Latest news for Prudential Jennison 20/20 Focus A(PTWAX) (See analysis on PTWAX)
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Saturday October 25th 2014: Latest financial news from the worldWall St. ends lower after shooting at Canada parliament
NEW YORK (Reuters) - U.S. stocks fell in afternoon trading on Wednesday, with major indexes erasing earlier gains as a shooting at the Canadian parliament unnerved investors and Boeing and Biogen sold off following results. The Dow Jones industrial average fell 151.05 points, or 0.91 percent, to 16,463.76, the S&P 500 lost 14.04 points, or 0.72 percent, to 1,927.24 and the Nasdaq Composite dropped 36.63 points, or 0.83 percent, to 4,382.85. (Reporting by Yasmeen Abutaleb; Editing by Nick Zieminski)
U.S. inflation muted in September as energy costs drop
By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while. The Labor Department said on Wednesday its Consumer Price Index edged up 0.1 percent last month as a rise in food and shelter costs offset a decline in energy prices. ...
Boeing profit jumps 18 percent; raises 2014 earnings view
By Alwyn Scott (Reuters) - Boeing Co reported an 18 percent increase in quarterly profit and raised its full-year core earnings forecast for the third time, reflecting booming commercial aircraft demand and increasing profitability in its defense business. But shares of the Chicago-based aerospace and defense giant slipped 1.5 percent in early trading, as analysts viewed the profit gain as a given and raised concern about signs that the costs of the 787 Dreamliner were creeping higher. The company earned $1.36 billion, or $1.86 per share, for the third quarter ended Sept. 30, up from $1. ...
U.S. regulators expand number of vehicles affected by Takata recalls
By Ben Klayman DETROIT (Reuters) - U.S. safety regulators on Wednesday expanded the number of vehicles in the United States that may be affected by recalls for potentially defective Takata Corp air bags that could spray shrapnel at occupants. The U.S. National Highway Traffic Safety Administration (NHTSA) said in a statement the number of vehicles from 10 automakers covered by recalls this year and in 2013 is now 7.8 million, up 28 percent from the 6.1 million announced on Tuesday. ...
UK's Lloyds to cut 9,000 jobs over next three years: sources
LONDON (Reuters) - Lloyds Banking Group will next week announce plans to cut 9,000 jobs over the next three years, sources familiar with the matter told Reuters on Wednesday. The cuts amount to about 10 percent of Lloyds' workforce and will be announced as part of Chief Executive Antonio Horta-Osorio's strategy review next Tuesday, the sources said. Horta-Osorio's new three-year plan is expected to include the closure of some branches as the bank responds to a growing number of transactions being executed online, and the automation of some back-office functions. ...
Total names refining boss to replace de Margerie
By Michel Rose PARIS (Reuters) - French oil company Total has appointed refining boss Patrick Pouyanne as chief executive to succeed Christophe de Margerie who was killed in a plane crash in Moscow this week. Pouyanne, 51, head of refining, had been considered as possible candidate to succeed de Margerie in the past and has a reputation as a shrewd cost-cutter. The world's fourth largest oil company also named Thierry Desmarest, a former Total CEO, as non-executive chairman. The appointments came less than 48 hours after de Margerie's death. ...
Divided SEC adopts mortgage rule, decries lax lending
By Sarah N. Lynch WASHINGTON (Reuters) - U.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did not do enough to discourage banks from lending to borrowers with shaky credit and then passing the mortgage risk to investors. The Securities and Exchange Commission approved the so-called "risk retention" rule by a 3-2 vote, while the U.S. Federal Reserve unanimously adopted it later in the day in a public board meeting. ...
Dow Chemical to cut $1 billion in costs over three years
By Swetha Gopinath (Reuters) - Dow Chemical Co , the No. 1 U.S. chemical maker by sales, said it was looking to cut fixed costs by $1 billion over the next three years, building on reductions that have helped boost margins. Shares of the company, which reported a better-than-expected profit for the fourth straight quarter, rose nearly 4 percent. Rival Dupont has said it plans to shave off $1 billion of annual costs by 2019. Dow, which said it had been cutting fixed costs annually by 3 percent since 2012, did not elaborate on the latest cost cuts. ...
Toyota executive stands by Takata as supplier despite air bag troubles
By Maki Shiraki TOKYO (Reuters) - A top Toyota Motor Corp executive said on Wednesday the Japanese automaker has no plans to abandon Takata Corp despite the supplier's struggles with air bag inflators that could rupture and spray metal shrapnel at vehicle occupants. U.S. safety regulators on Wednesday expanded the number of vehicles in the United States affected by recalls for this problem by 28 percent to 7.8 million vehicles. Toyota has the second largest number of vehicles affected by the U.S. recalls at 877,000, trailing only Honda Motor Co's 5.1 million vehicles, according to the U.S. ...
Look to energy names for global demand clues
By Caroline Valetkevitch NEW YORK (Reuters) - Slumping energy shares drove the recent U.S. stock market selloff more than any other major group, so investors are turning to next week's slate of earnings to see if the sector can pull itself out of the pit. The third-quarter earnings picture for energy looks grim. Profit growth expectations for S&P 500 energy companies have fallen more than any other sector - from a forecast of 13.8 percent on July 1 to the current 1.8 percent, Thomson Reuters data showed. Energy shares dropped 9. ...
Social Security benefits to go up by 1.7 percent
Vimeo tech chief takes on 'terrifying' online video challenges (Q&A)
College students more prone to thoughtless social posts than high schoolers, study says
Google's head of Android to oversee its most important products
Lady Gaga's 'Cheek to Cheek' coming to Amazon Instant 4K, PBS
Crave Ep. 180: Help battling robots cause even more mayhem
Got a new iPad and want to switch carriers? Turns out it's not so easy
Breaking open iPads, Groupon's quest to be Yelp
The 404 Show 1,570: Superhero movie overkill? Christian Bale to play Steve Jobs (podcast)
We're finishing up the week with the question: is Hollywood's superhero factory comic book overkill? Plus we'll talk about Christian Bale's confirmed role as Steve Jobs in a new biopic, Uber flu shot delivery and confirmation that Google Glass people still freak us out.>
Awww: A whole subreddit filled with baby-elephant GIFs
The scariest games to play this Halloween
Low Latency 112: Back to the drawing board
Huh? Mini phone attaches to the phone you already have
Aereo barred from retransmitting broadcast TV
This is what a 'Star Wars' blaster bolt would look like in real life
Sprint's 'iPhone for Life' plan to offer annual upgrade
Investors snub Amazon, but Wall Street analysts remain loyalists
iPad Mini 3 teardown's biggest surprise? The glue, iFixit finds
A new 'Harry Potter' story will unfold on Halloween
Apple CEO had 'very open' talks with China on privacy, security
Deezer buys Stitcher, a stab at marrying talk and tunes online
Most People Shouldn't Give To Charity And Don't Have To Feel Guilty About It
Facebook CEO Mark Zuckerberg and his wife Priscilla Chan recently made headlines for their $25 million donation to the Centers for Disease Control Foundation to help fight Ebola.The young Zuckerbergs aren’t the only ones giving back in a big way: Bill and Melinda Gates have donated billions of dollars of their fortune to make the world a...
The Queen puts the RT in royalty with first tweet
Get a 3-month subscription to Loot Crate for $39.99
Early Influences Can Open Up the Future
Entrepreneurs not only provide us with critical innovation and keep us at the forefront of global markets, they also create ways to gain financial independence. So why has the percentage of start-ups in the U.S. dropped significantly in the last 35 years? This is particularly worrisome in light of the healthy state of the stock market and the...
Listen to music and track runs on Android Wear, no phone needed
LG G3 Screen powered by in-house 'Nuclun' processor launches in Korea
Amazon losses widen as it braces for rocky holiday quarter
iMessage spam deluge traced to knock-offs in China
Microsoft Lumia device 'coming soon', but cheap phones keep Nokia name
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