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  • Oct 23- Verizon Communications Inc on Tuesday beat Wall Street estimates for net new phone subscribers who pay a monthly bill, helped by promotions for Apple Inc's new iPhone. The largest U.S. wireless carrier by subscribers said it added a net 295,000 phone subscribers during the third quarter, beating estimates of 161,000 new subscribers, according to...

  • BEIJING, Oct 23- Bank of Kunlun Co, the key Chinese conduit for transactions with Iran, is set to halt handling payments from the Islamic Republic under pressure of imminent U.S. sanctions against the country, four sources familiar with the matter told Reuters. Kunlun, the main official channel for money flows between China and Iran, has verbally informed clients...

  • United Tech said sales in its Pratt& Whitney aircraft engines business jumped about 24 percent to $4.79 billion in the third quarter ended Sept. 30. The maker of Carrier air conditioners and Otis elevators also raised its 2018 adjusted profit forecast for the third time to a range of $7.20 and $7.30, up from $7.10 and $7.25, previously. On an adjusted basis, the...

  • COPENHAGEN, Oct 23- Denmark's Financial Supervisory Authority needs to establish whether Danske Bank intentionally misled it over possible money laundering at its Estonian branch, the country's business minister Rasmus Jarlov said on Tuesday. Danske is embroiled in a scandal involving 200 billion euros in payments through its Estonian branch between...

  • LONDON, Oct 23- The U.S. Department of Justice is seeking documents from Glencore about intermediary companies that the commodities firm has worked with in the Democratic Republic of Congo, Venezuela and Nigeria, sources familiar with the matter said. Glencore said on July 3 it had been subpoenaed for documents relating to its business in the three countries...

  • SAUDI ARABIA'S PIF HAS INDIRECTLY SUPPORTED LOCAL STOCKS IN WAKE OF RECENT CRASH, SOURCES SAY.

  • DUBAI, Oct 23- Saudi Arabia's Public Investment Fund has been indirectly supporting local stocks, using local institutions, to limit a market crash caused by the killing of Saudi journalist Jamal Khashoggi, sources familiar with the matter said. The sell-off came amid increasing investor worries over the potential blow to Saudi Arabia's relations with the...

  • RIYADH, Oct 23- Saudi Arabia signed deals worth more than $50 billion in oil, gas, infrastructure and other sectors at an investment conference in Riyadh on Tuesday, officials there said. Details were announced at the Future Investment Initiative, held in Riyadh in the face of boycotts by Western political figures, international bankers and executives that were...

  • Fifth Third's net interest income rose 7 percent to $1.05 billion in the quarter, while total commercial loans and leases increased 2 percent to $57.74 billion. The Cincinnati, Ohio- based company's total consumer loans rose 1 percent to $35.46 billion in the third quarter. Net income attributable to common shareholders fell to $418 million, or 61 cents per...

  • The maker of Pratt& Whitney aircraft engines and Carrier air conditioners said net income attributable to shareholders fell to $1.24 billion, or $1.54 per share, in the second quarter ended Sept. 30, from $1.33 billion, or $1.67 per share, a year earlier. On an adjusted basis, the company earned $1.93 per share, beating analysts' average estimate of $1.81 per share,...

  • The maker of Pratt& Whitney aircraft engines and Carrier air conditioners said net income attributable to shareholders fell to $1.24 billion, or $1.54 per share, in the second quarter ended Sept. 30, from $1.33 billion, or $1.67 per share, a year earlier. On an adjusted basis, the company earned $1.93 per share, beating analysts' average estimate of $1.81 per share,...

  • RIYADH, Oct 23- Saudi Arabia said on Tuesday it would continue to meet customer demand for crude despite looming U.S. sanctions that are expected to reduce oil exports from Iran. "We will decide if there are any disruptions from supply, especially with the Iran sanctions looming. Oil prices have rallied this year on expectations that the sanctions will strain...

  • *Hamburg plant struggles to absorb resurgent engine deliveries. PARIS, Oct 23- For two years Airbus faced a shortage of engines and had to slow jet deliveries. Now engines are arriving fast- but snags at a Hamburg plant where Airbus assembles best-selling jets is having trouble absorbing them, industry sources said.

  • Oct 23- Fifth Third Bancorp reported a 58 percent decline in quarterly profit on Tuesday, as provisions for bad loans and expenses jumped. Net income attributable to common shareholders fell to $418 million, or 61 cents per share, in the third quarter ended September, from $999 million, or $1.35 per share, a year earlier. https://reut.rs/2AnyaY8.

  • Oct 23- PulteGroup Inc reported a 63 percent rise in third-quarter profit on Tuesday, as it reined in rising building costs and revenue jumped by almost a quarter. The No.3 U.S. homebuilder's net income rose to $289.5 million, or $1.01 per share, in the third quarter ended Sept. 30, from $177.5 million, or 58 cents per share, a year earlier. Revenue rose 24.3 percent to...

  • Oct 23- Biogen Inc reported a 17.8 percent rise in third-quarter profit on Tuesday, driven by double-digit sales growth of its promising muscle disease treatment Spinraza. The U.S. biotech company said http://investors.biogen.com/static-files/fcb79637-8792-4da7-8f9c-81d4437e2dc9 net income rose to $1.44 billion, or $7.15 per share, in the third...

  • *Sale of tobacco firm stake pushed to next year. CAIRO, Oct 23- The Egyptian government's postponement of its share sales has raised concerns the budget deficit may widen this year and pushed private companies to delay their own share offerings. Egypt hopes the sales will raise badly needed funds for the state and boost the private sector as the country...

  • LONDON, Oct 23- The euro rose on Tuesday before a meeting of the European Commission on Italy's budget that could see Brussels take the unprecedented step of rejecting it and demanding changes. The dispute over Italy's spending plans and doubts about the leadership of Britain's prime minister who is mired in a stalemate over Brexit, means investors are...

  • The company bought Fidelis for $3.75 billion last year, giving it access to over 1.6 million members in New York. Revenue from the company's Medicaid business rose to $10.91 billion. Centene, which primarily focuses on government-backed health insurance plans, reported a net income attributable to the company of $19 million, or 9 cents per share, in the third...

  • *SoftBank COO Claure has also dropped out- Bloomberg. DUBAI/ TOYKO, Oct 23- SoftBank Group Corp Chief Executive Masayoshi Son, whose $93 billion Vision Fund drew nearly half its money from Saudi Arabia, cancelled a speaking engagement at the kingdom's investment conference this week, a person close to the matter told Reuters. Nearly half of the more than $93 billion...