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Updated: 56 min 19 sec ago

Stocks stumble off all-time highs, kiwi takes a dive

Thu, 10/19/2017 - 8:30am
LONDON (Reuters) - World stocks set a fresh record high before stalling in Europe on Thursday, as the longest winning streak for Japanese stocks since 1998 and the first close above 23,000 for Wall Street's Dow index helped to offset nerves about Spain.

Verizon quarterly revenue tops estimates as subscribers rise

Thu, 10/19/2017 - 8:29am
NEW YORK (Reuters) - Verizon Communications Inc's quarterly revenue topped Wall Street analyst estimates on Thursday and the company added more phone subscribers than expected, sending shares of the No. 1 U.S. wireless carrier up in pre-market trading.

Japan carmakers vouch for safety of Kobe Steel's aluminum parts

Thu, 10/19/2017 - 8:11am
TOKYO (Reuters) - Four Japanese automakers on Thursday said they found no safety issues with aluminum parts supplied by Kobe Steel Ltd , allaying some concerns that falsified quality data on products from the steelmaker had compromised their vehicles.

Rosneft's Sechin says no watershed in oil market, U.S. shale oil a risk

Thu, 10/19/2017 - 7:53am
VERONA, Italy (Reuters) - A global deal to cut oil output has not led to a breakthrough on high inventory levels, while an expected rise in U.S. shale oil output may destabilize the market in 2018, the head of Russia's Rosneft, Igor Sechin, said on Thursday.

Verizon quarterly profit meets estimates as subscribers rise

Thu, 10/19/2017 - 7:50am
NEW YORK (Reuters) - Verizon Communications Inc's quarterly profit met Wall Street analyst estimates as the No. 1 U.S. wireless carrier added subscribers.

Futures lower as technology stocks dip

Thu, 10/19/2017 - 7:39am
(Reuters) - U.S. stock index futures pointed to a lower start for Wall Street led by a drop in tech stocks Apple and eBay, on a day that marks 30 years since the 1987 Black Monday stock market crash.

Amazon offered billions in tax breaks for second U.S. headquarters

Thu, 10/19/2017 - 7:09am
(Reuters) - U.S. cities are offering Amazon.com Inc at least as much as $7 billion in tax breaks ahead of a Thursday deadline as they compete to house its second headquarters.

Nissan says to suspend all Japanese car production

Thu, 10/19/2017 - 6:47am
YOKOHAMA (Reuters) - Nissan said on Thursday it was suspending all car production in Japan after finding that some final vehicle checks were still being carried out by uncertified inspectors at three of its plants.

Unilever sales disappoint as competition bites big brands

Thu, 10/19/2017 - 6:16am
LONDON (Reuters) - Unilever reported lower-than-expected third-quarter sales, losing market share to smaller competitors and dampening hopes that an aborted takeover offer from Kraft Heinz would spark a swift improvement.

Novartis to shut U.S. generics plant, cut 450 jobs

Thu, 10/19/2017 - 5:47am
ZURICH (Reuters) - Swiss drugmaker Novartis is to cut 450 jobs in the United States over the next two years as it gradually shuts a generics manufacturing plant in Colorado and discontinues some products in the face of intense price pressures.

Airbus A330neo takes off on maiden flight

Thu, 10/19/2017 - 5:32am
TOULOUSE, France (Reuters) - Airbus on Thursday began the maiden flight of its A330neo jetliner, an upgraded version of its profitable A330 line designed to sharpen competition with the latest version of Boeing's 787 Dreamliner.

World stocks stumble after all-time high, kiwi takes a dive

Thu, 10/19/2017 - 5:01am
LONDON (Reuters) - World stocks set a fresh record high before stalling in Europe on Thursday, as the longest winning streak for Japanese stocks since 1998 and the first close above 23,000 for Wall Street's Dow index helped to offset nerves in Spain.

Airbus A330neo successfully takes off on maiden flight

Thu, 10/19/2017 - 4:55am
TOULOUSE, France (Reuters) - Airbus on Thursday began the maiden flight of its A330neo jetliner, an upgraded version of its profitable A330 family designed to sharpen competition with the Boeing 787 Dreamliner.

Japan carmakers vouch for safety of some Kobe Steel parts; company future uncertain

Thu, 10/19/2017 - 4:43am
TOKYO (Reuters) - Three Japanese automakers on Thursday said they found no safety issues with aluminum parts made by Kobe Steel Ltd, allaying some concerns that falsified quality data on products from the steelmaker had compromised their vehicles.

Nasdaq, SGX in pact to woo firms interested in listing on both boards

Thu, 10/19/2017 - 3:04am
(Reuters) - Singapore Exchange Ltd (SGX) and Nasdaq Inc said on Wednesday they were teaming up to woo fast-growing Asian tech firms interested in listing on both their exchanges, as they look to better compete for mid-sized IPOs.

Nissan Motor says CEO Saikawa to brief on uncertified inspection issue

Thu, 10/19/2017 - 2:51am
TOKYO (Reuters) - Nissan Motor Co Ltd said Chief Executive Hiroto Saikawa will hold at news conference 1000 GMT on Thursday to brief on its uncertified inspection scandal.

Nestle accelerates restructuring as sales growth stays tepid

Thu, 10/19/2017 - 2:18am
ZURICH (Reuters) - Nestle said it expected its operating margin to slip by 40 to 60 basis points in 2017 due to higher restructuring costs from a faster overhaul and said full-year organic sales growth should be in line with the 2.6 percent seen in the first nine months.

China biotech's 'coming out party' masks long road ahead

Thu, 10/19/2017 - 2:10am
LONDON/SHANGHAI (Reuters) - Investors are betting on China's potential to feed the global pharmaceutical pipeline, putting a multi-billion-dollar price tag on a handful of stocks, even as the country struggles to close a huge R&D gap with the West.

Toyota, other Japanese carmakers say hoods containing Kobe Steel aluminum are safe

Thu, 10/19/2017 - 1:53am
TOKYO (Reuters) - Three Japanese automakers on Thursday confirmed the safety of aluminum components made by Kobe Steel Ltd, allaying some concerns that Kobe's falsified quality data had compromised the safety of the products.

Australia's Westpac to refund 200,000 customers for missed benefits

Thu, 10/19/2017 - 1:40am
(Reuters) - Australia's Westpac Banking Corp said on Thursday it will pay refunds to about 200,000 customers who should have received cash benefits, as the country's lenders seek to ease concerns about their governance after a series of scandals.

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