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Sterling basks in glow of May's Brexit speech; stocks slip

HONG KONG The British pound consolidated gains on Wednesday after posting its biggest rise in nearly two decades in the previous session, while Asian stocks are set to drift lower following a weak Wall Street.

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Samsung chief Lee arrives for hearing on arrest warrant

SEOUL Samsung Group leader Jay Y. Lee arrived at a prosecutor's office in Seoul on Wednesday en route to a court hearing, where a judge will decide whether he should be arrested over his alleged role in a corruption scandal that has rocked South Korea.

World, Tech 7:32pm EST

Morgan Stanley's profit doubles on bond-trading surge

Morgan Stanley's profit doubled in the fourth quarter as trading activity surged across Wall Street, and the bank said it was on track to reach a number of financial goals set out by Chief Executive James Gorman. | Video

4:33pm EST

Fed's Williams calls for further gradual U.S. rate hikes

SACRAMENTO San Francisco Federal Reserve Bank President John Williams on Tuesday called for gradual U.S. interest-rate hikes over the next few years to keep the economy from overheating and ultimately falling into recession.

7:48pm EST

United Air profit slips 40 percent in fourth quarter

NEW YORK United Continental Holdings Inc on Tuesday reported a 1.6 percent decline in its fourth-quarter passenger unit revenue, a closely watched metric, outperforming the airline company's initial guidance on the measure as its net profit slipped 39.8 percent.

6:06pm EST

Cameco expects to report net loss for 2016, cut jobs at uranium mines

Canadian uranium producer Cameco Corp on Tuesday said it expected its 2016 adjusted profit to be significantly lower than analysts' estimates and also said it would cut 120 jobs at three of its uranium mines in 2017.

7:35pm EST


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