Reuters - Business Today

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Tuesday, January 23, 2018

U.S. funding deal keep stocks bulls on the charge

LONDON (Reuters) - World stocks clocked up their 13th record high of the year on Tuesday, as relief at a temporary U.S. government funding deal boosted already sky-high confidence about global growth and corporate earnings.

Trump slaps steep U.S. tariffs on imported washers, solar panels

WASHINGTON/LOS ANGELES (Reuters) - U.S. President Donald Trump slapped steep tariffs on imported washing machines and solar panels on Monday, giving a boost to Whirlpool Corp and dealing a setback to the renewable energy industry in the first of several potential trade restrictions.

J&J reports quarterly loss on $13.6 billion tax charge

(Reuters) - Johnson & Johnson reported a quarterly loss due to a $13.6 billion charge related to the new U.S. tax law, but beat adjusted quarterly profit estimate on strong demand for new cancer drugs and gains from its Actelion acquisition.

JPMorgan rolls out $20 billion investment plan after tax law gains

(Reuters) - JPMorgan Chase & Co unveiled a $20 billion investment plan on Tuesday to increase wages, hire more, open new branches and expand its business as it takes advantage of sweeping changes to the U.S. tax law and improved regulatory environment.

P&G profit falls on beauty brands sale, tax charge

(Reuters) - Procter & Gamble Co reported a 68 percent drop in quarterly profit on Tuesday, due to the sale of a chunk of its beauty brands to Coty Inc last fiscal year and a charge related to the recent U.S. tax overhaul.

Apple launches HomePod smart speaker sales from January 26

(Reuters) - Apple Inc will start taking online orders for its HomePod smart speaker from Jan. 26 in the United States, United Kingdom and Australia, just over a month later than initially planned.

Futures higher on strong earnings, global growth hopes

(Reuters) - U.S. stock futures were slightly higher on Tuesday as a bunch of upbeat corporate results and robust global growth expectations lifted sentiment.

Verizon quarterly profit jumps, helped by tax reform

NEW YORK (Reuters) - Verizon Communications Inc on Tuesday reported quarterly revenue that exceeded analyst estimates as phone subscribers grew while tax cuts helped its profits soar, boosting its shares in premarket trading.

UK regulator puts brake on Murdoch's $15.7 billion Sky deal

LONDON (Reuters) - Rupert Murdoch's $15.7 billion takeover of Sky is not in the public interest and should be blocked unless a way is found to prevent the media tycoon from influencing the network's news output, Britain's regulator said.

SocGen CEO expects better market conditions in 2018 and beyond

DAVOS (Reuters) - Societe Generale chief executive Frederic Oudea is "very positive" about the French bank's set-up in capital markets and expects to see better market conditions in 2018 and beyond, he told Reuters on Tuesday.