• US stocks rebound on strong company earnings; oil rises

    US stocks rebound on strong company earnings; oil rises
    Surprisingly strong earnings from Netflix, UnitedHealth Group and other companies put investors in a buying mood Tuesday, driving U.S. stocks solidly higher.
  • Blackstone in the lead to acquire Team Health: sources

    Blackstone in the lead to acquire Team Health: sources
    (Reuters) - Blackstone Group LPis the lead bidder to acquire Team Health Holdings Inc , the U.S. hospital staffing provider that has been the target of activist funds, including Jana Partners LLC,...
  • Global stocks gain on corporate results, rising commodities

    Global stocks gain on corporate results, rising commodities
    By Dion Rabouin and Herbert Lash NEW YORK (Reuters) - A gauge of global equity markets climbed to a one-week high on Tuesday, lifted by rising commodity prices and a strong bounce in Europe, while solid corporate earnings helped drive share prices higher. Wall Street rose after a raft of stronger-than-expected results from UnitedHealth Group Inc , Netflix Inc and Goldman Sachs Group Inc , among others. UnitedHealth gained 6.9 percent, Netflix soared 19 percent and Goldman Sachs rose 2.2 percent.
  • GLOBAL MARKETS-Stocks gain on corporate results, rising commodities

    GLOBAL MARKETS-Stocks gain on corporate results, rising commodities
    NEW YORK, Oct (HKSE: 3366-OL.HK - news) 18 (Reuters) - A gauge of global equity markets climbed to a one-week high on Tuesday, lifted by rising commodity prices and a strong bounce in Europe, while solid corporate earnings helped drive share prices higher. Wall Street rose after a raft of stronger-than-expected results from UnitedHealth Group Inc, Netflix Inc and Goldman Sachs Group Inc, among others.
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  • Wall Street climbs on earnings improvement

    Wall Street climbs on earnings improvement
    By Chuck Mikolajczak NEW YORK (Reuters) - Wall Street advanced on Tuesday to give the S&P 500 its best day this month on the heels of solid earnings reports from names such as UnitedHealth and Netflix that put corporate profits on track to snap a four-quarter streak of declines. Of the 52 S&P 500 companies that have reported results to date for the third quarter, 81 percent have reported earnings that topped average analyst estimates, according to Thomson Reuters I/B/E/S. Third-quarter e
  • Wall St. climbs on earnings improvement

    Wall St. climbs on earnings improvement
    NEW YORK (Reuters) - Wall Street advanced on Tuesday to give the S&P 500 its best day this month on the heels of solid earnings reports from names such as UnitedHealth and Netflix that put corporate profits on track to snap a four-quarter streak of declines.
  • US STOCKS-Wall St climbs on earnings improvement

    US STOCKS-Wall St climbs on earnings improvement
    Wall Street advanced on Tuesday to give the S&P 500 its best day this month on the heels of solid earnings reports from names such as UnitedHealth and Netflix that put corporate profits on track to snap ...
  • Global stocks rise on corporate results, rising commodities

    Global stocks rise on corporate results, rising commodities
    By Dion Rabouin and Herbert Lash NEW YORK (Reuters) - A gauge of global equity markets climbed to a one-week high on Tuesday, lifted by rising commodity prices and a strong bounce in Europe, while solid corporate earnings helped drive share prices higher. Wall Street rose after a raft of stronger-than-expected results from UnitedHealth Group Inc , Netflix Inc and Goldman Sachs Group Inc , among others. UnitedHealth gained 7.05 percent, Netflix soared 19.95 percent and Goldman Sachs rose 2.3 perc
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  • Wall St rallies on earnings optimism

    Wall St rallies on earnings optimism
    By Chuck Mikolajczak NEW YORK (Reuters) - Wall Street rallied on Tuesday in the wake of a host of solid earnings reports that put corporate profits on track to snap a four-quarter streak of declines. Of the 52 S&P 500 companies that have reported results to date for the third quarter, 81 percent have reported earnings that topped average analyst estimates, according to Thomson Reuters I/B/E/S. Third-quarter earnings are now expected to show growth of 0.2 percent, which would mark an end to t
  • Stocks rise on corporate results, rising commodities

    Stocks rise on corporate results, rising commodities
    By Dion Rabouin and Herbert Lash NEW YORK (Reuters) - A gauge of global equity markets climbed to a one-week high on Tuesday, lifted by rising commodity prices and a strong bounce in Europe, while solid corporate earnings helped drive share prices higher. Wall Street rose after a raft of stronger-than-expected results from UnitedHealth Group Inc , Netflix Inc and Goldman Sachs Group Inc , among others. UnitedHealth gained 7.05 percent, Netflix soared 19.95 percent and Goldman Sachs rose 2.3 perc
  • GLOBAL MARKETS-Stocks rise on corporate results, rising commodities

    GLOBAL MARKETS-Stocks rise on corporate results, rising commodities
    NEW YORK, Oct (HKSE: 3366-OL.HK - news) 18 (Reuters) - A gauge of global equity markets climbed to a one-week high on Tuesday, lifted by rising commodity prices and a strong bounce in Europe, while solid corporate earnings helped drive share prices higher. Wall Street rose after a raft of stronger-than-expected results from UnitedHealth Group Inc, Netflix Inc and Goldman Sachs Group Inc, among others.
  • US STOCKS-Wall St rallies on earnings optimism

    US STOCKS-Wall St rallies on earnings optimism
    Wall Street rallied on Tuesday in the wake of a host of solid earnings reports that put corporate profits on track to snap a four-quarter streak of declines. Of the 52 S&P 500 companies that have reported ...
  • DiCaprio foundation would return gifts if from Malaysian fund in probe

    DiCaprio foundation would return gifts if from Malaysian fund in probe
    Oscar-winner Leonardo DiCaprio's charitable foundation would return gifts or donations made to him or his ventures if they were found to have come from Malaysian wealth fund 1MDB, which is being investigated on money laundering allegations, his representatives said on Tuesday. In his first comment on the multinational probe into the fund, DiCaprio said he was cooperating with U.S. authorities to determine if money had come from questionable sources, according to the statement. In July a Hollywoo
  • Equities trading stings Wall Street banks as investors embrace bonds

    Equities trading stings Wall Street banks as investors embrace bonds
    In earnings reports over the past several days, Bank of America and Citigroup saw massive slides in equities trading revenue, while Goldman Sachs Group Inc and JPMorgan Chase & Co posted small increases. The downturn appears to be a short-term blip related to market conditions and is unlikely to affect business strategies, analysts said. Banks have invested in equities trading, even though it has relatively slim profit margins, because new capital requirements are generally more lenient on e
  • Rocky politics, slow growth loom as Obama, Italy's Renzi meet

    Rocky politics, slow growth loom as Obama, Italy's Renzi meet
    By Ayesha Rascoe WASHINGTON (Reuters) - President Barack Obama welcomed Italian Prime Minister Matteo Renzi to the White House on Tuesday, using the pomp of the formal state visit to highlight the link between the sluggish European economy and populist discontent in the continent. The spotlight comes at an opportune time for Renzi, who seeks a boost ahead of a constitutional referendum on Dec. 4 that could determine his political future. "I have a feeling, and I think that rightly so, our Americ
  • US stocks up in afternoon trading on strong company earnings

    US stocks up in afternoon trading on strong company earnings
    Solid earnings from Netflix, UnitedHealth Group and other companies helped lift U.S. stocks in afternoon trading Tuesday. Health care, technology and utilities companies were among the big gainers. The rally put the market on course to rebound from modest losses the day before.
  • Wall St. rallies as S&P seen snapping earnings decline

    Wall St. rallies as S&P seen snapping earnings decline
    Of the 52 S&P 500 companies that have reported results to date for the third quarter, 81 percent have reported earnings that have topped analysts average estimate, according to Thomson Reuters I/B/E/S. Now analysts estimate earnings at S&P 500 companies rose 0.2 percent in the quarter, compared with their estimate of a 0.7 percent drop at the start of the earnings season. Analysts also expect the latest third quarter will be the first since 2014 in which both earnings and revenue of S&am
  • DiCaprio says he's cooperating with DOJ in Malaysian scandal

    DiCaprio says he's cooperating with DOJ in Malaysian scandal
    LOS ANGELES (AP) — Leonardo DiCaprio says he is awaiting direction from the U.S. Justice Department regarding any ill-gotten funds that may have supported his environmental foundation or 2013 film "The Wolf of Wall Street."
  • US stocks rise in midday trading on strong company earnings

    US stocks rise in midday trading on strong company earnings
    U.S. stocks moved broadly higher in morning trading Tuesday as investors welcomed strong earnings reports from Netflix, UnitedHealth Group and other companies. Health care, technology and materials companies ...
  • S&P 500 earnings now expected to show growth for third quarter

    S&P 500 earnings now expected to show growth for third quarter
    S&P 500 earnings are now expected have increased slightly in the third quarter, reversing forecasts for another quarter of profit declines, Thomson Reuters data shows. The improvement in earnings projections follows mostly stronger-than-expected results from banks and other companies. Earnings are projected to have increased 0.2 percent in the quarter.
  • TSX rises with energy stocks, miners after data

    TSX rises with energy stocks, miners after data
    TORONTO (Reuters) - Canada's main stock index rose on Tuesday, led by gains for natural resource stocks in a broad rally after strong manufacturing data presented further evidence of a third-quarter economic rebound. Teck Resources advanced 3.6 percent to C$26.49, touching its highest since mid-2014, after several banks upped their price targets and outlooks for the stock on Monday. The most influential gainers on the index also included Barrick Gold Corp, up 2.5 percent to C$21.39, and pipeline
  • 7 Big Risks That Could Derail the Stock Market’s Rally

    7 Big Risks That Could Derail the Stock Market’s Rally
    The big news in recent weeks has been the weakness hitting long-term U.S. Treasury bonds, which in turn, is pushing up long-term interest rates. A strong debate performance this week, or further revelations about Clinton’s emails or those of her campaign staff, could force the market to reevaluate Trump’s chances.
  • Wall Street rallies as strong earnings reports boost optimism

    Wall Street rallies as strong earnings reports boost optimism
    The S&P and the Nasdaq were on track for their best day this month on Tuesday as a slew of market-beating results from marquee companies boosted optimism about Corporate America's health. The spotlight was on the healthcare sector, which rose 1.04 percent, the most in more than one month, after UnitedHealth's upbeat forecast. UnitedHealth rose 6.3 percent and boosted its fellow health insurers.
  • Wall St. rallies as strong earnings reports boost optimism

    Wall St. rallies as strong earnings reports boost optimism
    The spotlight was on the healthcare sector , which rose 1.04 percent, the most in more than one month, after UnitedHealth's upbeat forecast. UnitedHealth rose 6.3 percent and boosted its fellow health insurers. Netflix , which dragged on the market on Monday ahead of its results, was the biggest gainer on the S&P 500 on Tuesday, rising nearly 19 percent after posting much higher-than-expected subscriber growth.
  • UnitedHealth sees more growth in 2017 when it exits Obamacare

    UnitedHealth sees more growth in 2017 when it exits Obamacare
    The company said losses in that business were within expectations in the third quarter, news that boosted the recently weak shares of competitors like Anthem Inc , which plan to stay in those markets next year. Shares of UnitedHealth, which beat Wall Street third-quarter earnings estimates, raised its full-year outlook and signaled 2017 earnings could also top analyst expectations, surged over 7 percent. Earlier this year UnitedHealth said it would pull out of most of the individual insurance bu
  • Goldman Sachs profit soars on bond trading and curtailed costs

    Goldman Sachs profit soars on bond trading and curtailed costs
    Goldman Sachs Group Inc reported a 58 percent jump in third-quarter profit on Tuesday as bond trading rebounded and the Wall Street bank managed to keep a lid on expenses. Goldman reported nearly $2 billion (1.63 billion pounds) in revenue from trading fixed income, currency and commodities, making it the biggest contributor to overall revenue. Strong bond issuance and better conditions in credit and mortgage markets helped the bottom line, Chief Financial Officer Harvey Schwartz said on a confe
  • Bump in commodity shares, solid earnings lift world stocks

    Bump in commodity shares, solid earnings lift world stocks
    By Dion Rabouin NEW YORK (Reuters) - A gauge of major equity markets around the globe rose to a one-week high on Tuesday as rising commodity prices and solid earnings reports helped pull shares in Asia, Europe, and the United States higher. "The markets are expecting an inflection point as we move from the third to the fourth quarter, and so what they will be parsing in management guidance is for a view that earnings turn positive in the fourth quarter," said David Donabedian, chief investment o
  • Bump in commodity shares, solid earnings lift stocks

    Bump in commodity shares, solid earnings lift stocks
    By Dion Rabouin NEW YORK (Reuters) - A gauge of major equity markets around the globe rose to a one-week high on Tuesday as rising commodity prices and solid earnings reports helped pull shares in Asia, Europe, and the United States higher. "The markets are expecting an inflection point as we move from the third to the fourth quarter, and so what they will be parsing in management guidance is for a view that earnings turn positive in the fourth quarter," said David Donabedian, chief investment o
  • GLOBAL MARKETS-Bump in commodity shares, solid earnings lift stocks

    GLOBAL MARKETS-Bump in commodity shares, solid earnings lift stocks
    NEW YORK, Oct (HKSE: 3366-OL.HK - news) 18 (Reuters) - A gauge of major equity markets around the globe rose to a one-week high on Tuesday as rising commodity prices and solid earnings reports helped pull shares in Asia, Europe, and the United States higher. Wall Street stocks rose, led by a slew of stronger-than-expected quarterly reports, including those from Netflix (Xetra: 552484 - news) and UnitedHealth. The STOXX Europe 600 Basic Resources (Frankfurt: W8Z.F - news) index was the top sector
  • Belgian 'Non' blocks EU approval of Canada trade deal

    Belgian 'Non' blocks EU approval of Canada trade deal
    By Philip Blenkinsop LUXEMBOURG (Reuters) - EU governments failed on Tuesday to approve a free trade agreement with Canada, as continued opposition from French-speaking southern Belgium threatened the entire deal. Almost all 28 EU governments, whose ministers were meeting in Luxembourg, now back the Comprehensive Economic and Trade Agreement (CETA), which would be the bloc's first trade accord with a G7 country. Romania and Bulgaria were still demanding Canada allow visa-free travel for its citi
  • Canada manufacturing sales jump in sign of third-quarter rebound

    Canada manufacturing sales jump in sign of third-quarter rebound
    Statistics Canada said on Tuesday that sales rose by 0.9 percent from July to hit C$51.12 billion ($39.02 billion) as eight of the country's 10 provinces recorded increases. Sales advanced in 15 of 21 industries, representing 69 percent of the manufacturing sector, while in volume terms sales climbed by 1.2 percent. The Bank of Canada, which releases its latest forecasts on Wednesday, is projecting a healthy third-quarter recovery after a major wildfire in the oil-producing province of Alberta i
  • UnitedHealth sees earnings growth continuing in 2017

    UnitedHealth sees earnings growth continuing in 2017
    The company had previously said it was losing money this year on the individual insurance business created under U.S. President Barack Obama's national healthcare reform law, which it sells in about two dozen states, and that it would pull out of most of the market next year. UnitedHealth Chief Executive Stephen Hemsley said 2017 earnings could beat Wall Street expectations if the company ends 2016 with strong financial growth. Analysts expect 2017 earnings of $9.07 per share, according to Thoms
  • Canadian dollar strengthens to nearly three-week high as oil rises

    Canadian dollar strengthens to nearly three-week high as oil rises
    By Fergal Smith TORONTO (Reuters) - The Canadian dollar strengthened to a nearly three-week high against its U.S. counterpart on Tuesday as risk appetite and oil rose and domestic manufacturing data reinforced expectations that broad economic growth rebounded in the third quarter. "All in all it is a pretty decent report," said Andrew Kelvin, senior rates strategist at TD Securities. Kelvin doubted the data will have much impact on the Bank of Canada, which makes its interest rate decision on We
  • TSX up as oil, manufacturing data provide support

    TSX up as oil, manufacturing data provide support
    TORONTO (Reuters) - Canada's main stock index moved higher in early trade on Tuesday, with energy stocks leading broad gains as oil prices rose and strong domestic manufacturing sales data added further evidence of a third quarter economic rebound. The Toronto Stock Exchange's S&P/TSX composite index was up 77.33 points, or 0.53 percent, at 14,673.85. Nine of its 10 main groups rose. (Reporting by Alastair Sharp)
  • Wall Street open higher on Goldman, Netflix results

    Wall Street open higher on Goldman, Netflix results
    (Reuters) - U.S. stocks opened higher amid broad gains on Tuesday as Goldman Sachs' profit jump boosted financial companies and the Dow, while Netflix's surge buoyed consumer discretionary stocks. The Dow Jones Industrial Average was up 99.2 points, or 0.55 percent, at 18,185.6. The S&P 500 was up 15.62 points, or 0.73 percent, at 2,142.12. The Nasdaq Composite was up 53.74 points, or 1.03 percent, at 5,253.56. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Savio D'Souza)
  • UnitedHealth CEO sees earnings growth continuing into 2017

    UnitedHealth CEO sees earnings growth continuing into 2017
    NEW YORK (Reuters) - UnitedHealth Group Inc Chief Executive Officer Stephen Hemsley said on Tuesday during a conference call with analysts that he expects the strong growth the company has seen in 2016 to continue into 2017.
  • Goldman Sachs sees profits jump as trading activity surges

    Goldman Sachs sees profits jump as trading activity surges
    US financial giant Goldman Sachs posted a jump in quarterly profits as its investment banking activity revenue surged. The Wall Street bank was driven by a 34% increase in revenue from its key fixed income, currency and commodities unit to $1.96bn. Goldman Sachs chairman and chief executive Lloyd Blankfein said: "We saw solid performance across the franchise that helped counter typical seasonal weakness.
  • UK regulator cuts proposed earnings cap for Norway power link

    UK regulator cuts proposed earnings cap for Norway power link
    (Reuters) - British energy regulator Ofgem said on Tuesday it has revised down provisional upper and lower levels for National Grid's annual revenues from a planned electricity interconnector to Norway by around 30 percent, meaning British consumers were likely to benefit more than previously expected. The revisions mean that National Grid's revenues from the cable operations under the cap and floor regime will be lower, while consumers were more likely to get a reduction in high voltage grid ch
  • Britain to make long-delayed decision on airport expansion next week

    Britain to make long-delayed decision on airport expansion next week
    By Kylie MacLellan LONDON (Reuters) - Britain will make a long-awaited decision next week on where to allow airport expansion near London, Prime Minister Theresa May's spokeswoman said on Tuesday, with ministers who oppose it given the rare opportunity to publicly voice their dissent. May's cabinet discussed the options for more than an hour on Tuesday, her spokeswoman said, but the decision will be made by a smaller group of ministers. "There was a strong consensus about the importance of this
  • Canada manufacturing sales jump, sign economy rebounding in third quarter

    Canada manufacturing sales jump, sign economy rebounding in third quarter
    Canadian manufacturing sales in August jumped much more than expected on widespread strength, reinforcing expectations that broad economic growth rebounded in the third quarter. Statistics Canada said on Tuesday that sales rose by 0.9 percent from July to hit C$51.12 billion ($39.02 billion) as eight of the country's 10 provinces recorded increases. Sales advanced in 15 of 21 industries, representing 69 percent of the manufacturing sector, while in volume terms sales climbed by 1.2 percent.
  • Two sides of a weak pound: Burberry gains, Ryanair suffers

    Two sides of a weak pound: Burberry gains, Ryanair suffers
    LONDON (AP) — The economic repercussions of the plunge in the British pound were on display Tuesday as the currency's drop helped boost sales at luxury goods maker Burberry but triggered a profit warning from budget airline Ryanair.
  • J&J revenue, profit edge past estimates on robust drug sales

    J&J revenue, profit edge past estimates on robust drug sales
    (Reuters) - Johnson & Johnson , the world's largest maker of healthcare products, reported third-quarter revenue and profit just ahead of Wall Street estimates, fuelled by strong sales in its prescription drugs business. J&J, the first major U.S. drugmaker to report quarterly results, said pharmaceutical drug sales jumped 9.2 percent to $8.40 billion (£6.86 billion), buoyed by demand for its cancer medicines, Imbruvica and Darzalex, as well as its blood thinner Xarelto. The company
  • Uganda central bank cuts main rate to 13 pct, more easing seen

    Uganda central bank cuts main rate to 13 pct, more easing seen
    By Elias Biryabarema KAMPALA (Reuters) - Uganda's central bank cut its main interest rate on Tuesday to 13 percent from 14 percent to boost growth, and analysts said there was room for another reduction this year. Core inflation dipped to 4.8 percent last month from 5 percent in August, while the economy expanded by 4.8 percent in the financial year that ended in June, up from an earlier estimate of 4.6 percent, bank governor Emmanuel Tumusiime-Mutebile said. The economy is expected to grow 5.0
  • Emirates could cut Africa flights in face of economic challenges

    Emirates could cut Africa flights in face of economic challenges
    By Tom Arnold DUBAI (Reuters) - Emirates airline could reduce the frequency of flights to Africa or cut routes entirely if current economic and financial challenges on the continent continue, the company's President said on Tuesday. Emirates has expanded rapidly in Africa to benefit from increased demand that accompanied growing links between the Middle East and the continent, as well as cater to passengers flying to and from Asia. Emirates has started refuelling its daily Abuja-bound flight in
  • J&J quarterly revenue, profit edge past Street

    J&J quarterly revenue, profit edge past Street
    (Reuters) - Johnson & Johnson , the world's largest maker of healthcare products, reported third-quarter revenue and profit just ahead of Wall Street estimates, fueled by strong sales in its prescription drugs business.
  • China new bank loans surge in September

    China new bank loans surge in September
    New loans by Chinese banks in September surged nearly 30 percent from the previous month, official data showed Tuesday, deepening concern about risky credit expansion in the world’s second largest economy. New loans extended by banks jumped to 1.22 trillion yuan ($181.3 billion) last month from 948.7 billion yuan in August, said the People’s Bank of China, the central bank. Beijing has relied on stimulus measures such as loose credit to boost the economy, which faces a tough structur
  • Uganda central bank cuts key lending rate to 13 pct

    Uganda central bank cuts key lending rate to 13 pct
    Uganda's central bank cut its benchmark lending rate on Tuesday to 13 percent from 14 percent, saying there was room to support growth by easing. Core inflation dipped to 4.8 percent last month from 5 percent in August, while the economy expanded by 4.8 percent in the financial year ended June, up from an earlier estimate of 4.6 percent, bank governor Emmanuel Tumusiime-Mutebile said. Growth is expected to be 5.0 percent in this fiscal year, he said, while core inflation would remain around the
  • South Africa's Zuma says economy faces major challenges

    South Africa's Zuma says economy faces major challenges
    South Africa's economy still faces major challenges despite growing by 3.3 percent in the second quarter after contracting in the first, President Jacob Zuma said on Tuesday. In an address to South African diplomats who represent the country abroad, Zuma also said he backed efforts by Finance Minister Pravin Gordhan to reassure investors about betting on Africa's most industrialised country. Investors have been nervous about Pretoria's commitment to sound economic policy since Zuma changed finan
  • UK watchdog lowers proposed earnings cap for North Sea power link

    UK watchdog lowers proposed earnings cap for North Sea power link
    (Reuters) - UK energy regulator Ofgem has put forward a reduced provisional cap on developers' earnings from a planned 1.4 gigawatt power cable between Norway and Britain, saying that the new limit would benefit consumers. In its final assessment of the North Sea Link, Ofgem has set a provisional annual earnings cap of 94 million pounds, with a floor price of 53 million pounds a year, it said on Tuesday. The reduction was because construction costs have fallen, Ofgem said.
  • Global stocks gain before China data, Europe rate meeting

    Global stocks gain before China data, Europe rate meeting
    Global stock markets rose Tuesday ahead of China's release of quarterly growth data and a policy meeting of the European Central Bank later in the week. KEEPING SCORE: Europe got off to a strong start ...

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