Home   |   Business News   |   Personal Finance   |   World News   |   U.S. News   |   Technology   |   Stock Alert   |   Stock Picks  |   Breaking News  |   Forex  |   Gold
Custom Search

Health care leads US stocks higher on solid earnings

FILE - This Monday, Aug. 24, 2015, file photo shows the New York Stock Exchange. U.S. stocks continue to slide early Wednesday, Oct. 26, 2016. Technology companies are taking some of the biggest losses as investors weren?t impressed with Apple?s latest results. Energy companies are falling with the price of oil. (AP Photo/Seth Wenig, File)NEW YORK (AP) ? U.S. stocks are edging higher Thursday morning as health care companies rise following strong earnings for companies including drugmaker Bristol-Myers Squibb. Real estate companies continue to fall, and banks move higher as bond yields surge. Chipmaker Qualcomm said it will buy competitor NXP Semiconductors for $38 billion.

Twitter beats estimates, cuts jobs with eye on 2017 profitability

The Twitter logo is displayed on a screen on the floor of the NYSETwitter Inc said Thursday it would cut 9 percent of its global workforce to keep costs down as the microblogging service reported quarterly results that beat Wall Street expectations, lifting shares. Excluding items, the company earned 13 cents per share, beating the average estimate of 9 cents, according to Thomson Reuters I/B/E/S. The company is "more disciplined about how we invest in the business" and intends to be profitable in 2017, said Chief Financial Officer Anthony Noto. Among its priorities, Twitter is dedicated to growing its burgeoning live video offerings through partnerships with organizations such as the National Football League, Noto said.

Healthcare, tech stocks drive Wall Street higher

A woman passes by the New York Stock Exchange during the morning commute in New York CityProfits at S&P 500 companies have largely exceeded analysts' estimates for the third quarter so far, setting up for the first profit growth since the second quarter of 2015. Overall earnings for the S&P 500 companies in the latest quarter are expected to rise 2.2 percent, according to Thomson Reuters I/B/E/S. Investors also took Qualcomm's deal to buy NXP Semiconductors for about $47 billion as a sign of confidence in the U.S. equity market. NXP's shares rose 2.32 percent, while Qualcomm was the top stock on the S&P at 4 percent higher.

Volkswagen raises earnings outlook as it returns to profit

FILE - In this Oct. 5, 2015, file photo, the VW sign of Germany's Volkswagen car company is displayed at the building of a company's retailer in Berlin. Volkswagen is scheduled to present its third quarter figures Thursday, Oct. 27, 2016. (AP Photo/Markus Schreiber, File)FRANKFURT, Germany (AP) ? Volkswagen raised its sales and earnings outlook Thursday after bouncing back to a profit of 2.34 billion euros ($2.55 billion) in the third quarter from a large loss a year earlier, when it took a big charge from its car emissions scandal.

Deutsche Bank lags Wall Street in bond trading comeback

Deutsche Bank benefited from the rising tide in bond trading in the third quarter of 2016, but as it struggles with the protracted overhaul of its investment bank, Wall Street rivals are stealing a march. The volatile markets between July and September, sparked by Britain's vote to leave the European Union and bouts of anxiety about monetary policy around the world, would normally be perfect conditions for Deutsche Bank's fixed-income business to turn a hefty profit. Indeed revenues at its cash-cow bond trading division were up 14 percent compared with the same period last year to nearly 2.1 billion euros ($2.29 billion), helping the German lender post an unexpected quarterly profit on Thursday.

Software tycoons eye 300m payday even as IPO market stalls

Software tycoons eye 300m payday even as IPO market stallsA group of software entrepreneurs are drawing up plans for a 300m flotation or sale even as London's market for new share offerings continues to stall. Sky News understands that CHP Consulting, which provides end-to-end software across industries including automotive finance?, has appointed bankers at Rothschild to review options for the future of the company. CHP, which is said to be likely to be worth more than 300m, plans to decide next year whether it will pursue a sale or stock market listing, according to people close to it.

Buyout firm Blackstone third-quarter earnings beat estimates

The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock ExchangeBlackstone Group LP , the world's biggest alternative asset manager, posted stronger-than-expected third-quarter earnings on Thursday as its real estate, private equity and credit investments posted sharp turnarounds. Performances across all of Blackstone's main businesses -- buyouts, real estate, hedge funds and credit -- improved markedly compared with year ago, when a plunging U.S. stock market pushed investments into the red.

Aetna tops Street 3Q expectations, narrows 2016 forecast

FILE - In this Tuesday, Aug. 19, 2014, file photo, a pedestrian walks past a sign for Aetna Inc., at the company headquarters in Hartford, Conn. Aetna reports financial results Thursday, Oct. 27, 2016. (AP Photo/Jessica Hill, File)Aetna's third-quarter earnings rose nearly 8 percent to top Wall Street forecasts, as growing government business and cost cutting countered higher costs from the health insurer's Affordable Care Act coverage.

   S & P 500




   Latest News From CNN Money

Apple may launch first MacBook Pro in 4 years
Walmart is deploying an army of 'holiday helpers'
India's corporate giant gripped by boardroom bust up
Twitter to lay off 9% of staff
What Brexit? Nissan commits to 7,000 U.K. jobs
   Latest News From The Wall Street Journal
  Business News
  Personal Finance
  World News
  U.S. News


                 Copyright 2007-, Invest.