Reuters - Business Today

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Friday, January 26, 2018

Stock futures pare gains after GDP data

(Reuters) - Stock futures pared gains on Friday after data showed U.S. economic growth unexpectedly slowed in the fourth quarter.

Honeywell raises 2018 profit forecast on tax benefit

(Reuters) - U.S. industrial conglomerate Honeywell International Inc reported a better-than-expected quarterly profit on Friday and raised its 2018 earnings forecast, citing lower tax rates.

U.S. economic growth slows in fourth-quarter on surging imports

WASHINGTON (Reuters) - U.S. economic growth unexpectedly slowed in the fourth quarter as the strongest pace of consumer spending in three years resulted in a surge in imports.

U.S. wage growth, tax-bonuses spark shopping in retail stocks

NEW YORK (Reuters) - U.S. fund managers are betting that rising wages and the effects of the Republican-led corporate tax cut will prove a lifeline to middle-market retailers who have struggled to remain relevant in the age of Amazon.

Shell buying spree cranks up race for clean energy

LONDON (Reuters) - Royal Dutch Shell has spent over $400 million on a range of acquisitions in recent weeks, from solar power to electric car charging points, cranking up its drive to expand beyond its oil and gas business and reduce its carbon footprint.

Intel shares hit dotcom-era highs on robust data center demand

(Reuters) - Intel Inc's shares rose 6 percent on Friday to levels last seen during the dotcom boom 17 years ago, after strong results offered the clearest sign yet that its years-long effort to shift away from a slowing PC business was paying off.

Colgate-Palmolive quarterly sales miss estimates

(Reuters) - Colgate-Palmolive Co reported on Friday lower -than-expected sales on slower growth and a drop in profit on a charge related to the new U.S. tax law.

BAML expects muted growth at ad agencies

(Reuters) - Bank of America Merrill Lynch (BAML) has struck a bearish tone on global ad agencies, seeing three years of muted growth at companies such as WPP , Publicis and Omnicom .

Atlas Copco misses fourth-quarter profit expectations, forecasts stable demand

STOCKHOLM (Reuters) - Atlas Copco on Friday missed fourth quarter profit forecasts and forecast stable demand this quarter, knocking shares in the Swedish engineering company.

World stocks party like its '99, dollar wilts again

LONDON (Reuters) - World stocks were set for their longest weekly winning streak since 1999 on Friday, while the dollar buckled again as its weakest run since 2010 reverberated through almost every major asset class.