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Stocks, Dollar Jump After Senate Passes Budget Proposal
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Friday, 20 October
Merck to cut 1,800 U.S. sales jobs, add 960 in chronic care
4h ago - (Reuters) - Drugmaker Merck & Co Inc (>> Merck and Company), moving to a new sales team structure in the United States, plans to cut 1,800 sales positions, while adding 960 jobs to a new chronic care sales force, the company said on Friday.
U.S. tax plan hopes lift stocks, dollar strengthens
1h ago - NEW YORK (Reuters) - World stocks advanced, bond yields rose and the U.S. dollar strengthened on Friday on increased hopes President Donald Trump could make progress on his fiscal plans after the U.S. Senate approved a budget blueprint that paves the way for tax cuts.
Top oilfield services firms signal fourth-quarter uncertainty
3h ago - (Reuters) - The world's top two oilfield service firms on Friday warned slower producer spending and weakness in offshore exploration may weigh on current-quarter earnings, but said activity could improve in the longer term as the global crude market comes into balance.
GE vows $20 billion asset sales, 'sweeping change' as profit falls
2h ago - NEW YORK (Reuters) - General Electric Co's (>> General Electric Company) new chief executive vowed on Friday to shed more than $20 billion worth of assets and hold executives accountable for failing to deliver profits after what he called "horrible" results in the third quarter.
RWE looking at Uniper's gas and coal-fired plants - source
12h ago - DUESSELDORF, Germany (Reuters) - RWE (>> RWE) is casting its eye over rival energy utility Uniper's (>> Uniper SE) gas and coal-fired power plants in Germany, the Benelux countries and in Britain, a person familiar with the matter said.
COMMODITIES : Should We Buy Forest Products Stocks Today?
2h ago - With lumber prices soaring, investors might be looking at portfolio opportunities among the producers of wood and lumber. Given that Lumber futures are now up about +86% to about $428 from the long-cycle low of about $230 two years ago (3Q2015), and the highest since 4Q2004 (13 years), it is not surprising that we decided against adding a forest product stock to the 20 selections in our recently created Natural Resources portfolio.
Wal-Mart Courts Lord & Taylor -- WSJ
14h ago - By Suzanne Kapner and Sarah Nassauer This article is being republished as part of our daily reproduction of articles that also appeared...
Honor of Kings,' the Red-Hot Mobile Game in China, Tries to Crack the U.S.
11h ago - By Alyssa Abkowitz in Beijing and Sarah E. Needleman in New York China's Tencent Holdings Ltd. is banking on a successful launch abroad for...
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