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US shares higher on China rate cut
2015-10-23 23:08:06| BBC News | Business | UK Edition
Shares on Wall Street rose on Friday boosted by news of China's rate cut and positive company earnings.
Whirlpool Posts Higher Quarterly Profit
2015-10-23 14:12:39| Appliances - Topix.net
Whirlpool NYSE:WHR) posted a higher quarterly net profit on Friday as benefits from costs and capacity reductions, acquisitions, and favorable price-mix offset declining demand in Latin America and unfavorable currency exchange rates, the company said. The world's largest maker of home appliances reported third-quarter net income at $235 million, up from $230 million a year ago.
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United, swirling in CEO uncertainty, posts higher profits
2015-10-23 08:34:25| Railroads - Topix.net
Chicago-based United Continental Holdings, parent of United Airlines, on Thursday reported higher profits in the third quarter than the same period last year, but its earnings fell short of Wall Street expectations. The airline company has endured massive upheaval in its top ranks since its July quarterly earnings report, with three CEOs guiding the company over the past seven weeks.
Microsoft quarterly sales fall 12%, profits higher
2015-10-23 07:17:00| Telecompaper Headlines
(Telecompaper) Microsoft reported a 12 percent drop in quarterly revenues to USD 20.379 billion, hurt by the stronger dollar. Windows sales to computer makers were also 6 percent lower, as the launch of Windows 10 had yet to gain pace, and phone revenue fell 54 percent at constant exchange rates, as Microsoft scaled back its presence in the market. Excluding currency effects, revenue for the fiscal first quarter to September fell 2 percent, while adjusted operating profit was up 11 percent to USD 7.074 billion. Net profit was still up 2 percent on a reported basis to USD 4.620 billion, and adjusted EPS rose to USD 0.67 from USD 0.65 a year ago.
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Mid-Morning Market Update: Markets Open Higher; McDonald's Tops Q3 Views
2015-10-23 03:03:03| Steel - Topix.net
Following the market opening Thursday, the Dow traded up 1.11 percent to 17,358.78 while the NASDAQ jumped 1.16 percent to 4,896.19. The S&P also rose, gaining 1.07 percent to 2,040.49.
Tags: open
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