News by: Himanshu Singh
Caterpillar Inc jumped 5% after profit beat forecasts and the machinery maker raised its full-year profit forecast.
And Tesco withholds £2 million payout to former bosses as accounting scandal sparks 92% fall in profits.
Biogen Idec fell 5.4% after sales of its multiple sclerosis drug, Tecfidera, fell short of lofty expectations.
And China’s outbound direct investment is for the first time set to exceed investment into the country.
The bullish tone was helped by news that said the European Central Bank is considering buying corporate bonds.
And China’s economy grew at its slowest pace since the depths of the global financial crisis in the third quarter.
Earnings reports from Halliburton, Gannett Co, and others, helped ease the worries over global growth.
And IBM’s latest attempt to overhaul its century-old business in the face of one of the technology world’s periodic upheavals faltered.
Upbeat economic figures and earnings in the US calmed tumult in global financial markets and reassured investors concerned about the health of the world economy.
And Tesco executives in South Korea potentially face prosecution over allegations that the retailer sold customer data.
Brussels' banking watchdog has warned that it could take legal action against the BoE if it fails to close a loophole on bankers’ bonuses.
And Sir Richard Branson’s challenger bank Virgin Money has put on ice its plans to float on the stock market.
The Dow Jones was down for the sixth day as investors remained cautious amid widening Ebola scare and plunging oil prices.
And the US drugs group AbbVie has pulled out of its proposed $54 billion takeover of Britain’s Shire after US gets tough on tax.
An afternoon rebound helped the S&P 500 pare its biggest intraday plunge since 2011.
And the EU has opened a fresh rift with the UK after declaring the use of “role-based allowances” for bankers to be a breach of the controversial bonus cap.
An earlier rally in benchmark indexes led by industrial companies was faded late in the session as energy shares slid with the price of oil.
And Dublin to shut Double Irish corporate tax loophole next year.
And UK high street and online stores suffer the weakest underlying performance since the depth of the 2008-09 recession.
The S&P 500 declines more than 1% and posted its worst three-day slide since November 2011 after worries that global economic weakness will dampen US earnings.