Reuters - Business Today

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Wednesday, October 11, 2017

Exclusive: Despite sanctions, Russian organizations acquire Microsoft software

By Gleb Stolyarov, Anastasia Teterevleva and Anastasia Lyrchikova

Goldman creates 'brain trust' in effort to boost deals business

(Reuters) - Goldman Sachs Group Inc is betting it can get its money-making mojo back by pitching creative deals to big, complex clients, marking a return to its investment banking roots as trading revenue slows.

Spain-Catalonia relief nudges world stocks to fresh high

LONDON (Reuters) - World stocks set a record high on Wednesday, as relief that Catalonia had put off any plans to break away from Spain followed a two-decade peak for Asia's biggest share market and more upbeat predictions for the global economy.

Light trading volume seen as black spot in banks' results

(Reuters) - Trading revenue was likely to be a black spot in U.S. banks' third quarter earnings, as volatility remained low, and investors have little hope the fourth quarter will be much better.

Peltz's Procter & Gamble defeat could be more humbling than harmful

(Reuters) - Nelson Peltz put his activist hedge fund credentials on the line to win a board seat at Procter & Gamble Co, only to be narrowly defeated, according to a preliminary shareholder vote count. Yet he stands to lose more face than he does money.

Asset manager BlackRock's profit beats Wall Street view as fees rise

(Reuters) - BlackRock Inc , the world's biggest asset manager, reported a 8.2 percent rise in quarterly profit that beat Wall Street estimates on Wednesday, helped by higher fees as investors moved more money into low-cost exchange traded funds.

Delta profit beats expectations, says third-quarter results hurt by storms

NEW YORK (Reuters) - Delta Air Lines' third-quarter adjusted pre-tax income fell 9.5 percent to $1.7 billion compared to the year prior, hit by a $120 million negative impact from Hurricane Irma in September, the company said on Wednesday.

Major U.S. rail customers to air complaints over CSX at hearing

(Reuters) - Cargill Inc, Dow Chemical Co and other major corporate rail customers are expected to speak on Wednesday before the top U.S. rail regulator about their experiences with CSX Corp's network, which has been dogged by service problems since the summer.

Oil rises on tighter market, but doubts swirl on sustainability

LONDON (Reuters) - Oil prices rose for a third day on Wednesday as OPEC said the market was gradually tightening after years of oversupply, but the 2018 outlook was less certain.

Kobe Steel crisis deepens on new revelations of data fabrications, shares dive

TOKYO (Reuters) - Japan's Kobe Steel Ltd plunged deeper into crisis on Wednesday as fresh revelations showed data fabrication at the steelmaker was more widespread than initially thought, heightening a safety scare along the global supply chain.