Oil nearly unchanged on minor technical correction
NEW YORK (Reuters) – Oil prices were little changed in quiet technical trade on Tuesday as declining U.S. production and a “rebalancing” momentum in the market offset expectations of Iranian barrels adding to the already persistent supply glut.
United Tech profit beats forecasts; buyback, restructuring planned
(Reuters) – United Technologies Corp reported a drop in quarterly profit on Tuesday that still beat analyst expectations, and its chief executive said the industrial manufacturer would announce a significant restructuring before the end of the year.
Exclusive: EU set to clear FedEx, TNT deal unconditionally – sources
BRUSSELS (Reuters) – U.S. logistics company FedEx is set to gain unconditional EU antitrust approval for its 4.4 billion euro ($5 billion) acquisition of Dutch peer TNT, two people familiar with the matter said on Tuesday.
Demand for rental apartments boosts U.S. housing starts
WASHINGTON (Reuters) – U.S. housing starts rose solidly in September on soaring demand for rental apartments, a sign that the housing market continues to steadily improve even as economic growth has slowed.
Verizon revenue beats as promotions help attract postpaid users
(Reuters) – Verizon Communications Inc reported better-than-expected quarterly revenue and profit as heavy promotions helped the company attract postpaid subscribers amid the launch of Apple Inc’s new iPhones.
Lockheed tops third-quarter profit view on increased sales of F-35 jets
(Reuters) – Lockheed Martin Corp , the Pentagon’s No. 1 weapons supplier, reported better-than-expected quarterly results on higher demand for its F-35 fighter jets, and said it expects full-year revenue at the higher end of its forecast.
Solid ECB lending data buoys euro, saps shares
LONDON (Reuters) – European shares fell for the first time in four days on Tuesday and the euro kicked away from a 10-day low as solid euro zone bank lending data cooled expectations of another jolt of European Central Bank stimulus this week.
Apple Music hits 6.5 million paid users: Tim Cook
(Reuters) – Apple Inc’s new music streaming service has netted more than 6.5 million paid users, the tech giant’s Chief Executive Officer Tim Cook said on Monday.
United Airlines names general counsel as acting CEO
(Reuters) – United Continental Holdings Inc on Monday said it appointed an interim leader four days after Chief Executive Officer Oscar Munoz suffered a heart attack, raising uncertainty about whether its top official would return.
Smartphones put power to deal currencies into retail traders’ hands
LONDON (Reuters) – Once the preserve of big international banks, smartphones are putting the power to deal currencies into the hands of a new cohort of traders, who can make a fortune — or lose their shirt — on the bus to work.
