Dow, S&P 500 dip, end 5-day streak of closing highs
NEW YORK (Reuters) – The Dow and S&P 500 ended slightly lower on Wednesday, breaking their five-day streak of record closing highs as energy and utility shares lost ground, while the Nasdaq climbed.
Comcast says Time Warner deal going ‘full steam ahead’
SAN FRANCISCO (Reuters) – Comcast Corp’s merger with Time Warner Cable Inc is going “full steam ahead” despite uncertainty around new rules governing net neutrality, Comcast Chief Executive Officer Brian Roberts told reporters on Wednesday.
Weak telecom spending, emerging markets weigh on Cisco forecast
(Reuters) – Network equipment maker Cisco Systems Inc forecast current-quarter profit below analysts’ average estimate, weighed down by capital budget cuts at telecom service providers and weak sales in emerging markets.
GE says infrastructure demand to boost orders for developing markets
NEW YORK (Reuters) – General Electric Co expects developing markets to be a “huge engine” of growth due to demand for the company’s products that provide infrastructure in these countries, GE’s top international executive said on Wednesday.
Pimco Total Return Fund decreases U.S. government holdings in October
NEW YORK (Reuters) – The Pimco Total Return Fund, whose long-time manager Bill Gross unexpectedly departed on Sept. 26, ended October with a slight decrease in U.S. government-related holdings and a slight increase in mortgages, the first full month un…
Safety advocate urges GM switch fund to intensify victim outreach
NEW YORK (Reuters) – A car-safety advocate on Wednesday urged the lawyer overseeing General Motors Co’s program to compensate victims of accidents linked to a faulty ignition switch in its vehicles to take a more active approach to finding cases of inj…
Regulators fine global banks $4.3 billion in currency investigation
LONDON/ZURICH/NEW YORK (Reuters) – Regulators fined six major banks a total of $4.3 billion for failing to stop traders from trying to manipulate the foreign exchange market, following a yearlong global investigation.
J.C. Penney reports flat same-store sales as autumn sales slow
(Reuters) – Troubled retailer J.C. Penney Co Inc said comparable sales in the third quarter were unchanged from last year as sales of warm clothing slowed in September and October due to unseasonably warm weather.
Dow, S&P 500 dip, end 5-day streak of closing highs
NEW YORK (Reuters) – The Dow and S&P 500 ended slightly lower on Wednesday, breaking their five-day streak of record closing highs as energy and utility shares lost ground, while the Nasdaq climbed.
Goldman Sachs inducts 78 bankers into elite partnership
NEW YORK (Reuters) – Goldman Sachs Group Inc elevated 78 employees on Wednesday by making them partners, according to an internal memo viewed by Reuters, capping an anxious few weeks for employees hoping to enter the elite group of Wall Street bankers….
