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Reuters Business
Oct 23, 2019

General Dynamics profit rises 7.3% on higher Gulfstream deliveries
Higher deliveries of Gulfstream jets boosted revenue at U.S. aerospace and defense company General Dynamics Corp , which reported a 7.3% rise in quarterly profit on Wednesday, but shares were flat in premarket trading after gaining 2.5% a day earlier.

Reuters Business
Oct 23, 2019

Snap rises as Wall Street embraces profitability promise
Shares of Snap Inc reversed initial losses following Tuesday's results, rising 4% in early trade as analysts focused on strong third-quarter numbers rather than a disappointing revenue outlook for the final three months of the year.

Reuters Business
Oct 23, 2019

Health insurer Anthem raises 2019 profit forecast after beat
Health insurer Anthem Inc reported a better-than-expected quarterly profit and raised its full-year forecast on Wednesday, riding on higher sales of its government-backed health plans.

Reuters Business
Oct 23, 2019

Futures drop as Caterpillar, Texas Instruments weigh
Wall Street was set to open lower on Wednesday after warnings from Caterpillar and Texas Instruments rekindled worries about a global economic slowdown due to U.S.-China trade tensions.

Reuters Business
Oct 23, 2019

Boeing ousts airliner chief as 737 MAX crisis grows
Boeing Co on Tuesday ousted the top executive of its commercial airplanes division, Kevin McAllister, marking the first high-level departure since two fatal crashes of its 737 MAX jets.

Reuters Business
Oct 23, 2019

Boeing profit slumps 53% as MAX grounding takes heavy toll
Boeing Co reported a 53% drop in quarterly profit on Wednesday as the world's largest planemaker was hurt by the grounding of its best-selling 737 MAX jets.

Reuters Business
Oct 23, 2019

Blackstone third-quarter earnings drop less than expected
Blackstone Group Inc , the world's largest manager of alternative assets such as private equity and real estate, said on Wednesday its distributable earnings in the third quarter fell 8% year-on-year, but still beat analyst estimates.

Reuters Business
Oct 23, 2019

Caterpillar cuts profit outlook as China sales slump
Industrial bellwether Caterpillar Inc fell short of Wall Street estimates for quarterly profit on Wednesday and cut its forecast for overall earnings in 2019, as it reported a 13% slide in Asia sales driven by weakening demand in China.

Reuters Business
Oct 23, 2019

Oil slips as U.S. stocks rise; prospect of OPEC action supports
Oil prices slipped toward $59 a barrel on Wednesday on data showing a bigger-than-expected rise in U.S. crude stocks, while the prospect of deeper output cuts by OPEC and its allies offered support.

Reuters Business
Oct 23, 2019

SoftBank adds to financial burden with $10 billion WeWork deal
SoftBank Group Corp's financial strains escalated on Wednesday as it agreed to spend more than $10 billion to take over office-space sharing startup WeWork, knocking the Japanese tech conglomerate's already weakened shares.

Reuters Business
Oct 23, 2019

Shares sapped by tech problems and Brexit snags
World stock markets struggled on Wednesday, as hopes faded that a Brexit deal would be wrapped by next week and a profit warning from Texas Instruments pulled down technology shares.

Reuters Business
Oct 23, 2019

Eli Lilly misses sales estimates as top-seller Trulicity disappoints
Eli Lilly and Co's quarterly sales missed Wall Street estimates on Wednesday due to a weaker-than-expected performance of its diabetes drug Trulicity because of lower realized prices, sending shares down 3%.

Reuters Business
Oct 23, 2019

Some U.S. electronics factories start layoffs as trade tariffs hit
U.S. electronics factories are investing less and slowing hiring or laying off workers in some cases due to the rising costs of trade tariffs, according to an industry survey set for release on Wednesday.

Reuters Business
Oct 23, 2019

Nasdaq profit beats estimates on strength in data services
U.S. exchange operator Nasdaq Inc beat Wall Street estimates for third-quarter profit on Wednesday, boosted by higher revenue in its units that provide news and other information to traders.

Reuters Business
Oct 23, 2019

How will Amazon deliver in its second biggest market?
Every half an hour, 50 vans sweep into Amazon's distribution center in Mannheim, Germany and sweep out again with up to 200 parcels and a precise delivery plan in each.

Reuters Business
Oct 23, 2019

Factbox: In Germany, competition heats up between two logistics giants
Amazon is not only a major customer of logistics companies like Deutsche Post DHL, FedEx and UPS. It is a growing rival.

Reuters Business
Oct 23, 2019

Caterpillar profit falls short on weak demand; cuts earnings outlook
Caterpillar Inc fell short of Wall Street estimates for quarterly profit on Wednesday, hit by weak demand in its construction and mining equipment businesses, and the company cut its 2019 profit forecast, sending its shares down 5%.

Reuters Business
Oct 23, 2019

Eli Lilly lifts 2019 profit forecast after third-quarter beat
Eli Lilly and Co raised its 2019 profit forecast after reporting a better-than-expected quarterly profit on Wednesday, helped by performance of its diabetes drug, Humalog, and lower tax bill.

Reuters Business
Oct 23, 2019

Samsung updates software to fix fingerprint recognition problem
Samsung Electronics Co Ltd has updated software to fix problems with fingerprint recognition features on its flagship Galaxy S10 and Note 10 smartphones, it said on Wednesday.

Reuters Business
Oct 23, 2019

Zuckerberg faces grilling on Facebook's ambitious digital currency plans
Facebook Inc chief executive Mark Zuckerberg will be grilled by lawmakers over the company's plan to launch a digital currency and efforts to prevent foreign election interference when he appears before a Congressional panel on Wednesday.

Reuters Business
Oct 23, 2019

Health insurer Anthem profit beats, raises 2019 earnings forecast
Anthem Inc reported a better-than-expected quarterly profit on Wednesday as it benefited from higher sales of its government-backed health plans, prompting the health insurer to raise its full-year profit forecast.

Reuters Business
Oct 23, 2019

Brewer Heineken tempers profit hopes as Americas slip
Heineken , the world's second-largest brewer, forecast profit this year would be at the bottom end of its previous guidance after an unexpected dip in third-quarter sales in the Americas partly offset strong growth in Asia.

Reuters Business
Oct 23, 2019

China factory production key as Tesla reports third-quarter results
Tesla Inc is conducting trial production runs at its new $2 billion China factory for the past several weeks and will sell some of the first cars from the plant to its employees, sources told Reuters.

Reuters Business
Oct 23, 2019

China's premier says cooperation with the U.S. can create mutual benefit
China's premier Li Keqiang says cooperation between China and the United States can create mutual benefit, as negotiations between the world's two largest economies over a trade war continue to drag on.

Reuters Business
Oct 23, 2019

Global shares hit by tech problems and Brexit snags
World stock markets fell on Wednesday, as hopes faded that a Brexit deal would be wrapped by next week and a profit warning from Texas Instruments pulled down tech shares.

Reuters Business
Oct 23, 2019

Huawei launches foldable phone in China at prices starting from $2,400
Huawei Technologies Co Ltd started taking orders on Wednesday in China for its eagerly awaited foldable smartphone, as it ramps up marketing at home to make up for weak overseas sales amid U.S. trade sanctions.

Reuters Business
Oct 23, 2019

Oil dips as U.S. stocks rise; prospect of OPEC action supports
Oil prices declined on Wednesday, holding below $60 a barrel on data showing a bigger-than-expected rise in U.S. crude stocks, but the prospect of deeper output cuts by OPEC and its allies offered support.

Reuters Business
Oct 23, 2019

Huawei launches foldable phone in China
Huawei Technologies Co Ltd launched its foldable 5G Mate X smartphone on Wednesday, starting pre-sales for the device in China on the same day.

Reuters Business
Oct 23, 2019

Exclusive: Datsun brand set to go as Nissan rolls back Ghosn's expansionist strategy - sources
Nissan Motor Co Ltd is likely to axe its Datsun brand, drop some unprofitable products and close a number of assembly lines worldwide as it seeks to boost profits by getting smaller, two company sources with direct knowledge of the matter said.

Reuters Business
Oct 23, 2019

Oil dips as U.S. stocks build; output cut prospects give support
Oil fell on Wednesday after climbing over 1% in the previous session as U.S. industry data showed a bigger-than-expected build in crude stocks, but the possibility of deeper output cuts from OPEC and its allies prevented a further decline.

Reuters Business
Oct 23, 2019

Toyota's luxury Lexus brand plans battery EV launch in 2020
Toyota Motor's Lexus will launch its first all-battery electric vehicle next year, as the luxury brand races to market a battery-operated car amid growing competition to develop zero-emissions vehicles, the head of the brand said on Wednesday.

Reuters Business
Oct 23, 2019

Biogen, Eisai revive plans for Alzheimer's drug, surprising market
Biogen Inc revived plans on Tuesday to seek U.S. approval for Alzheimer's treatment aducanumab, surprising investors and saying data from more patients in two discontinued studies showed the drug reduced the decline of patients.

Reuters Business
Oct 23, 2019

Oil falls on U.S. stockbuild; deeper output cut prospects give support
Oil fell on Wednesday after gaining over 1% in the previous session as U.S. industry data showed a bigger-than-expected build in crude stockpiles, but the possibility of deeper output cuts from OPEC and its allies contained the decline.

Reuters Business
Oct 22, 2019

SoftBank shares fall as WeWork deal adds to financial strains
Shares of SoftBank Group Corp fell 3% in morning trade on Wednesday as the tech conglomerate agreed to spend more than $10 billion to take over beleaguered office-space sharing startup WeWork, adding to its financial pressures.

Reuters Business
Oct 22, 2019

Asia shares slip on Brexit snag, Texas Instruments' revenue woes
U.S. stock futures and Asian shares slipped on Wednesday as revenue warnings from Texas Instruments raised worries about the global tech sector and after British lawmakers forced the government to hit the pause button on the latest Brexit deal.

Reuters Business
Oct 22, 2019

Morgan Stanley elbows out rivals for plum role in $1.5 billion IPO relaunch: sources
Morgan Stanley has usurped rivals including Deutsche Bank, Citigroup, Credit Suisse and Goldman Sachs to lead the relaunch of a $1.45 billion IPO - Hong Kong's second-largest this year - in an unusually brutal shuffling of banks' roles on a big deal.

Reuters Business
Oct 22, 2019

SoftBank clinches WeWork takeover deal, bailing out co-founder
SoftBank Group Corp agreed to spend more than $10 billion to take over U.S. office-space sharing startup WeWork on Tuesday, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control.

Reuters Business
Oct 22, 2019

SoftBank shares fall as it doubles down on WeWork
Shares of SoftBank Group Corp fell 2% in early trade on Wednesday as the tech conglomerate moved to take over beleaguered office-space sharing startup WeWork with a funding injection of more than $10 billion.

Reuters Business
Oct 22, 2019

Oil slips after U.S. inventory build, but possible OPEC cuts support market
Oil slipped on Wednesday after U.S. industry data showed a bigger-than-expected build in crude stockpiles, but possible deeper production cuts coming from OPEC and its allies prevented a further slide in prices.

Reuters Business
Oct 22, 2019

Asian shares struggle after yet another Brexit delay
Asian shares and U.S. stock futures dipped on Wednesday after British lawmakers rejected the government's timetable to fast-track legislation for its deal to take Britain out of the European Union.

Reuters Business
Oct 22, 2019

SoftBank Group shares fall 2% as it doubles down on WeWork bet
Shares of SoftBank Group Corp fell 2% in early morning trading on Wednesday as the tech conglomerate moves to take over beleaguered office-space sharing startup, WeWork, with a funding injection of $10 billion.

Reuters Business
Oct 22, 2019

U.S. defense chief recuses himself from review of $10 billion cloud computing contract
U.S. Defense Secretary Mark Esper has removed himself from reviewing a disputed $10 billion cloud computing deal because of a possible conflict of interest, a move that could further delay the contract-award process.

Reuters Business
Oct 22, 2019

Nike's Parker hands over CEO role to former eBay chief
Nike Inc's long-time chief executive officer, Mark Parker, will step down next year and be replaced by board member and former eBay CEO John Donahoe, who will be tasked with strengthening the sportswear maker's online strategy.

Reuters Business
Oct 22, 2019

Exclusive: U.S. states plan Google antitrust meeting next month in Colorado - sources
U.S. state attorneys general probing Alphabet's Google plan to meet next month in Colorado to discuss a probe into whether the search giant's business practices break antitrust law, according to three sources knowledgeable about the meeting.

Reuters Business
Oct 22, 2019

U.S. House votes to advance bill curbing anonymous shell companies
The U.S. House voted on Tuesday to advance legislation that would require most companies to disclose who actually owns them, as well as handing banks a long-sought update to anti-money laundering rules.

Reuters Business
Oct 22, 2019

Gulfstream expects more queries during certification after Boeing MAX crashes
Gulfstream Aerospace Corp President Mark Burns said on Tuesday he expected regulators to ask for more details on software when the company certifies its new G700 long-range corporate jet, following two crashes involving the Boeing 737 MAX.

Reuters Business
Oct 22, 2019

Exclusive: Trump's G7 and trade adviser Kelly Ann Shaw to leave White House - officials
President Donald Trump's G7 and trade adviser, Kelly Ann Shaw, is leaving his administration for a position in the private sector, White House officials said on Tuesday, marking the departure of one of the most senior women on the president's economic team.

Reuters Business
Oct 22, 2019

Wall Street slips after rejection of Brexit timetable
U.S. stocks ended lower on Tuesday, giving up early gains after British lawmakers rejected the government's proposed timetable for passing legislation to ratify its deal to exit the European Union.

Reuters Business
Oct 22, 2019

Boeing ousts senior executive as 737 MAX crisis grows
Boeing Co on Tuesday ousted the top executive of its commercial airplanes division, Kevin McAllister, marking the first high-level departure since two fatal crashes of its 737 MAX jets.

Reuters Business
Oct 22, 2019

Exclusive: Trump's G7 and trade adviser Kelly Ann Shaw to leave White House: officials
President Donald Trump's G7 and trade adviser Kelly Ann Shaw is leaving the Trump administration for a position in the private sector, White House officials said on Tuesday, marking the departure of one of the most senior women on the president's economic team.

Reuters Business
Oct 22, 2019

U.S. charges six investment bankers over insider trading scheme
U.S. prosecutors said on Tuesday they had charged six members of an insider trading ring who worked for firms including Goldman Sachs Group , Moelis and Centerview Partners and allegedly booked tens of millions of dollars in illicit profits.

Reuters Business
Oct 22, 2019

Oil prices rise as OPEC mulls deeper output cuts
Oil prices rose on Tuesday after China signaled progress in trade talks with the United States and OPEC and its allies mulled deeper production cuts, but gains were capped by forecasts of a buildup in U.S. crude stockpiles.

Reuters Business
Oct 22, 2019

U.S. defense chief drops review of $10 billion cloud computing contract over conflict of interest
U.S. Defense Secretary Mark Esper has removed himself from reviewing a disputed $10 billion cloud computing deal because of a possible conflict of interest, a move that could further delay the contract-award process.

Reuters Business
Oct 22, 2019

Biogen resurrects Alzheimer's drug; shares jump 27%
Biogen Inc revived plans on Tuesday to seek U.S. approval for Alzheimer's treatment aducanumab, surprising investors and saying data from more patients in two discontinued studies showed the drug reduced the decline of patients suffering from the disease.

Reuters Business
Oct 22, 2019

Oil prices rise as OPEC mulls deeper demand cuts
Oil prices rose on Tuesday after China signaled progress in trade talks with the United States and OPEC and its allies mulled deeper production cuts, but gains were capped by forecasts of a buildup in U.S. crude stockpiles.

Reuters Business
Oct 22, 2019

Former UAW official pleads guilty to federal charges
A former top official of the United Auto Workers union pleaded guilty on Tuesday to federal charges of financial misconduct while about 48,000 UAW members voted on whether to end a nearly five-week walkout at GM.

Reuters Business
Oct 22, 2019

Exxon, New York prosecutors face off in climate change fraud trial
A lawyer for New York's attorney general on Tuesday told a state judge that Exxon Mobil Corp used two sets of books to hide the true cost of climate change regulations from investors, while an attorney for the oil major assailed the claims as politically motivated.

Reuters Business
Oct 22, 2019

Boeing replaces senior executive as 737 MAX crisis grows
Boeing Co on Tuesday replaced the top executive of its commercial airplanes division, Kevin McAllister, marking the first high-level departure since the fallout started over two fatal crashes of its 737 MAX.

Reuters Business
Oct 22, 2019

Pound, stocks slip as lawmakers reject Brexit law timetable
The pound weakened and stocks on world markets declined on Tuesday after British lawmakers rejected the government's proposed timetable for passing legislation to ratify its deal to exit the European Union.

Reuters Business
Oct 22, 2019

SoftBank clinches deal to take over WeWork: sources
SoftBank Group Corp has agreed to spend more than $10 billion to take over WeWork, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control, people familiar with the matter said on Tuesday.

Reuters Business
Oct 22, 2019

U.S. Defense chief won't review $10 billion cloud computing deal due to conflict of interest
U.S. Defense Secretary Mark Esper has removed himself from reviewing a disputed $10 billion cloud computing contract because of a possible conflict of interest, the Pentagon said on Tuesday.

Reuters Business
Oct 22, 2019

Nike CEO Mark Parker to step down, John Donahoe to take over
Nike Inc's long-time chief executive officer, Mark Parker, will step down next year and be replaced by John Donahoe, the CEO of cloud computing firm ServiceNow Inc , the footwear and apparel maker said on Tuesday.

Reuters Business
Oct 22, 2019

Johnson & Johnson CEO testified Baby Powder was safe 13 days before FDA bombshell
Facing off against a plaintiff's lawyer for the first time about Johnson & Johnson's Baby Powder, the company's Chief Executive Alex Gorsky earlier this month insisted that the company's iconic brand was safe.

Reuters Business
Oct 22, 2019

Pound, stocks slip; lawmakers reject Brexit law timetable
Stocks on world markets declined, with the S&P 500 turning lower, and the pound weakened on Tuesday after British lawmakers rejected the government's proposed timetable for passing legislation to ratify a deal over Britain's exit from the European Union.

Reuters Business
Oct 22, 2019

Intel files antitrust case against SoftBank-backed firm over patent practices
Chipmaker Intel Corp has filed an antitrust lawsuit against a SoftBank Group Corp-owned investment company alleging the firm stockpiled patents to hold up technology companies with numerous lawsuits.

Reuters Business
Oct 22, 2019

U.S. business borrowing for equipment rises 18% in September: ELFA
U.S. companies' borrowing to spend on capital investments rose 18% in September from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Tuesday.

Reuters Business
Oct 22, 2019

Air New Zealand to start non-stop Auckland to New York route in 2020
Air New Zealand Ltd said on Wednesday it will launch a non-stop flight service between Auckland and New York in October 2020, in a bid to take advantage of strong visitor growth from North America.

Reuters Business
Oct 22, 2019

Boeing replaces top commercial airplanes executive
Boeing's top commercial airplanes executive Kevin McAllister is leaving the company as the planemaker continues to grapple with the fallout from two fatal crashes of its 737 MAX, the company said on Tuesday.

Reuters Business
Oct 22, 2019

Mixed earnings, failed Brexit vote push down S&P 500
The benchmark S&P 500 index gave up modest gains on Tuesday from earlier in the session after British lawmakers rejected the government's proposed timetable for passing legislation to ratify its deal to exit the European Union.

Reuters Business
Oct 22, 2019

Exclusive: Blackstone, CVC seek to take Paysafe public - sources
Private equity firms Blackstone Group Inc and CVC Capital Partners Ltd are seeking to hire underwriters for an initial public offering (IPO) of Paysafe Group Ltd that could value the payments processing firm at more than $10 billion, including debt, according to people familiar with the matter.

Reuters Business
Oct 22, 2019

Bank of Canada rate cut bets sink as investors eye post-election spending
Investors are ditching bets that the Bank of Canada will cut interest rates over the coming months as the domestic economy shows resilience and the federal election result adds to prospects of growth-boosting fiscal spending next year.

Reuters Business
Oct 22, 2019

Fiat Chrysler to build new car battery hub in Turin
Fiat Chrysler will build a new battery assembly complex in its Mirafiori plant in Turin, with an initial investment of 50 million euros ($56 million), the carmaker said on Tuesday.

Reuters Business
Oct 22, 2019

Air New Zealand to launch non-stop Auckland to New York route in 2020
Air New Zealand Ltd said on Wednesday it will launch a non-stop flight service between Auckland and New York in October 2020, in a bid to take advantage of strong visitor growth from North America.

Reuters Business
Oct 22, 2019

Spanish court to probe Russian tycoon's bid for DIA supermarket chain: document
Spain's High Court will investigate allegations that Russian tycoon Mikhail Fridman acted to depress the share price of DIA when trying to take control of the supermarket chain, a court document seen by Reuters showed.

Reuters Business
Oct 22, 2019

Five U.S. officials including Kushner, Mnuchin to attend Saudi financial conference: sources
U.S. Treasury Secretary Steven Mnuchin and presidential adviser Jared Kushner will lead Washington's delegation to an annual financial conference in Saudi Arabia, government sources said on Tuesday.

Reuters Business
Oct 22, 2019

UTC says Boeing 737 MAX production could remain at current levels
United Technologies believes Boeing will still make 737 MAX planes at its current rate for the rest of 2019, Chief Financial Officer Akhil Johri said on Tuesday, allaying some fears of a complete halt in production.

Reuters Business
Oct 22, 2019

UPS COO's retirement eclipses e-commerce gains
United Parcel Service Inc's e-commerce fueled quarterly profit beat on Tuesday was overshadowed by news that Jim Barber, widely viewed as the world's biggest parcel delivery firm's next leader, would retire at year-end.

Reuters Business
Oct 22, 2019

McDonald's misses profit target as competition delivers breakfast, plant burgers
McDonald's Corp missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up service weighed on the world's biggest fast food chain, sending its shares down 4%.

Reuters Business
Oct 22, 2019

Zuckerberg to tell Congress Facebook is 'not the ideal messenger' for Libra currency
Facebook Chief Executive Mark Zuckerberg plans to acknowledge before Congress that Facebook is not the "ideal messenger" for its Libra cryptocurrency project, given ongoing criticism of the company.

Reuters Business
Oct 22, 2019

U.S. crude stocks expected to rise for sixth consecutive week: Reuters poll
U.S. crude stockpiles likely rose for the sixth straight week, while refined products stockpiles likely fell last week, an extended Reuters poll showed on Tuesday.

Reuters Business
Oct 22, 2019

Boeing texts reveal flawed simulator, not smoking gun: ex-colleagues
Four days after leaked internal pilot messages set off a media firestorm for Boeing Co., former colleagues have defended a former pilot who voiced concerns about unreported 737 MAX software problems two years before fatal crashes.

Reuters Business
Oct 22, 2019

S&P cuts Boeing outlook to 'negative' on fresh 737 MAX concerns
S&P Global Ratings lowered its outlook for Boeing Co to "negative" from "stable" on Tuesday, after reports that the planemaker may have misled the U.S. Federal Aviation Administration about problems with the anti-stall software on its grounded 737 MAX jet.

Reuters Business
Oct 22, 2019

S&P 500, Dow gain on upbeat earnings reports; Facebook pressures Nasdaq
The S&P 500 and Dow Jones indexes rose on Tuesday, as upbeat earnings reports eased concerns over the fallout from the fragile U.S.-China trade relationship, but Facebook pressured Nasdaq after the company was hit with an expanded New York-led probe.

Reuters Business
Oct 22, 2019

Lockheed Martin profit climbs, expects lower cash flow in 2020; shares dip
Lockheed Martin Corp raised its estimate for 2019 earnings on Tuesday as quarterly profit climbed 9.2% amid improved sales of its F-35 fighter jets, but it forecast a lower cash flow for next year and shares dipped in afternoon trading.

Reuters Business
Oct 22, 2019

Aramco listing was delayed to rope in anchor investors: sources
Oil giant Saudi Aramco's much-vaunted stock market listing was delayed after deal advisers said they need more time to lock in cornerstone investors, three sources with direct knowledge of the matter told Reuters.

Reuters Business
Oct 22, 2019

Bank of America expands zero-commission stock trading
Bank Of America said on Monday it would expand its zero-dollar online trading to all customers of its Preferred Rewards program and cut commissions for others, following similar moves by several online brokers.

Reuters Business
Oct 22, 2019

Wall Street mixed after corporate earnings reports; Facebook falls
The S&P 500 and Dow Jones indexes rose on Tuesday, lifted by upbeat corporate earnings reports that eased concerns over the fallout from the U.S.-China trade war, but a decline in shares of Facebook hurt the Nasdaq.

Reuters Business
Oct 22, 2019

Explainer: As Draghi era ends at ECB, cheap money concerns nag
Mario Draghi hands over power at the European Central Bank to Christine Lagarde amid fierce debate over the ultra-loose money policies he spearheaded to aid a eurozone recovery from the financial crisis.

Reuters Business
Oct 22, 2019

Centene posts narrow profit beat, signals early close of WellCare deal
Centene Corp said on Tuesday its deal for WellCare Health Plans could close sooner than previously expected and posted a profit that edged past Street estimates, reassuring investors of strength in its core Medicaid business.

Reuters Business
Oct 22, 2019

Earnings lift stocks, sterling dips as more Brexit news to come
Stocks on world markets eked out small gains on Tuesday after some upbeat corporate results and talk of progress in China-U.S. trade talks, while sterling weakened as investors awaited further news on Britain's eventual exit from the European Union.

Reuters Business
Oct 22, 2019

Spanish court to probe Russian tycoon's bid for supermarket chain: document
Spain's High Court will investigate whether Russian tycoon Mikhail Fridman deliberately acted to depress the share price of struggling supermarket chain DIA in his bid to take control of the group, a court document seen by Reuters showed.

Reuters Business
Oct 22, 2019

SoftBank clinches deal to take over WeWork
SoftBank Group Corp agreed to spend more than $10 billion to take over WeWork, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control, people familiar with the matter said on Tuesday.

Reuters Business
Oct 22, 2019

U.S. existing home sales drop more than expected in September
U.S. home sales fell more than expected in September as the market continues to struggle with a dearth of properties for sale, especially for cheaper homes.

Reuters Business
Oct 22, 2019

Exxon to face trial in New York climate change investor fraud lawsuit
Exxon Mobil Corp on Tuesday was due to face trial in a lawsuit by New York's attorney general accusing it of misleading investors about the risks of climate change regulations to its business.

Reuters Business
Oct 22, 2019

U.S. companies facing worker shortage race to automate
U.S. companies are responding to the lowest unemployment rate in almost 50 years by increasing their focus on automation in order to maintain healthy margins as labor costs tick higher, a Reuters analysis of corporate earnings transcripts shows.

Reuters Business
Oct 22, 2019

Turkey's Halkbank could face fine for failing to appear in U.S. court: prosecutor
A U.S. prosecutor on Tuesday called Turkey's Halkbank a "fugitive" after it failed to make an initial court appearance in a criminal case accusing it of conspiring to violate U.S. sanctions against Iran.

Reuters Business
Oct 22, 2019

McDonald's posts rare profit miss, shares drop
McDonald's Corp missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up delivery weighed on the world's biggest fast food chain, sending its shares down 3%.

Reuters Business
Oct 22, 2019

OPEC, allies to mull deeper oil cut amid worries over demand growth
OPEC and its allies will consider whether to deepen cuts to crude supply when they next meet in December due to worries about weak demand growth in 2020, sources from the oil-producing club said.

Reuters Business
Oct 22, 2019

Boeing makes progress on 737 MAX, but FAA needs weeks to review
Boeing Co is making progress toward getting its 737 MAX aircraft in the air again, but the U.S. Federal Aviation Administration (FAA) will need at least several more weeks for review, FAA Administrator Steve Dickson said on Tuesday.

Reuters Business
Oct 22, 2019

Infosys loses $6.6 billion in market cap after whistleblower complaints
India's No.2 software services exporter, Infosys Ltd , is probing whistleblower complaints that its top two executives engaged in "unethical practices" to boost short-term revenue and profit, sending its shares down 16% on Tuesday.

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