Analyst news

• Barrick posts higher earnings, sees lower costs, higher output

  26-10-2016 23:37 via news.yahoo.com
  
  Barrick Gold Corp , the world's largest producer of bullion, reported a bigger quarterly profit on Wednesday, reflecting higher gold prices and lower costs, while cutting its 2016 production costs and lifting its output. Toronto-based Barrick reported adjusted earnings of $278 million, or 24 cents per share, in the three months to end-September. Analysts on average had expected the company to earn 20 cents a share, according to Thomson Reuters I/B/E/S. Barrick, which has mines in the Americas, A
  
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• Salesforce CEO speaks of failed efforts to buy Twitter, LinkedIn

  26-10-2016 23:19 via news.yahoo.com
  
  Salesforce.com Inc Chief Executive Marc Benioff spoke on Wednesday about a pair of key acquisitions that got away, suggesting his vision for LinkedIn was different from Microsoft's and that he would have pursued Twitter if shareholders had not learned of his plans Speaking at a technology conference hosted by the Wall Street Journal in Laguna Beach, Calif., Benioff declined to elaborate on what he had hoped to do with micro-blogging site Twitter Inc. Twitter hired bankers earlier in October to e
  
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• Salesforce.com CEO speaks of failed efforts to buy Twitter, LinkedIn

  26-10-2016 23:11 via news.yahoo.com
  
  Salesforce.com Inc Chief Executive Marc Benioff spoke on Wednesday about a pair of key acquisitions that got away, suggesting his vision for LinkedIn was different from Microsoft's and that he would have pursued Twitter if shareholders had not learnt of his plans Speaking at a technology conference hosted by the Wall Street Journal in Laguna Beach, Calif., Benioff declined to elaborate on what he had hoped to do with micro-blogging site Twitter Inc. Twitter hired bankers earlier in October to ex
  
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• TSX falls as energy stocks and earnings disappointments weigh

  26-10-2016 22:54 via news.yahoo.com
  
  By Alastair Sharp TORONTO (Reuters) - Canada's main stock index fell on Wednesday as energy shares followed oil prices lower, a small financial technology company plunged after missing earnings expectations, and Canadian National Railway Co weighed after its revenue dipped. The country's largest railway shed 3.8 percent to C$84.30 after its quarterly revenue fell as it moved lower volumes of crude oil, coal and fracking sand. The industrials group lost 1.4 percent overall, while the technology g
  
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• Apple weighs on Wall Street; oil, gold prices slip

  26-10-2016 22:51 via news.yahoo.com
  
  By Hilary Russ NEW YORK (Reuters) - Apple's results weighed on U.S. stock prices on Wednesday after the technology giant posted its first annual revenue decline since 2001, while oil and gold prices slipped. Apple , the world's largest company by market capitalisation, fell 2.2 percent after it acknowledged strong demand for its iPhone 7 Plus caught the company off-guard and it was struggling to keep up with demand. The technology giant pulled down the S&P 500 stock index and Nasdaq, but gai
  
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• Earnings in focus as Apple weighs; Boeing lifts Dow

  26-10-2016 22:26 via news.yahoo.com
  
  Quarterly results were the main driver for Wall Street on Wednesday as a decline in Apple shares weighed on the S&P 500 and Nasdaq, while the price-weighted Dow Industrials was buoyed by gains in Boeing. Apple , the world's largest exchange-traded company, fell 2.2 percent after it acknowledged that strong demand for its iPhone 7 Plus caught the company off-guard and it was struggling to keep up. On the other hand, Boeing shares hit their highest level since Dec. 31 after the planemaker repo
  
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• Tesla reports quarterly profit

  26-10-2016 22:17
  
  Oct 26 (Reuters) - Tesla Motors Inc reported a
  quarterly profit on Wednesday as record deliveries helped to
  offset rising expenses related to next year's roll-out of the
  company's mass-market Model 3...
  
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• Daily Brexit Briefing: May Eases on Carney, UK GDP Ahead

  26-10-2016 22:08
  The Pound rose modestly through Wednesday’s London session as Prime Minister May eases on BoE’s Carney. Third quarter UK GDP figures due Thursday will tap Brexit fears.
  
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• UPDATE 5-Microsoft launches first desktop, Windows update with 3D features

  26-10-2016 22:05
  
  NEW YORK, Oct 26 (Reuters) - Microsoft Corp on
  Wednesday unveiled its first-ever desktop computer and a free
  update to its Windows operating system that allows edits using
  3D simulations, in hopes of...
  
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• For-profit U.S. colleges attract investor interest

  26-10-2016 21:20
  
  Oct 26 (Reuters) - Investors appear to be giving another
  look at the beleaguered for-profit education industry as shares
  of Strayer Education Inc and Capella Education Co
  rise on improving financial...
  
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• EUR/JPY Technical Analysis: Resistance at Old Fibonacci Support

  26-10-2016 21:15
  This early week has already seen a strong reversal in EUR/JPY, but with price action running into resistance at an old support level - is the better part of this bull run already done?
  
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• Oil Price Sell-off to Gain Traction on a Break Below 48.80

  26-10-2016 21:03
  Crude prices turned from the June highs last week with the pullback now testing initial support. Here are the updated targets & invalidation levels that matter.
  
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• UK Mortgage Approvals Beat Consensus – But Don’t Dent Fears of Post-Brexit Slowdown

  26-10-2016 21:00
  UK mortgage approvals in September picked up from a 19-month low the previous month, according to data from the British Banking Association. However, the group warned the housing market continues to show signs of underlying weakness owing to the UK’s decision to leave the EU.
  
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• Apple weighs on Wall Street; oil down on supply concern

  26-10-2016 20:56 via news.yahoo.com
  
  By Hilary Russ NEW YORK (Reuters) - Apple's results weighed on U.S. equities on Wednesday after the technology giant posted its first annual revenue decline since 2001, offsetting a boost from Boeing's strong profit, while oil fell more than 1 percent amid concerns of a global glut. Shares of Apple fell as much as 3.7 percent - set for their worst day in six months - after the company said sales of its flagship iPhones fell for the third quarter in a row. Excluding Apple, earnings are expected t
  
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• Boeing has a banner 3Q and sees more of the same ahead

  26-10-2016 20:54 via news.yahoo.com
  
  Boeing's third-quarter profit rose 34 percent on lower taxes, and the company raised its forecast for 2016 earnings, revenue and airplane deliveries. The results beat Wall Street expectations, and Boeing ...
  
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• Oil Price Falls as OPEC Cuts Look Increasingly Unlikely to be Implemented

  26-10-2016 20:53
  US and UK oil prices tumbled Wednesday through the afternoon London session as doubt over OPEC production curbs haunted the market.
  
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• UPDATE 3-Northrop posts 16.7 pct profit rise, raises full-year forecast

  26-10-2016 20:49
  
  Oct 26 (Reuters) - U.S. weapons maker Northrop Grumman Corp
  reported a 16.7 percent rise in quarterly profit on
  Wednesday, helped by higher sales in its aerospace systems
  business that makes the...
  
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• Crude Oil Prices Dive From Daily Highs

  26-10-2016 20:40
  Despite trading to new daily highs early in today’s session, Crude Oil prices have resumed trading lower.
  
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• RBS sets aside more funds as investor lawsuits near settlement

  26-10-2016 20:39 via news.yahoo.com
  
  The ghost of Fred Goodwin will return to haunt Royal Bank of Scotland (LSE: RBS.L - news) (RBS) again this week when his former employer is forced to set aside millions of pounds more to settle legal action brought by major City shareholders. Sky News has learnt that RBS has held fresh discussions with a group of institutional investors aimed at settling one of several outstanding cases against the bank that in total could cost it well over £4bn. The bank, then run by Mr Goodwin, raised &p
  
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• China’s Market News: Banking Regulators Curb Leverage through Wealth Management Products

  26-10-2016 20:30
  Amid the rising credit issued to the housing sector, Chinese policymakers introduced tightened rules.
  
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• UPDATE 3-Southwest Airlines forecast disappoints, shares tumble

  26-10-2016 20:22
  
  * Shares fall as much as 12 pct to $36.91(Adds comment from conference call; updates shares)
  
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• Gold Prices Resist the Underside of an Old Bull Flag

  26-10-2016 20:17
  Gold prices have been tepidly clawing back gains from the out-sized hit taken earlier in October. But with price action resisting at an old bull flag, is the top-side move nearing it's end?
  
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• CAC 40 Bounces From Daily Lows

  26-10-2016 20:05
  The CAC 40 has rebounded from daily lows after an initial false breakout.
  
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• Verizon exec says company needs more information about Yahoo hack

  26-10-2016 20:00 via news.yahoo.com
  
  A Verizon Communications Inc executive said the acquisition of Yahoo Inc still makes sense, but the telecommunications company needs more information about the email provider's massive breach of accounts. Speaking at a tech conference hosted by the Wall Street Journal in Laguna Beach, California, Marni Walden, an executive vice president at Verizon, said on Wednesday Yahoo is investigating the 2014 data breach and that she hopes to resolve any questions related to the incident in 60 days. &ldquo
  
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• Crude Oil Price Forecast: DoE Inventory Draw Halts OPEC Doubt Effect

  26-10-2016 19:55
  WTI Crude Oil Stopped It’s Decline on Wednesday After Another Inventory Draw, But Dark Clouds Remain As OPEC Doubts Pile Up.
  
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• Verizon executive says company needs more information about Yahoo hack

  26-10-2016 19:54 via news.yahoo.com
  
  Speaking at a tech conference hosted by the Wall Street Journal in Laguna Beach, California, Marni Walden, an executive vice president at Verizon, said on Wednesday Yahoo is investigating the 2014 data breach and that she hopes to resolve any questions related to the incident in 60 days. “I’ve got an obligation to make sure that we protect our shareholders and our investors, so we’re not going to jump off a cliff blindly,” said Walden, who is also Verizon’s presiden
  
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• GBP/JPY Technical Analysis: Churning From Channel to Range

  26-10-2016 19:39
  One of the most volatile pairs available to traders remains in a meager range of a mere 200-pips. How can traders use this range to plot the next 'big move' in GBP/JPY?
  
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• Apple, commodity strains weigh on equities

  26-10-2016 19:12 via news.yahoo.com
  
  World stock markets mostly retreated Wednesday, dragged lower by mining shares and oil prices, while Apple weighed on Wall Street, traders said.
  
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• Boeing rally lifts Dow, Apple weighs on S&P, Nasdaq

  26-10-2016 18:58 via news.yahoo.com
  
  Apple's shares fell 2.6 percent after the world's most valuable public company said sales of its flagship iPhones fell for the third quarter in a row. Apple was the top drag on all three major indexes. The S&P 500 technology index fell 0.25 percent, weighing the most on the benchmark index.
  
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• UPDATE 1-Apple slips as supply woes weigh on holiday sales forecast

  26-10-2016 18:51
  
  Oct 26 (Reuters) - Apple Inc's shares slipped as
  much as 4 percent after the company said it was struggling to
  keep up with demand for its large-screen, higher-margin iPhone 7
  Plus, potentially...
  
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• GBP/USD Technical Analysis: The False Breakout as a Signal

  26-10-2016 18:46
  Sterling continues to put-in bearish price action, but a failed breakout yesterday could be signaling that new sellers are beginning to dry up.
  
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• In Short-Term, Fed Rate Hike Expectations Driving US Dollar Rally

  26-10-2016 18:30
  Markets are very confident that the November Fed meeting is procedural - it's December or bust for the rate hike.
  
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• Britain's FTSE hits 3-week low; commodities weigh

  26-10-2016 18:20
  
  LONDON, Oct 26 (Reuters) - Britain's top share index hit a
  three-week low on Wednesday, with hotel operator Whitbread
  falling on a raft of negative broker comments and
  Antofagasta dragging down...
  
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• Apple results weigh on Wall Street; oil cuts some losses

  26-10-2016 18:20 via news.yahoo.com
  
  Apple's results weighed on U.S. equities on Wednesday after the technology giant posted its first annual revenue decline since 2001, offsetting a boost from Boeing's strong profit, while oil prices recovered from steep early losses. Shares of Apple, the world's most valuable public company, fell as much as 3.7 percent - set for their worst day in six months - after the company said sales of its flagship iPhones fell for the third quarter in a row. "The earnings season, on balance, has been much
  
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• US probes China-tied aluminum firms: report

  26-10-2016 18:02 via news.yahoo.com
  
  US authorities are investigating whether companies tied to a Chinese billionaire evaded punitive tariffs on aluminum imports, according to a media report on Wednesday. Agents from the Department of Homeland Security recently questioned US companies and former employees tied to Liu Zhongtian, founder of China Zhongwang Holdings Ltd, The Wall Street Journal reported, citing knowledgeable sources. Zhongwang aluminum products made in China are subject to import tariffs of as much as 374 percent beca
  
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• Wall Street pares losses on oil recovery; Apple still top drag

  26-10-2016 17:33 via news.yahoo.com
  
  Wall Street was lower on Wednesday morning as Apple's weak results weighed on technology stocks but a sharp recovery in oil prices limited some losses. Apple was the top drag on all three major indexes. Oil prices, which fell to as low as $49.65, were trading at session highs after data showed a surprise draw in U.S. crude inventories.
  
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• Apple, commodity strains push global stocks down

  26-10-2016 17:11 via news.yahoo.com
  
  World stock markets mostly retreated Wednesday, weighed down by miners' shares and oil prices, while Apple dragged Wall Street lower, traders said.
  
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• Wall Street leaders too insulated, says watchdog for U.S. rescue fund

  26-10-2016 17:07 via news.yahoo.com
  
  Wall Street executives are too shielded from prosecution and should answer for misdeeds committed by underlings, the watchdog for a multibillion-dollar bailout said on Wednesday. Senior banking officials should attest each year that their companies are free of criminal fraud and civil abuse, said Christy Goldsmith Romero, special inspector general of the Troubled Asset Relief Program. In 2008, Congress created TARP to buttress a financial system crippled by crashes in the housing and stock marke
  
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• Canadian Dollar Weakness to Persist as BoC Adopts Dovish Outlook

  26-10-2016 17:02
  The Canadian dollar remains at risk of facing headwinds over the remainder of the year as the Bank of Canada (BoC) adopts a dovish outlook for monetary policy.
  
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• TSX falls as earnings misses, oil price fall weigh

  26-10-2016 16:30 via news.yahoo.com
  
  TORONTO (Reuters) - Canada's main stock index fell in morning trade on Wednesday as energy shares followed oil prices lower, a small financial technology company plunged after its earnings missed expectations, and the country's largest railway posted a fall in revenue. The energy group retreated 1.4 percent, with oil back below $50 a barrel as U.S. inventories rose and more doubts emerged about OPEC's ability to strike an effective deal to cut production next month. [O/R] Canadian National Railw
  
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• MIDEAST STOCKS-Gulf markets weighed by low oil prices, weak earnings

  26-10-2016 16:09 via news.yahoo.com
  
  DUBAI, Oct 26 (Reuters) - Gulf stock markets saw lacklustre trade on Wednesday as low oil prices and weak earnings weighed on investor sentiment. Crude prices declined for a third day, hovering near $50 a barrel for the first time in three weeks, amid doubts that OPEC members will agree to a cut output. "Investor sentiment appears to be weak in general on low earnings visibility," said Vijay Harpalani, fund manager at Dubai-based Al Mal Capital. The potential for an agreement among OPEC producer
  
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• Wall Street lower, Apple set for worst day in 6 months

  26-10-2016 16:08 via news.yahoo.com
  
  Wall Street was lower on Wednesday morning as Apple's weak results weighed on technology stocks and oil prices fell amid worries of oversupply. Apple was the top drag on all three major indexes. Overall earnings of S&P 500 companies are expected to rise 1.8 percent, snapping a four-quarter streak of profit declines, according to Thomson Reuters I/B/E/S. Excluding Apple, earnings are expected to rise 2.5 percent.
  
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• Wall St. lower, Apple set for worst day in six months

  26-10-2016 16:06 via news.yahoo.com
  
  (Reuters) - Wall Street was lower on Wednesday morning as Apple's weak results weighed on technology stocks and oil prices fell amid worries of oversupply.
  
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• Wall St. rescue fund watchdog says U.S. bank heads too insulated

  26-10-2016 15:33 via rocketnews.com
  
  By Patrick Rucker
  WASHINGTON (Reuters) – Wall Street executives are too shielded from prosecution and should answer for misdeeds committed by underlings, the watchdog for a multibillion-dollar bailout said on Wednesday.
  Senior banking officials should attest each year that their companies are free of criminal fraud and civil abuse, said Christy Goldsmith Romero, special inspector general of the Troubled Asset Relief Program.
  “Every executive should be able to conduct due diligence,&
  
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• Books covered for Misys' London IPO - sources

  26-10-2016 15:11 via news.yahoo.com
  
  LONDON (Reuters) - The books have been covered for banking software company Misys' initial public offering (IPO), sources said on Wednesday, after more than a week of book building. Bankers working on the deal had said they were confident the listing would go ahead despite what is seen as a difficult market for prospective stock market listings following several cancelled or postponed IPOs. (Reporting by Dasha Afanasieva, editing by Sinead Cruise)
  
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• Books covered for Misys' London IPO – sources

  26-10-2016 15:11 via rocketnews.com
  
  A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange in London, Britain, October 1, 2008. REUTERS/Toby Melville/File Photo
  MoreLONDON (Reuters) – The books have been covered for banking software company Misys’ initial public offering (IPO), sources said on Wednesday, after more than a week of book building.
  Bankers working on the deal had said they were confident the listing would go ahead despite what is seen as a difficult market for pr
  
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• Dollar Softens to Support - Is the Bullish Move Ready to Run?

  26-10-2016 15:02
  The Dollar has put in an aggressive move of strength so far in October; but is seeing its first support test of a prior 'higher-low.' Is the bullish move in USD ready for resumption?
  
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• Wall Street set to open lower as Apple drags

  26-10-2016 14:51 via news.yahoo.com
  
  (Reuters) - U.S. stock index futures pointed to the second straight day of decline at the open, with Apple dropping on disappointing quarterly sales and oil prices pressured by lingering concerns about a glut.
  
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• Coke profit falls 28 percent, but beats expectations

  26-10-2016 14:34 via news.yahoo.com
  
  Coca-Cola's profit fell 28 percent in the third quarter, but its results still beat Wall Street expectations. Its shares rose before the stock market opened Wednesday. The world's largest beverage maker ...
  
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• Global stocks hit by gloom on Wall Street, lower oil prices

  26-10-2016 13:17 via news.yahoo.com
  
  TOKYO (AP) — Global stock markets fell on Wednesday after some disappointing earnings reports and as a drop in oil prices dragged down shares in energy companies.
  
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