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   NEWS: REUTERS BUSINESS
Reuters Business
Oct 17, 2018

Wall St. drops on disappointing IBM results, housing data
The three main indexes fell on Wednesday, a day after their strongest rally in seven months, as IBM snapped a run of strong earnings from blue-chip companies and disappointing housing data dragged down shares of Home Depot and homebuilders.

Reuters Business
Oct 17, 2018

Influential Facebook shareholders back proposal to remove Zuckerberg as chairman
Several public funds with holdings in Facebook Inc on Wednesday backed a proposal to remove Chief Executive Officer Mark Zuckerberg as chairman.

Reuters Business
Oct 17, 2018

Campbell heirs to vote for own board, Third Point calls move a 'stunt'
Campbell Soup Co said on Wednesday that four key shareholders, all descendants of the company's former chairman John Dorrance, have formally aligned themselves against hedge fund Third Point LLC's plans to oust the embattled soupmaker's entire board.

Reuters Business
Oct 17, 2018

U.S. pushes EU for rapid trade results, says progress not enough
The United States demanded rapid results on Wednesday from its trade talks with the European Union and complained that the bloc was stalling progress.

Reuters Business
Oct 17, 2018

U.S. environmental agency says has been in talks with AB Volvo over emissions issue
The U.S. Environmental Protection Agency said on Wednesday it has been in talks with Volvo over the last few weeks about an issue with their catalytic converters that was causing some vehicles to exceed nitrogen oxide emission limits.

Reuters Business
Oct 17, 2018

SoftBank lines up $9 billion in loans for Vision Fund from banks: Bloomberg
Banks, including underwriters of SoftBank Group's initial public offering of its mobile unit, are finalizing terms for a $9 billion loan to its Vision Fund, Bloomberg reported on Wednesday, citing people familiar with the matter.

Reuters Business
Oct 17, 2018

World stocks slide on earnings misgivings; oil off after big U.S. inventory build
A gauge of stocks across the world edged lower on Wednesday following its largest daily run-up in over two years, as the outlook on earnings soured after a warning on the European auto sector and a revenue miss from IBM.

Reuters Business
Oct 17, 2018

Tesla's vice president of manufacturing departs: Business Insider
Tesla Inc's vice president of manufacturing, Gilbert Passin, has left the company, Business Insider reported https://www.businessinsider.com/teslas-vp-of-manufacturing-gilbert-passin-is-out-source-2018-10 on Wednesday, citing a source familiar with the situation.

Reuters Business
Oct 17, 2018

U.S. holiday hiring hits highest since 2014 as consumer confidence soars
Holiday hiring of more than 700,000 workers by U.S. retailers would be the largest since 2014, according to a report by a global outplacement firm, underscoring a robust economy that has seen consumer confidence at its highest in nearly two decades.

Reuters Business
Oct 17, 2018

Hard Brexit could ground UK flights for three weeks: Ryanair CEO
A hard Brexit could ground UK flights for up to three weeks but would be survivable for Ryanair , the Irish budget airline's CEO Michael O'Leary said ahead of a meeting of European Union leaders in Brussels on Wednesday.

Reuters Business
Oct 17, 2018

Gulfstream expects market growth in 2019 on new business jets: president
Gulfstream Aerospace expects growth in both sales opportunities and deliveries next year, as the U.S. business jet maker brings two new large-cabin corporate planes to market, company President Mark Burns said on Wednesday.

Reuters Business
Oct 17, 2018

Wall St. slips as IBM disappoints; Fed minutes awaited
U.S. stocks fell on Wednesday, a day after Wall Street's strongest rally in seven months, as investors were disappointed with IBM's results and remained cautious ahead of the minutes of Federal Reserve's latest meeting.

Reuters Business
Oct 17, 2018

U.S. watchdog threatens retaliation over EU clearing rules
U.S. banks and securities houses could be barred from trading on exchanges in the European Union if the bloc refuses to water down "irresponsible" proposals for regulating foreign clearing houses, a top U.S. regulator said on Wednesday.

Reuters Business
Oct 17, 2018

Wall St. dips at open; Fed minutes awaited
U.S. stocks opened slightly lower on Wednesday, a day after Wall Street's strongest rally in seven months, as investors were disappointed with IBM's results and remained cautious ahead of the minutes of Federal Reserve's latest meeting.

Reuters Business
Oct 17, 2018

Musk to buy $20 million in Tesla stock
Tesla Inc Chief Executive Officer Elon Musk will purchase company stock worth $20 million in the next open trading session, the electric carmaker said in a filing on Wednesday.

Reuters Business
Oct 17, 2018

Danske Bank forced to resume CEO search after regulator's rejection
Danske Bank , reeling from a money laundering scandal, will resume its search for a new chief executive after a Danish regulator rejected its internal candidate for the job, and analysts said it would be forced to look outside the bank.

Reuters Business
Oct 17, 2018

Netflix shares jump as Wall Street applauds record subscriber growth
Shares of Netflix Inc soared 11 percent before the bell on Wednesday, after the company put fears of a slowdown in growth to bed by racking up seven million new subscribers between July and September.

Reuters Business
Oct 17, 2018

U.S. housing starts, building permits fall in September
U.S. homebuilding dropped more than expected in September as construction activity in the South fell by the most in nearly three years, likely held down by Hurricane Florence.

Reuters Business
Oct 17, 2018

U.S. frees Prudential Financial from more rigorous Fed oversight
A U.S. regulatory council announced on Wednesday it had removed the systemically risky label from Prudential Financial , freeing the insurance company from more rigorous oversight by the Federal Reserve.

Reuters Business
Oct 17, 2018

Rising rates knock U.S. mortgage activity to lowest since 2014: MBA
U.S. consumers filed the fewest requests for a mortgage since late 2014 last week as most home borrowing costs reached their highest levels in more than seven years, the Mortgage Bankers Association said on Wednesday.

Reuters Business
Oct 17, 2018

U.S. removes 'systemic' oversight from Prudential Financial
A U.S. regulatory council announced on Wednesday it had removed the systemically risky label from Prudential Financial , freeing the insurance company from more rigorous oversight by the Federal Reserve.

Reuters Business
Oct 17, 2018

World stock recovery loses steam as European auto sector takes beating
A recovery by global stocks proved short-lived as warnings over a slowing European auto sector soured an upbeat mood, while Wall Street was set for a slightly lower open after enjoying its best session in eight months the previous day.

Reuters Business
Oct 17, 2018

U.S. housing starts fall more than expected in September
U.S. homebuilding dropped more than expected in September as construction activity in the South fell by the most in nearly three years, likely held down by Hurricane Florence.

Reuters Business
Oct 17, 2018

Netflix: Top analyst downgrades citing limited margin expansion
** Keybanc Capital markets downgrades its rating on Netflix to "sector weight" from "overweight" citing limited investment efficiency, margin expansion and ancillary opportunities for co over the next year

Reuters Business
Oct 17, 2018

Stock futures cool after strong rally; Fed minutes awaited
U.S. stock futures fell on Wednesday, a day after Wall Street's strongest rally in seven months, as investors were disappointed with IBM's results and remained cautious ahead of the minutes of Federal Reserve's latest meeting.

Reuters Business
Oct 17, 2018

Siemens may have to share big Iraq power contract with GE - Financial Times
Siemens may have to share a multi-billion dollar deal with U.S. rival General Electric to improve Iraq's energy supply system following an intervention by President Donald Trump's administration, The Financial Times reported on Wednesday.

Reuters Business
Oct 17, 2018

Boeing signs maintenance deals with El Al Airlines, Lufthansa
Boeing Co signed a two-year maintenance deal with Israel's El Al Airlines on Wednesday, as it looks to boost its high-margin after-sales business that services planes bought by airlines and military customers.

Reuters Business
Oct 17, 2018

Timeline: Regulator rejects Danske Bank's choice for chief executive
Danske Bank , reeling from a money laundering scandal, suffered another setback on Wednesday when the Danish financial regulator rejected its candidate for chief executive on the grounds that he lacked sufficient experience.

Reuters Business
Oct 17, 2018

Exclusive: Express Scripts covers Amgen, Lilly migraine therapies, excludes Teva drug
Express Scripts Holding Co , one of the largest U.S. prescription benefits managers, will cover new migraine drugs from Eli Lilly and Amgen Inc , but is excluding a rival medication made by Teva Pharmaceutical Industries Ltd after price negotiations with all three manufacturers. The decision represents a setback for Teva, which is in the midst of a corporate restructuring and had hoped to capture a sizable stake

Reuters Business
Oct 17, 2018

Netflix shares jump after record subscriber growth
Shares of Netflix Inc soared 11 percent before the bell on Wednesday after the company put fears of a slowdown in growth to bed by racking up 7 million new subscribers between July and September.

Reuters Business
Oct 17, 2018

Sprint sells mobile advertising unit to InMobi
Sprint Corp has sold the mobile data and advertising company it created in 2012 to InMobi, which provides technology for marketers, in an all-stock deal, the companies said on Wednesday.

Reuters Business
Oct 17, 2018

Cheap and unloved: Europe Inc can't afford third-quarter miss as Wall Street gap widens
The third-quarter reporting season kicks off this week with European companies on track for a second year of solid profit growth, but investors are shunning them even though valuations have not been this cheap since the euro zone crisis.

Reuters Business
Oct 17, 2018

Factbox: Potential candidates to become Danske Bank's next CEO
Denmark's largest lender Danske Bank is looking for a new chief executive in the wake of a money laundering scandal centered on $235 billion in transactions that passed through its Estonia branch.

Reuters Business
Oct 17, 2018

Tesla secures Shanghai site for $2 billion China Gigafactory
Tesla Inc has signed an agreement with the Shanghai government for an 860,000 square meter plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social media post on Wednesday.

Reuters Business
Oct 17, 2018

Weaker China demand, regulation spell tough quarter for Europe's auto stocks: Goldman Sachs
Goldman Sachs analysts said slowing car demand in China and new fuel consumption regulations were hurting investors' sentiment toward European autos stocks and warned this results season could be challenging, hitting shares in the sector on Wednesday.

Reuters Business
Oct 17, 2018

Tesla secures Shanghai site for China Gigafactory
Tesla Inc has signed an agreement with the Shanghai government for an 860,000 square meter plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social media post on Wednesday.

Reuters Business
Oct 17, 2018

Danske Bank ditches CEO candidate after regulator rejection
Danske Bank , reeling from a money laundering scandal, suffered another setback on Wednesday when the Danish financial regulator rejected its candidate for chief executive on the grounds that he lacked sufficient experience.

Reuters Business
Oct 17, 2018

Iran calls U.S. efforts to cut its oil exports to zero 'political bluff'
Statements by the United States that it would reduce Iran's oil exports to zero are a "political bluff", the head of state-run National Iranian Oil Company (NIOC) said, according to a report published by Tasnim news agency on Wednesday.

Reuters Business
Oct 17, 2018

Hard Brexit could ground Ryanair planes for three weeks: CEO
A hard Brexit could ground Ryanair planes for up to three weeks but would be survivable for the Irish budget airline, CEO Michael O'Leary said ahead of a meeting of European Union leaders in Brussels on Wednesday.

Reuters Business
Oct 17, 2018

SocGen CEO cancels attendance at Saudi Arabia investment conference
The chief executive of French bank Societe Generale has canceled his attendance at a Saudi Arabia investment conference, as leading business executives pull out amid widespread concern about the fate of a Saudi journalist.

Reuters Business
Oct 17, 2018

World stocks extend rise after blockbuster U.S. earnings
Forecast-beating U.S. company earnings improved the mood on world equity markets on Wednesday, as Asian and European shares put aside concerns on global growth and trade and took their cue from Wall Street's best one-day rise in eight months.

Reuters Business
Oct 17, 2018

Danske Bank ditches CEO candidate after regulator questions experience
Danske Bank said on Wednesday it had dropped plans to appoint Jacob Aarup-Andersen as chief executive after the Danish Financial Supervisory Authority (FSA) said a candidate with more experience was needed.

Reuters Business
Oct 17, 2018

Ryanair CEO says sees no growth in Germany in 2019
Ryanair does not expect to grow in Germany next year, after closing its bases in the northern German city of Bremen and at Weeze near Duesseldorf, Chief Executive Michael O'Leary told Reuters on Wednesday.

Reuters Business
Oct 17, 2018

Exclusive: Don't mention the oil price - U.S. legal threat prompts change at OPEC
OPEC has urged its members not to mention oil prices when discussing policy in a break from the past, as the oil producing group seeks to avoid the risk of U.S. legal action for manipulating the market, sources close to OPEC said.

Reuters Business
Oct 17, 2018

Trump administration says to open trade talks with EU, UK, Japan
The U.S. Trade Representative's office told Congress on Tuesday it intends to open trade talks with the European Union, the United Kingdom and Japan.

Reuters Business
Oct 17, 2018

VW, FCA and Renault lead emissions-driven European sales slump
Volkswagen Group , Fiat Chrysler and Renault led a 23.4 percent European car sales decline in September, the main regional industry body said on Wednesday, as automakers continued to suffer from the introduction of tougher new emissions tests.

Reuters Business
Oct 17, 2018

Fujifilm wins appeal in battle with Xerox over aborted merger
Japan's Fujifilm Holdings Corp has won an appeal in its legal battles with Xerox Corp , with a New York court overturning preliminary injunctions requested by an activist investor that had blocked their planned merger.

Reuters Business
Oct 17, 2018

Search engine Baidu becomes first China firm to join U.S. AI ethics group
Chinese search engine Baidu Inc has become the first Chinese company to join an artificial intelligence (AI) ethics group led by top U.S. tech firms, amid wider political clashes over AI competition between China and the United States.

Reuters Business
Oct 17, 2018

Asia shares echo Wall Street cheer, China more muted
Asian equities got some welcome relief on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street and helped restore a little faith in emerging market stocks and currencies.

Reuters Business
Oct 17, 2018

China's Zhoushan city woos Exxon Mobil for a $7 billion ethylene plant
The Chinese city of Zhoushan is in talks with oil major Exxon Mobil Corp to build a $7 billion ethylene plant in the city south of Shanghai, it said in a statement released on Wednesday.

Reuters Business
Oct 17, 2018

U.S. oil service firms face tough quarter despite high crude prices
Even as crude prices hover near four-year highs, U.S. oilfield service firms' third-quarter results due out in coming days will reflect a shaky recovery, as their customers face drilling constraints and pressure to hold down spending.

Reuters Business
Oct 16, 2018

Fujifilm wins appeal in battle with Xerox over scrapped merger
Fujifilm Holdings Corp has won an appeal in its legal battle with Xerox Corp , with a U.S. court overturning preliminary injunctions requested by activist investors that had blocked a planner merger.

Reuters Business
Oct 16, 2018

Asia shares ride Wall Street bounce, China muted
Asian equities got some welcome relief on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street and helped restore a little faith in emerging market stocks and currencies.

Reuters Business
Oct 16, 2018

Asia shares rally as Wall Street bounce relieves
Asian equities got some much needed relief on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street and helped restore a little confidence in emerging market stocks and currencies.

Reuters Business
Oct 16, 2018

Netflix record subscriber growth dispels Wall Street worries
Netflix Inc hooked 7 million new streaming subscribers from July to September, a third more than Wall Street had expected, reassuring investors who had worried the company was facing a slowdown in its fast-paced growth.

Reuters Business
Oct 16, 2018

U.S. regains crown as most competitive economy for first time since 2008: WEF
The U.S. economy sits atop of the World Economic Forum's annual global competitiveness survey for the first time since the 2007-2009 financial crisis, benefiting from a new ranking methodology this year, the Swiss body said on Tuesday.

Reuters Business
Oct 16, 2018

Honda Aircraft expects higher light jet deliveries in 2019
Honda Aircraft Co chief executive Michimasa Fujino said on Tuesday he expects deliveries of the HondaJet to rise in 2019 above the estimated 50 aircraft customers will take this year, as the light business plane maker targets Asia for growth.

Reuters Business
Oct 16, 2018

IBM revenue misses as server, software sales slow
IBM Corp reported a bigger-than-expected drop in revenue on Tuesday, hit by slowing software sales and wavering demand for mainframe servers, pointing to a bumpy recovery for the technology services giant that is in the midst of a turnaround.

Reuters Business
Oct 16, 2018

Netflix eases Wall Street worries with record quarter
Netflix Inc hooked 7 million new streaming subscribers from July to September, a third more than Wall Street had expected, reassuring investors who had worried the company was facing a slowdown in its fast-paced growth.

Reuters Business
Oct 16, 2018

Target adds new space, more toys for holiday season
Target Corp will dedicate nearly a quarter of a million square feet of new space to its toy business across 500 of its stores, the retailer said on Tuesday, part of an effort to win more holiday sales.

Reuters Business
Oct 16, 2018

United lifts 2018 target as network growth boosts third-quarter profit
United Airlines posted solid third-quarter profit on Tuesday and raised its 2018 outlook for the third time this year, helped by its strategy to add flights at three mid-continent U.S. hubs: Chicago, Denver and Houston.

Reuters Business
Oct 16, 2018

Trump widens Fed critique, calls it 'my biggest threat'
U.S. President Donald Trump heaped more criticism on the Federal Reserve in an interview with Fox Business Network on Tuesday, extending his discontent beyond its chairman, Jerome Powell, whom he has frequently critiqued in public.

Reuters Business
Oct 16, 2018

Softbank 'anxiously' monitoring Saudi Arabia situation: executive
Softbank Group Chief Operating Officer Marcelo Claure said on Tuesday it is "business at usual" at companies backed by its nearly $100 billion Vision Fund despite a tense situation with Saudi Arabia, which provided nearly half of the fund's capital.

Reuters Business
Oct 16, 2018

Wall St. rallies over 2 percent with earnings, data boost
U.S. stocks surged more than 2 percent on Tuesday after upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs and solid economic data, as equities rebounded from a recent sharp sell-off.

Reuters Business
Oct 16, 2018

IBM misses revenue estimates as server, software sales slow
International Business Machines Corp missed Wall Street estimates for third-quarter revenue as software sales slow down and a boost from the launch of new server products begins to dry up, driving its shares down 4 percent on Tuesday.

Reuters Business
Oct 16, 2018

United third-quarter profit tops views; full-year outlook hiked
United Airlines posted a forecast-beating rise in third-quarter profit on Tuesday and raised its 2018 forecast for the third time this year, lifted by its strategy to add flights at three mid-continent U.S. hubs: Chicago, Denver and Houston.

Reuters Business
Oct 16, 2018

Softbank 'anxiously' monitoring Saudi Arabia situation, exec says
Softbank Group Chief Operating Officer Marcelo Claure said it is "business at usual" at the companies backed by its nearly $100 billion Vision Fund despite a tense situation with Saudi Arabia, which provided nearly half of the fund's capital.

Reuters Business
Oct 16, 2018

Netflix subscriber growth beats estimates, shares surge
Netflix Inc added about 7 million streaming customers in the latest quarter, 1.8 million more than Wall Street expected, as it debuted a record amount of original programming, including new seasons of popular shows "Orange is the New Black" and "BoJack Horseman."

Reuters Business
Oct 16, 2018

Global stocks rebound with earnings in focus; oil little changed
Stocks bounced back on Tuesday across the world, supported by strong earnings expectations, while oil prices were wobbly as evidence of higher U.S. production was overshadowed by a tighter global supply outlook as Iran prepares for U.S. sanctions.

Reuters Business
Oct 16, 2018

Railroad operator CSX's quarterly profit tops Wall Street target
CSX Corp on Tuesday reported quarterly profit that topped Wall Street's view, as the No. 3 U.S. railroad operator benefited from ongoing cost-cutting, broad-based volume growth and higher prices for moving freight.

Reuters Business
Oct 16, 2018

U.S. Senate bill could give Tesla, GM electric car tax credit boost
Tesla Inc and General Motors Co, which have lobbied Congress to lift a cap on electric vehicles eligible for a $7,500 tax credit, could get their way for up to four years under a new proposal from a Republican senator.

Reuters Business
Oct 16, 2018

Trump says 'my biggest threat is the Fed'
U.S. President Donald Trump said on a Fox Business News interview that "my biggest threat is the Fed," referring to the Federal Reserve.

Reuters Business
Oct 16, 2018

Goldman Sachs will slow consumer loan growth if market falters
Goldman Sachs will slow loan growth in one of its key new business areas if it sees a marked deterioration in credit quality, potentially jeopardizing new Chief Executive David Solomon's task to boost revenue by $5 billion by 2020.

Reuters Business
Oct 16, 2018

U.S. seen likely to relieve Prudential of 'systemic' oversight
A panel of U.S. regulators is seen as likely to relieve Prudential Financial Inc from stricter oversight when it meets on Tuesday, in a move that could reduce the insurance company's regulatory costs.

Reuters Business
Oct 16, 2018

Walmart CEO points to new company culture, cuts profit forecast
Walmart Inc's chief executive officer on Tuesday urged investors to revise their view of the company's business, touting its tech investments to grow online sales at a time that Walmart is battling Amazon.com for market share.

Reuters Business
Oct 16, 2018

Wall St. rallies back with earnings boost
U.S. stocks surged on Tuesday after upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs and solid economic data, as equities rebounded from a recent sharp sell-off.

Reuters Business
Oct 16, 2018

Dell maintains plans to go public despite Icahn opposition
Dell Technologies Inc said on Tuesday it was sticking to its plans to go public by buying back its tracking stock , a day after activist investor Carl Icahn opposed the move.

Reuters Business
Oct 16, 2018

EU regulators ask Sony's rivals and users how it might use power after EMI deal
EU antitrust regulators reviewing Sony Corp's $2.3 billion bid for EMI are asking rivals and users whether they think the Japanese group would use its greater market power to win better terms in digital media deals.

Reuters Business
Oct 16, 2018

Big U.S. banks end third quarter on high note
Wall Street's top investment banks enjoyed a strong third quarter as strength in stock trading and equity underwriting added to the benefits from a strong U.S. economy and tax reforms.

Reuters Business
Oct 16, 2018

Lyft selects JPMorgan, Credit Suisse for IPO in 2019: source
Ride-hailing company Lyft Inc has chosen JPMorgan Chase & Co, Credit Suisse and Jefferies as underwriters for its initial public offering, slated for the first half of 2019, according to a person familiar with the matter.

Reuters Business
Oct 16, 2018

U.S. industrial output rises; job openings at record high
U.S. industrial production increased for a fourth straight month in September, boosted by gains in manufacturing and mining output, but momentum slowed sharply in the third quarter.

Reuters Business
Oct 16, 2018

U.S. judge approves SEC settlement with Tesla, Musk; shares jump
A U.S. judge on Tuesday approved a settlement between a federal regulator, Tesla Inc and its chief executive officer, Elon Musk, over his tweets promising to take the company private, signaling an end to a tumultuous period for investors.

Reuters Business
Oct 16, 2018

Activist investor Icahn takes stake in Dollar Tree - NY Post
Billionaire activist investor Carl Icahn is accumulating a significant stake in discount chain Dollar Tree Inc , the New York Post reported on Tuesday.

Reuters Business
Oct 16, 2018

World stocks rebound with earnings in focus; oil slips
Stocks bounced back on Tuesday across the world, supported by earnings expectations, while oil prices fell on evidence of higher U.S. oil production and increasing U.S. crude inventories.

Reuters Business
Oct 16, 2018

Uber IPO proposals value company at $120 billion - WSJ
Ride-hailing company Uber Technologies Inc [UBER.UL] could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported on Tuesday.

Reuters Business
Oct 16, 2018

Google to charge smartphone makers for Google Play in Europe
U.S. tech giant Google will charge smartphone makers a licensing fee for using its popular Google Play app store and also allow them to use rival versions of its Android mobile operating system to comply with an EU antitrust order.

Reuters Business
Oct 16, 2018

Nomura to pay $480 million to U.S. over 'fraudulent' mortgage-backed securities
Nomura Holdings Inc has agreed to pay $480 million to resolve civil claims by the U.S. government that it misled investors in marketing residential mortgage-backed securities, U.S. authorities said on Tuesday.

Reuters Business
Oct 16, 2018

Walmart warns it will 'test a lot, fail a lot;' cuts profit forecast
Walmart Inc's chief executive officer on Tuesday urged investors to rethink the company's business, touting its various tech investments to grow online sales at a time it is battling Amazon.com for market share.

Reuters Business
Oct 16, 2018

Strong blue-chip results power Wall St. rally
The three main Wall Street indexes rose more than 1 percent on Tuesday as upbeat earnings from blue-chips such as Johnson & Johnson and Goldman Sachs eased jitters over the impact of rising interest rates and tariffs on corporate profits.

Reuters Business
Oct 16, 2018

Uber IPO proposals value company at $120 billion: WSJ
Ride-hailing giant Uber Technologies Inc [UBER.UL] could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported on Tuesday.

Reuters Business
Oct 16, 2018

U.S. judge approves SEC settlement with Tesla, shares jump
A U.S. judge on Tuesday approved a settlement between a federal regulator, Tesla Inc and its chief executive officer, Elon Musk, over his tweets promising to take the company private, signaling an end to a tumultuous period for investors.

Reuters Business
Oct 16, 2018

U.S. Fed says terminates 2013 enforcement action against RBS group for sanctions lapses
The U.S. Federal Reserve said on Tuesday that it terminated a 2013 enforcement action against Royal Bank of Scotland Group for sanctions lapses in its foreign operations.

Reuters Business
Oct 16, 2018

Walmart warns investors it will 'test a lot and fail a lot;' cuts profit forecast
Walmart Inc's chief executive officer on Tuesday urged investors to rethink the company's business, touting its various tech investments to grow online sales at a time it is battling Amazon.com for market share.

Reuters Business
Oct 16, 2018

Tough markets hit BlackRock results; shares slump 4 percent
BlackRock Inc's quarterly revenue fell short of Wall Street's expectations on Tuesday as the world's biggest asset manager reported its lowest sales of equity, bond and other long-term investments since the second quarter of 2016.

Reuters Business
Oct 16, 2018

Wells Fargo to shift European investment banking business to Paris as Brexit looms
Wells Fargo & Co said on Tuesday it had applied for an investment firm license in France as part of a Brexit strategy to shift some of its servicing of European mainland customers out of London.

Reuters Business
Oct 16, 2018

U.S. job openings hit record high of 7.14 million
U.S. job openings jumped to a record high in August, far outpacing a rise in hiring, suggesting that companies could be increasingly having difficulties finding qualified workers.

Reuters Business
Oct 16, 2018

Wall St. gains after strong earnings from blue-chips
U.S. stocks rose broadly on Tuesday, led by technology and healthcare shares, as upbeat earnings from blue-chip companies helped ease jitters over the impact of the ongoing U.S.-China trade war and other global issues on corporate profits.

Reuters Business
Oct 16, 2018

U.S. judge approves settlement between SEC, Tesla and Musk
A U.S. judge on Tuesday approved the settlement between the Securities and Exchange Commission, Tesla Inc and its Chief Executive Officer Elon Musk.

Reuters Business
Oct 16, 2018

Equity trading strength boosts profits at Morgan Stanley, Goldman
Wall Street's top investment banks reported better-than-expected quarterly profits on Tuesday, helped by strength in stock trading and equity underwriting, wrapping up what has been a strong quarter for the big U.S. banks.

Reuters Business
Oct 16, 2018

U.S. Judge approves settlement between SEC, Musk
A U.S. judge on Tuesday approved the settlement between the Securities and Exchange Commission, Tesla Inc and its Chief Executive Officer Elon Musk.

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