Reuters - Business Today

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Tuesday, October 18, 2016

Goldman Sachs' profit jumps 58 percent as trading revenue surges

(Reuters) - Goldman Sachs Group Inc reported a 57.9 percent rise in quarterly profit on Tuesday as trading revenue surged.

U.S. consumer prices rise on strong gains in gasoline, rents

WASHINGTON (Reuters) - U.S. consumer prices rose in September as the cost of gasoline and rents surged, suggesting a steady build-up of inflation pressures that could keep the Federal Reserve on track to raise interest rates in December.

Wall St. set to open higher on Goldman, Netflix results

(Reuters) - Wall Street was set for a higher open on Tuesday, buoyed by a slew of better-than-expected quarterly reports, including from Netflix and Goldman Sachs.

Once jobless and uncounted, eager workers could slow Fed rate hike

WELLSTON, Missouri (Reuters) - The crammed-to-capacity parking lot at a job training center in this St. Louis suburb is exhibit A for why the U.S. Federal Reserve remains at odds over the health of the U.S. labor market and how quickly interest rates should rise.

J&J revenue, profit edge past estimates on robust drug sales

(Reuters) - Johnson & Johnson , the world's largest maker of healthcare products, reported third-quarter revenue and profit just ahead of Wall Street estimates, fueled by strong sales in its prescription drugs business.

AIG to sell some Latin America, European units to Canada's Fairfax

(Reuters) - U.S. insurer American International Group said on Tuesday it would sell some businesses in Latin America and central and eastern Europe to Canada's Fairfax Financial Holdings Ltd for about $240 million in cash.

Domino's revenue jumps more than expected

(Reuters) - Domino's Pizza Inc on Tuesday reported a bigger-than-expected 17 percent jump in quarterly revenue as its U.S. division overcame intense competition that is taking a bite out of industry sales.

Growth in low-fee products helps boost BlackRock profits

NEW YORK (Reuters) - BlackRock Inc , the world's largest asset manager, reported a better-than-expected quarterly profit on Tuesday, showing resilience in what has been a punishing market for many asset managers' earnings.

United expects glut of flights to Europe to keep hurting results

(Reuters) - United Continental Holdings Inc expects a glut of seats for sale across the Atlantic, attacks in Europe and a weaker British pound will continue to hurt its results, the airline said in a filing Tuesday that added details to a forecast it made a day earlier.

Harley-Davidson posts lower third quarter profit

(Reuters) - Motorcycle manufacturer Harley-Davidson Inc reported a lower quarterly profit on Tuesday, though this was as expected due to weak sales in the United States, the company's largest market.