STOCKS GO NOWHERE, DOW TOPS CLOSING HIGH: Here's what you need to know
Lord Jim/Flickr Stocks barely moved in either direction on Tuesday, in another session marked by weak trading volume. The Dow Jones Industrial Average crossed the all-time closing high it reached on Monday. The index rose and achieved a record for an eighth straight day, the longest rally since March 2013. First, the scoreboard: Dow: 18,559.01, +25.96, (0.14%) S&P 500: 2,163.78, -3.11, (-0.14%) Nasdaq: 5,036.37, -19.41, (-0.38%) WTI crude oil: $44.65, -$0.59..>> view originalPimco's New Turnaround Man: Manny Roman
In Manny Roman, Pacific Investment Management Co. may have found the tough turnaround specialist the giant U.S. bond manager has been looking for. French-born Mr. Roman, a 52-year-old former Goldman Sachs banker and serial deal-maker, is widely credited with leading a turnaround at hedge-fund group Man Group PLC that has included a raft of big acquisitions to diversify the business and sweeping changes to his management team....>> view originalAbbott Labs Profit Tops Views
Abbott Laboratories Inc., in the middle of its tie-up with St. Jude Medical Inc., said Wednesday that earnings declined 22% from a year earlier amid higher expenses. However, adjusted profit beat analysts expectations by 2 cents and revenue climbed, helped by recent product launches. Shares rose 2.9% to $43 in recent premarket trading. Abbott’s Absorb dissolving heart stent was approved by the U.S. Food and Drug...>> view originalTech earnings lift Europe shares, dollar up on Fed hike bets
LONDON Forecast-beating earnings in the tech sector lifted European shares on Wednesday and the dollar strengthened on growing expectations the U.S. Federal Reserve may raise interest rates before the end of the year.Oil prices edged up before U.S. data that may signal whether a supply glut in the top consuming country was easing, while the stronger dollar weighed on commodity prices.Wall Street looked set to open higher ESc1 1YMc1, according to index futures.The pan-European STOXX 600 share i..>> view originalHalliburton Swings to Loss but Signals Upturn
Halliburton Co. swung to a loss in its latest quarter as it booked hefty charges related to its failed tie-up with Baker Hughes Inc. and revenue from its North American business continued to drag amid energy-market volatility. Still, results came in much better than anticipated, and the second largest oil-field-services company behind Schlumberger Ltd. and a bellwether for the industry emphasized a turnaround is on the horizon....>> view originalAsian Shares Mixed On Growth Worries
Shutterstock photo (RTTNews.com) - Asian stocks turned in a mixed performance yet again as another fall in oil prices overnight and the IMF's modest downgrade of its forecasts for global growth kept investors on edge. The IMF downgraded its forecasts for global growth this year and next by just 0.1 percentage point, but warned that more negative outcomes are a distinct possibility as the Brexit vote's impacts play out over time. Chinese shares drifted lower as investors pondered the poss..>> view originalUnilever Takes on Gillette With $1 Billion Dollar Shave Deal
Unilever acquired Dollar Shave Club LLC in a deal said to be worth about $1 billion, gaining a firmer foothold in the burgeoning market for male grooming products and opening up a new front in its battle against Procter & Gamble Co.The Anglo-Dutch consumer products maker will pay cash for the U.S. toiletry delivery business, said people familiar with the deal, who asked not be identified as the terms weren’t disclosed. A Unilever spokesman declined to comment. The maker of Dove soap said it exp..>> view originalHealth Insurers Face Challenges to Mergers -- WSJ
Shutterstock photo By Brent Kendall and Anna Wilde Mathews The U.S. government is close to challenging two proposed mergers between four of the nation's largest health- insurance companies, according to people familiar with the matter, in what would represent strong pushback against consolidation in the industry. The Justice Department as soon as this week could challenge Anthem Inc.'s proposed acquisition of Cigna Corp. and Aetna Inc.'s planned combination with Humana Inc. Anti..>> view original
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