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Tuesday, October 28, 2014

Business Today: Futures up but data weighs; Twitter down, Madison Square jumps

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Futures up but data weighs; Twitter down, Madison Square jumps
NEW YORK (Reuters) - U.S. stock index futures rose on Tuesday ahead of data on industrial production, home prices and consumer confidence and as the Federal Reserve prepared to begin a two-day meeting on monetary policy.
U.S. core capital goods orders post largest fall in eight months
WASHINGTON (Reuters) - New orders for capital goods by U.S. businesses recorded their biggest drop in eight months in September, but the surprise decline was likely to be temporary as business sentiment has been upbeat in recent months.
Alibaba's Ma says open to working with Apple on payments
LAGUNA BEACH Calif. (Reuters) - Alibaba Group Holdings Ltd executive chairman Jack Ma said he's open to working with Apple Inc on mobile payments, as China's richest person prepares to call on Hollywood this week in search of media partners.
Pfizer beats sales and profit forecasts, mum on future deals
(Reuters) - Pfizer Inc reported stronger-than-expected quarterly results, helped by growing sales of its cancer drugs and demand for its medicines in emerging markets, but did not signal any acquisition plans in the wake of its recent failed efforts to buy rival British drugmaker AstraZeneca Plc .
Apple CEO fires back as retailers block Pay
LAGUNA BEACH Calif. (Reuters) - Apple Inc CEO Tim Cook fired back at CVS and Rite Aid on Monday after the drugstore chains blocked the iPhone maker's mobile payments service, saying there were plenty of other retailers around the world to sign up.
DuPont profit beats as cost cuts boost margins
(Reuters) - DuPont's third-quarter profit scraped past the average analyst estimate as the company's cost-cutting efforts helped to boost operating margins in five of its seven businesses.
Twitter users and engagement disappoint, shares dive
SAN FRANCISCO (Reuters) - Twitter Inc posted a disappointing 7 percent slide in a closely watched measure of engagement even though its user base grew 23 percent in the third quarter, triggering a more than 9 percent decline in its stock on Monday.
Italy's Monte Paschi discussing capital options with government
ROME (Reuters) - Italy's Treasury has not ruled out extending repayment deadlines on hundreds of millions of euros in state aid to help troubled lender Banca Monte dei Paschi di Siena as it struggles to raise fresh capital, a person close to the matter said on Tuesday.
T-Mobile posts record subscriber growth but losses bigger than expected
WASHINGTON (Reuters) - T-Mobile US Inc on Monday posted record subscriber growth in the third quarter on the back of aggressive marketing campaigns, but booked wider-than-expected losses due to the cost of integrating its MetroPCS network.
BP posts slump in Russian income but raises dividend
LONDON (Reuters) - BP's third-quarter results took a hit from declining oil prices and a sharp drop in income from Russia as Western sanctions on Moscow led to a slump in earnings from the oil major's local partner, Kremlin-controlled Rosneft .
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