Reuters - Business Today

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Tuesday, October 31, 2017

Apple could drop Qualcomm components in next year's iPhones, iPads: sources

(Reuters) - Apple Inc has designed iPhones and iPads that would drop chips supplied by Qualcomm Inc , according to two people familiar with the matter.

U.S. business group worries Trump unprepared for commercial talks with China

BEIJING (Reuters) - A top U.S. business lobby in China said on Tuesday it was concerned U.S. President Donald Trump's administration was not making sufficient preparation for talks on imbalances in the bilateral economic relationship ahead of his November visit.

Mastercard's profit rises on higher consumer spending

(Reuters) - Mastercard Inc posted a quarterly profit on Tuesday that was higher than Wall Street's expectations, fueled by increased consumer spending globally and maintaining market share over other payment channels.

Kellogg posts surprise sales increase on Kashi, frozen foods demand

(Reuters) - Kellogg Co reported a surprise increase in sales on Tuesday after 10 straight quarterly declines, getting a boost from higher demand for its frozen foods and Kashi snacks.

World stocks head for record 12th month of gains

LONDON (Reuters) - World stocks headed for a record twelfth month of gains on Tuesday, as a 5 1/2-month high in European stocks and records elsewhere underscored one of the most robust bull markets on record.

Google ditched autopilot driving feature after test user napped behind wheel

ATWATER, Calif. (Reuters) - Alphabet Inc's self-driving car unit stopped developing features that required drivers to take control in dangerous situations, its chief executive said Monday, as autopilot reliance left users prone to distractions and ill-prepared to maneuver.

Pfizer beats profit estimates, raises 2017 earnings forecast

(Reuters) - Pfizer Inc's quarterly profit beat market estimates, partly helped by higher-than-expected sales of its blockbuster pneumonia vaccine Prevnar, and the company also raised its full-year earnings forecast.

Futures higher with earnings, Fed in focus

(Reuters) - U.S. stock index futures were slightly higher on Tuesday following a fresh set of earnings reports, while investors waited for an announcement on the new Federal Reserve head.

Shopify posts strong revenue growth, adjusted profit

TORONTO (Reuters) - Shopify Inc posted a 72 percent increase in third-quarter revenue as the fast-growing Canadian retail software company reported an adjusted profit for the first time as a public company and increased its fourth quarter forecasts.

Exclusive: Swiss prosecutors seek widening of secrecy law to bankers abroad

ZURICH/LONDON (Reuters) - Swiss prosecutors are seeking a court ruling that would make it easier to convict whistleblowers for breaking the country's bank secrecy law wherever they are in the world, legal documents show.