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Wednesday, October 15, 2014

Daily Investor Briefing: U.S. retail sales, producer prices...

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10/15/2014
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
U.S. retail sales, producer prices give cautionary signs on economy
WASHINGTON (Reuters) - U.S. retail sales declined in September and producer prices also fell, worrisome signals on the economy's health that helped fuel a major sell-off on Wall Street.
Wall St. falls on global economy worry, ends off lows
NEW YORK (Reuters) - U.S. stocks fell on Wednesday on continued worries about the global economy, but managed to close well above session lows that briefly pushed the S&P 500 and Nasdaq into negative territory for the year.
American Express quarterly profit rises 8 percent
(Reuters) - American Express Co , the world's largest credit card issuer, reported an 8.1 percent rise in quarterly profit as customers spent more using the company's credit cards.
Netflix reports quarterly net subscriber additions below forecast
(Reuters) - Netflix Inc reported quarterly net subscriber additions below its forecast, sending the video streaming company's shares down 24 percent in extended trading.
AbbVie cools on $55 billion Shire deal after U.S. tax changes
LONDON (Reuters) - U.S. pharmaceutical company AbbVie said it was reconsidering its $55 billion takeover of Shire in the wake of U.S. government moves to curb deals designed to cut taxes, wiping as much as $13 billion off the London-listed firm's stock price.
Airlines to report strong third quarter earnings despite stock drop: analysts
(Reuters) - U.S. airlines are expected to report healthy third-quarter profits as jet fuel costs keep declining, even though their stocks have plunged on concerns that Ebola will discourage travel, analysts said.
U.S. economy growing at modest to moderate pace: Fed's Beige Book
WASHINGTON (Reuters) - The U.S. economy expanded at a "modest to moderate" pace across much of the nation in recent weeks, the Federal Reserve said on Wednesday, giving a picture of stable economic growth despite recent signs of weakness.
Wal-Mart cuts full-year sales growth forecast
(Reuters) - Wal-Mart Stores Inc cut its full-year sales growth forecast, hurt by a stronger dollar and a bigger-than-expected impact from the cut in the government food stamp program last year.
Bank of America moves past worst legal costs, posts loss
(Reuters) - Bank of America Corp said on Wednesday that it has moved past the worst of its legal settlements linked to the financial crisis, after its latest big legal charge brought the bank's common shareholders a net loss for the third quarter.
Time Warner to launch HBO as streaming broadband service
NEW YORK (Reuters) - Time Warner Inc's HBO will launch a standalone online streaming service next year to make hit shows such as "Game of Thrones" available to people who do not subscribe to cable television.
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