October 16, 2018

Big U.S. banks end third quarter on high note

Wall Street’s top investment banks enjoyed a strong third quarter as strength in stock trading and equity underwriting added to the benefits from a strong U.S. […]
October 16, 2018

U.S. industrial output rises; job openings at record high

U.S. industrial production increased for a fourth straight month in September, boosted by gains in manufacturing and mining output, but momentum slowed sharply in the third […]
October 16, 2018

Strong blue-chip results power Wall St. rally

The three main Wall Street indexes rose more than 1.5 percent on Tuesday as upbeat earnings from blue-chips such as Johnson & Johnson and Goldman Sachs […]
October 16, 2018

Activist investor Icahn takes stake in Dollar Tree – NY Post

Billionaire activist investor Carl Icahn is accumulating a significant stake in discount chain Dollar Tree Inc , the New York Post reported on Tuesday. Powered by […]
October 16, 2018

World stocks rebound with earnings in focus; oil slips

Stocks bounced back on Tuesday across the world, supported by earnings expectations, while oil prices fell on evidence of higher U.S. oil production and increasing U.S. […]
October 16, 2018

Google to charge smartphone makers for Google Play in Europe

U.S. tech giant Google will charge smartphone makers a licensing fee for using its popular Google Play app store and also allow them to use rival […]
October 16, 2018

Nomura to pay $480 million to U.S. over ‘fraudulent’ mortgage-backed securities

Nomura Holdings Inc has agreed to pay $480 million to resolve civil claims by the U.S. government that it misled investors in marketing residential mortgage-backed securities, […]
October 16, 2018

Walmart lowers earnings outlook to account for Flipkart acquisition

Walmart Inc lowered its earnings forecast for the year on Tuesday to include the impact from its acquisition of Indian e-commerce company Flipkart, and said its […]
October 16, 2018

Morgan Stanley profit beats on strength in equity trading, underwriting

Morgan Stanley beat estimates for quarterly profit on Tuesday as higher revenue from trading in stocks and strong equity underwriting outweighed weakness in its bond trading […]
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