By John McCrank NEW YORK (Reuters) – The euro briefly fell back below parity with the dollar on Thursday after the European Central Bank (ECB) raised interest rates, and U.S. data showed that the world’s biggest economy rebounded more than expected in the third quarter. The ECB raised its deposit rate by 75 basis points…
Southwest posted record operating revenue in its third quarter as travelers returned in force over the summer. Operating revenue totaled $6.22 billion, up 10% from the prior year’s $5.64 billion, the company said Thursday. However, this was shy of the $6.23 billion that analysts polled by Zacks Investment Research. Fuel costs were $3.34 per gallon….
McDonald’s reported strong sales in the third quarter as it raised prices and used offers on its app to draw in customers Global same-store sales, or sales at locations open at least a year, rose 9.5% in the July-September period. That was well ahead of the 5.8% increase Wall Street was expecting, according to analysts…
Hunting down your enemies on the bustling streets of Amsterdam, along the U.S.-Mexico border or in a Middle Eastern fishing village is just part of the intense action in the latest Call of Duty video game. The Friday release of Call of Duty: Modern Warfare 2 continues a nearly two-decade run for California-based Activision Blizzard’s…
(Reuters) – S&P 500 e-minis futures jumped on Thursday, gaining sharply as data showed slightly better-than-expected U.S. economic growth in the third quarter, with a key inflation metric down from the prior quarter. Gross domestic product increased at a 2.6% annualized rate last quarter, the U.S. Commerce Department said in its advance GDP estimate, ending…
Shares were mostly lower in Asia on Friday after a mixed session on Wall Street, where tech sector losses offset gains in other parts of the market. Tokyo’s benchmark slipped as the government was preparing about $490 billion in stimulus spending to help the world’s No. 3 economy cope with inflation. As expected, the Bank…
BEIJING (AP) — Seagate Technology said Thursday the U.S. Department of Commerce has warned it may charge the computer hard-drive maker with violating restrictions on exports of high-tech products to China. The company said in an SEC filing that it rejected the allegations. It says its hard disc-drives are not subject to U.S. Export Administration…
WASHINGTON (AP) — Slightly more Americans applied for unemployment benefits last week as the labor market remains one of the healthiest parts of an uneven U.S. economy. Jobless claims for the week ending Oct. 22 inched up by 3,000 to 217,000 from 214,000 the previous week, the Labor Department reported Thursday. The four-week moving average…
WASHINGTON (AP) — Marlboro-maker Altria has a new partner in its effort to bring a heat-not-burn cigarette to the U.S. market, one week after exiting a similar deal with its sister company, Philip Morris International. Altria said Thursday it’s launching a new venture with Japan Tobacco to commercialize cigarette alternatives developed by both companies for…
WASHINGTON (AP) — The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of contraction and overcoming high inflation and interest rates just as voting begins in midterm elections in which the economy’s health has emerged as a paramount issue. Thursday’s better-than-expected estimate from the Commerce Department showed…
