Global stocks hit two-month high on dovish Draghi message
LONDON (Reuters) – The prospect of yet more European Central Bank stimulus pushed world stocks to a two-month high, the euro to a two-month low and left investors paying for the privilege of owning short-term Italian and Spanish bonds.
Twitter’s Dorsey to give a third of his stock to employee equity pool
(Reuters) – Twitter Inc Chief Executive and co-founder Jack Dorsey said he is giving a third of his stock in the company, about 1 percent, to the employee equity pool.
Eyeing China growth, Yum faces immature franchise market
SHANGHAI (Reuters) – As Yum Brands Inc looks to triple its store footprint in China and revive flagging growth there, it faces a hurdle with one of its traditional growth drivers: the country’s underdeveloped franchise market.
Weak Japan inflation, output data to cast cloud over BOJ meeting
TOKYO (Reuters) – Japan’s core inflation probably slipped for a second month in September, while factory output fell for a third month in a row, a Reuters poll showed, adding to headaches facing Bank of Japan policymakers as they head into a key policy…
Tesla CEO says could start China car production in two years: official blog
SHANGHAI (Reuters) – Tesla Motors Inc could begin producing cars in China in two years, chief executive Elon Musk said.
Exclusive: BOJ to cut price forecast for next FY only slightly – sources
TOKYO (Reuters) – The Bank of Japan will cut its growth and inflation outlook for this fiscal year at a rate review next week but only slightly tweak its projections for next year, sources said, possibly tempering expectations that the central bank wil…
AT&T profit beats Street, raises full-year forecast
(Reuters) – AT&T Inc , the No. 2 U.S. wireless carrier and the world’s largest pay-TV operator, raised its 2015 earnings forecast as quarterly earnings beat expectations on cost cuts and gains in wireless and DirecTV subscribers.
United Airlines’ acting CEO aims to reassure investors amid strong results
NEW YORK (Reuters) – United Airlines on Thursday tried to dismiss concerns that executive shake-ups have left an amateur team running its business, promising better service for travelers and moderate expansion in 2016 for investors worried about weak d…
Caterpillar forecasts lower profit, sales in 2016
CHICAGO (Reuters) – Caterpillar Inc on Thursday forecast a drop in 2016 sales and profit as the outlook for global mining, drilling and construction activity remained bleak, and posted lower third-quarter earnings.
Valeant vows to refute ‘phantom sales’ allegations
TORONTO/NEW YORK (Reuters) – Valeant Pharmaceuticals International Inc moved to reassure investors on Thursday after being accused of using specialty pharmacies to inflate revenue, and said it would refute them in detail on a conference call with inves…
