Finance news Stories
By Herbert Lash NEW YORK (Reuters) – Global equity markets edged higher on Wednesday, lifted by a raft of solid corporate results and benign U.S. inflation data that may encourage the Federal Reserve to keep interest rates lower for longer. … Continue reading
By Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks rose on Wednesday, with the SP 500 up for a fifth straight day as technology companies rallied on strong results, though weakness in Boeing weighed on the Dow. With the session’s … Continue reading
* FTSEurofirst 300 up 0.7 pct, U.S. data provides lift * GSK, Hexagon (Other OTC: HXGBY – news) rally after positive results * Spanish news agency says 11 EU banks to fail stress test (Adds closing prices with no other … Continue reading
By Alwyn Scott (Reuters) – Boeing Co reported an 18 percent increase in quarterly profit and raised its full-year core earnings forecast for the third time, reflecting booming commercial aircraft demand and increasing profitability in its defense business. But shares … Continue reading
By Simon Jessop LONDON (Reuters) – Fixed income investment firm Pimco’s global banking specialist, Philippe Bodereau, expects 18 banks will be seen to have failed the European Central Bank’s stress test of 130 regional lenders when results are published by … Continue reading
Warren Buffett is happy to admit his mistakes when he makes them-just don’t remind him how much money he lost in the process. IBM and Coke represent two of Berkshire Hathaway’s (BRK-A) three biggest investments, but their operational missteps have … Continue reading
Over the past week, the stock market has gone from full-fledged panic to a powerful rebound. The SP 500 has moved back over its 200-day moving average. The Russell 2000 small-cap index, which led the overall market lower after forming … Continue reading
If the definition of insanity is “doing the same thing over and over again and expecting a different result,” then clearly Albert Einstein is not responsible for America’s housing policies. Federal Housing Finance Agency director Mel Watt on Tuesday unveiled … Continue reading
TORONTO (Reuters) – Canadian National Railway Co reported higher third-quarter earnings on Tuesday as revenue jumped on higher freight volumes. The biggest Canadian railroad moved 1.5 million carloads of freight in the quarter to Sept. 30, up 11 percent from … Continue reading
By Nick Brown and Noel Randewich (Reuters) – Apple and GT Advanced Technologies Inc struck an agreement on Tuesday that will let GT begin the shutdown of key Arizona operations, and shed some more light on why the former stock … Continue reading
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