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Updated: 55 min 56 sec ago

Wall Street ends flat; late gains on Fed Powell report

Thu, 10/19/2017 - 4:37pm
NEW YORK (Reuters) - U.S. stocks closed flat on Thursday, coming back from sharp losses after the open, while Apple fell more than 2 percent to lead a decline in technology shares.

Paypal third-quarter profit rises 17.6 percent

Thu, 10/19/2017 - 4:24pm
(Reuters) - Payment processor PayPal Holdings Inc reported a 17.6 percent rise in quarterly profit, helped by higher ecommerce spending.

Facebook to launch news subscription feature, some big names opt out

Thu, 10/19/2017 - 4:08pm
(Reuters) - Facebook Inc said on Thursday it has signed up 10 news publishers including the Washington Post and The Economist to take part in a trial that gives its mobile app users access to a limited number of articles a month and then the option to subscribe via the publishers' own websites.

U.S. auto reliability dented by new technology; electric cars fare better: report

Thu, 10/19/2017 - 3:49pm
DETROIT (Reuters) - New technology to stream music into dashboards or boost fuel efficiency is making cars less reliable, although electric cars such as the Tesla Model 3 and the Chevrolet Bolt should fare better than many conventional models, Consumer Reports magazine said on Thursday.

Wall Street pauses after record highs; tech a drag

Thu, 10/19/2017 - 3:39pm
NEW YORK (Reuters) - U.S. stocks were flat on Thursday, pausing after their recent run of record highs, as technology shares dragged and some earnings disappointed.

Microsoft expands rural U.S. campaign with Green Bay Packers tie-up

Thu, 10/19/2017 - 2:28pm
SAN FRANCISCO (Reuters) - Microsoft Corp has teamed up with the National Football League's Green Bay Packers in a $10 million partnership intended to spur tech innovation in Wisconsin, the software company said on Thursday.

Target CEO says small-format stores twice as productive as traditional

Thu, 10/19/2017 - 1:35pm
NEW YORK (Reuters) - Sales per square foot at Target Corp's 44 small-format stores are "easily double" that at traditional stores, Target Chief Executive Brian Cornell said on Thursday, after the retailer announced 11 new small-format stores opening this week.

Apple drags down Wall Street from record highs

Thu, 10/19/2017 - 1:20pm
(Reuters) - Losses in Apple stalled Wall Street's record run on Thursday as worries over slack demand for iPhone 8 sent its shares down 2.5 percent.

Tesla's Model 3 gets an 'average' as new tech dents auto reliability: Consumer Reports

Thu, 10/19/2017 - 12:50pm
DETROIT (Reuters) - Tesla Inc's new Model 3 sedan is likely to have "average" reliability despite production snags because it uses older technology rather than newer innovations that are causing problems for automakers, Consumer Reports magazine said on Thursday.

U.S. jobless claims hit 44-1/2-year low; mid-Atlantic factories humming

Thu, 10/19/2017 - 12:47pm
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits dropped to its lowest level in more than 44-1/2 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.

United Airlines shares tumble as fourth quarter guidance underwhelms

Thu, 10/19/2017 - 12:37pm
(Reuters) - United Airlines shares fell sharply on Thursday, losing as much as 11.5 percent in midday trading as investors sold the carrier's shares after it released disappointing forecasts for the fourth quarter.

GM to settle state ignition claims for $120 million

Thu, 10/19/2017 - 12:22pm
WASHINGTON (Reuters) - General Motors Co on Thursday agreed to pay $120 million to resolve claims from 49 U.S. states and the District of Columbia over faulty ignition switches, state attorneys general said.

Apple stalls Wall Street's record run

Thu, 10/19/2017 - 11:55am
(Reuters) - Wall Street pulled back from record highs on Thursday with Apple leading a decline in technology stocks and a bunch of weak corporate results adding to the dour mood.

Stocks retreat from record, U.S. Treasury yields slip

Thu, 10/19/2017 - 11:48am
NEW YORK (Reuters) - World stock markets broadly retreated amid investor caution after a flurry of tepid corporate earnings reports from around the globe, stoking demand instead for safer assets like U.S. Treasuries, pushing yields lower.

Tech leads Wall Street's retreat from record high

Thu, 10/19/2017 - 10:20am
(Reuters) - Wall Street fell sharply on Thursday, pulling back from record highs, amid a broad decline that was led by technology stocks and disappointing quarterly reports from major companies.

Wall Street opens lower as tech stocks slide

Thu, 10/19/2017 - 9:38am
(Reuters) - U.S. stocks opened lower on Thursday, a day after scaling record highs, amid a fall in technology stocks led by Apple.

U.S. jobless claims hit more than 44-year low

Thu, 10/19/2017 - 9:23am
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits dropped to its lowest level in more than 44 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.

Saudi needs Aramco billions as recession slows austerity drive

Thu, 10/19/2017 - 9:19am
DUBAI (Reuters) - Saudi Arabia's plans to sell state assets - including a stake in energy giant Saudi Aramco - are becoming even more important to its finances as a recession slows Riyadh's effort to close a budget deficit caused by low oil prices.

U.S. jobless claims drop to more than 44-year low

Thu, 10/19/2017 - 8:40am
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell to its lowest level in more than 44 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.

Nissan to suspend domestic production of cars for Japan market

Thu, 10/19/2017 - 8:39am
TOKYO (Reuters) - Nissan Motor Co Ltd is suspending domestic production of vehicles for the Japanese market for at least two weeks to address misconduct in its inspection procedures that led to a major recall, it said on Thursday.

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