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Global financial news, market analysis, economics and forex news

U.S. Existing Home Sales Rebound To Highest Level In A Year
Tue, 21 Oct 2014 14:47:49 GMT - Existing home sales in the U.S. increased by more than anticipated in the month of September, according to a report released by the National Association of Realtors on Tuesday, with sales bouncing back to their highest level in a year.
Canadian Pacific Q3 Profit Up 23%, But Revenues Miss View
Tue, 21 Oct 2014 14:41:43 GMT - Canada's second-largest railroad operator Canadian Pacific Railway Ltd. on Tuesday reported a 23 percent increase in profit for the third quarter from last year, reflecting growth in freight revenue on higher grain and crude oil shipments. However, revenue for the quarter missed analysts' expectations.
Positive Reaction To Earnings Leads To Strength On Wall Street - U.S. Commentary
Tue, 21 Oct 2014 14:29:27 GMT - Stocks have moved mostly higher in early trading on Tuesday, extending the upward trend seen over the past few sessions. The major averages have all climbed firmly into positive territory, bouncing further off last week's lows.
Verizon Q3 Profit Up, But Misses Estimates
Tue, 21 Oct 2014 14:02:06 GMT - Telecom giant Verizon Communications Inc. Tuesday reported a rise in the third-quarter profit, as revenues grew more than 4 percent, with strong customer additions. Earnings per share missed analysts' estimates, while revenues came slightly above view.
McDonald's Q3 Profit Down 30%, Results Miss View
Tue, 21 Oct 2014 13:49:39 GMT - Fast food giant McDonald's Corp. on Tuesday reported a 30 percent decline in profit for the third quarter from last year, reflecting lower revenues amid negative guest traffic in all major segments and the impact of a supplier issue in China. Both revenue and earnings per share for the quarter missed analysts' estimates.
Coca-Cola Profit Meets View Despite Sluggish Sales, Expands Cost Cutting
Tue, 21 Oct 2014 13:28:31 GMT - Beverages giant Coca-Cola Co. reported Tuesday a profit for the third quarter that decreased 14 percent from last year, despite higher worldwide volumes, reflecting a revenue drop. Adjusted earnings per share matched analysts' expectations, even as quarterly revenues missed their estimates. Following the announcement, the company's shares are trading more than five percent lower in early deals.
Kimberly-Clark Q3 Results Top View, To Cut Up To 1,300 Jobs
Tue, 21 Oct 2014 13:03:33 GMT - Healthcare products maker Kimberly-Clark Corp. (KMB) Tuesday reported third-quarter results that topped estimates. Further, the company reduced its earnings outlook for the year, assuming the spin-off of its health care business occurs at the end of October.
Stocks May See Early Strength In Reaction To Earnings News - U.S. Commentary
Tue, 21 Oct 2014 12:59:27 GMT - After ending the previous session notably higher, stocks are likely to see some further upside in early trading on Tuesday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 60 points.
Lockheed Martin Q3 Profit Rises, Beats View; But Revenues Miss
Tue, 21 Oct 2014 12:43:52 GMT - Defense contractor Lockheed Martin Corp. on Tuesday reported a 2 percent increase in profit for the third quarter from last year, reflecting lower pension costs and improved operating margins that helped offset a decline in sales. Earnings per share beat analysts' expectations, while revenues missed their estimates.
Reynolds American Q3 Results Top Estimates, Backs 2014 Outlook
Tue, 21 Oct 2014 12:23:13 GMT - Tobacco company Reynolds American, which agreed to acquire smaller rival Lorillard, reported Tuesday a profit for the third quarter that increased two percent from last year, despite lower cigarette volumes, reflecting higher cigarette and moist-snuff pricing, and improved operating margins. The company reported earnings and margin growth across its reportable business segments.
Travelers Q3 Profit Rises, Beats Estimates
Tue, 21 Oct 2014 12:20:17 GMT - Property casualty insurer Travelers Companies, Inc. Tuesday reported higher third-quarter profit, reflecting a decline in catastrophe losses and rise in investment income. Earnings per share topped analysts' expectations. The company said its result also benefited from net realized investment gains.
"Blade Runner" Pistorius Gets 5 Years In Jail For Killing Girlfriend
Tue, 21 Oct 2014 11:14:29 GMT - South African "Blade Runner" Oscar Pistorius has been sentenced to five years in prison over the killing of his girlfriend and model Reeva Steenkamp. Judge Thokozile Masipa, who found Pistorius guilty of culpable homicide last month, delivered the verdict at the High Court in Pretoria on Tuesday.
Wall Street Upbeat Ahead Of Housing Report
Tue, 21 Oct 2014 10:38:11 GMT - Trading in the index futures suggests that Wall Street stocks may open notably higher on Tuesday after staying afloat yesterday. Positive earnings from blue chips such as Apple and better than expected Chinese GDP data could provide some reason for traders to pick up stocks.
Asian Stocks Mixed After China Data
Tue, 21 Oct 2014 09:46:58 GMT - Asian stocks parred early gains to end mixed on Tuesday, as concerns over sluggish economic growth in China and the risk of deflation in Europe kept traders on tenterhooks. Risk-averse investors also pondered over timing and extent of policy tightening in the U.S. ahead of the Federal Open Market Committee meeting at the end of October. Most economists expect the Fed to end its bond-buying program next week as scheduled, while reassuring its pledge to keep interest rates low for a "considerable time."
Reckitt Benckiser Revenue Declines; Sees Annual Growth At Low End Of View
Tue, 21 Oct 2014 07:50:59 GMT - Consumer goods giant Reckitt Benckiser Group Plc Tuesday reported 7 percent decline in the third-quarter revenue amid tough market conditions. At constant exchange rates, sales increased 2 percent. Looking ahead, the company said it expects to deliver full-year revenue growth at the lower end of its target range.
ARM Q3 Profit Climbs; Sees Q4 Revenues In-line With Market View
Tue, 21 Oct 2014 07:07:08 GMT - Chipmaker ARM Holdings Plc. reported Tuesday higher profit in its third quarter, boosted by improved performance in both licensing and royalty segments, despite weak margins. For the fourth quarter, the company expects revenues in dollar terms to be in-line with market estimates.
European Stocks Seen Rising After Solid Apple Earnings
Tue, 21 Oct 2014 06:30:04 GMT - European stocks look set to inch higher on Tuesday, with tech stocks likely to be in focus after Apple Inc. posted third-quarter earnings that beat analysts' expectations on strong iPhone sales.
China's GDP Registers Weakest Growth Since 2009
Tue, 21 Oct 2014 05:47:31 GMT - The Chinese economy logged its weakest expansion since early 2009 in the third quarter as slowdown in investment, particularly in the property sector, continued to drag the recovery. Gross domestic product grew 7.3 percent in the third quarter from a year ago, slower than the 7.5 percent expansion seen a quarter ago, the National Bureau of Statistics reported Tuesday.
NBIX For The Long Haul, RegeneRx Catches Investors' Eyes, NewLink Inks New Deal
Tue, 21 Oct 2014 03:47:35 GMT - NewLink Genetics Corp. has entered into an exclusive worldwide license agreement with Genentech, a member of the Roche Group, for the development of NLG919, NewLink's IDO pathway inhibitor.
Asian Markets Mixed Amid Cautious Trades
Tue, 21 Oct 2014 03:31:50 GMT - Asian stock markets are turning in a mixed performance on Tuesday, with investors digesting some crucial economic data out of China. Though Wall Street ended higher overnight, extending the previous session's gains, buying interest in Asian markets remain somewhat subdued today.
Chipotle Mexican Grill Q3 Profit Surges, Sees Sales Slowdown
Mon, 20 Oct 2014 22:10:06 GMT - Chipotle Mexican Grill Inc. (CMG) Monday reported a 57 percent jump in profit for the third quarter, as revenues surged on new restaurant openings and strong same-restaurant sales. Earnings and revenues for the quarter trounced Wall Street expectations. However, despite positive results, the restaurant chain maintained its full-year sales growth outlook and expects growth to slow down next year.
Texas Instruments Q3 Profit Tops Estimate, Details Strong Outlook
Mon, 20 Oct 2014 22:01:58 GMT - Texas Instruments Inc reported a 31 percent jump in third-quarter profit, led by growth in revenues and margins, with results topping Wall Street estimates. The company detailed a strong outlook for the fourth quarter, sending its shares up 2.5 percent in after-hours trade on the Nasdaq.
Apple Profit Climbs 13% On Strong IPhone Sales
Mon, 20 Oct 2014 21:53:30 GMT - Apple Inc. said Monday that its fourth quarter profit rose 13% from last year, driven by strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company gave an upbeat revenue forecast for the current quarter, which includes the all important holiday season.
Stocks Extend Recovery Ahead Of Apple Earnings - U.S. Commentary
Mon, 20 Oct 2014 20:22:11 GMT - Stocks moved notably higher over the course of the trading day on Monday, extending the strong upward move seen last Friday. The gains on the day continued the recent recovery by the markets, with the Nasdaq and the S&P 500 closing higher for the third consecutive session.
Crude Oil Ends Lower On Demand Concerns, Ahead Of Supply Data
Mon, 20 Oct 2014 19:07:07 GMT - U.S. crude oil snapped a two-day gain to end lower on Monday, ahead of the weekly inventory data following some soft demand amid speculation of excess supply globally, even as markets look to steady after a volatile week brought on by concerns over the global economy.
Obama Takes Advantage Of Early Voting In Illinois
Mon, 20 Oct 2014 18:33:42 GMT - President Barack Obama was back in his hometown of Chicago on Monday to participate in the first day of early voting in the state of Illinois. Obama indicated at an event Sunday night that he intended to vote to re-elect Sen. Dick Durbin, D-Ill., and Illinois Gov. Pat Quinn.
Gold Ends Higher As Dollar Weakens
Mon, 20 Oct 2014 17:54:52 GMT - Gold futures snapped a two-day loss to end higher on Monday, as the dollar trended lower against some major currencies with investors seeking the safe haven status of the precious metal amid worries over the eurozone economy, with added speculation the U.S. Federal Reserve may not hike rates soon.
Cleco To Be Acquired By Investor Group For $3.4 Bln - Update
Mon, 20 Oct 2014 16:54:26 GMT - Utility Cleco Corp. (CNL) Monday said it has agreed to be acquired by an investor group led by Australia's Macquarie Group Ltd. for $3.4 billion. The shares of Pineville, Louisiana-based power company is currently up over 10 percent, following the news.
Stocks Mostly Higher But IBM Continues To Weigh On Dow - U.S. Commentary
Mon, 20 Oct 2014 16:22:23 GMT - Stocks have moved mostly higher over the course of the trading day on Monday, extending the strong upward move that was seen last Friday. The major averages are currently turning in a mixed performance, however, with a steep drop by shares of IBM (IBM) weighing on the Dow.
Ted Cruz Outlines Priorities For Republican-Controlled Senate
Mon, 20 Oct 2014 15:54:34 GMT - While Republicans have largely tried to frame the upcoming midterm elections as a referendum on President Barack Obama, Sen. Ted Cruz, R-Tex., has joined the few offering guidance on what the GOP will do if it manages to retake control of the Senate.

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