Wall Street sluggish at the open as earnings kick off
(Reuters) – Wall Street was sluggish at the open on Wednesday, as strong results for BlackRock, the world’s biggest asset manager, and an upbeat mood in Europe failed to offset caution about third quarter corporate results.
Airbus sales boss Leahy sets end-2017 retirement date: sources
PARIS (Reuters) – Airbus sales chief John Leahy, a dominant figure of modern aviation, has resolved one of the most widely discussed questions in the aerospace sector by settling on a retirement date – the end of 2017, company executives said on Wedne…
Taiwan Fair Trade Commission fines Qualcomm more than $700 million
HONG KONG (Reuters) – The Taiwan Fair Trade Commission said on Wednesday it will fine U.S. chipmaker Qualcomm Inc T$23.4 billion ($774.14 million) for anti-trust violations of its chip technology.
Coach to rename itself Tapestry Inc
(Reuters) – Luxury handbag maker Coach Inc said on Wednesday it would rename itself Tapestry Inc, months after acquiring smaller rival Kate Spade.
BlackRock closes in on $6 trillion in assets as index funds boom
(Reuters) – BlackRock Inc closed in on $6 trillion in assets under management as investors stormed into their index funds and the bull market in U.S. stocks raged on, it said on Wednesday.
Asset manager BlackRock’s profit beats Wall Street view as fees rise
(Reuters) – BlackRock Inc , the world’s biggest asset manager, reported a 8.2 percent rise in quarterly profit that beat Wall Street estimates on Wednesday, helped by higher fees as investors moved more money into low-cost exchange traded funds.
Spain-Catalonia relief nudges world stocks to fresh high
LONDON (Reuters) – World stocks set a record high on Wednesday, as relief that Catalonia had put off any plans to break away from Spain followed a two-decade peak for Asia’s biggest share market and more upbeat predictions for the global economy.
Oil rises on tighter market, but doubts swirl on sustainability
LONDON (Reuters) – Oil prices rose for a third day on Wednesday as OPEC said the market was gradually tightening after years of oversupply, but the 2018 outlook was less certain.
Emirates willing to cooperate with rival UAE airline Etihad
SINGAPORE (Reuters) – Emirates [EMIRA.UL] is open to cooperation with rival Etihad Airways in areas including procurement, its president Tim Clark said on Wednesday, adding a full merger between the pair was unlikely but up to the owners.
Light trading volume seen as black spot in banks’ results
(Reuters) – Trading revenue was likely to be a black spot in U.S. banks’ third-quarter earnings, as volatility remained low, and investors have little hope the fourth quarter will be much better.
