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Updated: 5 hours 35 min ago

Netflix eases Wall Street worries with record quarter

Tue, 10/16/2018 - 5:30pm
Netflix Inc hooked 7 million new streaming subscribers from July to September, a third more than Wall Street had expected, reassuring investors who had worried the company was facing a slowdown in its fast-paced growth.

Trump defends Saudi Arabia from criticisms in journalist case: AP

Tue, 10/16/2018 - 5:13pm
U.S. President Donald Trump on Tuesday defended Saudi Arabia from what he characterized as efforts to condemn Riyadh over the disappearance of journalist Jamal Khashoggi before all the facts were known, telling the Associated Press in an interview it was a case of "guilty until proven innocent."

Swiss lose competitiveness crown to U.S. in revamped global rankings

Tue, 10/16/2018 - 5:10pm
Switzerland's nine-year streak as the world's most competitive economy came to an end on Wednesday, dethroned by the United States in an annual league table published by the World Economic Forum (WEF).

Honduras urges citizens to not join migrant caravan heading to U.S.

Tue, 10/16/2018 - 4:52pm
The government of Honduras on Tuesday urged its citizens not to join a migrant caravan heading to the United States, dismissing the journey as a political ploy.

Pompeo says Saudi leaders pledge thorough probe of Khashoggi disappearance

Tue, 10/16/2018 - 4:40pm
U.S. Secretary of State Mike Pompeo said on Tuesday that Saudi leaders strongly denied any knowledge of what took place in their Istanbul consulate during a visit by U.S.-based Saudi journalist Jamal Khashoggi and promised a serious and credible investigation.

Death toll from Florida hurricane at least 29, hundreds missing

Tue, 10/16/2018 - 4:29pm
The death toll from Hurricane Michael rose to at least 29 on Tuesday as crews scoured debris for hundreds of people reported missing in the Florida Panhandle, nearly a week after the storm flattened whole communities.

At U.N., Cuban diplomats shout down U.S. event on political prisoners

Tue, 10/16/2018 - 4:26pm
Protesting Cuban and Bolivian diplomats shouted, chanted and banged their hands on desks at the United Nations on Tuesday to drown out the launch of a U.S. campaign on the plight of Cuban political prisoners.

Trump widens Fed critique, calls it 'my biggest threat'

Tue, 10/16/2018 - 4:22pm
U.S. President Donald Trump heaped more criticism on the Federal Reserve in an interview with Fox Business Network on Tuesday, extending his discontent beyond its chairman, Jerome Powell, whom he has frequently critiqued in public.

Beto O'Rourke faces Ted Cruz in Texas Senate race showdown

Tue, 10/16/2018 - 4:18pm
Democratic U.S. Representative Beto O'Rourke faces off against U.S. Senator Ted Cruz in their second debate on Tuesday as recent opinion polls show the Republican incumbent pulling away from his liberal challenger for the Texas seat.

Uber IPO proposals value company at $120 billion: WSJ

Tue, 10/16/2018 - 4:02pm
Ride-hailing company Uber Technologies Inc [UBER.UL] could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported on Tuesday.

Goldman Sachs will slow consumer loan growth if market falters

Tue, 10/16/2018 - 4:02pm
Goldman Sachs will limit loan growth in one of its new business areas if it sees a marked deterioration in credit quality, potentially jeopardizing new Chief Executive David Solomon's task of boosting revenue by $5 billion by 2020.

'Treason' remark stirs hotly contested Senate race in Arizona

Tue, 10/16/2018 - 3:56pm
Republican Congresswoman Martha McSally accused her opponent in the hotly contested U.S. Senate race in Arizona, Democratic U.S. Representative Kyrsten Sinema, of "being OK with treason" as the two faced off in their only debate.

Turkish police say will not search Saudi consul's Istanbul residence on Tuesday

Tue, 10/16/2018 - 3:54pm
Turkish police will not search the Saudi consul's Istanbul residence on Tuesday, officers at the scene said, as Turkey continues the investigation into the disappearance of Saudi journalist Jamal Khashoggi.

Morgan Stanley profit beats on strength in equity trading, underwriting

Tue, 10/16/2018 - 6:48am
Morgan Stanley beat estimates for quarterly profit on Tuesday as higher revenue from trading in stocks and strong equity underwriting outweighed weakness in its bond trading and advisory businesses.

UnitedHealth tops earnings estimates, raises 2018 forecast

Tue, 10/16/2018 - 6:47am
UnitedHealth Group Inc added more members to its health insurance plans in the third quarter, helping the industry bellwether beat profit estimates and raise its earnings forecast for the full year.

BlackRock profits rise, sales hurt by investor sentiment

Tue, 10/16/2018 - 6:44am
BlackRock Inc reported a better-than-expected quarterly profit on Tuesday, helped by lower taxes, but the company's sales growth sank as investors cut risk in their portfolios.

Sears faces tough foe: an unforgiving bankruptcy code

Tue, 10/16/2018 - 6:41am
When Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, it said it would close another 142 unprofitable Sears and Kmart locations and seek to reorganize around financially healthier stores. It also triggered a "time bomb" that retailers have had a tough time surviving.

Pompeo meets Saudi king on Khashoggi case, Turks study 'toxic materials'

Tue, 10/16/2018 - 6:40am
U.S. Secretary of State Mike Pompeo met Saudi Arabia's King Salman on Tuesday to discuss the disappearance of Saudi journalist Jamal Khashoggi, as Turkish police prepared to search the Saudi consul's residence in Istanbul in a widening probe.

Pompeo tells Saudis U.S. is concerned about Khashoggi: State Department

Tue, 10/16/2018 - 6:39am
U.S. Secretary of State Mike Pompeo on Tuesday expressed concern about the disappearance of dissident Saudi journalist Jamal Khashoggi during a meeting in Riyadh with the country's foreign minister and thanked Saudi King Salman for his commitment to investigating it, the State Department said.

Johnson & Johnson profit beats, lifts forecast on cancer drug demand

Tue, 10/16/2018 - 6:37am
Johnson & Johnson on Tuesday reported quarterly profit above estimates and raised its full-year forecast, as demand for its cancer drugs Zytiga and Imbruvica helped offset decline in sales of blockbuster drug, Remicade.