Search For Keyword.

IBM catapults Dow Industrials over 23,000

NEW YORK (Reuters) - The Dow Jones Industrial Average closed above the 23,000 level for the first time on Wednesday, driven by a jump in IBM after the computing giant hinted at a return to revenue growth. The S&P 500 and Nasdaq Composite ticked up to record closing highs....

AmEx profit rises 19 percent on loan growth

(Reuters) - Credit card issuer American Express Co (AXP.N) reported about 19 percent jump in quarterly profit as higher billings and loan growth helped offset a jump in costs. Net income attributable to common shareholders rose to $1.36 billion, or $1.50 per share, in the third quarter...

Qatari banks to cut dollar sales to foreign lenders

(Bloomberg)- Some Qatari banks are becoming less willing to sell dollars to foreign lenders amid a lingering regional standoff with a Saudi-led alliance, according to people familiar with the matter. Foreign exchange activity between local and international banks is almost at a standstill, the...

Fighting in Libyan capital closes airport

The Libyan capital's Mitiga airport was evacuated on Tuesday and civilian flights were repeatedly suspended as rival armed groups clashed nearby, officials said. Flights had restarted around midday on Tuesday after being suspended for several hours during the morning and the previous...