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(Reuters) -Ratings provider S&P Global said on Tuesday it plans to separate its mobility division, which sells data to vehicle manufacturers and automotive suppliers, into a separate public company in an attempt to streamline operations. The New York-based firm said its operations will consist of four core businesses after the separation – S&P Global Market …

S&P Global to separate its mobility division from parent to streamline business Read More »

(Reuters) -Corning forecast second-quarter core sales above Wall Street expectations on Tuesday, aided by strong demand for its optical connectivity products used in AI-related infrastructure. Shares of the company, which also makes Gorilla Glass, rose more than 1% in premarket trading. Corning’s cables and connectors are benefiting from businesses pouring money into new data center …

Corning sees second-quarter core sales above estimates as AI boom aids demand Read More »

(Reuters) -Tobacco company Altria on Tuesday beat first-quarter profit estimates but flagged an $873 million impairment at its e-cigarette business, where shipments dropped 70% amid a patent dispute. Rising demand for its smoking alternatives, such as on! nicotine pouches and NJOY vapes, helped the company counter the impact from lost cigarette sales as smokers shift …

Altria tops quarterly profit estimates, flags $873 million NJOY impairment Read More »

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets A calmer mood has pervaded world markets this week, as a torrent of upcoming U.S. economic health reports and corporate updates are corralling stocks and hopes are rising for trade war de-escalation. …

Morning Bid: Trade fears ebb, Canada’s Carney returns Read More »

By Howard Schneider, Ann Saphir WASHINGTON (Reuters) -Tree trimming season runs 365 days a year in California’s temperate climate and that typically means appointments running three weeks in advance for Christopher Altman, enough to keep a staff of five at his Oakland-based business, Trees Company, steadily employed. But demand cratered in mid-March as national economic …

In a vise of slowing demand and rising costs, small businesses are signaling trouble ahead Read More »

By Nell Mackenzie LONDON (Reuters) -Hedge funds returned into markets last week to buy bank stocks having sold out of positions for eight straight weeks, a Goldman Sachs note shows. Financial firms including U.S. banks became the second-most net bought stock behind real estate this year, said the note released on Friday and seen by …

Hedge funds venture back to markets to buy bank shares, says Goldman Sachs Read More »