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Friday, October 18, 2013

Business Today: Morgan Stanley revenue jumps 50 percent on strong equities trading

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10/18/2013
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Morgan Stanley revenue jumps 50 percent on strong equities trading
(Reuters) - Morgan Stanley's third-quarter revenue jumped 50 percent, helping adjusted earnings beat expectations, as higher income from equities sales and trading made up for a drop in the Wall Street bank and brokerage's fixed-income business.
Stock futures extend gains on rosy corporate results
NEW YORK (Reuters) - U.S. stock index futures rose on Friday, helped by gains in big companies like Google Inc and Morgan Stanley following their results.
GE third quarter hit by finance business; investors cheer record backlog
(Reuters) - General Electric Co said on Friday that third-quarter profit and revenue fell, mainly due to its shrinking finance business and the negative effects of foreign currency.
Google stock set for all-time high as revenue soars
(Reuters) - Google Inc shares were set to open at an all-time high near $1,000 after the search engine giant reported a surge in mobile and video advertising that helped drive quarterly revenue up 23 percent.
EU strikes trade deal with Canada, looks to pact with U.S
BRUSSELS (Reuters) - The European Union and Canada agreed a multi-billion-dollar trade pact on Friday that will integrate two of the world's largest economies and paves the way for Europe to do an even bigger deal with the United States.
Schlumberger, Baker top estimates with global drilling
(Reuters) - Steadily growing drilling activity in U.S. offshore waters and overseas gave a bigger-than-expected lift to quarterly profits at oil services companies Schlumberger Ltd and Baker Hughes Inc , marking a clear divide with struggling smaller U.S. competitors.
Bombardier says China's CDB Leasing may buy 30 CSeries aircraft
(Reuters) - Bombardier Inc said China's CDB Leasing Co Ltd may buy an additional 15 CSeries jetliners, potentially taking its total order to 30 aircraft worth about $2 billion, based on list prices.
Honeywell cuts full-year revenue forecast
(Reuters) - U.S. manufacturing conglomerate Honeywell International Inc posted lower-than-expected quarterly revenue and cut its full-year sales forecast on Friday, citing delays in closing sales to some customers.
DBRS places Monte Paschi ratings under review
MILAN (Reuters) - Ratings agency DBRS has placed the credit rating of Banca Monte dei Paschi di Siena under review saying a new restructuring plan for the world's oldest bank could disrupt some areas of its business.
China's third-quarter GDP growth fastest this year, but outlook dim
BEIJING (Reuters) - China's economy grew at its quickest pace this year between July and September in a rebound fuelled largely by investment, although signs are already emerging that the pickup in activity may lose some vigor.
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