Airlines to report strong third quarter earnings despite stock drop: analysts
(Reuters) – U.S. airlines are expected to report healthy third-quarter profits as jet fuel costs keep declining, even though their stocks have plunged on concerns that Ebola will discourage travel, analysts said.
Netflix’s U.S. growth slows, shares plunge
(Reuters) – Netflix Inc signed up fewer video streaming subscribers than forecast for the quarter that ended in September as its U.S. growth slowed markedly, sending its shares plunging as much as 27 percent.
eBay trims 2014 revenue outlook amid economic fears
SAN FRANCISCO (Reuters) – EBay Inc trimmed its full-year revenue forecast on Wednesday, signaling a weaker-than-expected holiday shopping season for the e-commerce company as it prepares to split from its fast-growing payments arm, PayPal.
Major indexes end down, but well off session lows
NEW YORK (Reuters) – U.S. stocks fell on Wednesday on continued worries about weak global demand, but managed to close well above session lows that briefly pushed the S&P 500 and Nasdaq into negative territory for the year.
AbbVie cools on $55 billion Shire deal after U.S. tax changes
LONDON (Reuters) – U.S. pharmaceutical company AbbVie said it was reconsidering its $55 billion takeover of Shire in the wake of U.S. government moves to curb deals designed to cut taxes, wiping as much as $13 billion off the London-listed firm’s stock…
American Express quarterly profit rises as U.S. card holders spend more
(Reuters) – American Express Co, the world’s largest credit card issuer, reported an 8.1 percent rise in quarterly profit due to higher spending by U.S. customers using its credit cards and a rise in its net interest income.
U.S. retail sales, producer prices give cautionary signs on economy
WASHINGTON (Reuters) – U.S. retail sales declined in September as consumers pulled back on spending for a range of items, a worrisome economic signal that helped fuel a sell-off on Wall Street.
Wal-Mart cuts full-year sales growth forecast
(Reuters) – Wal-Mart Stores Inc cut its full-year sales growth forecast, hurt by a stronger dollar and a bigger-than-expected impact from the cut in the government food stamp program last year.
Federal Reserve to adopt bank risk retention rule next week
WASHINGTON (Reuters) – The U.S. Federal Reserve will meet next week to adopt a rule requiring that banks keep some risk on their books when they sell loans, addressing a crucial issue that helped set off the 2007-09 credit crisis.
Bank of America moves past worst legal costs, posts loss
(Reuters) – Bank of America Corp said on Wednesday that it has moved past the worst of its legal settlements linked to the financial crisis, after its latest big legal charge brought the bank’s common shareholders a net loss for the third quarter.
