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Caterpillar cuts profit outlook as China construction sales slump

13 mins ago NAMEX Comments Off on Caterpillar cuts profit outlook as China construction sales slump
(Reuters) – Industrial bellwether Caterpillar Inc (CAT.N) reported a drop in sales in the United States and China in the third quarter, leading it to cut its outlook for the year and adding to evidence that the global economy is firmly on the decline. FILE PHOTO: Caterpillar logo is pictured at the ‘Bauma’ Trade Fair Read More

UPDATE 4-Sales of Eli Lilly diabetes drug Trulicity fall short, shares drop

2 hours ago NAMEX Comments Off on UPDATE 4-Sales of Eli Lilly diabetes drug Trulicity fall short, shares drop
(Reuters) – Eli Lilly and Co’s (LLY.N) quarterly sales missed Wall Street estimates on Wednesday as the drugmaker offered more discounts or rebates for its top-selling diabetes drug Trulicity, sending shares down 3%. FILE PHOTO: The logo and ticker for Eli Lilly and Co. are displayed on a screen on the floor of the New Read More

Boeing profit slumps 53% as MAX grounding takes heavy toll

4 hours ago NAMEX Comments Off on Boeing profit slumps 53% as MAX grounding takes heavy toll
(Reuters) – Boeing Co (BA.N) cut production of its flagship Dreamliner and delayed the arrival of a successor to its 777 mini-jumbo on Wednesday, piling new pressures on a rejigged senior management team as the continued safety grounding of its 737 MAX sliced third quarter profits. FILE PHOTO: Aerial photos showing Boeing 737 Max airplanes Read More

Wall Street eyes subdued open as Caterpillar, Texas Instruments disappoint

4 hours ago NAMEX Comments Off on Wall Street eyes subdued open as Caterpillar, Texas Instruments disappoint
(Reuters) – Wall Street headed for a flat open on Wednesday, after earnings from industrial bellwether Caterpillar and chip major Texas Instruments kept investors on edge over the fallout from the U.S.-China trade war. A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 22, 2019. REUTERS/Brendan Read More

Freeport posts quarterly loss as copper production falls

5 hours ago NAMEX Comments Off on Freeport posts quarterly loss as copper production falls
Oct 23 (Reuters) – Freeport McMoRan Inc reported a third-quarter loss on Wednesday as copper production was hit by lower output at its Peru mine and its move to underground mining at its giant Grasberg mine in Indonesia. The company reported a net loss of $131 million, or 9 cents per share, compared with a Read More

UPDATE 2-Boeing profit slumps 53% as MAX grounding takes heavy toll

5 hours ago NAMEX Comments Off on UPDATE 2-Boeing profit slumps 53% as MAX grounding takes heavy toll
(Reuters) – Boeing Co (BA.N) cut production of its flagship Dreamliner and delayed the arrival of a successor to its 777 mini-jumbo, piling new pressures on a rejigged senior management team as the continued safety grounding of its 737 MAX sliced third quarter profits. FILE PHOTO: Aerial photos showing Boeing 737 Max airplanes parked at Read More

Brewer Heineken tempers profit hopes as Americas slip

7 hours ago NAMEX Comments Off on Brewer Heineken tempers profit hopes as Americas slip
BRUSSELS (Reuters) – Heineken (HEIN.AS), the world’s second-largest brewer, forecast profit this year would be at the bottom end of its previous guidance after an unexpected dip in third-quarter sales in the Americas partly offset strong growth in Asia. FILE PHOTO: Glasses of Heineken beer are seen at a restaurant in Hanoi, Vietnam May 30, Read More

Health insurer Anthem profit beats, raises 2019 earnings forecast

7 hours ago NAMEX Comments Off on Health insurer Anthem profit beats, raises 2019 earnings forecast
FILE PHOTO: The logo for health insurance provider, Anthem, is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid (Reuters) – Anthem Inc (ANTM.N) reported a better-than-expected quarterly profit on Wednesday as it benefited from higher sales of its government-backed health Read More

GLOBAL MARKETS-Shares hit by tech problems and Brexit snags

8 hours ago NAMEX Comments Off on GLOBAL MARKETS-Shares hit by tech problems and Brexit snags
LONDON (Reuters) – World stock markets fell on Wednesday, as hopes faded that a Brexit deal would be wrapped by next week and a profit warning from Texas Instruments pulled down tech shares. FILE PHOTO: A trader works as a screen shows market data behind him at CMC markets in London, Britain, December 11, 2018. Read More

Morning News Call – India, October 23

14 hours ago NAMEX Comments Off on Morning News Call – India, October 23
To access a PDF version of this newsletter, please click here here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH No major events are scheduled for the day. LIVECHAT - EQUITIES FOCUS Reuters stocks correspondents in London and New York sift through a heavy corporate earnings Read More