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Tuesday, October 14, 2014

Daily Investor Briefing: S&P 500 ends up but well below day's...

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S&P 500 ends up but well below day's highs
NEW YORK (Reuters) - The S&P 500 and Nasdaq ended up slightly on Tuesday, breaking a three-day string of losses, while the Dow unofficially finished lower for a fourth session as concerns lingered over the strength of the global economy.
Intel gives rosy fourth-quarter revenue forecast as PCs recover
SAN FRANCISCO (Reuters) - Intel Corp gave a current-quarter revenue forecast above expectations as demand for personal computers recovered.
JPMorgan's profit misses; posts unexpected $1 billion legal expense
(Reuters) - JPMorgan Chase & Co reported lower-than-estimated third-quarter profit on Tuesday as unexpected legal expenses of $1 billion caught analysts off guard and offset strength in its capital markets and lending businesses.
Citi pulls out of consumer banking in 11 countries, profit jumps
(Reuters) - Citigroup Inc said it would pull out of consumer banking in 11 markets, including Japan and Egypt, as the U.S. bank with the biggest international business looks to cut persistently high costs.
Wells Fargo profit rises 1.7 percent as mortgage business steadies
(Reuters) - Wells Fargo & Co reported a 1.7 percent rise in third-quarter profit, helped by a slight increase in income at its mortgage banking unit, which had been a big drag on results for much of the last year.
Sergio's challenge: Build Jeep into FCA's top global brand by 2018
DETROIT/NEW YORK (Reuters) - Auto analysts are skeptical that Sergio Marchionne, the hyperbolic chief executive of Fiat Chrysler Automobiles , can meet his most ambitious goal: to nearly double Jeep's global sales over the next four years.
IEA sees 2015 oil demand growth much lower, supply hitting prices
LONDON (Reuters) - Demand for oil in 2015 will grow far slower than previously forecast as global economies remain weak, the International Energy Agency said on Tuesday, and prices may extend their sharp fall so long as OPEC shows no sign of countering a supply surge.
J&J beats forecasts, helped by hepatitis drug
(Reuters) - Johnson & Johnson reported strong quarterly earnings on surging sales of a new treatment for hepatitis C, but the company said it had sharply reduced prices for its artificial hips and warned that profits could be hurt next year by the stronger dollar.
CSX third-quarter profit, revenue up, topping forecasts
CHICAGO (Reuters) - No. 3 U.S. railroad CSX Corp on Tuesday reported third-quarter profit that rose from a year earlier, beating forecasts, driven by a 7 percent increase in freight volumes across most of its markets as the U.S. economy continued to grow.
Deutsche Telekom to avoid answering any cash calls from T-Mobile US: analysts
FRANKFURT (Reuters) - Deutsche Telekom had already given up on trying to sell its near 67 percent stake in T-Mobile US before upstart French telecoms firm Iliad dropped its bid on Monday and is now looking to avoid having to stump up more funds for the U.S. mobile network operator, analysts and investors said.
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