Reuters - Business Today

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Tuesday, October 24, 2017

Auto industry tells Trump 'We're winning with NAFTA'

WASHINGTON (Reuters) - Major automakers, suppliers and auto dealers are launching a new coalition on Tuesday to urge U.S. President Donald Trump not to withdraw from the North American Free Trade Agreement.

Bond yields grind higher, Caterpillar smashes forecasts

LONDON (Reuters) - Benchmark bond yields cranked higher on Tuesday, as data from top euro zone economies bolstered the case for a cut to ECB stimulus and results from Caterpillar pointed to robust global construction growth.

GM shares rise on earnings beat, forecast

DETROIT (Reuters) - General Motors Co posted a stronger than expected pre-tax profit for the third quarter before charges related to the sale of its European operations, and shares jumped as GM reaffirmed its full-year earnings outlook and a promise to slash stocks of unsold vehicles.

McDonald's quarterly U.S. comp sales beat estimates

(Reuters) - McDonald's Corp reported a bigger-than-expected increase in quarterly U.S. comparable sales on Tuesday as offers such as $1 beverages and its McPick 2 for $5 promotion helped attract more diners.

Strong North America margins boost Fiat Chrysler's third quarter profit

MILAN (Reuters) - Fiat Chrysler Automobiles (FCA) reported a 17 percent jump in third-quarter adjusted operating profit on Tuesday, helped by a strong performance in its key North American market and improving operations in Europe and Latin America.

Amazon rivals turn to legal fine print to stem Whole Foods strategy

SAN FRANCISCO (Reuters) - Whole Foods Market met a new foe this summer during talks to lease a top retail space in a San Francisco mall: the Target next door.

Deutsche Boerse board to consider Kengeter's fate on Thursday: source

FRANKFURT (Reuters) - Deutsche Boerse's supervisory board will meet on Thursday to consider the fate of Carsten Kengeter, a source said on Tuesday, after the embattled CEO suffered a court setback in an insider trading investigation.

Futures higher with earnings of Dow companies in focus

(Reuters) - U.S. stock index futures were higher on Tuesday, with earnings from a host of Dow components, including McDonald's and Caterpillar, likely to set the tone for the day.

Microsoft to drop lawsuit after U.S. government revises data request rules

(Reuters) - Microsoft Corp said it will drop a lawsuit against the U.S. government after the Department of Justice (DOJ) changed data request rules on alerting internet users about agencies accessing their information.

United Tech beats Street, lifts forecasts again

(Reuters) - United Technologies Corp's quarterly profit topped analysts' estimates, driven by higher sales in its Pratt & Whitney business, prompting it to raise its 2017 adjusted profit forecast for the second time this year.