Reuters

J&J beats profit estimates, lifts outlook on pharma unit strength

By Manas Mishra (Reuters) - Johnson & Johnson reported slightly better-than-expected third quarter profit and raised its full-year forecast on Tuesday as increased demand for cancer drugs and immune disorder treatments powered strong results for its...

Tuesday, October 16, 2018 - 1:51pm

UnitedHealth forecasts 2019 profit gains after earnings beat

By Caroline Humer and Tamara Mathias (Reuters) - UnitedHealth Group Inc on Tuesday backed Wall Street's 2019 earnings forecast, citing momentum in newer businesses like providing medical services and traditional areas, including managing U.S. government...

Tuesday, October 16, 2018 - 1:07pm

Tough markets hit BlackRock results; shares slump 4 percent

By Trevor Hunnicutt (Reuters) - BlackRock Inc's <BLK.N> quarterly revenue fell short of Wall Street's expectations on Tuesday as the world's biggest asset manager reported its lowest sales of equity, bond and other long-term investments since the...

Tuesday, October 16, 2018 - 1:06pm

Equity trading strength boosts profits at Morgan Stanley, Goldman

By Aparajita Saxena and Matt Scuffham (Reuters) - Wall Street's top investment banks reported better-than-expected quarterly profits on Tuesday, helped by strength in stock trading and equity underwriting, wrapping up what has been a strong quarter for...

Tuesday, October 16, 2018 - 1:06pm

Microsoft co-founder Paul Allen dies of cancer complications at 65

(In this Oct. 15 story, corrects date of book "“The Road Ahead" to 1995.) By Bill Rigby (Reuters) - Microsoft Corp <MSFT.O> co-founder Paul Allen, the man who persuaded school-friend Bill Gates to drop...

Tuesday, October 16, 2018 - 12:11pm

Trump tells Mattis he is 100 percent behind him after 'Democrat' jab

By Phil Stewart HO CHI MINH CITY, Vietnam (Reuters) - U.S. Defense Secretary Jim Mattis said President Donald Trump has reassured him of his full support after the Republican president described his Pentagon chief as "sort of a Democrat" who could leave the...

Tuesday, October 16, 2018 - 12:10pm

Sears faces tough foe: an unforgiving bankruptcy code

By Tom Hals and Nandita Bose (Reuters) - When Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, it said it would close another 142 unprofitable Sears and Kmart locations and seek to reorganize around financially healthier stores. It also...

Tuesday, October 16, 2018 - 12:10pm

U.S. government, but not Trump, can be sued over climate: judge

By Tina Bellon (Reuters) - A group of young Americans suing the federal government over lack of action to fight climate change can proceed with their lawsuit, but U.S. President Donald Trump cannot be named as a defendant, a federal judge ruled on Monday...

Tuesday, October 16, 2018 - 10:05am

Morgan Stanley profit beats on strength in equity trading, underwriting

(Reuters) - Morgan Stanley <MS.N> reported a better-than-expected quarterly profit on Tuesday, driven by higher revenue in its stock trading and equity underwriting businesses. Equity trading revenue rose 7 percent in a quarter marked by uncertainties...

Tuesday, October 16, 2018 - 10:05am

Goldman Sachs profit beats on higher equity trading, investment banking

(Reuters) - Goldman Sachs <GS.N> reported a better-than-expected quarterly profit on Tuesday, driven by its equities trading and investment banking businesses that offset weakness in bond trading. This is Goldman's last quarterly results under Lloyd...

Tuesday, October 16, 2018 - 10:05am

Goldman Sachs profit beats on higher equity trading, investment banking

(Reuters) - Goldman Sachs <GS.N> reported a better-than-expected quarterly profit on Tuesday, driven by its equities trading and investment banking businesses that offset weakness in bond trading. This is Goldman's last quarterly results under Lloyd...

Tuesday, October 16, 2018 - 10:05am

U.S. government posts widest deficit since 2012

By Jason Lange and Jonathan Spicer WASHINGTON (Reuters) - The U.S. government closed the 2018 fiscal year $779 billion in the red, its highest deficit in six years, as Republican-led tax cuts pinched revenues and expenses rose on a growing national debt,...

Tuesday, October 16, 2018 - 10:04am

Two Koreas, U.N. Command wrap up first talks on disarming border

By Hyonhee Shin SEOUL (Reuters) - North and South Korea held their first three-way talks with the United Nations Command (UNC) on Tuesday to discuss ways to demilitarize the border as the neighbors push for peace, South Korea's defense ministry said...

Tuesday, October 16, 2018 - 10:03am

She came, she saw, she conquered, British woman claims conker crown

LONDON (Reuters) - Standing in a rain soaked English village, more than 200 competitors armed with horse chestnuts dangling from shoelaces faced off for the World Conker Championship. The quintessential...

Tuesday, October 16, 2018 - 4:00am

Judge dismisses Stormy Daniels defamation lawsuit against Trump

WASHINGTON (Reuters) - A U.S. judge on Monday dismissed adult film actress Stormy Daniels's defamation lawsuit against President Donald Trump and ordered her to pay his attorney's fees, saying a tweet the president had written referring to her was protected by free-speech...

Tuesday, October 16, 2018 - 3:02am

Trump surveys Michael's wrath, rescuers search for bodies

By Steve Holland LYNN HAVEN, Fla. (Reuters) - U.S. President Donald Trump got a first-hand look on Monday at the “...

Tuesday, October 16, 2018 - 12:05am

Senator Warren, mocked by Trump as 'Pocahontas,' says DNA test backs her ancestry

By Doina Chiacu WASHINGTON (Reuters) - Democratic Senator Elizabeth Warren, ridiculed by U.S. President Donald Trump as "Pocahontas" for claiming Native American heritage, hit back on Monday with DNA evidence she said supported her assertion, a...

Monday, October 15, 2018 - 11:03pm

Sears, once a retail titan, files for Chapter 11 bankruptcy

By Tracy Rucinski and Jessica DiNapoli (Reuters) - A bankruptcy judge on Monday approved $300 million in financing to keep department store chain Sears Holdings Corp open through the holiday season, giving the century-old retailer that once dominated U.S....

Monday, October 15, 2018 - 7:09pm

Exclusive: Facebook to ban misinformation on voting in upcoming U.S. elections

By Joseph Menn MENLO PARK, Calif. (Reuters) - Facebook Inc will ban false information about voting requirements and fact-check fake reports of violence or long lines at polling stations ahead of next month's U.S. midterm elections, company executives told...

Monday, October 15, 2018 - 7:09pm