TOP STORIES
VERIZON REVIEWING TERMS OF YAHOO DEAL; REVENUE SLIDES
Verizon Communications reported declining revenue and plunging
subscriber growth, and said it is assessing whether it will need to
renegotiate its acquisition of Yahoo after a major data breach.
DRAGHI HINTS AT EXTENSION OF ECB BOND PURCHASES
The European Central Bank kept all of its key interest rates
unchanged, matching expectations that its policy would remain in a
holding pattern as inflation gradually picks up in the currency
bloc.
U.S. STOCKS WAVER ON EARNINGS, DRAGHI
U.S. stocks were little changed in midday trading, moving
between small gains and losses, as investors digested comments from
European Central Bank President Mario Draghi and mixed corporate
earnings.
WALGREENS, RITE AID PUSH BACK MERGER DEADLINE
Walgreens Boots Alliance and Rite Aid pushed out the deadline to
close their $9.4 billion merger to next year amid delays in selling
stores the two sides have to divest to get the deal past federal
regulators.
EU COURT ADVISER BACKS INTEL APPEAL OVER $1.17 BILLION FINE
An adviser to the European Union's highest court has thrown his
weight behind Intel's appeal against a decision by the bloc's
antitrust regulator to fine the chip maker $1.17 billion for
abusing its market position.
BHP BILLITON CHAIRMAN NASSER TO STEP DOWN NEXT YEAR
BHP Billiton Chairman Jac Nasser plans to step down as chairman
of the mining giant, ending a tumultuous six-year run that saw him
replace a CEO, oversee a dividend cut and struggle to deal with an
environmental disaster in Brazil.
U.S. EXISTING-HOME SALES REBOUNDED IN SEPTEMBER
A pickup in home sales last month signaled stabilization in the
U.S. housing sector despite continued pressure from tight inventory
and rising prices.
U.S. JOBLESS CLAIMS CLIMBED IN WEEK FOLLOWING HURRICANE MATTHEW
The number of Americans seeking first-time jobless benefits rose
last week, but the jump could reflect a hurricane striking the
Southeast and a bounce back after touching a four-decade low.
CONFERENCE BOARD'S LEADING ECONOMIC INDEX ROSE IN SEPTEMBER
A basket of leading economic indicators increased in September,
a sign that the U.S. economy could continue expanding modestly
through next year.
TRAVELERS OPERATING PROFIT FALLS 24%
Travelers Cos. said its third-quarter operating earnings fell
24%, as premium volume hit a record but the company was up against
an unusually strong year-earlier quarter.
NESTLÉ TO MISS ITS LONG-TERM SALES TARGET, AGAIN
Nestlé reported subdued sales growth and said it would fall
short of a key revenue growth benchmark for a fourth straight
year.
PULTEGROUP EARNINGS, REVENUE GROW
PulteGroup said earnings rose 19% in the third quarter amid
better-than-expected new order growth as demand in the U.S. housing
market remained solid.
FED'S DUDLEY SUGGESTS NEW LAWS TO FIX BANK CULTURE
Federal Reserve Bank of New York President William Dudley said
banking supervisors should monitor banks' compensation packages to
determine whether they are encouraging good or bad behavior.
POLISH RATE SETTERS SEE RETURN OF INFLATION IN 2017
A majority of Polish central bankers expect consumer prices to
rise again in 2017 after a prolonged period of deflation, according
to the minutes of the October monetary policy meeting.
NISSAN TAKES CONTROLLING STAKE IN MITSUBISHI MOTORS
Nissan Motor completed its purchase of a controlling stake in
scandal-hit Mitsubishi Motors for more than $2 billion, a deal
aimed at boosting scale to take on the world's top auto makers.
NINTENDO'S NEXT SYSTEM WILL BE PLAYABLE AT HOME OR ON THE GO
Nintendo's next videogame platform is a console-handheld hybrid
called "Switch," the company announced in a video clip
Thursday.
AMERICAN AND ALASKA AIR SEEING FRIENDLIER SKIES
American Airlines, finishing its second-best quarter in history
despite a raft of one-time items and a new income-tax provision,
beat Wall Street estimates even though its total revenue and unit
revenue dipped. Alaska Air said it is "fully focused" on completing
the Virgin America merger.
BANK OF NEW YORK MELLON EARNINGS RISE ON LOWER EXPENSES
Bank of New York Mellon said profit and revenue increased in its
latest quarter because of lower expenses and higher assets under
management.
U.K. WILL BE STRONG PARTNER IN EU, MAY SAYS
British Prime Minister Theresa May said Thursday the U.K. will
continue to be a strong partner in the European Union, as she seeks
to smooth relations at her first bloc summit since becoming the
prime minister.
DUNKIN' BRANDS FRANCHISEES SLOWING ON STORE OPENINGS
Dunkin' Brands Group Inc. franchisees are slowing openings of
new doughnut shops in the U.S. due to economic uncertainty, the
company said Thursday..
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Election 2016
TRUMP WON'T COMMIT TO ACCEPTING VOTE IF HE LOSES
Donald Trump refused to commit to respecting the results of the
election if Hillary Clinton wins, during a debate that highlighted
widely different visions on abortion, gun rights, immigration and
the Supreme Court.
Experiential
AGONY, ALARM AND ANGER FOR PEOPLE HURT BY THERANOS'S BOTCHED BLOOD TESTS
Questionable results led to changes in medical treatment. Weeks
or months passed before Theranos told many people their results
were unreliable.
(END) Dow Jones Newswires
October 20, 2016 13:13 ET (17:13 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.