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Wall Street ends flat; late gains on Fed Powell report

Reuters Business News - Thu, 10/19/2017 - 16:37
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.
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Paypal third-quarter profit rises 17.6 percent

Reuters Business News - Thu, 10/19/2017 - 16:24
(Reuters) - Payment processor PayPal Holdings Inc reported a 17.6 percent rise in quarterly profit, helped by higher ecommerce spending.
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Facebook to launch news subscription feature, some big names opt out

Reuters Business News - Thu, 10/19/2017 - 16:08
(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.
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U.S. auto reliability dented by new technology; electric cars fare better: report

Reuters Business News - Thu, 10/19/2017 - 15:49
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.
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Wall Street pauses after record highs; tech a drag

Reuters Business News - Thu, 10/19/2017 - 15:39
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.
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Microsoft expands rural U.S. campaign with Green Bay Packers tie-up

Reuters Business News - Thu, 10/19/2017 - 14:28
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.
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Tesla's Model 3 gets an 'average' as new tech dents auto reliability: Consumer Reports

Reuters Business News - Thu, 10/19/2017 - 13:42
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.
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Target CEO says small-format stores twice as productive as traditional

Reuters Business News - Thu, 10/19/2017 - 13:35
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.
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Apple drags down Wall Street from record highs

Reuters Business News - Thu, 10/19/2017 - 13:20
(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.
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GM to settle state ignition claims for $120 million

Reuters Business News - Thu, 10/19/2017 - 13:20
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.
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U.S. jobless claims hit 44-1/2-year low; mid-Atlantic factories humming

Reuters Business News - Thu, 10/19/2017 - 12:47
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.
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United Airlines shares tumble as fourth quarter guidance underwhelms

Reuters Business News - Thu, 10/19/2017 - 12:37
(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.
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Apple stalls Wall Street's record run

Reuters Business News - Thu, 10/19/2017 - 11:55
(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.
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Stocks retreat from record, U.S. Treasury yields slip

Reuters Business News - Thu, 10/19/2017 - 11:48
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.
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Verizon quarterly revenue tops estimates as subscribers rise

Reuters Business News - Thu, 10/19/2017 - 11:31
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 mid-morning trading.
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Thirty years ago this week, Wall Street slid into the abyss

Reuters Business News - Thu, 10/19/2017 - 11:16
NEW YORK (Reuters) - Thirty years ago, before heading to work at the New York Stock Exchange, Peter Kenny left his home in lower Manhattan and made a detour to the nearby Our Lady of Victory church to pray to St. Jude, the Roman Catholic patron saint of desperate and lost causes.
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Could the 1987 stock market crash happen again?

Reuters Business News - Thu, 10/19/2017 - 11:16
NEW YORK (Reuters) - On the 30th anniversary of the 1987 stock market crash, U.S. stocks are at a record high and investors are concerned that steep valuations may mean a correction is overdue, despite healthy corporate earnings and economic growth.
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Tech leads Wall Street's retreat from record high

Reuters Business News - Thu, 10/19/2017 - 10:20
(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.
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Nissan to suspend domestic production of cars for Japan market

Reuters Business News - Thu, 10/19/2017 - 10:18
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 final inspection procedures that led to a major recall, it said on Thursday.
Categories: Reuters

Wall Street opens lower as tech stocks slide

Reuters Business News - Thu, 10/19/2017 - 09:38
(Reuters) - U.S. stocks opened lower on Thursday, a day after scaling record highs, amid a fall in technology stocks led by Apple.
Categories: Reuters
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