BNY Mellon profit surges 67% on one-time gain
Bank of New York Mellon Corp , the world's largest custodian bank, reported a 67% jump in quarterly profit on Thursday, helped by a one-time gain from the sale of an unspecified equity investment.
Bank of New York Mellon Corp , the world's largest custodian bank, reported a 67% jump in quarterly profit on Thursday, helped by a one-time gain from the sale of an unspecified equity investment.
French carmaker PSA Group said on Thursday global sales fell 10% last year to 3.49 million units, compared with a record 3.88 million in 2018, as it suffered from declining volumes in China, the Middle East and Africa.
U.S. electric car maker Tesla plans to open a design and research center in China to make "Chinese-style" vehicles, the company said in a recruitment notice on its official WeChat account.
Amazon hasn't done India any big favors by investing $1 billion in the country, its trade minister said on Thursday, laying bare the tensions with the U.S. online retail giant during a visit by its CEO Jeff Bezos.
CEO James Gorman said that Morgan Stanley met all of the bank's performance targets.
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Vox Recode | Shirin Ghaffary | Jan 7, 2020 Facebook’s new rules will still allow controversial fake videos like the one of Nancy Pelosi that made her appear to be drunk. Facebook announced late Monday that it would ban “deepfakes,” which are AI-manipulated videos that distort reality, often simulating real people in fake situations. The
Southwest Airlines Co said on Thursday it is extending cancellations of Boeing Co 737 MAX flights until June 6, citing the planemaker's decision to recommend pilot simulator training before resuming flights and uncertainty about when regulators will approve their return to service.
U.S. stocks were poised to open at record highs on Thursday, after the United States and China signed an initial trade agreement and Morgan Stanley wrapped up big bank earnings on a strong note.
World stocks held near record highs on Thursday as some encouraging U.S. data ensured there was no post U.S.-China trade deal hangover for global markets.
Morgan Stanley lifted its performance goals on Thursday after beating Wall Street estimates by a wide margin, the latest sign that Chief Executive James Gorman's strategic vision for the bank is bearing fruit.
Amazon hasn't done India any big favours by announcing a new $1 billion investment, its trade minister said on Thursday, laying bare tensions with the U.S. online retail giant during a visit to the country by its CEO Jeff Bezos.
Volkswagen Chief Executive Herbert Diess said the German carmaker needs to accelerate its transformation to avoid becoming another Nokia , which lost its dominance in the handset market to Apple .
Bank of New York Mellon Corp missed analysts' estimates for quarterly profit on Thursday, as the world's largest custodian bank earned less from its interest-earning assets due to rate cuts by the Federal Reserve.