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Markets

Wells Fargo quarterly profit slumps 55per cent

Wells Fargo & Co reported a 55per cent fall in quarterly profit on Tuesday, as it struggled to grow in a lower interest rate environment and saw a surge in cost stemming from the regulatory fallout of a series of sales scandals.

Markets

Futures pause after rally, JPMorgan results draw cheer

REUTERS: U.S. stock index futures were flat to slightly lower on Tuesday, as investors took a breather following a record rally, even as JPMorgan's quarterly results set a positive tone for big bank earnings. The S&P 500 and the Nasdaq indexes set new all-time highs on Monday, helped by...

Markets

Delta posts profit beat on loyal, new customers as rivals battle 737 MAX crisis

Delta Air Lines Inc posted on Tuesday a fourth-quarter profit that beat Wall Street forecasts, boosted by customers gained from rival airlines' 737 MAX cancellations and what CEO Ed Bastian said was a growing preference for the Delta brand.

Markets

US bike firms face uphill slog to replace Chinese supply chains

When Mehdi Farsi decided to shift production of State Bicycle Co's niche fixed-gear urban bikes out of China to escape U.S. tariffs, it took months to find another factory in Asia willing to do business with his Arizona company.

Markets

Ryanair says could start getting Boeing 737 MAX by April

Ryanair could receive its first deliveries of up to 10 grounded 737 MAX aircraft from Boeing by April, Chief Marketing Officer Kenny Jacobs said on Tuesday, but cautioned the timing was dependent on regulators.

Markets

Lyft forms advisory council to improve platform safety

Lyft Inc is putting together a council of experts to advise the ride-hailing company on its safety initiatives for riders and drivers, it said in a blog post on Tuesday.

Markets

Ryanair says could see first Boeing 737 MAX deliveries in April

Ryanair could receive its first deliveries of up to 10 grounded 737 MAX aircraft from Boeing by April, Chief Marketing Officer Kenny Jacobs said on Tuesday, but cautioned that the timing was dependent on regulators.

Markets

Ford invests US$82 million to expand Vietnamese plant

Ford Motor Co said on Tuesday it is investing US$82 million to expand its plant in eastern Vietnam to boost production capacity.

Markets

BlackRock threatens backlash against firms who delay climate change action

BlackRock Chief Executive Larry Fink has warned company boards to step up efforts to tackle climate change or face increased wrath from investors concerned about how unsustainable business practices might curb their future wealth.

Markets

UK’s Johnson says Huawei critics need to suggest alternatives

British Prime Minister Boris Johnson said those opposed to the use of equipment made by China's Huawei in the UK's new 5G networks need to say what alternative technology should be used instead.

Markets

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