Archive for the ‘Business News’ Category

Mali’s First Ebola Case In Current Outbreak Is 2-Year-Old Girl

Posted on the October 24th, 2014 under Business News by

The toddler was reportedly brought by her grandmother from neighboring Guinea, where the epidemic is raging.

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Stress tests, Ebola cool global stocks after best week of year

Posted on the October 24th, 2014 under Business News by

A man walks past the London Stock Exchange in the City of LondonBy Marc Jones LONDON (Reuters) – World stocks dipped on Friday, as European bank stress test results due at the weekend and New York City's first case of Ebola prompted investors to lock in profits after the best week for shares in well over a year. A doctor who treated Ebola patients in West Africa became the first person to test positive for the virus in America's largest city, raising fresh fears about its spread. Europe's main bourses in London, Frankfurt and Paris all opened 0.5 percent in the red and U.S. …



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U.S. stock futures tumble on reports of NY Ebola case

Posted on the October 24th, 2014 under Business News by

Tokyo Stock Exchange staff members work at the bourse at TSE in TokyoBy Hideyuki Sano TOKYO (Reuters) – U.S. stock futures tumbled while safe-haven assets such as the yen and U.S. bonds gained on Friday after a doctor who returned to New York City from West Africa tested positive for Ebola. S&P 500 mini futures fell as much as 0.7 percent, slipping from two-week highs hit the previous day on budding optimism from corporate earnings and the global economy. European shares looked set to slip, with France's CAC 40 seen falling by as much as 0.7 percent and Germany's DAX and Britain's FTSE by 0.5 percent. …



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Asian stocks advance on positive earnings, data

Posted on the October 24th, 2014 under Business News by

Tokyo Stock Exchange staff members work at the bourse at TSE in TokyoBy Hideyuki Sano TOKYO (Reuters) – Asian shares climbed on Friday after upbeat U.S. corporate earnings, solid U.S. economic data, and an unexpected uptick in euro zone business sentiment helped ease concerns that the global economy was losing momentum. Japan's Nikkei share average rose 1.4 percent while MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent. Results from Caterpillar Inc and 3M Co reassured investors that companies with large overseas revenue streams could deliver solid profits, despite concerns about global economic growth. …



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Wall St. gains on industrial earnings but ends off highs

Posted on the October 23rd, 2014 under Business News by

Traders work on the floor of the New York Stock ExchangeBy Yasmeen Abutaleb NEW YORK (Reuters) – Earnings from Caterpillar and 3M drove Wall Street higher on Thursday but stocks pared gains in late trading after reports that a New York hospital was running Ebola tests on a healthcare worker. The day's advance put the S&P 500 at its highest level in two weeks as results from industrial bellwethers reassured investors that corporations can generate strong profits despite concerns about global growth. Still, the S&P finished about 0. …



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Wall St. up on earnings; Caterpillar rallies

Posted on the October 23rd, 2014 under Business News by

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) – Corporate earnings including Caterpillar's drove Wall Street higher on Thursday but stocks pared gains late in the session after reports that a New York City hospital is running Ebola tests on a healthcare worker who treated infected patients in West Africa. The Dow Jones industrial average rose 216.58 points, or 1.32 percent, to 16,677.9, the S&P 500 gained 23.71 points, or 1.23 percent, to 1,950.82 and the Nasdaq Composite added 69.95 points, or 1.6 percent, to 4,452.79. (Reporting by Rodrigo Campos; Editing by Nick Zieminski)



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Global stocks surge on U.S. corporate results, bonds fall

Posted on the October 23rd, 2014 under Business News by

A man walks past the London Stock Exchange in the City of LondonBy Herbert Lash NEW YORK (Reuters) – Global equity markets rose on Thursday, with stocks on Wall Street surging more than 1 percent as U.S. corporate earnings continued to beat expectations, while government debt prices fell on encouraging American and German economic reports. Results from Caterpillar Inc and 3M Co , both Dow components, reassured investors that companies with large overseas revenue streams can deliver solid profits despite concerns about global economic growth. Shares of Caterpillar, which raised its full-year earnings outlook, rose 5.0 percent, while 3M shares jumped 5. …



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