Dow hovers above 23,000, boosted by IBM

(Reuters) – The Dow Jones Industrial Average stayed above the 23,000-mark in late morning trading on Wednesday with solid support from IBM, which reported strong earnings. Shares of IBM (IBM.N) surged 9 percent and accounted for nearly 92 of the 136 point gain in the blue-chip index, after the company signaled it was back on growth path. The More...

by admin | Published 4 hours ago
By admin On Tuesday, October 17th, 2017
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Exclusive: Microsoft responded quietly after detecting secret database hack in 2013

(Reuters) – Microsoft Corp’s secret internal database for tracking bugs in its own software was broken into by a highly sophisticated hacking group more than four years ago, according to five former employees, More...

By admin On Monday, October 16th, 2017
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Netflix adds more subscribers than expected, shares hit record

(Reuters) – Netflix Inc added more subscribers than expected around the world in the third quarter and projected growth in line with Wall Street forecasts, saying it had a head start on rivals as internet More...

By admin On Sunday, October 15th, 2017
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Asian shares conquer new peaks, oil up on Iraq tensions

SYDNEY (Reuters) – Asian shares advanced to new highs on Monday following Wall Street’s lead, while U.S. oil futures jumped to hover near a six-month peak as escalating tensions between the Iraqi government More...

By admin On Saturday, October 14th, 2017
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Tesla fired hundreds of employees in past week

(Reuters) – Luxury electric vehicle maker Tesla Inc (TSLA.O) fired about 400 employees this week, including associates, team leaders and supervisors, a former employee told Reuters on Friday. The dismissals More...

By admin On Saturday, October 14th, 2017
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Wall St. ends up after economic data; S&P up for a fifth week

NEW YORK (Reuters) – U.S. stocks rose on Friday following upbeat economic data and gains in technology shares, pushing the Dow and the S&P 500 to a fifth straight week of gains. Data showed U.S. retail More...

By admin On Friday, October 13th, 2017
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Dollar stays low as stocks cheer latest record streak

LONDON (Reuters) – World stocks rose for a fourth straight day on Friday on expectations of broad-based global growth, while the dollar headed for its worst week in five as investors awaited U.S. inflation More...

By admin On Thursday, October 12th, 2017
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Bond trading slump clouds JPMorgan earnings beat

(Reuters) – JPMorgan Chase & Co’s (JPM.N) quarterly profit and revenue easily trumped Wall Street’s expectations on Thursday, but a slump in bond trading clouded gains from loan growth and higher interest More...

By admin On Wednesday, October 11th, 2017
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Delta refuses to pay tariffs on Bombardier CSeries jets

NEW YORK (Reuters) – Delta Air Lines Inc on Wednesday said the carrier would not foot the bill of a 300 percent tariff that the U.S. Commerce Department wants to impose on Canadian-built Bombardier CSeries, More...

By admin On Tuesday, October 10th, 2017
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Wal-Mart helps Wall Street to new records, but techs curb gains

(Reuters) – Wall Street hit fresh record intraday highs on Tuesday, helped by a jump in Wal-Mart and energy stocks, but the gains were limited by declines in Amazon and technology stocks. Wal-Mart (WMT.N) More...