Asian shares climb on strong US corporate earnings, data

Business 10/17/18, 02:52

Asian markets rose on Wednesday as robust U.S. corporate earnings and encouraging data assuaged worries about softening global growth.KEEPING SCORE: Japan's benchmark Nikkei 225 jumped 1.3 percent to 22,836.07. The Kospi in South Korea advanced 1.0 percent to 2,165.42. The Shanghai Composite rose 0.7 percent to 2,564.73. Australia's S&P/ASX 200 ...

CSX railroad nearly doubles 3Q profit as reforms chug ahead

Florida 10/16/18, 12:33

CSX Corp. hauled in nearly double the profits it reported in last year's third quarter when the railroad was struggling with service problems as it implemented its new operating model.The Jacksonville, Florida-based company said Tuesday it earned $894 million, or $1.05 per share, in the quarter. That's up from $459 ...

Global stocks jump, helped by strong earnings in the US

Business 10/16/18, 10:14

World stock markets are turning higher again Tuesday, helped by strong earnings reports from major U.S. companies. Investment banks Morgan Stanley and Goldman Sachs, health care products company Johnson & Johnson and health insurer UnitedHealth all climbed after announcing their third-quarter results. Technology companies are also rising after their recent ...

UnitedHealth beats all around in 3Q, raises outlook again

Business 10/16/18, 09:31

UnitedHealth reported better-than-expected profits and revenue for the third quarter and the company raised its outlook yet again on strong trends in the insurance business.Earnings for the largest U.S. health insurer jumped almost 30 percent to $3.19 billion, or $3.24. Earnings, adjusted for one-time gains and costs, came to $3.41 ...

Swallowing $16B purchase of Flipkart, Walmart cuts outlook

Business 10/16/18, 09:30

Walmart trimmed its profit outlook citing this year's $16 billion acquisition of the Indian online retailer Flipkart, its biggest deal ever.The company said on Tuesday that U.S. online sales growth would slow to 35 percent, from last quarter's 40 percent growth.Since buying Jet.com for more than $3 billion two years ...

This Week: Netflix earns, Fed minutes, existing home sales

Business 10/15/18, 01:13

A look at some of the key business events and economic indicators upcoming this week:CAUSE FOR CONCERN?Wall Street expects another solid quarterly snapshot from Netflix.Financial analysts predict the video streaming service will report Tuesday that its third-quarter earnings and revenue increased versus a year earlier. That would be in line ...

What could soothe markets? Solid earnings, economic reports

Business 10/12/18, 18:42

After a harrowing week for financial markets, investors will look for solid corporate earnings reports and healthy economic news over the next few weeks to calm things down.This week, sharply higher bond yields, fears of faster rate hikes, and the prospect of a long trade war between the United States ...

Citigroup profit rises to $4.6 billion, beats Street views

Business 10/12/18, 08:43

Citigroup Inc. says third-quarter net income rose to $4.62 billion from $4.13 billion a year ago.The bank, based in New York, said it had earnings of $1.73 per share. Earnings, adjusted to account for discontinued operations, were $1.74 per share.The results topped Wall Street expectations. The average estimate of seven ...

Wells Fargo 3Q profit rises to $6 bln but misses estimates

Business 10/12/18, 08:31

Wells Fargo & Co. says third-quarter net income rose to $6.01 billion from $4.54 billion a year earlier.The bank, based in San Francisco, says it had earnings per share of $1.13, compared with 83 cents a year ago.The results missed Wall Street expectations. The average estimate of nine analysts surveyed ...

Can earnings season come to the rescue for stocks?

Business 10/11/18, 15:59

The last time the stock market was falling this much , this fast, earnings season helped come to the rescue.Stocks swooned in March. Then a parade of companies lined up to report profits that were even fatter than Wall Street had forecast, which helped turn momentum and get stocks back ...

Markets Right Now: US stocks fall as banks see losses

U.S. 10/11/18, 12:12

The latest on developments in financial markets (all times local):11:55 a.m.U.S. stocks are falling again a day after their biggest drop since February. Some early relief over a tame report on inflation gave way to renewed selling.Banks are taking some of the biggest losses. JPMorgan and Bank of America are ...

Bed Bath & Beyond nosedives after cutting forecasts

Business 09/27/18, 12:50

Bed Bath & Beyond's stock plunged to its lowest price in 18 years after the home goods store chain posted weak results in the second quarter and cut its forecasts for the rest of the year.The company's profit fell by almost 50 percent compared to a year ago. Its stock ...

Nike’s ‘message’ marketing strikes a chord

Football 09/25/18, 13:51

Nike caused an uproar earlier this month with its ad featuring former NFL quarterback Colin Kaepernick that debuted just as the football season was about to begin. But the shoe maker's stock is up and sales have been steady.The furor seems to have died down as the company reports earnings ...

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