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

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

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

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

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

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

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

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

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

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...