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Amazon bank Business month results 

Wall St. set to open lower on tepid earnings

July 21, 2017 By Tanya Agrawal (Reuters) – U.S. stock indexes looked set to open slightly lower on Friday, as investors took cues from earnings reports of industrial heavyweights General Electric and Honeywell. Shares of GE fell 3 percent in premarket trading after the company results beat estimates but posted a nearly 60 percent decline in profit. Honeywell International edged up 0.1 percent after the technology and manufacturing company reported a rise in its second-quarter profit. Microsoft fell 0.8 percent, a day after the company reported strong fourth-quarter earnings. Attention…

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Business increase policy results state 

Wall St. set to open higher on earnings optimism

July 20, 2017 By Tanya Agrawal (Reuters) – U.S. stock indexes looked set to open higher on Thursday, a day after all three major indexes closed at record highs, as investors waited for earnings to sustain the rally in technology stocks. The S&P 500 tech sector , which has been the best performing sector this year, broke its previous record closing high that had held since March 2000 in the midst of the dot-com and Y2K tech stocks bubble. Microsoft , which will report results after the market close, was…

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Business European Union France Google results 

French court refers ‘right to be forgotten’ dispute to top EU court

July 19, 2017 PARIS (Reuters) – EU judges will have to decide whether Google has to remove certain web search results globally to comply with a previous privacy ruling, after France’s supreme administrative court referred the issue to the top EU court on Wednesday. Google has gone head-to-head with the French data protection authority over the territorial scope of the so-called “right to be forgotten” whereby the search engine removes inadequate or irrelevant information from web results appearing under searches for people’s names in response to a 2014 ruling from…

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bank Business policy results U.S. 

Nasdaq set to hit record high as tech stocks rise

July 19, 2017 By Tanya Agrawal (Reuters) – The Nasdaq was set to hit a fresh record on Wednesday, helped by a rise in technology stocks, while the S&P and the Dow were headed for a slightly higher opening as investors focused on earnings. The tech-heavy Nasdaq closed at a record high on Tuesday helped by a jump in Netflix , with the index posting its longest streak of gains since February 2015. The S&P tech sector has been the best performing sector this year despite concerns about stretched valuations…

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bill Business news results U.S. 

U.S. stock futures flat as investors gauge big companies’ earnings

July 18, 2017 By Tanya Agrawal (Reuters) – U.S. stock index futures were little changed on Tuesday as investors waited for earnings from big U.S. companies to set the tone for the markets. Shares of UnitedHealth Group rose 1.8 percent in premarket trading after the largest U.S. health insurer’s quarterly profit beat expectations and it raised its earnings forecast. Johnson and Johnson rose 1 percent after the pharma company’s quarterly revenue grew from a year ago. The healthcare sector will be under scrutiny after the Republican healthcare bill to replace…

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attack cyber results service Tech Top News 

FedEx says cyber attack to hurt full-year results

July 17, 2017 (Reuters) – Package delivery company FedEx Corp said a disruption in services in its TNT Express unit following a cyber attack last month would hurt its full-year results. FedEx’s shares fell as much as 3.4 percent to $211.53 in early trading as the company said the financial impact of the disruption on its results was likely to be “material”. The Netherlands-based TNT Express is still experiencing widespread service delays following the attack, caused by the Petya cyber virus that spread through a Ukrainian tax software product, FedEx…

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bank Business report results U.S. 

U.S. stock futures little changed ahead of big earnings

July 17, 2017 By Tanya Agrawal (Reuters) – U.S. stock index futures were little changed on Monday as investors treaded water ahead of a busy earnings week from big U.S. companies. Bank of America , Morgan Stanley , Goldman Sachs , Microsoft , IBM and Johnson and Johnson are scheduled to report results this week. Netflix , which is scheduled to report results after the market close on Monday, rose 0.9 percent in premarket trading. Analysts estimate second-quarter earnings for the S&P 500 companies rose 8.1 percent from a year…

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bank Business report results U.S. 

Citigroup profit falls 3 percent as expenses rise, trading dips

July 14, 2017 (Reuters) – Citigroup Inc reported a 3.2 percent decline in quarterly profit as expenses rose and trading revenue fell from Brexit vote-boosted levels a year earlier. The fourth-biggest U.S. bank by assets said on Friday net income fell to $3.87 billion in the second quarter ended June 30, from $4.00 billion a year earlier. Earnings per share, however, rose to $1.28 from $1.24 as the number of shares outstanding declined due to buybacks. Analysts on average had expected earnings of $1.21 per share, according to Thomson Reuters…

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bank Business rates results U.S. 

JPMorgan beats estimates on Fed rate hikes, loan growth

July 14, 2017 (Reuters) – JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a better-than-expected quarterly profit on Friday as gains from higher interest rates and loan growth more than offset a drop in bond trading. Trading revenue fell for the first time in five quarters as volatility hit multi-year lows, but the drop was not as bad as expected by a company executive in the run-up to the results. Executives at big banks warned in recent weeks that trading revenue for the quarter would be down…

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bank Business reporting results Wells Fargo 

Big U.S. banks pack results into one day, overwhelming analysts

June 30, 2017 By Olivia Oran and David Henry (Reuters) – For the fourth straight quarter, several of the biggest U.S. banks are reporting earnings on the same day, setting up a situation that overwhelms analysts covering the industry. In a report on Friday, Barclays analyst Jason Goldberg noted that 10 of the 19 largest banks by market value are reporting results on just two days next month, on July 14 and 21st. “Seems excessive,” he wrote. Big bank earnings days can be a hectic and frazzled experience for analysts,…

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