Jim Cramer reviews the market on Tuesday. Find out which stocks Cramer recommended to pick up» Read More
U.S. stock index futures are signalling a higher open following better-than-expected earnings and economic data from the U.S.
LONDON, Oct 17- British engineer Rolls-Royce warned on Friday that deteriorating economic conditions meant its profit would not rise next year as previously forecast, sending its shares plunging as much as 16 percent. Wherever you look there were signs of economic slowdown such as the fall in oil and iron ore prices, an absence of growth in Europe and a slowdown...
NEW YORK, Oct 17- U.S. stock index futures jumped on Friday following a batch of solid earnings reports and on hopes the Federal Reserve might slow the wind-down of its stimulus in light of recent weakness in global demand. The S&P 500 and Nasdaq eked out slight gains on Thursday after another choppy session as economic data eased fears about the potential effect...
*The S&P 500 and Nasdaq eked out slight gains on Thursday after another choppy session as economic data eased fears about the potential effect of a weakening global economy on the United States and following remarks by St. Louis Federal Reserve Bank President James Bullard that the U.S. central bank may want to keep up its bond buying stimulus for now.
Oct 17- General Electric Co reported a higher-than-expected quarterly profit on Friday, as margin improvement across its industrial businesses offset revenue that came in below analysts' targets. Third-quarter net income rose to $3.54 billion, or 35 cents per share, from $3.19 billion, or 31 cents per share, a year earlier. Excluding special items, earnings of 38...
*FTSEurofirst 300 up 1.4 pct, Euro STOXX 50 up 1.5 pct. Among the top gainers were Renault, up 2.8 percent and PSA Peugeot Citroen up 5.2 percent, boosted by data showing car sales in Europe rose 6.1 percent in September, the 13th straight month of growth in sales. The euro zone's blue-chip Euro STOXX 50 index was up 1.5 percent, at 2,917.69 points.
General Electric posted higher quarterly net income on Friday, helped by sales of its jet engines and oil and gas equipment.
NEW YORK— General Electric Co. posted strong third quarter results, issued an upbeat forecast for the fourth quarter and said U.S. industrial activity is at its highest level since the financial crisis. He pointed to pockets of high activity in the developing world, slow growth in Europe and Japan, and strength in the U.S. GE, based in Fairfield, Connecticut, said it...
The U.S. conglomerate's third-quarter net income rose to $3.54 billion, or 35 cents per share, from $3.19 billion, or 31 cents per share, a year earlier.
Nick Heymann, William Blair & Company, provides perspective on the industrial giant's mixed quarterly results and GE's Alstom acquisition.
Rolls-Royce warned that it would not return to growth next year, as economic conditions have deteriorated.
NEW YORK— The stock market had another turbulent session Friday, capping off one of the more eventful weeks on Wall Street in years. The Dow Jones industrial average soared more than 250 points following strong earnings from Morgan Stanley, General Electric and Textron as well as some encouraging U.S. economic reports. "We had indiscriminate selling all week, and...
Markets are looking for another handout from the Fed, so whatever Fed Chair Janet Yellen says or does not say Friday will be a big deal.
General Electric Co. fell$. 03 or. 1 percent, to $24.25. Snap-On rose $7.31 or 6.4 percent, to $121.85. Whirlpool Corp. rose $2.08 or 1.4 percent, to $145.76.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AbbVie fell 3.2 percent to $52.90 with 57,113,900 shares traded. Advanced Micro Devices Inc. rose 1.1 percent to $2.64 with 36,641,000 shares traded.
General Electric Co. rose$. 08 or. 3 percent, to $24.36. Snap-On rose $5.38 or 4.7 percent, to $119.92. Whirlpool Corp. rose $3.12 or 2.2 percent, to $146.80.
General Electric Co. fell$. 07 or. 3 percent, to $24.21. Snap-On rose $2.37 or 2.1 percent, to $116.91. Whirlpool Corp. rose$. 46 or. 3 percent, to $144.14.
*General Electric said considering sale of its Polish bank. *Bank share price rises sharply in Warsaw on sale talk. WARSAW, Oct 16- General Electric Co's announcement it may sell its Polish lender Bank BPH is an acknowledgement it failed to make the business thrive, even though Poland is one of the few places in Europe where banking is still in robust health.
Apple makes the most popular devices in the U.S. It also has the most-loved stock.
*World Bank, Barack Obama behind "Power Africa" legacy. JOHANNESBURG, Oct 16- Africa's under used gas reserves, either exported or burnt away into the sky, are set to play a big role in stemming the continent's crippling electricity void, a shift that should boost economies and small-cap energy firms. Driven by huge recent finds in East Africa, sub-Saharan gas...