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CarMax posts quarterly loss on goodwill charge, weak used-car demand

CarMax posts quarterly loss on goodwill charge, weak used-car demand

April 14 (Reuters) - Used car retailer CarMax reported a fourth-quarter loss on Tuesday, hurt by a goodwill impairment charge and shrinking margins from used vehicles. Shares of the Richmond, Virginia-based company fell 6.8% in premarket trading.

Netflix to refocus on ads, content after failed Warner Bros bid

Netflix to refocus on ads, content after failed Warner Bros bid

By Harshita Mary Varghese and Kritika Lamba April 15 (Reuters) - Investors will look for Netflix to emphasize content spending and ad business growth as key drivers when it reports quarterly earnings on Thursday, marking the streaming giant's first results since its failed bid for Warner Bros

PNC Financial profit jumps on FirstBank buy, strong loan growth

PNC Financial profit jumps on FirstBank buy, strong loan growth

April 15 (Reuters) - PNC Financial posted an 18% jump in first-quarter profit on Wednesday, buoyed by the acquisition of regional lender FirstBank and strong loan growth.

Wall Street bank earnings in five charts as volatile markets take center stage

Wall Street bank earnings in five charts as volatile markets take center stage

By Manya Saini April 16 (Reuters) - Major U.S. banks delivered a split picture this week, as Middle East-linked market volatility lifted trading in the first quarter but clouded dealmaking prospects.

Citi profit jumps 42% as market volatility lifts trading revenue

Citi profit jumps 42% as market volatility lifts trading revenue

By Tatiana Bautzer and Prakhar Srivastava April 14 (Reuters) - Citigroup's first-quarter profit rose 42% as geopolitical tensions fueled market volatility and trading revenue, while strong dealmaking buoyed investment banking fees.

S&P 500 hits first intraday record high since US-Iran war

S&P 500 hits first intraday record high since US-Iran war

April 15 (Reuters) - The S&P 500 touched an intraday record high on Wednesday, its first since the U.S.-Iran conflict began, as hopes of a de-escalation in the war and robust earnings expectations drew investors back into risk assets.

Morgan Stanley's profit rises on dealmaking, trading boost

Morgan Stanley's profit rises on dealmaking, trading boost

April 15 (Reuters) - Morgan Stanley reported a rise in first-quarter profit on Wednesday, buoyed by a dealmaking boost and a surge in revenue from its trading business.

Sazerac offers $15 billion to buy Jack Daniel's maker Brown-Forman, WSJ reports

Sazerac offers $15 billion to buy Jack Daniel's maker Brown-Forman, WSJ reports

April 15 (Reuters) - U.S. spirits group Sazerac has offered to buy Jack Daniel's maker Brown-Forman for about $15 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The privately held company has offered Brown-Forman $32 a share, the report said.

J&J's first-quarter profit beats estimates even as Stelara sales disappoint

J&J's first-quarter profit beats estimates even as Stelara sales disappoint

By Michael Erman April 14 (Reuters) - Johnson & Johnson reported first-quarter earnings that beat Wall Street expectations on Tuesday and raised its full-year forecast, as strong demand for cancer drug Darzalex and psoriasis treatment Tremfya more than offset a steep falloff in sales of its

Baker Hughes to sell Waygate unit to Hexagon for about $1.45 billion

Baker Hughes to sell Waygate unit to Hexagon for about $1.45 billion

By Pooja Menon and Gnaneshwar Rajan April 13 (Reuters) - Baker Hughes said on Monday it will sell its unit, Waygate Technologies, to Sweden-based Hexagon for about $1.45 billion in cash, as the oilfield services provider reorganizes its business to focus on high-growth areas.

J.P.Morgan, Morgan Stanley urge buying the dip as US earnings stay resilient

J.P.Morgan, Morgan Stanley urge buying the dip as US earnings stay resilient

April 13 (Reuters) - Wall Street brokerages J.P.Morgan and Morgan Stanley said recent market weakness has created opportunities for long-term investors, arguing that resilient corporate earnings growth could cushion the fallout from the Middle East conflict.

JPMorgan profit rises as volatile markets drive trading division

JPMorgan profit rises as volatile markets drive trading division

April 14 (Reuters) - JPMorgan Chase reported a rise in first-quarter profit on Tuesday as its trading division got a boost from volatility across global markets.