Edition:
United States

Siddharth Cavale

Fiserv to buy First Data for $22 billion to boost payments business

Jan 16 2019

U.S. financial technology provider Fiserv Inc said on Wednesday it had agreed to buy payment processor First Data Corp in a $22 billion all-stock deal, the biggest ever acquisition in the booming market for digital payments.

BofA's loan growth drives better-than-expected profit

Jan 16 2019

Bank of America Corp’s quarterly profit topped analyst estimates on Wednesday as a growing loan book helped it ride out year-end market turbulence, sending the lender's shares up more then 5 percent.

JPMorgan misses fourth-quarter profit estimates as bond trading slumps

Jan 15 2019

JPMorgan Chase & Co missed profit estimates for the fourth quarter as a slump in bond trading revenue overpowered strong consumer loan growth and record revenues. | Video

Citigroup sees $2 billion more revenue from lending in 2019, shares rise

Jan 14 2019

Citigroup Inc said it would earn $2 billion more in revenue from its lending activities this year than in 2018 as it reported better than expected fourth-quarter earnings, sending its shares more than 4 percent higher. | Video

Cyber Monday on track for U.S. online shopping record

Nov 26 2018

Cyber Monday was on track to bring in a record $7.9 billion in U.S. online sales, as millions of shoppers scoured for steep discounts on everything from Lego sets to big-screen TVs. | Video

Coca-Cola proposes energy drinks in clash with Monster Beverage

Nov 08 2018

Coca-Cola Co is planning to launch a range of energy drinks for the first time on its own brand name as it intensifies efforts to break away from its traditional fizzy sodas and shift to health-focused trends.

Travelers braces for Hurricane Michael losses as third-quarter profit doubles

Oct 18 2018

Travelers Corp is girding for "significant" losses from Hurricane Michael, which caused destruction in Florida and six other U.S. states this month, Chief Financial Officer Daniel Frey said on Thursday.

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