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4 wildest stunts for Amazon's second headquarters: Cities compete for 50,000 jobs
Several American cities are delivering prime pitches to Amazon as the retail tech giant weighs its option for a second headquarters in North America.
Mexican auto lobby rejects U.S. NAFTA proposal on rules of origin
MEXICO CITY (Reuters) - The Mexican Auto Industry Association (AMIA) on Thursday rejected U.S. proposals to increase North American content for autos produced in the region and require, under a new NAFTA deal, that half of all content come from the United States.
28 of 30 Dow stocks trading lower premarket
All 30 of the Dow Jones Industrial Average components have traded premarket, and 28 of them are trading lower, as Dow futures slump 107 points. The biggest percentage decliner is Nike Inc.'s stock , which dropped 1.8% after a downgrade at Goldman Sachs. The next biggest decliners were shares of Apple Inc. , which shed 1.7% after the independent cellular connection feature of its Apple Watch was abruptly cut off in China, and American Express Co. , which was shedding 1.4% after the company reported third-quarter results late Wednesday and said CEO Kenneth Chenault will step down. Of the two gainers, shares of Verizon Communications Inc. rose 2% and Travelers Cos. inched up less than 0.1%, after both companies reported better-than-expected results earlier Thursday.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Amazon HQ2 bid deadline: Austin, Atlanta among contenders to watch
With Amazon’s (NASDAQ:AMZN) application deadline for bids for prospective locations for its second North American headquarters fast approaching on Thursday, several of the United States’ largest cities have already indicated their interest.
New Jersey cities make bid for Amazon HQ2
The state is backing Newark's proposal to build Amazon's second North American headquarters.
'American Chopper' is coming back to Discovery Channel
"American Chopper" will return to the Discovery Channel next year, five years after its first run on the network ended.
Kenneth Chenault to step down as AmEx CEO next year
American Express Co(AXP) said Kenneth Chenault will step down as chief executive early next year, ending a nearly 17-year tenure at the helm of the No.1 U.S. card issuer by spending. Chenault, 66, will be succeeded by Vice Chairman Stephen Squeri, 58, effective Feb. 1, the company said on Wednesday.
American Express CEO Kenneth Chenault to retire next year
Kenneth Chenault, one of the most prominent black businessmen and long-time chairman and CEO of American Express, will retire in early 2018; led company through financial crisis and 9/11 attacks
BRIEF-American Express names Stephen J. Squeri as new CEO
American Express Co(AXP). * American Express(AXP) announces Stephen J. Squeri to succeed Kenneth I. Chenault as chairman and Chief Executive Officer. * American Express Co (AXP) - Squeri will succeed Kenneth Chenault, who will retire Source text for Eikon: Further company coverage:
Canadian steel maker Stelco faces headwinds for planned IPO
VANCOUVER, Oct 18 (Reuters) - Canadian steel maker Stelco
Holdings Inc's planned IPO could be a tough sell as it faces the
twin headwinds of slowing North American auto sales and the
uncertain impact of trade talks, even as it looks to cash in on
a rebound in steel prices.
Stephen Squeri to replace Kenneth Chenault as new AmEX CEO
Credit card issuer American Express Co (AXP) said on Wednesday long-time Chief Executive Kenneth Chenault will step down and will be replaced by Stephen Squeri. Net income attributable to common shareholders rose to $1.36 billion, or $1.50 per share, in the third quarter ended Sept. 30, from $1.14 billion, or $1.20 per share, a year earlier.
AmEx's Stephen Squeri to succeed Chenault as CEO, chairman
American Express Co. said late Wednesday that Stephen Squeri, the current vice-chairman, will become chief executive and chairman on Feb. 1. Squeri, who leads the company's Global Commercial Services group, succeeds Kenneth Chenault. Shares of American Express declined 0.6% to $91.55 after hours. The announcement followed AmEx's release of quarterly earnings, which topped Wall Street estimates. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
American Express shares wobble after hours following earnings beat
American Express Co. shares traded between slight gains and losses in the extended session Wednesday after the company topped Wall Street estimates for the quarter and raised its guidance. AmEx shares, which earlier had traded up 1%, were last down 0.5% to $91.65 after hours. The company reported third-quarter net income of $1.36 billion, or $1.50 a share, compared to $1.14 billion, or $1.20 a share, in the year-ago period. Revenue rose to $8.45 billion from $7.77 billion in the year-ago period. Analysts surveyed by FactSet had estimated $1.48 a share on revenue of $8.3 billion. For the year, AmEx estimates earnings of $5.80 to $5.90 a share, while analysts expect earnings of $5.74 a share.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
AmEx profit rises 19 percent on loan growth
(Reuters) - Credit card issuer American Express Co reported about 19 percent jump in quarterly profit as higher billings and loan growth helped offset a jump in costs.
Discovery Channel revives 'American Chopper' after 5 years
"American Chopper" will return to the Discovery Channel next year, five years after its first run on the network ended.
Native American tribe holding patents sues Amazon and Microsoft
A Native American tribe sued Amazon.com Inc (AMZN) and Microsoft Corp (MSFT) in federal court in Virginia on Wednesday for infringing supercomputer patents it is holding for a technology firm. The Saint Regis Mohawk Tribe was assigned the patents by SRC Labs LLC in a deal intended to use the tribe's sovereign status to shield them from administrative review.
Qudian's stock soars above IPO price on public debut
Shares of Beijing-based micro lender Qudian Inc. soared in their public debut Wednesday, enough to make them the biggest percentage gainer on the NYSE. Qudian said earlier that its IPO of 37.5 million American depositary shares priced at $24 per ADS, above the expected range of $19 to $20. The first trade of $34.35, at 10:52 a.m. ET, was 43% above the IPO price. Since then, it has traded as high as $35.45 and as low as $31.75. It was recently up 37% at $32.85. Qudian has gone public at a time that the Dow Jones Industrial Average was surging 135 points toward a record high.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Oil prices hold gains as EIA data show drop in U.S. crude supplies, rise in product stocks
Data from the U.S. Energy Information Administration Wednesday showed that domestic crude supplies fell by 5.7 million barrels for the week ended Oct. 13. That was higher than the forecast for a drop of 3.9 million barrels by analysts surveyed by S&P Global Platts, but below the 7.1 million-barrel decline reported by the American Petroleum Institute late Tuesday. Gasoline stockpiles were up 900,000 barrels for the week, while distillate stockpiles rose by 500,000 barrels, according to the EIA. The S&P Global Platts survey forecast drops of 340,000 barrels for gasoline and 2 million barrels for distillates. November crude rose 29 cents, or 0.6%, from Tuesday to $52.20 a barrel on the New York Mercantile Exchange, little changed from $52.23 before the supply data. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Reports of harassment, verbal abuse emerge against Bob Weinstein
Hollywood producer Bob Weinstein, the brother of disgraced mogul Harvey Weinstein, bullied employees and sexually harassed a female producer, according to separate reports Tuesday. Amanda Segel, an executive producer on the TV miniseries "The Mist," which was produced by the Weinstein Co., told Variety that Bob Weinstein repeatedly sexually harassed her over a period of three months in 2016. Weinstein and his lawyer both strongly denied wrongdoing. In a separate report, the Wall Street Journal late Tuesday reported that Weinstein exhibited a pattern of bullying and abusive behavior toward employees, according to multiple sources, which would not have been tolerated at most other American companies. "Bob Weinstein was genuinely abusive to people in my company," former Walt Disney Co. studio chief Jeffrey Katzenberg said in an interview Tuesday at The Wall Street Journal's WSJ D.Live technology conference in Southern California. Last week, Harvey Weinstein was ousted from his company after numerous reports of sexual misconduct and sexual abuse against him emerged. On Monday, the Weinstein Co. said it was in talks for a potential sale of the company.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
NAFTA negotiators trade barbs, indicate wide differences
WASHINGTON (Reuters) - The top U.S. and Canadian and trade officials on Tuesday accused each other of sabotaging efforts to renegotiate the North American Free Trade Agreement, even as they and Mexico agreed to extend talks into the first quarter of 2018.
Online micro-lender Qudian' IPO prices at $24 per ADS - sources
Oct 17 (Reuters) - Chinese online micro-credit provider
Qudian Inc's initial public offering was priced at $24
per American depository share, according to sources close to the
matter, above the expected range of $19-$22 each.
BRIEF-Akari Therapeutics proposes public offering of ADS
* Akari Therapeutics announces proposed public offering of
American Depositary Shares
Source text for Eikon:
Further company coverage:
Oil prices rise as API data reportedly shows a hefty decline in U.S. crude supply
The American Petroleum Institute reported Tuesday that U.S. crude supplies dropped by 7.1 million barrels for the week ended Oct. 13, according to sources. The API data, however, also showed that gasoline stockpiles rose by 1.9 million barrels, while inventories of distillates climbed by 1.6 million barrels, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. Analysts polled by S&P Global Platts expect the EIA to report a drop of 3.9 barrels in crude inventories, along with declines of 340,000 barrels for gasoline and 2 million barrels for distillate supplies. November crude was at $52.02 a barrel in electronic trading, up from the settlement of $51.88 on the New York Mercantile Exchange.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Newest outpost for U.S. crude exports: India
India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up "test" purchases of U.S. grades to diversify their imports. U.S. exports recently set a weekly record with nearly 2 million barrels of crude a day sent overseas.
BRIEF-Cove Partners issues statement in response to board adopting resolution to classify board
New York REIT Inc(NYRT). * Cove Partners, a shareholder of American Realty Capital New York City REIT, issues statement in response to board adopting resolution to classify board Source text for Eikon: Further company coverage:
BRIEF-American Water Works Co says unit, other parties to PaPUC proceeding enter into settlement agreement
* American Water Works Co says Pennsylvania-American Water Co, other parties
to rate case filed with PaPUC entered proposed settlement agreement - SEC Filing
Tough U.S. NAFTA demands send ball back into lobbyists' court
ARLINGTON, Va. (Reuters) - Lobbying efforts on the North American Free Trade Agreement hit a crucial stage this week after the Trump administration ignored the U.S. business community's advice and pitched proposals to radically reshape NAFTA, leaving its future in doubt.
Allergan stock drops 5% after judge decides against company on key dry eye product
Allergan PLC shares dropped 5% in extremely heavy afternoon trade Monday after a Texas district court judge ruled against the company in a patent lawsuit regarding the company's key billion-dollar dry eye medication Restasis. "There is no doubt that Allergan has invented a useful and successful pharmaceutical product. It has been richly rewarded for that invention," Judge William Bryson said, adding, "the Court has concluded that Allergan is not entitled to renewed patent rights for Restasis in the form of a second wave of patent protection." Allergan had previously made an unorthodox agreement with a New York state-based American Indian tribe in order to protect Restasis patents from challenges made through the U.S. Patent and Trade Office's inter partes review process, which is separate from any court decisions. The company, which has been widely criticized for the move, including by lawmakers, has said that an district court ruling against it would allow a generic Restasis to "enter the market many years in advance of the listed patent expiry dates," or 2024. Restasis, which is used for eye inflammation, brought in $1.4 billion in revenue last year, second only to Allergan's top-selling Botox. Allergan shares have dropped 20.7% over the last three months, compared with a 3.9% rise in the S&P 500 .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Forget the white picket fence, is this today's American Dream?
Economic uncertainty has many Americans feeling increasingly unstable about their financial future, which includes retirement.
Most livable: America’s 50 best cities to live in
24/7 Wall St. created an index of over three dozen socioeconomic measures to identify the 50 best American cities to live in.
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