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topNews reuters.com

Madrid to impose direct rule in Catalonia to quash independence bid

MADRID/BARCELONA (Reuters) - The Spanish government will impose direct rule on Catalonia, firing the regional government and forcing a new election, it said on Saturday, unprecedented steps that brought thousands of pro-independence protesters onto to the streets.

businessNews reuters.com

Wall Street hits record highs; tax plan hopes fuel optimism

NEW YORK (Reuters) - U.S. stocks hit record closing highs on Friday and the S&P 500 posted a sixth week of gains after the U.S. Senate passed a budget resolution, lifting hopes that President Donald Trump's tax-cut plan may move forward.

businessNews reuters.com

Wall Street up as progress in Trump's tax plan lifts hopes

(Reuters) - U.S. stocks extended gains in early afternoon trading on Friday to scale new highs on hopes that President Donald Trump's tax-cut plan would make further headway after the Senate passed a budget resolution.

businessNews reuters.com

Wells Fargo fires forex bankers, investigates unit: WSJ

(Reuters) - Wells Fargo & Co , the third-largest U.S. bank by assets, has fired four foreign-exchange bankers amid an investigation into that business by both the bank and regulators, the Wall Street Journal reported, citing people familiar with the matter and the bank.

companyNews reuters.com

Wells Fargo fires forex bankers, investigates unit -WSJ

Oct 20 (Reuters) - Wells Fargo & Co, the third-largest U.S. bank by assets, has fired four foreign-exchange bankers amid an investigation into that business by both the bank and regulators, the Wall Street Journal reported, citing people familiar with the matter and the bank.

businessNews reuters.com

Gillette weakens P&G report after Peltz row

(Reuters) - Procter & Gamble Co disappointed Wall Street with sales on Friday, hurt by continuing weakness in its Gillette business, a week after it claimed to have fought off hedge-fund manager Nelson Peltz's move to muscle onto the board.

companyNews reuters.com

UPDATE 4-Gillette weakens P&G report after Peltz row

Oct 20 (Reuters) - Procter & Gamble Co disappointed Wall Street with sales on Friday, hurt by continuing weakness in its Gillette business, a week after it claimed to have fought off hedge-fund manager Nelson Peltz's move to muscle onto the board.

businessNews reuters.com

Tech, bank stocks lift Wall Street; tax-cut plan back in focus

(Reuters) - Technology and bank stocks lifted Wall Street on Friday and investor optimism received a fresh boost from Washington, where the Trump administration inched a step closer to implementing tax-cut plan.

businessNews reuters.com

Bank, tech stocks lift Wall Street

(Reuters) - U.S. stocks inched higher on Friday as bank stocks rose and tech stocks recovered, with investor optimism back as Trump administration cleared a hurdle to lower taxes.

businessNews reuters.com

S&P, Dow open at record highs on tax-cut optimism

(Reuters) - Wall Street opened higher on Friday, with the S&P and the Dow recording new highs, on growth optimism as the Trump administration inched a step closer to implementing its tax-cut plan.

businessNews reuters.com

P&G's quarterly sales drag; Peltz still looms in board battle

(Reuters) - Consumer goods giant Procter & Gamble Co , which recently declared victory against hedge-fund manager Nelson Peltz's attempt to muscle his way onto the board, reported tepid sales that missed Wall Street estimates.

businessNews reuters.com

P&G's profit beats Wall Street on higher sales of beauty, home care

(Reuters) - Consumer goods giant Procter & Gamble Co , which recently declared victory in an historic proxy fight with activist investor Nelson Peltz, reported a better-than-expected quarterly profit on Friday but sales slightly missed Wall Street estimates.

businessNews reuters.com

GE stock drops as profit misses, CEO cuts forecast

(Reuters) - General Electric Co's third-quarter profit missed Wall Street estimates by a wide margin on Friday and the industrial conglomerate slashed its earnings forecast, sending the year's worst-performing Dow stock down another 6 percent.

companyNews reuters.com

UPDATE 1-P&G's profit beats Wall Street on higher sales of beauty, home care

Oct 20 (Reuters) - Consumer goods giant Procter & Gamble Co , which recently declared victory in an historic proxy fight with activist investor Nelson Peltz, reported a better-than-expected quarterly profit on Friday but sales slightly missed Wall Street estimates.

companyNews reuters.com

UPDATE 2-GE stock drops as profit misses, CEO cuts forecast

Oct 20 (Reuters) - General Electric Co's third-quarter profit missed Wall Street estimates by a wide margin on Friday and the industrial conglomerate slashed its earnings forecast, sending the year's worst-performing Dow stock down another 6 percent.

businessNews reuters.com

Wall Street ends flat; late gains on Fed Powell report

NEW YORK (Reuters) - U.S. stocks closed flat on Thursday, coming back from sharp losses after the open, while Apple fell more than 2 percent to lead a decline in technology shares.

businessNews reuters.com

Wall Street pauses after record highs; tech a drag

NEW YORK (Reuters) - U.S. stocks were flat on Thursday, pausing after their recent run of record highs, as technology shares dragged and some earnings disappointed.

businessNews reuters.com

Apple drags down Wall Street from record highs

(Reuters) - Losses in Apple stalled Wall Street's record run on Thursday as worries over slack demand for iPhone 8 sent its shares down 2.5 percent.

companyNews reuters.com

US STOCKS-Apple drags down Wall Street from record highs

* Apple dips amid concerns over iPhone 8 demand, FAANG stocks down

businessNews reuters.com

Apple stalls Wall Street's record run

(Reuters) - Wall Street pulled back from record highs on Thursday with Apple leading a decline in technology stocks and a bunch of weak corporate results adding to the dour mood.

companyNews reuters.com

UPDATE 1-In blow to Britain, Goldman CEO says to spend more time in Frankfurt

LONDON, Oct 19 (Reuters) - Goldman Sachs chief executive Lloyd Blankfein is planning to spend a lot more time in Frankfurt, he said on Thursday, as the Wall Street bank pushes ahead with plans to make the German city a major base after Britain leaves the European Union.

cnn.com

Remembering the worst day in Wall Street history

It was a day so terrible, it will forever be known as Black Monday.

businessNews reuters.com

Tech leads Wall Street's retreat from record high

(Reuters) - Wall Street fell sharply on Thursday, pulling back from record highs, amid a broad decline that was led by technology stocks and disappointing quarterly reports from major companies.

companyNews reuters.com

US STOCKS-Tech leads Wall Street's retreat from record high

* Indexes down: Dow 0.39 pct, S&P 0.39 pct, Nasdaq 0.76 pct (Updates to open)

businessNews reuters.com

Wall Street opens lower as tech stocks slide

(Reuters) - U.S. stocks opened lower on Thursday, a day after scaling record highs, amid a fall in technology stocks led by Apple.

businessNews reuters.com

Stocks stumble off all-time highs, kiwi takes a dive

LONDON (Reuters) - World stocks set a fresh record high before stalling in Europe on Thursday, as the longest winning streak for Japanese stocks since 1998 and the first close above 23,000 for Wall Street's Dow index helped to offset nerves about Spain.

businessNews reuters.com

Verizon quarterly revenue tops estimates as subscribers rise

NEW YORK (Reuters) - Verizon Communications Inc's quarterly revenue topped Wall Street analyst estimates on Thursday and the company added more phone subscribers than expected, sending shares of the No. 1 U.S. wireless carrier up in pre-market trading.

businessNews reuters.com

Verizon quarterly profit meets estimates as subscribers rise

NEW YORK (Reuters) - Verizon Communications Inc's quarterly profit met Wall Street analyst estimates as the No. 1 U.S. wireless carrier added subscribers.

businessNews reuters.com

Futures lower as technology stocks dip

(Reuters) - U.S. stock index futures pointed to a lower start for Wall Street led by a drop in tech stocks Apple and eBay, on a day that marks 30 years since the 1987 Black Monday stock market crash.

companyNews reuters.com

US STOCKS-Futures lower as technology stocks dip

Oct 19 (Reuters) - U.S. stock index futures pointed to a lower start for Wall Street led by a drop in tech stocks Apple and eBay, on a day that marks 30 years since the 1987 Black Monday stock market crash.

cnn.com

'My daddy was a dope dealer': Being a son in the age of mass incarceration

"My daddy was a dope dealer, my daddy was a street n---- ... You may say he ain't s---, but to me he's the realest."

businessNews reuters.com

World stocks stumble after all-time high, kiwi takes a dive

LONDON (Reuters) - World stocks set a fresh record high before stalling in Europe on Thursday, as the longest winning streak for Japanese stocks since 1998 and the first close above 23,000 for Wall Street's Dow index helped to offset nerves in Spain.

cnn.com

Did Japan just ban tattoo artists?

Black is a color you won't find on the walls of Ron Sugano's tattoo parlor in the upmarket Meguro district of south-west Tokyo, where quaint geometric houses line quiet streets.

businessNews reuters.com

Thirty years ago this week, Wall Street slid into the abyss

NEW YORK (Reuters) - Thirty years ago, before heading to work at the New York Stock Exchange, Peter Kenny left his home in lower Manhattan and made a detour to the nearby Our Lady of Victory church to pray to St. Jude, the Roman Catholic patron saint of desperate and lost causes.

companyNews reuters.com

FEATURE-Thirty years ago this week, Wall Street slid into the abyss

NEW YORK, Oct 19 (Reuters) - Thirty years ago, before heading to work at the New York Stock Exchange, Peter Kenny left his home in lower Manhattan and made a detour to the nearby Our Lady of Victory church to pray to St. Jude, the Roman Catholic patron saint of desperate and lost causes.

businessNews reuters.com

EBay's profit forecast disappoints, shares fall

(Reuters) - EBay Inc warned Wall Street on Wednesday that profit this quarter could fall below analysts' estimates as it invests in marketing and a revamped website to attract more shoppers, sending shares down more than 5 percent in after-hours trade.

PersonalFinance reuters.com

Lofty Align Tech shares may rise more on U.S. tax cut, index inclusion

NEW YORK (Reuters) - Prospects for steep U.S. tax cuts are raising the ceiling for already-frothy shares of Wall Street-favorite Align Technology Inc even as patents expire for some of the technology...

companyNews reuters.com

Goldman's fledgling consumer bank draws questions from curious analysts

Oct 18 (Reuters) - As Goldman Sachs Group Inc has unveiled more details about its strategy and financial targets to satisfy investor demands, Wall Street's attention has turned to a business so small and new that there may not be much to disclose.

companyNews reuters.com

UPDATE 2-Abbott beats Street on strong medical device, generics sales

Oct 18 (Reuters) - Abbott Laboratories' profit and sales topped analysts' estimates on robust sales of medical devices and generic drugs, leading it to raise the high-end of its adjusted earnings forecast for the year.

nytimes.com

New York Today: New York Today: A Bull Runs Free in Brooklyn

Wednesday: A bull tastes freedom on the streets of Park Slope, Yankees in Game 5, and Black Monday.

Banking and Financial Institutions nytimes.com

Op-Ed Contributor: Why Democrats Need Wall Street

Financial firms are big donors, and the backbone of the American economy.

Fashion and Apparel nytimes.com

Sézane Finds Success by Making Less

The secret of the success of the French label, now with a NoLIta shop, owes a little something to street wear brands and their sought-after “drops.”

Books and Literature nytimes.com

Books of The Times: A Graphic Novelist’s Passionate Anatomy of New York

Julia Wertz’s majestic portrait of the city is a collection of dramatic streetscapes and hidden histories.

domesticNews reuters.com

New York police round up wandering cow in Brooklyn park

NEW YORK (Reuters) - New York City police wrangled a cow on the loose in a Brooklyn park on Tuesday after the animal became a spectacle for tourists and New Yorkers alike when it was spotted roaming the streets and enjoying the park facilities.

companyNews reuters.com

WRAPUP 2-Wall Street banks look beyond trading to drive profits

NEW YORK, Oct 17 (Reuters) - Wall Street rivals Goldman Sachs Group Inc and Morgan Stanley topped analyst expectations on Tuesday, reporting third-quarter earnings gains from a range of products and services despite an industry-wide decline in bond trading.

businessNews reuters.com

Wall Street banks look beyond trading to drive profits

NEW YORK (Reuters) - Wall Street rivals Goldman Sachs Group Inc and Morgan Stanley topped analyst expectations on Tuesday, reporting third-quarter earnings gains from a range of products and services despite an industry-wide decline in bond trading.

companyNews reuters.com

WRAPUP 1-Wall Street banks look beyond trading to drive profits

NEW YORK, Oct 17 (Reuters) - Wall Street rivals Goldman Sachs Group Inc and Morgan Stanley topped analyst expectations on Tuesday, reporting third-quarter earnings gains from a range of products and services despite an industry-wide decline in bond trading.

businessNews reuters.com

Wall St flat as losses in financials offset healthcare gains

(Reuters) - Wall Street opened flat on Tuesday as gains in healthcare stocks were largely offset by losses in financials, with an earnings beat from Goldman Sachs failing to cheer investors.

cnn.com

Eerie video shows Raqqa execution spot

This exclusive drone footage shows empty streets and destroyed buildings in Raqqa, a city on the brink of being liberated from ISIS.

businessNews reuters.com

Wall Street flat at open

(Reuters) - Wall Street opened flat on Tuesday as upbeat earnings from big investment banks Goldman Sachs and Morgan Stanley failed to fuel the optimism that has led the major indexes to record highs.

businessNews reuters.com

Goldman results top Wall Street view on smaller drop in bond trading

(Reuters) - Goldman Sachs Group Inc beat Wall Street estimates on a smaller-than-expected revenue decline at its struggling bond trading unit, gains in its private equity investments and higher fees from dealmaking.

companyNews reuters.com

UPDATE 2-Goldman results top Wall Street view on smaller drop in bond trading

Oct 17 (Reuters) - Goldman Sachs Group Inc beat Wall Street estimates on a smaller-than-expected revenue decline at its struggling bond trading unit, gains in its private equity investments and higher fees from dealmaking.

businessNews reuters.com

Netflix adds more subscribers than expected, shares hit record

(Reuters) - Netflix Inc added more subscribers than expected around the world in the third quarter and projected growth in line with Wall Street forecasts, saying it had a head start on rivals as internet television expands globally.

companyNews reuters.com

BRIEF-Springhouse Capital (Master) L.P​ reports 5.7 pct passive stake in Fifth Street Finance Corp

* Springhouse Capital (Master) L.P​ reports 5.7 percent passive stake in Fifth Street Finance Corp as of October 6, 2017 - ‍SEC filing Source text: (http://bit.ly/2gghXZV) Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

companyNews reuters.com

U.S. nursing home chain faces landlord showdown over default

CHICAGO, Oct 16 (Reuters) - The fate of one of the largest U.S. nursing home operators, HCR ManorCare, will reach a critical court deadline on Thursday in a battle over months of unpaid rent, a growing problem in an industry where eviction would put thousands of elderly out on the street.

companyNews reuters.com

Light backing from State Street weighs on U.S. diversity drives

BOSTON, Oct 16 (Reuters) - State Street Corp has drawn praise for its efforts to put more women on corporate boards, notably the "Fearless Girl" statue it placed near Wall Street. But new records show the company did not throw its full weigh behind boardroom diversity initiatives this year - complicating activists' plans for 2018.

businessNews reuters.com

Wall Street higher as bank stocks rebound, Apple gains

(Reuters) - A recovery for U.S. banking stocks allied to a 1.5 percent gain for Apple prodded Wall Street's main indexes higher in early afternoon trading on Monday.

companyNews reuters.com

BRIEF-Hull Street Energy agrees to buy hydroelectric plants from Eversource

* Hull Street Energy announces agreement to acquire nine hydroelectric plants in New Hampshire from Eversource

businessNews reuters.com

Wall Street inches higher as bank stocks bounce back

(Reuters) - U.S. stocks crept up in late morning trading on Monday as surging Treasury yields led to a rebound in bank stocks after three straight days of losses.

Chelsea, Manhattan Bombing (2016) nytimes.com

New Jersey Man Found Guilty in Chelsea Bombing

Ahmad Khan Rahimi was charged with carrying out a two-day bombing spree that turned West 23rd Street into a debris field and terrorized the region.

companyNews reuters.com

GLOBAL MARKETS-China data boosts world stocks, copper; oil jumps

* Euro falters; copper hits three-year high (Changes byline, adds dateline NEW YORK; adds Wall Street open; updates throughout)

businessNews reuters.com

Wall Street hits fresh record on financial, tech gains

(Reuters) - Major Wall Street indexes hit fresh records at the open on Monday on gains in financial and technology stocks even as investors awaited a barrage of earnings reports this week.

businessNews reuters.com

Wall Street hits fresh records on financial, tech gains

(Reuters) - Major Wall Street indexes hit fresh records at the open on Monday on gains in financial and technology stocks even as investors awaited a slew of earnings reports this week.

businessNews reuters.com

U.S. stock futures inch up as earnings head for higher gear

(Reuters) - U.S. stock index futures pointed to a slightly positive start for Wall Street on Monday as investors pondered a solid initial round of third quarter company earnings and awaited a further flood of results this week.

cnn.com

Iran's hardliners say Trump has done them 'great favors'

Tehran is a city that wears its political colors on its sleeve. The sprawling Iranian capital nestles between barren mountain ranges, its streets packed with high rises, leafy parks and markets.

businessNews reuters.com

Asian shares conquer new peaks, oil up on Iraq tensions

SYDNEY (Reuters) - Asian shares advanced to new highs on Monday following Wall Street's lead, while U.S. oil futures jumped to hover near a six-month peak as escalating tensions between the Iraqi government and Kurdish forces threatened supply.

worldNews reuters.com

Car bomb explodes in Somalia's capital Mogadishu, casualties reported

MOGADISHU (Reuters) - A car bomb exploded on a busy street in the center of Somalia's capital Mogadishu on Saturday, causing an unknown number of casualties, police said.

nytimes.com

The Look: Looking for Surprises in Senegal

On his first visit to Senegal, Jake Michaels was inspired by the “curated” looks of many of his subjects. As he took portraits on streets, in cafes and at beachside nightclubs, he sought to make the people shine, while also spotlighting the action in the background.

companyNews reuters.com

Two Chinese firms bidding for Chicago Exchange withdraw - WSJ

Oct 13 (Reuters) - Two Chinese investors, vying for a piece of the Chicago Stock Exchange, withdrew in the past two weeks, after the U.S. Securities and Exchange Commission sought more details from the participants about their bid, the Wall Street Journal reported.

businessNews reuters.com

Weinstein Co said to explore sale or shutdown, but company denies report

(Reuters) - The Weinstein Co, the film production company part-owned by Harvey Weinstein, is exploring a sale or shutdown and is unlikely to continue as an independent entity, The Wall Street Journal reported on Friday, but the company's co-chairman, Bob Weinstein, denied the report.

Indian Food (Cuisine) nytimes.com

Opinion: Pani Puri: A Dribbly, Joyful Mess

This Indian street food represents the loud, happy chaos of my culture.

companyNews reuters.com

Bunge shares jump after WSJ reports Glencore standstill agreement

Oct 13 (Reuters) - Shares of U.S. commodities trader Bunge Ltd surged on Friday after the Wall Street Journal reported that Glencore PLC had a standstill agreement that temporarily prevents the Swiss company from making a hostile bid for Bunge.

businessNews reuters.com

Wall Street raises targets on Netflix, citing price increases

NEW YORK (Reuters) - Netflix Inc shares hit an all-time high on Friday as Goldman Sachs and other brokerages raised their price targets on the world's biggest online-streaming company, citing its ability to raise fees without scaring away customers.

businessNews reuters.com

Technology stocks boost Wall Street to record highs

(Reuters) - A surge in technology stocks sent the major Wall Street indexes to record highs on Friday, but a drop in health insurers kept the rally in check, while banks were little changed after mixed reports from Bank of America and Wells Fargo.

businessNews reuters.com

Wells Fargo posts fourth straight revenue miss on mortgage issues

(Reuters) - Wells Fargo & Co reported an 19 percent profit decline on Friday and weaker revenue than Wall Street had expected for the fourth consecutive quarter due to mortgage issues, sending its shares down 3.5 percent.

companyNews reuters.com

UPDATE 3-Wells Fargo posts fourth straight revenue miss on mortgage issues

Oct 13 (Reuters) - Wells Fargo & Co reported an 19 percent profit decline on Friday and weaker revenue than Wall Street had expected for the fourth consecutive quarter due to mortgage issues, sending its shares down 3.5 percent.

businessNews reuters.com

Wells Fargo revenue suffers on mortgage banking slump

(Reuters) - Wells Fargo & Co. , which has been embroiled in a prolonged scandal over its mortgage and sales practices, on Friday missed Wall Street revenue estimates for a fourth straight quarter, sending its shares down 3 percent.

businessNews reuters.com

Wells Fargo hit by legal costs, revenue misses Street view

(Reuters) - Wells Fargo & Co earnings scraped past Wall Street estimates but revenue missed for the fourth straight quarter, sending shares of the third-largest U.S. bank by assets down 3 percent in pre-market trading.

cnn.com

The hotel curtains you can wear

One evening, fashion designer Alexandra Hartmann was walking down a street in her native Paris when she spotted a pair of old curtains -- abandoned in front of a hotel in the city's Belleville district.

businessNews reuters.com

Costs help Citi beat Wall Street view; consumer debts rise

(Reuters) - Citigroup Inc's quarterly earnings beat Wall Street expectations on Thursday as cost-cutting, a unit sale and a gain in investment bank fees compensated for weak bond trading and a jump in provisions for consumer bad debts.

businessNews reuters.com

Wall Street slips as banks fall after results, AT&T sinks

NEW YORK (Reuters) - U.S. stocks edged lower on Thursday, pausing after recent gains, after AT&T said it lost subscribers in the last quarter, while banks fell following results.

companyNews reuters.com

UPDATE 2-Goldman Sachs to buy mortgage lender Genesis Capital

Oct 12 (Reuters) - Goldman Sachs Group Inc has agreed to buy private mortgage lender Genesis Capital LLC as the Wall Street bank looks to new businesses for growth while trading revenue remains sluggish.

cnn.com

'Sesame Street' and coping with trauma

companyNews reuters.com

UPDATE 1-Goldman Sachs to buy mortgage lender Genesis Capital

Oct 12 (Reuters) - Goldman Sachs Group Inc has agreed to buy private mortgage lender Genesis Capital LLC as the Wall Street bank looks to new businesses for growth with trading revenue remaining sluggish.

businessNews reuters.com

Wall Street rally pauses as tepid bank earnings, media stocks weigh

(Reuters) - A rally on Wall Street paused on Thursday following lackluster quarterly earnings from JPMorgan and Citigroup and as media stocks dropped for the second straight day.

companyNews reuters.com

UPDATE 3-Costs help Citi beat Wall Street view; consumer debts rise

Oct 12 (Reuters) - Citigroup Inc's quarterly earnings beat Wall Street expectations on Thursday as cost-cutting, a unit sale and a gain in investment bank fees compensated for weak bond trading and a jump in provisions for consumer bad debts.

businessNews reuters.com

Wall St. edges along on tepid bank earnings, media stocks drag

(Reuters) - Wall Street was largely unchanged late on Thursday morning as a rise in technology stocks helped negate another tumble in media stocks and results from JPMorgan and Citigroup that failed to enthuse.

businessNews reuters.com

AT&T subscriber losses highlight cord-cutting threat: analysts

NEW YORK (Reuters) - AT&T Inc's third-quarter video losses sent pay-TV industry shares down on Thursday after Wall Street analysts raised concerns about the continued threat of consumers cancelling their cable and satellite television subscriptions.

companyNews reuters.com

AT&T subscriber losses highlight cord-cutting threat- analysts

NEW YORK, Oct 12 (Reuters) - AT&T Inc's third-quarter video losses sent pay-TV industry shares down on Thursday after Wall Street analysts raised concerns about the continued threat of consumers cancelling their cable and satellite television subscriptions.

companyNews reuters.com

UPDATE 1-GM to cut production at Detroit plant, lay off workers -WSJ

DETROIT, Oct 12 (Reuters) - General Motors Co plans to scale back production at an assembly plant in Detroit and lay off about 1,500 workers, the Wall Street Journal reported on Thursday, citing sources familiar with the plan.

businessNews reuters.com

Wall Street drops as bank earnings fail to cheer, media stocks drag

(Reuters) - U.S. stocks fell on Thursday morning, dragged down by media companies, while results from JPMorgan and Citigroup failed to fuel the optimism that has driven indexes to record highs.

businessNews reuters.com

Loan growth helps JPMorgan beat expectations despite trading decline

(Reuters) - JPMorgan Chase & Co easily beat Wall Street's third-quarter profit expectations on Thursday, with loan growth and higher interest rates more than offsetting weakness in its markets-related unit.

businessNews reuters.com

Wall Street slips as bank results fail to excite

(Reuters) - Wall Street was slightly lower at the open on Thursday as results of major banks JPMorgan and Citigroup failed to fuel the optimism that has driven indexes to record highs.

businessNews reuters.com

Tight leash on costs helps Citigroup trump Wall Street view

(Reuters) - Citigroup Inc's quarterly profit and revenue beat Wall Street expectations as the bank kept a tight lid on costs, booked a gain from an asset sale and saw strength in equity underwriting.

businessNews reuters.com

GM to cut production at Detroit plant, lay off workers: WSJ

(Reuters) - General Motors Co plans to scale back production at an assembly plant in Detroit and lay off about 1,500 workers, the Wall Street Journal reported on Thursday, citing sources familiar with the plan.

worldNews reuters.com

With French down on strikes, Macron reforms get easier ride

PARIS (Reuters) - There was a time when angry French workers could down tools and take to the streets en masse to force ministers to back down. But things have changed, making President Emmanuel Macron's job of pushing through labor reforms that much easier.

businessNews reuters.com

Bond trading slump clouds JPMorgan earnings beat

(Reuters) - JPMorgan Chase & Co's quarterly profit and revenue easily trumped Wall Street's expectations on Thursday, but a slump in bond trading clouded gains from loan growth and higher interest rates.

worldNews reuters.com

Spaniards use national holiday to show unity amid Catalan crisis

MADRID (Reuters) - Spaniards began lining the streets of Madrid on Thursday and national flags hung from balconies across the capital as unionists used a holiday military parade to show unity in the face of moves by Catalonia to declare independence.

topNews reuters.com

Philippines drugs war to target 'big fish', police units disbanded

MANILA (Reuters) - Philippine President Rodrigo Duterte's ferocious war on drugs will shift to a higher gear to target "big fish", officials said on Thursday, moving away from street level operations to go after big networks and suppliers.

companyNews reuters.com

European shares trade sideways, Just Eat and Lufthansa shine

LONDON, Oct 12 (Reuters) - European shares traded sideways in early deals on Thursday despite new highs in Asia and on Wall Street, with financial shares being the biggest burden and Just Eat the top performer after its merger with Hungryhouse got provisional clearance.