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Current feed - Reuters: Business News

U.S. weekly jobless claims post biggest rise in 19 months
The number of Americans filing applications for unemployment benefits increased by the most in 19 months last week, but the underlying trend continued to point to labor market strength.

UK minister: Huawei leaks 'unacceptable', criminal investigation possible
British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation over the "unacceptable" disclosure of confidential discussions on the role of China's Huawei Technologies in 5G network supply chains.

UK government launches leak inquiry over Huawei discussions: report
Britain's government has launched a leak inquiry over the disclosure of confidential discussions about the role of China's Huawei Technologies in 5G network supply chains, according to the PoliticsHome website.

D.R. Horton shares slip as revenue forecast falls short of estimates
D.R. Horton Inc, the biggest U.S. homebuilder, forecast 2019 revenue below Wall Street expectations on Thursday as land and labor shortages continue to constrain the sector, sending its shares down 4 percent.

Tesla junk bond spreads widens to a record after big loss
Investors are demanding a record risk premium for holding Tesla Inc's $1.8 billion junk bond after the electric car maker posted a $700 million first-quarter loss and signaled it may be in the market for more capital soon.

Southwest Airlines profit beats Wall Street estimate on revenue growth
Southwest Airlines Co beat Wall Street's lowered estimates for first-quarter profit on Thursday, as higher passenger revenue reduced the impact of more than 10,000 flight cancellations caused by winter storms, maintenance disruptions and the grounding of Boeing Co 737 MAX jets.

Comcast first quarter profit beats Wall Street, misses on revenue
Comcast Corp reported first-quarter profit on Thursday that beat Wall Street estimates, boosted by strong additions of high-speed internet customers in a quarter that painted another mixed picture for the biggest U.S. cable provider.

Brent oil hits $75 for first time in 2019 as Russian exports cut
Brent oil rose above $75 per barrel on Thursday for the first time this year as quality concerns forced the suspension of some Russian crude exports to Europe while the United States prepared to tighten sanctions on Iran.

Chipotle receives subpoena related to Ohio illness incident
Chipotle Mexican Grill Inc said on Thursday it received another subpoena from U.S. federal prosecutors, seeking information related to an outbreak that left hundreds of people sick last year in an Ohio restaurant.

AbbVie beats estimates as Humira sales fall less than feared
Drugmaker AbbVie Inc's quarterly revenue beat Wall Street estimates on Thursday, as the decline in sales of its blockbuster rheumatoid arthritis drug Humira was not as steep as expected.

 

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