Bhinneka News Online: Daily Investor Update: Wall St. ends October on high note, led by tech, consumer staples

Tuesday, 31 October 2017

Daily Investor Update: Wall St. ends October on high note, led by tech, consumer staples

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Tuesday, October 31, 2017

Wall St. ends October on high note, led by tech, consumer staples

NEW YORK (Reuters) - A jump in shares of consumer companies Mondelez and Kellogg after their quarterly reports, along with further gains for tech stocks on Tuesday, helped Wall Street end October on a positive note.

Videogame publisher EA's holiday-quarter sales forecast misses estimates

(Reuters) - Electronic Arts Inc's revenue forecast for the keenly watched holiday quarter narrowly missed estimates on Tuesday amid expectations of tough competition from other games that are likely to release around the same time.

Uber CEO says company's future in Brazil in the balance

BRASILIA (Reuters) - The chief executive of Uber Technologies Inc, Dara Khosrowshahi, said on Tuesday that his company's future in Brazil depends on government decisions, as the Brazilian Senate prepared to vote on regulating car hailing apps.

Under Armour chops forecasts as North America slide worsens

(Reuters) - Under Armour Inc slashed 2017 forecasts and reported its first quarterly fall in revenue since going public on Tuesday, as the sportswear firm struggled to make inroads against global rivals Nike and Adidas .

Apple could drop Qualcomm components in next year's iPhones, iPads: sources

(Reuters) - Apple Inc has designed iPhones and iPads that would drop chips supplied by Qualcomm Inc , according to two people familiar with the matter.

Qualcomm dips on risk of losing Apple, Intel gains

(Reuters) - Shares in Qualcomm Inc fell as much as 8 percent on Tuesday on reports that Apple Inc would not use its modem chips in iPhones and iPads from next year.

Pfizer expects broad interest for consumer health business

NEW YORK (Reuters) - Pfizer Inc, the largest U.S. drugmaker, expects no shortage of suitors for its consumer health business and said it would decide whether to sell, spin off or retain the unit next year.

World stocks on tap for 12th month of gains, dollar edges up

NEW YORK (Reuters) - World stocks advanced on Tuesday and were poised for a record twelfth month of gains as Europe outpaced gains on Wall Street while the dollar edged up, on track for its best month of the year.

Airbus's legal troubles grow amid inaccurate U.S. arms trade filings

PARIS (Reuters) - Airbus said on Tuesday it had uncovered inaccuracies in its filings to U.S. regulators over arms technology sales, drawing the United States for the first time into a scandal over alleged misconduct at Europe's largest aerospace firm.

ADP, ISS reject Ackman's claims they exchanged non-public data

(Reuters) - Automatic Data Processing Inc rejected as "false and misleading" on Tuesday the accusation by billionaire investor William Ackman that the company gave proxy adviser Institutional Shareholder Services non-publicly disclosed information.