Reuters - Business Today

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Monday, October 23, 2017

Victory for Abenomics lifts world stocks, dollar

LONDON (Reuters) - Japanese Prime Minister Shinzo Abe's election victory lifted world stocks and the dollar on Monday, relegating concerns about Spain's escalating political crisis to little more than a blip on the market radar.

Halliburton posts international revenue growth, unlike Schlumberger

(Reuters) - Worldwide revenues rose for U.S. oilfield services provider Halliburton Co in the third quarter, the company said on Monday, contrasting with the slide in international markets reported by larger rival Schlumberger last week.

Cisco to buy BroadSoft in $1.9 billion deal

(Reuters) - Cisco Systems Inc will buy U.S. telecommunications software company BroadSoft Inc in a deal valued at $1.9 billion, as the world's largest networking gear producer shifts from its stagnating legacy business of switches and routers.

Kaspersky Lab to open software to review, says nothing to hide

(Reuters) - Moscow-based Kaspersky Lab will ask independent parties to review the security of its anti-virus software, which the U.S. government has said could jeopardize national security, citing concerns over Kremlin influence and hijacking by Russian spies.

AT&T extends deadline to close Time Warner deal

(Reuters) - AT&T Inc said on Monday it had extended by a "short period" the deadline to close its proposed deal to acquire Time Warner Inc , to buy time to get the required regulatory approvals for the deal.

Volkswagen offices raided in EU cartel investigation: sources

BERLIN (Reuters) - The offices of Volkswagen were searched on Monday as part of a European Commission investigation of cartel allegations against several German carmakers, two people familiar with the matter told Reuters.

T-Mobile quarterly profit tops estimates as subscribers grow

NEW YORK (Reuters) - T-Mobile US Inc's quarterly profit topped Wall Street analyst estimates and the No. 3 U.S. wireless carrier raised the lower end of its expected range of customer additions for the year but didn't elaborate on a potential deal with rival Sprint Corp .

Futures higher after Abe election victory

(Reuters) - U.S. stock index futures pointed to a higher open for Wall Street on Monday, tracking gains for other major stock markets after Japanese Prime Minister Shinzo Abe's election victory.

BlackRock opposes banning companies from indexes over voting rights

NEW YORK (Reuters) - BlackRock Inc , the world's largest asset manager, is lambasting the architects of market indexes like the S&P 500 for ostracizing companies that deny equal voting rights to shareholders, saying that doing so could limit the opportunities of investors in index funds.

Japan's Kobe Steel considering withdrawing its full year earnings forecast: Kyodo

TOKYO (Reuters) - Kobe Steel Ltd is considering withdrawing its earnings forecast for this fiscal year as it struggles to quantify the impact of its data falsification scandal, Kyodo reported on Monday.