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Huntington Bancshares Inc. (HBAN) Tuesday reported a surge in fourth quarter net profit to $432 million from $239 million in the prior year. On a per share basis, earnings were $0.37, up from $0.20 in the previous year. The company reported 4 percent increase in average loan and leases to $2.5 billion....

While reporting its fourth-quarter financial results today, Kimberly-Clark Corp. (KMB) announced a new global restructuring initiative, which includes job cuts in a range of 5,000 to 5,500, or 12 percent to 13 percent of current headcount, as well as the closure or sale of about 10 manufacturing facilities. In...

FTS International Inc. announced it has launched initial public offering of 15,151,516 shares of its common stock. The initial public offering price is expected to be between $15.00 and $18.00 per share. The shares have been authorized for listing on the NYSE under the ticker symbol, FTSI. FTS International...

JPMorgan Chase & Co. (JPM) announced Tuesday a $20 billion, five-year comprehensive investment to help its employees, and support job and local economic growth in the United States. Through this new investment, the firm will develop hundreds of new branches in several new U.S. markets, increase wages...

State Street Corp. (STT) Tuesday reported 40 percent decline in fourth quarter net income available to common shareholders while revenue increased from the previous quarter. Fourth quarter profit were $334 million, down from $557 million a year ago. On a per share basis, earnings declined to $0.89...

Synovus Financial Corp. (SNV) announced it Board has approved a 67% increase in the company's quarterly common stock dividend to $0.25 per share from $0.15, effective with the quarterly dividend payable in April 2018. The Board authorized a new share repurchase program of up to $150 million of the company's...

Walmart (WMT) said The Walmart and Sam's Club associates in Florida will soon receive wage increases and bonuses totaling nearly $105.7 million. In Florida, more than 67,500 Walmart and Sam's Club associates are expected to be eligible for the one-time cash bonus, which is estimated to total more than...

Tesla Inc. (TSLA) on Tuesday announced a new 10-year CEO performance award for Elon Musk with vesting entirely contingent on achieving market cap and operational milestones that would make Tesla one of the most valuable companies in the world. The performance award consists of a 10-year grant of stock...

Veolia Environment SA (VE) announced Tuesday that its Water business in France received new contracts worth 170 million euros from the city of Saint-Pierre in Reunion Island, Frontignan and the La Barche inter-municipal wastewater service. The contract for the drinking water and wastewater public...

German software and service provider SAP SE (SAP) on Tuesday announced more than 2 billion euros spend in France over the next five years. The investments are intended to accelerate the company's fast growth in the cloud and advance a technology community focused on machine learning or ML, blockchain,...

Prudential plc (PRU.L), a British financial services group, Tuesday said it has reached an agreement to sell its consumer finance business in Vietnam, Prudential Vietnam Finance Company Limited or PVFC, for a consideration of $151 million, subject to regulatory approvals. The agreement is with Shinhan...

International Consolidated Airlines Group S.A. (ICAGY.PK, IAG.L) Tuesday announced that its bid to acquire assets of the Austrian airline NIKI was unsuccessful. On December 29, 2017, IAG announced that it had agreed to buy assets of NIKI under the German insolvency process, subject to customary closing...

South African integrated energy and chemicals company Sasol Ltd. (SSL) on Tuesday said it expects earnings per share for the first half to decrease by between 20% and 25%, approximately R2,84 to R3,55 per share, from the prior period earnings per share of R14,21. Headline earnings per share for the...

French grocery retailer Carrefour Group (CRERF, CRRFY, 0NPH.L) said that it will invest 2.8 billion euros over five years, or six times more than current investments, to gain a new dimension in digital and omnichannel. It also launched efficiency plan aimed at generating 2 billion euros in full-year...

UK Competition and Markets Authority or CMA on Tuesday published provisional findings and the related notice of possible remedies regarding its investigation into the proposed acquisition of the remaining shares in Sky plc (BSY.L, SKY.L) by Rupert Murdoch's 21st Century Fox, Inc. (FOXA, FOX). In its...

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