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Stocks Extend Upward Trend On Upbeat Earnings News - U.S. Commentary
Fri, 24 Oct 2014 20:20:25 GMT - Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month.
Crude Oil Ends Sharply Lower On Strong Supplies
Fri, 24 Oct 2014 19:20:52 GMT - U.S. crude oil ended sharply lower on Friday, on demand growth concerns after news of strong supply from the Middle East, with markets discounting reports that Saudi Arabia has cut its crude output.
Brown Claims "Political Correctness" Preventing Ebola Travel Ban
Fri, 24 Oct 2014 18:53:16 GMT - Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban.
Gold Ends Higher On Eurozone Concerns; Sheds 0.6% For Week
Fri, 24 Oct 2014 18:04:27 GMT - Gold futures snapped a two-day loss to end higher Friday, on lingering concerns over the health of the eurozone economy, notwithstanding an unexpected improvement in German consumer sentiment in November. However, for the week, gold prices dropped about 0.6 percent.
Obama Discusses New Ebola Diagnosis With New York Officials
Fri, 24 Oct 2014 17:46:22 GMT - Following news that a patient at a New York City hospital has tested positive for Ebola, President Barack Obama called both Mayor Bill de Blasio and Governor Andrew Cuomo on Thursday.
Stocks Move Mostly Higher In Reaction To Earnings News - U.S. Commentary
Fri, 24 Oct 2014 16:10:00 GMT - After initially showing a lack of direction, stocks have moved mostly higher over the course of the trading day on Friday. With the gains on the day, the markets are extending the upward trend seen over the past several sessions.
Tea Party Republicans Much More Motivated Than Other Voters
Fri, 24 Oct 2014 15:25:53 GMT - In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
Stocks Turning In A Lackluster Performance In Early Trading - U.S. Commentary
Fri, 24 Oct 2014 14:46:58 GMT - Stocks are showing a lack of direction in early trading on Friday after ending the previous session sharply higher. The major averages have been bouncing back and forth across the unchanged line, unable to sustain any significant moves.
U.S. New Home Sales Inch Up From Downwardly Revised Level
Fri, 24 Oct 2014 14:28:34 GMT - While the Commerce Department released a report on Friday showing a modest increase in new home sales in the U.S. in the month of September, the uptick came from a significantly downwardly revised level in August.
Ford Q3 Profit Down 34%, But Beats View; Affirms Outlook
Fri, 24 Oct 2014 13:18:52 GMT - Automaker Ford Motor Co. on Friday reported a 34 percent decline in profit for the third quarter from last year, reflecting lower revenue and volume. This includes lower profit in North America due to higher warranty costs and lower volume. However, adjusted earnings per share for the quarter beat analysts' estimates. Ford affirmed its pre-tax profit guidance for fiscal 2014 and 2015.
Colgate-Palmolive Q3 Profit Declines, Adj. Earnings Meet View
Fri, 24 Oct 2014 13:09:06 GMT - Consumer goods giant Colgate-Palmolive Co. Friday reported a decline in the third-quarter profit, amid flat sales and lower margins. Organic sales grew 3.5 percent, with growth across all operating divisions. Adjusted earnings matched analysts' estimates.
UPS Third Quarter Results Top Estimates, Backs 2014 Outlook
Fri, 24 Oct 2014 13:08:25 GMT - Package delivery giant United Parcel Service, Inc. reported Friday a profit for the third quarter that grew 11 percent from last year, reflecting revenue growth amid improvements across operational segments. Earnings per share and quarterly revenues topped analysts' expectations. The company also reaffirmed its earnings guidance for the full-year 2014.
Renewed Ebola Worries May Weigh On Wall Street - U.S. Commentary
Fri, 24 Oct 2014 12:48:46 GMT - Following the rally seen in the previous session, stocks may give back some ground in early trading on Friday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 38 points.
ISIL Growing Rich By Smuggling Oil From Fields In Syria And Iraq
Fri, 24 Oct 2014 12:44:55 GMT - The terrorist group known as the Islamic State in Iraq and the Levant (ISIL) is earning about $1 million each day by smuggling oil out of the Middle East, according to the US Treasury Department. Speaking at the Carnegie Endowment for International Peace on Thursday, Under Secretary for Terrorism and Financial Intelligence David Cohen said "ISIL has raised a significant amount of its money - many
Procter & Gamble Profit Declines, To Exit Duracell Business
Fri, 24 Oct 2014 12:39:03 GMT - Consumer goods giant Procter & Gamble Co. reported Friday a profit for the first quarter that declined 34 percent from last year, hurt by goodwill impairment charges and a revenue decline. Core earnings per share matched analysts' expectations, while quarterly sales missed their estimates. The company reaffirmed core earnings and organic sales growth guidance for the full-year 2015.
LyondellBasell Q3 Results Beat Estimates
Fri, 24 Oct 2014 11:43:24 GMT - Dutch chemicals and polymers maker LyondellBasell Industries N.V. Friday reported higher third-quarter profit, reflecting mainly increased earnings in Olefins and Polyolefins - Americas segment. Sales and other operating revenues grew from last year. Earnings per share, as well as revenues beat analysts' estimates.
Wall Street Sees Nervousness Amid Ebola Scare
Fri, 24 Oct 2014 10:28:43 GMT - Trading in the U.S. index futures show that Wall Street stocks may open Friday's session lower after yesterday's rebound. Reports of a New York physician contracting the ebola virus could be sentimentally negative for stocks as the economy traverses an uncertain recovery path. Stocks in the domestic markets may also focus on earnings releases and an economic data on new home sales.
U.K. Q3 Growth Moderates As Expected
Fri, 24 Oct 2014 10:13:50 GMT - The U.K. economy grew at a slower pace in the third quarter in the face of rising uncertainty stemming from global economic conditions, preliminary estimates from the Office for National Statistics Office showed Friday. Gross domestic product climbed 0.7 percent from the second quarter, when it grew 0.9 percent.
German Consumer Confidence To Rise Marginally In November
Fri, 24 Oct 2014 08:08:41 GMT - German consumer climate is set to improve slightly in November, ending the downward trend, as income expectations among households strengthened on the back of the strong labor market situation, survey data revealed Friday.The forward-looking consumer confidence index rose slightly to 8.5 in November from 8.4 in October.
Volvo Profit Up; Lifts Cost-cut Target; Stock Surges
Fri, 24 Oct 2014 07:27:29 GMT - Swedish automaker Volvo AB (VOLVY.PK) Friday said its third-quarter profit increased from the prior year, amid a modest rise in sales. Further, the firm increased its cost-cutting target, adding it would take some of these charges in the fourth quarter. In early morning trade, the stock was trading up 10.1 percent.
Air Liquide Q3 Revenues Up; Still Sees Profit Growth In 2014
Fri, 24 Oct 2014 07:18:58 GMT - French industrial and medical gases maker Air Liquide SA Friday said its third-quarter revenue edged up 1 percent, amid good momentum in the Americas and Asia-Pacific. The company, however, witnessed slowdown in Western European manufacturing. On a comparable basis, revenues grew 4.3 percent.
Ericsson Q3 Profit Down Despite Higher Sales
Fri, 24 Oct 2014 06:53:07 GMT - Swedish mobile network equipment maker Ericsson reported Friday a decline in the third-quarter profit, reflecting effects from hedge contracts and higher operating expenses. Sales, however, increased on strong performance in the Middle East, China, India and Russia, despite weak North American results.
Asian Markets Mixed Amid Cautious Trades
Fri, 24 Oct 2014 03:51:55 GMT - Despite a strong lead from Wall Street, Asian stock markets are exhibiting a mixed trend on Friday with investors treading a bit cautiously, reacting to news about a confirmed case of Ebola virus in New York.
Juniper Profit Tops Estimate; Outlook Weak
Thu, 23 Oct 2014 22:57:34 GMT - Juniper reported a higher third-quarter profit, helped by improved margins that offset a 5 percent decline in revenue. Quarterly earnings topped Wall Street estimates by a penny, while revenues were in in line with expectations. The company provided some weak guidance for the fourth quarter, signaling the tough business conditions in which it operates.
Amazon Results Miss Estimate, Weak Outlook For Holiday Quarter; Stock Tanks
Thu, 23 Oct 2014 22:07:47 GMT - Amazon.com reported a third-quarter loss that widened from a year ago, as the online retailer continued to expend on new businesses and technologies, even as sales climbed 20 percent. Results for the quarter fell short of Wall Street estimates.
Pandora Q3 Loss Narrows - Update
Thu, 23 Oct 2014 21:54:58 GMT - Internet radio service provider Pandora Media Inc. (P), Thursday said its loss for the third quarter narrowed from a year ago, due largely to a surge in ad revenues. However, shares of the company fell six percent in extended trading, following the news.
Microsoft Results Top Estimates
Thu, 23 Oct 2014 21:49:53 GMT - Software giant Microsoft Corp. said Thursday after the markets closed that its first quarter profit fell 13% from last year, hurt mainly by integration and restructuring costs even as revenue surged 25% thanks to strong sales of its gadgets and cloud-based products. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue.
Stocks Close Sharply Higher In Reaction To Upbeat Earnings - U.S. Commentary
Thu, 23 Oct 2014 20:23:11 GMT - After turning lower over the course of the previous session, stocks showed a substantial move back to the upside during trading on Thursday. The gains more than offset yesterday's loss, extending the recovery from the recent sell-off.
Alaska Congressman Claims Government Assistance Causes Suicide
Thu, 23 Oct 2014 19:09:37 GMT - Alaska Congressman Don Young, R-Ak., is once again making headlines with comments linking the state's high suicide rate to an increase in government assistance. Young told an audience at a senior center on Wednesday that the suicide problem didn't exist until there was "largesse" from the government.
Crude Oil Ends Sharply Higher On Saudi Production Cut News
Thu, 23 Oct 2014 19:09:07 GMT - U.S. crude oil surged to end sharply higher on Thursday, boosted by reports that Saudi Arabia has cut its crude output to prop up prices, even as some strong earnings and upbeat data raised hopes the global economy would recover sooner than initially anticipated.


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