U.S. housing, jobs data point to fairly strong economy
WASHINGTON (Reuters) – U.S. home resales rebounded strongly in September and new applications for unemployment benefits hovered around 42-year lows last week, pointing at solid domestic fundamentals even as the global economy falters.
McDonald’s stock hits record high as turnaround takes hold
(Reuters) – McDonald’s Corp shares hit an all-time high on Thursday after Chief Executive Steve Easterbrook said a rebound in quarterly restaurant sales showed that his turnaround plan is starting to work.
Amazon posts second straight profit powered by Web Services
(Reuters) – E-commerce company Amazon.com Inc on Thursday recorded a surprise profit for the second quarter in a row, propelled by higher sales in North America and its cloud computing business, and its shares rose 11 percent.
Cloud services bolster Microsoft results, shares soar
(Reuters) – Microsoft Corp reported better-than-expected quarterly adjusted revenue for the ninth quarter in a row, boosted by burgeoning demand for its cloud products, sending its shares soaring in after-hours trading on Thursday.
Alphabet, formerly Google, sets share buyback, shares jump
SAN FRANCISCO (Reuters) – Alphabet Inc, the new holding company for Google, introduced its first share buyback and beat Wall Street’s profit forecast on Thursday, helped by solid progress in mobile and video advertising, sending the stock to its highes…
S&P 500 ends at highest in two months; Alphabet up after hours
(Reuters) – The S&P 500 closed at its highest in two months on Thursday as stronger-than-expected earnings from several top companies, including McDonald’s, relieved investors’ concerns about the profit outlook.
Cloud services bolster Microsoft results, shares soar
(Reuters) – Microsoft Corp reported better-than-expected quarterly adjusted revenue for the ninth quarter in a row, boosted by burgeoning demand for its cloud products, sending its shares soaring in after-hours trading on Thursday.
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…
Amazon posts second straight profit powered by Web Services
(Reuters) – E-commerce company Amazon.com Inc on Thursday recorded a surprise profit for the second quarter in a row, propelled by higher sales in North America and its cloud computing business, and its shares rose 11 percent.
S&P 500 ends at highest in two months; Alphabet up after hours
(Reuters) – The S&P 500 closed at its highest in two months on Thursday as stronger-than-expected earnings from several top companies, including McDonald’s, relieved investors’ concerns about the profit outlook.
