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Stocks Showing A Lack Of Direction In Early Trading - U.S. Commentary
Thu, 30 Oct 2014 14:43:32 GMT - After ending the previous session modestly lower, stocks are turning in a lackluster performance in early trading on Thursday. The major averages have turned mixed on the day, with the Dow benefiting from a strong gain by shares of Visa (V).
MasterCard Q3 Profit Up 15%, Results Beat View
Thu, 30 Oct 2014 14:24:49 GMT - MasterCard, Inc. on Thursday reported a 15 percent increase in profit for the third quarter from last year, reflecting double-digit revenue growth as shoppers increasingly used credit and debit cards for payments. Both earnings per share and quarterly revenues topped analysts' expectations.
New York Times Q3 Adj Profit Tops View, But Revenues Miss
Thu, 30 Oct 2014 14:22:19 GMT - New York Times Co. reported Thursday a net loss for the third quarter that narrowed from last year, which was weighed down by loss from discontinued operations. An increase in circulation revenues failed to offset slumping ad sales. Adjusted earnings per share from continuing operations topped analysts' expectations, while quarterly revenues missed their estimates.
Cardinal Health Q1 Results Top Estimates; Backs Full-year Outlook
Thu, 30 Oct 2014 14:13:13 GMT - Healthcare services company Cardinal Health Inc. Thursday reported lower first-quarter profit, amid marginal decline in revenues. However, adjusted earnings, as well as revenues topped analysts' estimates. The company reaffirmed its adjusted earnings outlook for fiscal year 2015.
ConocoPhillips Q3 Profit Rises, Beats View; Lowers Q4 Production Outlook
Thu, 30 Oct 2014 13:53:16 GMT - Energy giant ConocoPhillips on Thursday reported a 9 percent increase in profit for the third quarter from last year, helped by a gain on an asset sale in Nigeria and higher production that helped offset lower revenue amid lower realized prices. Adjusted earnings per share for the quarter topped analysts' expectations, while revenues missed their estimates.
Burkina Faso Parliament Set On Fire Protesting Move To Extend Presidential Term
Thu, 30 Oct 2014 13:47:03 GMT - Hundreds of protesters stormed Burkina Faso's parliament on Thursday and set fire to the building, preventing the lawmakers from considering a bill to extend the president's 27-year rule. Security forces opened fire on protesters, as they looted computers and televisions in the National Assembly, news agencies reported. The angry crowd then marched towards the President's office, before they were
Kellogg Profit Down On Lagging Cereal Sales
Thu, 30 Oct 2014 13:41:55 GMT - Cereal maker Kellogg Co. reported Thursday a profit for the third quarter that decreased from last year, reflecting a drop in sales of breakfast foods including cereal. Adjusted earnings per share topped analysts' expectations, while quarterly sales missed their estimates. The company also reaffirmed guidance range for the full-year 2014.
U.S. Economy Grows Faster Than Anticipated In Q3
Thu, 30 Oct 2014 13:38:36 GMT - U.S. economic activity increased by more than expected in the third quarter of 2014, according to a report released by the Commerce Department on Thursday. The Commerce Department said GDP increased by 3.5 percent in the third quarter compared to 3.0 percent growth expected by economists.
U.S. Weekly Jobless Claims Tick Up To 287,000
Thu, 30 Oct 2014 13:18:53 GMT - First-time claims for U.S. unemployment benefits saw a modest increase in the week ended October 25th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged up to 287,000, an increase of 3,000 from the previous week's revised level of 284,000.
Cigna Q3 Profit Declines, Revenues Up; Lifts Full-year Outlook
Thu, 30 Oct 2014 13:18:06 GMT - Health insurer Cigna Corp. Thursday reported a decline in the third-quarter profit, despite 9 percent growth in revenues. Earnings per share, however, increased from last year. The company lifted its adjusted earnings per share outlook for full year 2014.
Renewed Interest Rate Worries May Weigh On Wall Street - U.S. Commentary
Thu, 30 Oct 2014 12:57:46 GMT - Stocks may move to the downside in early trading on Thursday, adding to the modest losses posted in the previous session. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 30 points.
German Unemployment Drops Unexpectedly
Thu, 30 Oct 2014 12:37:59 GMT - Germany's unemployment declined unexpectedly in October, suggesting an improvement in the labor market conditions despite weak economic developments. The number of people out of work decreased by 22,000 to 2.887 million in October, data from the Federal Labor Agency revealed Thursday. Economists had forecast an increase of 4,000.
Eurozone Economic Confidence Picks Up Unexpectedly
Thu, 30 Oct 2014 12:01:07 GMT - Economic confidence in the eurozone picked up in October from a 10-month low, with broad based improvement across sectors, the results of a survey by the European Commission showed Thursday. The economic confidence index rose unexpectedly to 100.7 in October from 99.9 in the prior month. The score was expected to fall to 99.7.
Barclays Pre-tax Profit Up; Sets Aside GBP500 Mln For Forex Probe
Thu, 30 Oct 2014 11:34:08 GMT - British lender Barclays Plc Thursday reported higher profit before tax for the third quarter, and nine-month period. The bank has set aside 500 million pounds related to ongoing investigations into Foreign Exchange with certain regulatory authorities, and an additional 170 million pounds for PPI compensation.
US Stocks Set For Tepid Start
Thu, 30 Oct 2014 10:34:00 GMT - After yesterday's nervousness amid the FOMC announcement, Wall Street looks set to start Thursday's session slightly lower. Global cues are mixed, with Asian stocks closing mixed, while the European markets have fallen notably after a positive open. While economic data and earnings continue to be supportive, there are fears that the Federal Reserve may prematurely begin hiking rates. Sentiment in the domestic markets may also depend on the advance third quarter GDP estimate and the weekly jobless claims data due ahead of the market open and a speech by Federal Reserve Chair Janet Yellen.
Alcatel-Lucent Q3 Loss Narrows; Stock Up
Thu, 30 Oct 2014 10:31:58 GMT - French telecom equipment maker Alcatel-Lucent SA Thursday reported a narrower loss for the third quarter, reflecting improved margins due to better profitability in several business lines as well as favourable mix. Revenues fell about 6 percent from last year. The shares were up more than 10 percent in Paris.
Asian Stocks Mostly Higher After Fed Meet
Thu, 30 Oct 2014 09:30:39 GMT - Asian stocks rose broadly on Thursday as investors digested some upbeat corporate earnings reports and took the U.S. Federal Reserve's decision to end its massive quantitative easing program in their stride.
Shell Q3 CCS Earnings Rise; Names Charles Holliday Chairman
Thu, 30 Oct 2014 08:34:10 GMT - European oil giant Royal Dutch Shell Plc. (RDS-B, RDSB.L, RDSA.L, RDS-A) Thursday said third-quarter net profit declined from the prior year, amid lower production. But, adjusted earnings on a current cost of supplies basis, an important metric for energy companies, showed a significant increase, benefiting from improved Downstream and Upstream results.
Lufthansa Q3 Profit Rises; Backs 2014 Outlook
Thu, 30 Oct 2014 08:30:50 GMT - German aviation group Deutsche Lufthansa AG Thursday reported higher third-quarter profit, amid growth in revenues and passenger traffic. The firm also confirmed its full-year 2014 operating profit projection of 1 billion euros.
European Stocks Seen Little Changed After FOMC Statement
Thu, 30 Oct 2014 07:23:16 GMT - European stocks are seen opening on a flat note Thursday after the U.S. Federal Reserve delivered a slightly more hawkish policy statement.
Asian Markets Mostly Trade Higher
Thu, 30 Oct 2014 04:14:35 GMT - Asian stock markets are mostly trading higher on Thursday, with investors reacting positively to the U.S. Federal Reserve's decision to end its asset buying program and the comments that interest rates will remain near zero for a considerable period of time even as it raised the outlook for the labor market.
Samsung Q3 Profit Halves Amid Fall In Demand For Smartphones, Tablets
Thu, 30 Oct 2014 03:09:25 GMT - South Korean conglomerate Samsung Electronics Co. Ltd. reported Thursday a profit for the third quarter that nearly halved from from last year, reflecting the continued drop in demand for its flagship Galaxy smartphones tablets amid stiff competition, partially offset by the improving performance in the chip business
Take-Two Q2 Loss Narrows, Lifts FY Outlook - Update
Wed, 29 Oct 2014 22:23:15 GMT - Take-Two Interactive Software Inc. (TTWO) on Wednesday reported a loss for the second quarter that narrowed from a year ago, helped mainly by lower operating costs, and less than Wall Street estimates.
MetLife Profit Surges, Tops Estimate
Wed, 29 Oct 2014 22:16:22 GMT - MetLife reported a surge in third-quarter profit, led mainly by derivative gains and lower catastrophe losses, as both earnings and revenue topped Wall Street estimates.
Kraft Profit In Line, Sales Misses
Wed, 29 Oct 2014 22:06:48 GMT - Kraft Foods reported a decline in profit for the third quarter, hurt by higher commodity costs that offset a marginal climb in sales, with weak operating margins pronounced at the cheese, and meals and desserts segments.
Visa Results Top Estimates
Wed, 29 Oct 2014 21:35:12 GMT - Visa Inc., the world's largest payment card processor, said Wednesday that its fourth quarter profit fell 10% from last year, hurt mainly by a hefty litigation provision even as revenue increased 9%. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
Stocks Close Modestly Lower Following Fed Announcement - U.S. Commentary
Wed, 29 Oct 2014 20:24:09 GMT - Stocks saw considerable volatility following the Federal Reserve's monetary policy meeting on Wednesday but maintained a negative bias before closing modestly lower. The losses on the day partly offset the rally seen in the previous session.
Crude Oil Ends Higher After Fed Decision
Wed, 29 Oct 2014 19:05:26 GMT - U.S. crude oil surrendered gains but still closed higher on Wednesday, after the Federal Reserve ended its quantitative easing program while appearing upbeat on the economy, a cue that interest rates may be hiked sooner than markets anticipate.
Americans Give Economy Poor Rating As Elections Loom
Wed, 29 Oct 2014 18:26:14 GMT - Less than a week before Election Day, Democrats received another dose of bad news in the form of a CNN/ORC International survey showing a deterioration in the American public's perception of economic conditions. The poll found that 62 percent of Americans rated economic conditions as "somewhat poor" or "very poor."
Gold Ends Lower Ahead Of Fed Decision
Wed, 29 Oct 2014 17:59:21 GMT - Gold futures ended lower on Wednesday, ahead of the outcome from the U.S. Federal Reserve's monetary policy meet due later today, with investors expecting the Fed may not hike rates any time soon.

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