Reuters - Before the Bell

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Tuesday, January 23, 2018

JPMorgan to raise pay, hire staff in $20 billion investment push

(Reuters) - JPMorgan Chase & Co unveiled a $20 billion investment plan on Tuesday that will increase wages, hire more and open new branches, following sweeping changes to the U.S. tax law.

Futures higher on strong earnings, global growth hopes

(Reuters) - U.S. stock futures were slightly higher on Tuesday as a bunch of upbeat corporate results and robust global growth expectations lifted sentiment.

Sainsbury's restructures store management in cost-cutting plan

LONDON (Reuters) - Sainsbury's , Britain's second largest supermarket group, said on Tuesday it would shake up its store management structure as it seeks to achieve targeted cost savings.

J&J results top estimates, takes $13.6 billion tax charge

(Reuters) - Johnson & Johnson reported adjusted quarterly profit and revenue slightly above analysts' expectations on Tuesday, as the healthcare company gained from strong demand for new drugs including cancer and psoriasis treatments.

Verizon quarterly profit jumps, helped by tax reform

NEW YORK (Reuters) - Verizon Communications Inc on Tuesday reported a jump in quarterly profit, helped by tax reform and the addition of phone subscribers.

Trump slaps steep U.S. tariffs on imported washers, solar panels

WASHINGTON/LOS ANGELES (Reuters) - U.S. President Donald Trump slapped steep tariffs on imported washing machines and solar panels on Monday, giving a boost to Whirlpool Corp and dealing a setback to the renewable energy industry in the first of several potential trade restrictions.

U.S. solar panel import tariff to hit European, Asian manufacturers

SINGAPORE/BERLIN (Reuters) - U.S. President Donald Trump's decision to slap tariffs on solar panel imports is a blow to a booming global industry, and hit stocks in European and Asian solar groups on fears their business might suffer.

P&G profit falls due to sale of beauty business, tax charge

(Reuters) - Procter & Gamble Co on Tuesday reported a 68 percent drop in quarterly profit, due to the sale of its beauty brands to Coty Inc and a charge related to the recent U.S. tax overhaul.

Bacardi to buy out Patron tequila in $5.1 billion deal

(Reuters) - Bacardi has agreed to buy out Patron Spirits International in a deal valuing the top high-end tequila maker at $5.1 billion, highlighting the appetite big drinks groups have for the Mexican spirit.

SocGen CEO expects better market conditions in 2018 and beyond

DAVOS (Reuters) - Societe Generale chief executive Frederic Oudea is "very positive" about the French bank's set-up in capital markets and expects to see better market conditions in 2018 and beyond, he told Reuters on Tuesday.