The Other Side of Life 24/7: Business Today: Futures higher after three-day drop, earnings

Tuesday, October 14, 2014

Business Today: Futures higher after three-day drop, earnings

Click to View in Browser

10/14/2014

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Futures higher after three-day drop, earnings

NEW YORK (Reuters) - U.S. stock index futures rose on Tuesday, after the S&P 500 suffered its worst three-day drop since November 2011, as investors digested earnings from a trio of large banks.

JPMorgan posts profit as trading picks up and legal costs ease

(Reuters) - JPMorgan Chase & Co reported a third-quarter profit as the biggest U.S. bank boosted revenue from trading and investment banking, and moved past the huge legal claims that pushed it into a rare loss in the same quarter last year.

Citi pulls consumer banks from 11 markets, posts higher profit

(Reuters) - Citigroup Inc said on Tuesday it would exit consumer banking in 11 more markets, as the most international of the big U.S. banks looks to shrink its way to better profits.

Wells Fargo profit rises 1.7 percent as mortgage business steadies

(Reuters) - Wells Fargo & Co , the fourth largest U.S. bank, reported a 1.7 percent rise in third-quarter profit on Tuesday as its mortgage business stabilized.

Chrysler recalls 184,215 SUVs for possible air bag issue

DETROIT (Reuters) - Chrysler Group said on Tuesday it is recalling an estimated 184,215 sport utility vehicles globally because a possible short circuit in a part could disable air bags and seat-belt pretensioners.

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 sales top forecast, helped by hepatitis drug

(Reuters) - Johnson & Johnson reported better than expected quarterly earnings, boosted by surging sales of a new drug for hepatitis C that are expected to evaporate in coming months due to competition from a more potent and convenient combination treatment.

Domino's quarterly profit tops Wall Street view

(Reuters) - Domino's Pizza Inc on Tuesday reported a quarterly profit that topped Wall Street's estimates, boosted by strong results overseas and its home market of the United States, where rival Pizza Hut is struggling.

U.S. small business confidence declines in September: NFIB

WASHINGTON (Reuters) - U.S. small business optimism fell in September as more owners said they expected a slowdown in profits and sales, tightening credit conditions and a harder time filling job openings, according to a survey released on Tuesday.

Iliad shares leap after failure to win U.S. mobile prize

PARIS (Reuters) - Relieved investors sent shares in French low-cost telecom operator Iliad up 11 percent on Tuesday after it abandoned an effort to buy the fourth-largest U.S. carrier T-Mobile.