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Trump calls for more U.S. auto jobs, factories ahead of CEO meeting

WASHINGTON U.S. President Donald Trump on Tuesday will push the chief executives of General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV to increase production in the United States and boost American employment.

Recent Business News

Verizon earnings and subscriber additions fall short of estimates

Verizon Communications Inc's  quarterly profit fell short of expectations and the No. 1 U.S. wireless carrier added fewer subscribers than anticipated in the fourth quarter as it struggles to fend off rivals in a maturing wireless market.

Tech, Cybersecurity 8:08am EST

Whirlpool to cut 500 EMEA jobs in dryer manufacturing unit

Whirlpool Corp said on Tuesday it would restructure its Europe, Middle East and Africa dryer manufacturing operations, and cut about 500 jobs in the region.

7:03am EST

Citi to make decision on Brexit plans in first half: Europe chief

DUBLIN U.S. bank Citigroup will make a decision on its Brexit contingency plans in the first half of the year and choose from a number of potential EU counties to relocate some investment banking business, the bank's European chief said on Tuesday.

8:07am EST

Alibaba posts 54 percent rise in third-quarter revenue, raises 2017 guidance

Alibaba Group Holding Ltd on Tuesday posted a 54 percent rise in third-quarter revenue, beating analyst estimates, helped by higher sales during its Single's Day shopping event and increased earnings in its cloud and digital media ventures.

7:12am EST

Goldman Sachs files $1 billion countersuit against Indonesian businessman

JAKARTA Goldman Sachs filed a $1 billion counter lawsuit on Tuesday against an Indonesian businessman who is seeking damages from the U.S. bank for conducting what he called "unlawful" trades in the shares of a property firm.

Money, Indonesia 5:11am EST


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