Nasdaq, Singapore Exchange sign pact for collaborative listings
(Reuters) – Singapore Exchange Ltd and Nasdaq Inc announced a pact on Wednesday that will allow firms to tap the capital markets possibly simultaneously under the two exchange operators’ namesake exchanges.
IBM shares head for biggest gain in eight years
(Reuters) – Shares in International Business Machines Inc surged 9 percent on Wednesday after it beat expectations on revenue and gave an outlook that hinted one of the world’s first big computing names was back on a growth track after six years in re…
Allergan ruling casts doubt on tribal patent strategy
(Reuters) – A U.S. judge’s ruling on Monday invalidating Allergan Plc’s patents on its blockbuster $1.5 billion dry-eye medicine, Restasis, has cast doubt on the company’s novel strategy to enlist a Native American tribe to help shield those patents from challenge by generic drugmakers, legal experts said.
Goldman’s fledgling consumer bank draws questions from curious analysts
(Reuters) – As Goldman Sachs Group Inc has unveiled more details about its strategy and financial targets to satisfy investor demands, Wall Street’s attention has turned to a business so small and new that there may not be much to disclose.
Dow opens above 23,000, powered by IBM
(Reuters) – The Dow Jones Industrial Average opened above 23,000 for the first time on Wednesday, powered by IBM, which hinted at a revival in its growth after six years in retreat.
U.S. housing starts hit one-year low in September
WASHINGTON (Reuters) – U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting housing probably remained a drag on economic growth in the third quar…
Ford to recall about 1.3 million vehicles in North America
The No.2 U.S. automaker said the safety recall is due to frozen door latch or a bent or kinked actuation cable in the affected vehicles, that may result in a door not opening or closing.
Dow set to crack 23,000-mark at open for the first time
(Reuters) – The Dow Jones Industrial Average was poised to open above 23,000 for the first time on Wednesday following a series of upbeat earnings reports from marquee companies.
Global stocks stay buoyant as monetary policy focus builds
MILAN (Reuters) – World stocks stayed near all-time peaks and the dollar extended a winning streak on Wednesday as the focus on upcoming changes to monetary policies in the U.S. and the euro zone grew.
U.S. bankers hold onto hopes that Trump will boost profits
NEW YORK (Reuters) – Top U.S. bankers are still hoping that President Trump’s administration will make policy changes to boost profits, but made clear in public comments in recent days that they are not seeing any signs of progress so far.
