TOP STORIES
QUALCOMM TO BUY NXP FOR $39 BILLION IN BIGGEST CHIP DEAL
Qualcomm agreed to buy NXP Semiconductors for $39 billion,
adding the top supplier of automotive chips, a fast-growing market,
to the San Diego company best known for designing smartphone
chips.
U.S. STOCKS LITTLE CHANGED
U.S. stocks swung between slight gains and losses Thursday as a
selloff in government bonds kept investors on edge.
UPS GIVES BOEING JUMBO A BOOST
United Parcel Service Inc. on Thursday said it was buying 14
Boeing Co. jumbo freighters, doubling the plane maker's order book
for the jet even as it slows production.
FCC APPROVES NEW CUSTOMER PRIVACY RULES FOR BROADBAND PROVIDERS
Federal regulators adopted a scaled-back version of a privacy
regulation that would require broadband internet providers to get
consumer approval before marketing sensitive information.
TWITTER TO CUT 9% OF WORKFORCE AS REVENUE GROWTH SLOWS
Twitter posted another quarter of slowing growth and said it
would slash 9% of its global workforce, including shutting down its
Vine short-video app.
FORD'S PROFIT HIT BY RECALL COSTS
Ford's net income fell 56% compared with the same period in
2015, with hefty recall expenses, softening U.S. volumes and
product-launch costs denting margins in the core North American
market.
UPS'S REVENUE TOPS VIEWS
United Parcel Service reported that its revenue rose above
expectations in its latest quarter as domestic deliveries grew.
U.S. PENDING HOME SALES REBOUNDED IN SEPTEMBER
A gauge of coming home sales moved higher in September, a sign
that last month's rebound in homebuying activity might be sustained
in the coming months.
ZTO EXPRESS, BIGGEST U.S. IPO OF YEAR, DROPS IN TRADING DEBUT
Shares of ZTO Express slid in their market debut, a
disappointing turn after the Shanghai-based logistics company
raised $1.4 billion in the largest U.S. initial public offering
this year.
U.S. DURABLE GOODS ORDERS DECLINED IN SEPTEMBER
Demand for long-lasting manufactured goods edged slightly lower
in September, but the U.S. manufacturing sector appears to have
found firmer ground as it closed out the third quarter.
U.S. JOBLESS CLAIMS FALL SLIGHTLY
The number of Americans seeking first-time jobless benefits fell
last week, suggesting the labor market continues to expand.
KANSAS CITY FED INDEX SHOWS MANUFACTURING ACTIVITY POSITIVE
Manufacturing activity across the Plains states remained
positive in October while producers' sentiment toward their future
economic situation improved further.
SAMSUNG TALKS UP GALAXY S8 AS NOTE FIASCO BURNS PROFIT
Two weeks after scrapping its Galaxy Note 7, Samsung revealed a
big hit to its bottom line, pledged a widening investigation into
the phone's problems and elevated heir apparent Lee Jae-yong to his
first board seat.
HCA RAISES GUIDANCE AS QUARTERLY EARNINGS RISE 38%
Hospital operator HCA raised its 2016 guidance as third-quarter
earnings rose 38%.
AETNA REVENUE AND PROFIT RISES
Aetna Inc. said revenue and profit rose in its latest quarter as
some expenses were reduced but said it is still dealing with
pressure in its Affordable Care Act business.
BLACKSTONE SWINGS TO A PROFIT ON STRONG REAL-ESTATE EXITS
Blackstone Group's third-quarter profit rose as its private
equity, real estate and credit holdings appreciated, amid a strong
period for global markets and big asset managers.
CENOVUS ENERGY POSTS QUARTERLY LOSS
Cenovus Energy swung to a third-quarter loss on lower revenue,
hurt by asset-impairment charges and the absence of a big gain a
year earlier from the sale of its oil-and-gas royalty business.
VALE CEO SIGNALS DISAGREEMENT WITH BHP OVER SAMARCO
Vale's CEO signaled that a rift was starting to emerge between
the Brazilian mining giant and BHP Billiton, its partner in the
Samarco joint venture that experienced a disastrous dam failure
last year.
AMTRAK TO PAY $265 MILLION FOR DEADLY PHILADELPHIA CRASH
Amtrak will pay $265 million to settle claims related to a
deadly derailment in Philadelphia that killed eight people and
injured more than 200 others.
CHINA'S BIGGEST BANKS' EARNINGS SLIGHTLY HIGHER
Two years into their longest stagnation since listing, China's
biggest banks are still barely profitable, beset by asset bubbles
and the worsening financial health of their corporate clients.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Markets Main
INFLATION FEAR FUELS BOND ROUT
Investors worried for years about the prospect of deflation. Now
another concern-inflation-is starting to rattle global markets.
Earnings Preview
ALPHABET EARNINGS - WHAT TO WATCH
Google parent Alphabet Inc. is scheduled to announce
third-quarter earnings after the market closes Thursday
(END) Dow Jones Newswires
October 27, 2016 13:15 ET (17:15 GMT)
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