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Wall Street hits record highs; tax plan hopes fuel optimism
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Headlines
Saturday, 21 October
Recent hurricanes take toll on quarterly earnings
9h ago - SAN FRANCISCO (Reuters) - After raging over the southern United States and Puerto Rico, remnants of hurricanes Harvey, Irma and Maria are now dampening U.S. corporate profits.
GE vows $20 billion asset sales, 'sweeping change' as profit falls
12h 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.
U.S. tax plan hopes lift stocks, dollar strengthens
1d 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.
California judge tosses $417 million talc cancer verdict against Johnson & Johnson
10h ago - (Reuters) - A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like Johnson's Baby Powder for feminine hygiene.
Activist Investor Pushes for More Changes at Nestlé -- WSJ
3h ago - By Saabira Chaudhuri This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S....
Scandal, Recalls Hurt Daimler AG -- WSJ
3h ago - By William Boston This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print...
Oil market is improving and stabilising, Saudi oil minister says
1h ago - BAGHDAD (Reuters) - The global oil market is improving and stabilising, Saudi Oil Minister Khalid al-Falih said in Baghdad on Saturday.
China to step up regulations on micro-credit industry - media
3h ago - SHANGHAI (Reuters) - China is considering tightening controls over the "pay-day" loan industry amid concerns that unscrupulous operators may charge millions of borrowers excessive interest rates, the official Securities Daily reported.
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