Business


US stocks slip on China concerns; investors seek safety

The benchmark index had closed below the 2,140 mark on Thursday, confirming a break below its 100-day moving average, which had served as technical support over the past month. Concerns about the global economy contributed to the early weakness on Wall Street following the release of disappointing Chinese trade data. Also on Friday, JPMorgan Chase , Citigroup and Wells Fargo will be reporting earnings.


Citigroup tops Wall Street expectations for earnings and revenue

Citigroup tops Wall Street expectations for earnings and revenue

From now through October 16, choose from wonderful subscription offers.... Both figures beat the expectations of analysts, who had predicted profit of $1.16 per share on revenue of $17.36 billion. The third quarter of previous year reportedly had $1.35 in EPS on $18.07 billion in revenue. The company's revenue was dragged down by its Citi Holdings unit, which holds assets that the company plans to sell off.


American Airlines Group Inc Reports September Traffic

American Airlines Group Inc Reports September Traffic

The relative volume (ratio between current volume and 3-month average) stands at 1.32. AAL has been the subject of several recent research reports. Sanford C. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group, Inc .



Wells Fargo beats Street 3Q forecasts

Though Wells Fargo's profit fell 2.6 percent from a year ago, the San Francisco-based bank generated $5.6 billion worth in the three months ending September 30. Friday's results mark Sloan's first major test since taking the helm less than 48 hours ago. Wells Fargo was down 0.8 percent. He won't be receiving severance pay and the bank announced earlier that he will forfeit $41 million in stock awards.



Creepy clown craze sweeps the globe

Superintendent Simon Thompson said: "In the run up to Halloween we are seeing an increase in the number of incidents causing fear in public places". A police statement detailed how on Saturday evening a teenage girl was "confronted by an unknown person dressed as a clown and wielding what appeared to be a baseball bat".


Wells Fargo CEO Is out as Bank Grapples With Sales Scandal

Wells Fargo CEO Is out as Bank Grapples With Sales Scandal

Just a day after the call leaked, Stumpf was out. Stumpf's retirement is surprising given that other CEOs, especially in the financial industry, have been able to weather scandals of a similar scale, said Carl Tobias, a professor at the University of Richmond School of Law.