Todd Gordon is seeing something in the markets that he says is about to drive JPMorgan to new record highs. The financials sector is trading at 10-year highs. The TradingAnalysis.com founder says the recent rally in bond yields is reinforcing the surge in big banks, and there are hints of […]
FAN Editor
Merck tops profit estimates on Keytruda sales
Merck & Co on Friday reported a quarterly profit that beat analysts’ estimates, benefiting from sales of its immuno-oncology drug Keytruda. Continue Reading Below Sales of Keytruda, which were helped by approval across various indications this year, were $1.05 billion for the third quarter, in line with Leerink consensus estimates. […]
Nearly half of refugees still blocked under Trump’s new ban
With a new ban on refugees from 11 countries, except in certain cases, the White House is blocking nearly half of all refugees admitted into the U.S. each year, according to data collected by ABC News. It’s a change to the U.S.’s longstanding refugee admissions program that may mean its […]
Activist investors torpedo $20 billion Clariant, Huntsman merger
The logo of Swiss specialty chemicals company Clariant is seen at the company’s headquarters in Pratteln, Switzerland August 9, 2017. REUTERS/Arnd Wiegmann October 27, 2017 By John Miller and Oliver Hirt ZURICH (Reuters) – Swiss specialty chemicals maker Clariant and U.S. group Huntsman abandoned their $20 billion merger on Friday, […]
Australia’s NAB reaches agreement with regulator over rate rigging
October 27, 2017 SYDNEY (Reuters) – National Australia Bank <NAB.AX>, the country’s No.3 lender by market value, on Friday said it had reached an agreement worth A$50 million ($38 million) with the corporate watchdog to settle a case over alleged manipulation of a key interest rate. The Australian Securities & […]
Ahead of Trump trip, China urges U.S. not to allow Taiwan president in
Taiwan’s President Tsai Ing-wen attends a joint news conference with her Honduran counterpart Juan Orlando Hernandez (not pictured) after a private meeting at the Presidential House in Tegucigalpa, Honduras January 9, 2017. REUTERS/Jorge Cabrera October 27, 2017 By Ben Blanchard and Jess Macy Yu BEIJING/TAIPEI (Reuters) – China urged the […]
Delta flight from Atlanta makes emergency landing in Canada after engine trouble
A Delta flight from Atlanta to the Netherlands was forced to make an emergency landing in Newfoundland late Thursday after suffering what the airline termed an “engine performance issue.” Delta Flight 70 took off at 3:31 p.m. and was expected to make a landing in Amsterdam just before 6 a.m. […]
The Latest: Spain’s Senate begins session on Catalan crisis
BARCELONA, Spain – The Latest on the Spain-Catalonia political crisis (all times local): Continue Reading Below 10:25 a.m. Spain’s prime minister says the government’s first move will be to dismiss Catalonia’s president if special powers are granted by the country’s Senate. Mariano Rajoy was addressing the chamber ahead of a […]
Volkswagen raises profit forecast despite diesel charges
FRANKFURT, Germany – Automaker Volkswagen saw profit drop by half in the third quarter due to expenses for fixing and buying back diesel cars in the United States. Continue Reading Below The Wolfsburg-based automaker said Friday that it was otherwise a “strong third quarter” and raised its earnings outlook for […]
Italian gas company Eni returns to profit in third quarter
MILAN – Italian oil and gas company Eni returned to a profit in the third quarter as crude oil prices nudge upward after OPEC production cuts. Continue Reading Below Eni, which is about one-third government-owned, posted earnings of 344 million euros ($400 million), compared with a loss of 562 million […]