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Tuesday, October 21, 2014

Daily Investor Briefing: Wall St. jumps after earnings, ECB...

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Wall St. jumps after earnings, ECB report
NEW YORK (Reuters) - U.S. stocks jumped on Tuesday following upbeat earnings and a report that the European Central Bank was looking at buying corporate bonds.
Yahoo's revenue rises 1 percent
SAN FRANCISCO (Reuters) - Yahoo Inc reported a modest increase in revenue during the third quarter, exceeding lackluster Wall Street targets, as the Internet company's online display advertising business continued to struggle.
Broadcom's third-quarter revenue exceeds expectations
SAN FRANCISCO (Reuters) - Broadcom posted higher third-quarter revenue on Tuesday that exceeded Wall Street's expectations as the chipmaker focused on networking and broadband chips, sending its shares 4 percent higher.
Total CEO de Margerie killed in Moscow as jet hits snow plow
MOSCOW/PARIS (Reuters) - Christophe de Margerie, the charismatic and outspoken chief executive of the French oil company Total , was killed when his private jet hit a snow plow as it was taking off from Moscow's Vnukovo airport on Monday night.
New Total boss must overhaul exploration strategy, pursue cost cuts
PARIS (Reuters) - The sudden death of Total's top executive may make it even trickier for the French oil major to overhaul its expensive exploration strategy while simultaneously cutting costs to please shareholders as oil prices fall.
Coca-Cola announces growth plan as profit falls 14 percent
(Reuters) - Coca-Cola Co on Tuesday announced new cost-cutting measures and a timeline for selling its bottling operations after its quarterly profit slumped 14 percent and the world's largest beverage maker struggles to find growth amid a soft market for soda.
U.S. existing home sales at one-year high, prices up
WASHINGTON (Reuters) - U.S. home resales raced to a one-year high in September, the latest indication the housing market recovery is gradually getting back on track.
U.S. Fed awards record amount of term deposits
NEW YORK (Reuters) - The Federal Reserve awarded a record amount of seven-day term deposits to banks at a test auction held on Monday, it said in a statement on Tuesday.
More lawsuits filed against Honda, Takata over air bags
DETROIT (Reuters) - The recall crisis is growing involving Takata-made air bags exploding with too much force and spraying vehicle occupants with metal shrapnel, with two more lawsuits filed over accidents in older Honda cars.
Tough U.S. rivalries, China food scandal pound McDonald's
(Reuters) - McDonald's Corp's - which has not given investors many reasons to sing the fast-food chain's "I'm lovin' it" jingle - on Tuesday said quarterly profit dropped by nearly one-third and warned that global restaurant sales will fall again in October.
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