped Wall Street estimates on Wednesday, helped by more high-speed internet customers and higher theme park revenue.

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.

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.