The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
* FTSE 100 down 0.2%, FTSE 250 flat
* Shell drops on poor results
* StanChart rises after profit beat
* Barclays gains on dividend hike
* LSE up on Refinitiv buy (Adds company news items, updates share moves)
Aug 1 (Reuters) - London's FTSE 100 fell on Thursday as Shell plunged after a profit miss and the U.S. Fed dampened hopes of big interest rate cuts, with gains for two of Britain's biggest banks easing some of the pain.
Shares in London Stock Exchange Group jumped 5.9% after it announced its $27 billion merger with financial information firm Refinitiv, in which Reuters News parent Thomson Reuters holds a 45% stake.
The FTSE 100 index dipped 0.2% by 0819 GMT, set for its third straight session of losses. The midcap index was largely unchanged with results-driven jumps in medical products maker Convatec and outsourcer Capita supporting the index.
Shell, the most valued company on the FTSE 100, fell 4.3% as its second-quarter profit slumped to a 30-month low due to lower oil and natural gas prices and refining margins. At session lows, the company was set to lose over 10 billion pounds in market capitalisation.
Standard Chartered jumped 3.2% as investors focussed on strong results despite a warning on risks from the U.S.-China trade war. RSA Insurance gained 3% after results, while Barclays added 2.5% after hiking its dividend.
Stock markets around the world tumbled following remarks from the Federal Reserve that Wednesday's 25-basis-point easing was not the start of a lengthy campaign to shore up the economy against risks such as global weakness.
"The fact is that the tension between slowing business conditions and a very buoyant level of consumption, particularly in the services sectors, is complicating the Fed's outlook," said Rick Rieder, BlackRock's chief investment officer of Global Fixed Income.
Still, the exporter-heavy FTSE 100 is on course to post its biggest annual rise since 2016, drawing strength from a slump in the pound over no-deal Brexit fears.
Among other results-driven moves, Rio Tinto gave up 3% after announcing capital returns that Jefferies analysts called "underwhelming". Packaging company Mondi slumped 6.2% as it warned that economic uncertainties continued to impact trading environment.
On the midcap index, ConvaTec and outsourcer Capita stood out with gains of 14% each. ConvaTec reported an improvement in revenue trends in the second quarter, while Capita said it was on track to meet its turnaround targets.
Defying the warnings on Brexit impact from most sectors, Capita said the country's exit from the European Union could present new opportunities for private sector contractors in the longer term.
(Reporting by Muvija M and Shashwat Awasthi in Bengaluru Editing by Saumyadeb Chakrabarty)