Breaking Stock Market and Financial News

Advanced Auto's stock rallies as profit beat offsets sales miss

MarketWatch Market Pulse - Tue, 11/14/2017 - 07:00

Shares of Advanced Auto Parts Inc. rallied 3.3% in premarket trade Tuesday, after the auto parts seller beat third-quarter profit expectations, offsetting a sales miss. Net income for the quarter to Oct. 7 fell to $96.0 million, or $1.30 a share, from $113.8 million, or $1.54 a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $1.43, above the FactSet consensus of $1.21. Revenue fell to $2.18 billion from $2.25 billion, just below the FactSet consensus of $2.21 billion. Same-store sales fell 3.4%, compared with the FactSet consensus for a decline of 2.1%. The company affirmed its 2017 outlook for same-store sales to decline 3% to 1%. The stock had plunged 51.4% year to date through Monday, while the S&P 500 had climbed 15.5%.

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Special Report: Lead poisoning lurks in scores of New York areas

Top Reuters News - Tue, 11/14/2017 - 06:42
NEW YORK (Reuters) - In public health circles, New York City is known for its long war on lead poisoning.

Opening statements set in conspiracy trial of Nevada rancher Cliven Bundy

Top Reuters News - Tue, 11/14/2017 - 06:06
LAS VEGAS (Reuters) - Federal prosecutors and defense lawyers were due to square off on Tuesday in the trial of Nevada rancher Cliven Bundy for his role in a 2014 armed standoff that galvanized militia groups challenging U.S. government authority in the American West.

U.S., Philippines ties back on track as Trump, Duterte make up and bond

Top Reuters News - Tue, 11/14/2017 - 05:10
MANILA (Reuters) - Mutual praise, warm handshakes and even an impromptu love song at a lavish dinner suggest U.S. President Donald Trump and Philippine leader Rodrigo Duterte want a fresh start after the biggest breakdown in U.S.-Philippine ties in years.

Rights groups dismiss Myanmar army's self-exoneration of atrocities

Top Reuters News - Tue, 11/14/2017 - 03:54
YANGON (Reuters) - Human rights groups poured scorn on Tuesday on a Myanmar military investigation into alleged atrocities against Rohingya Muslims, branding it a "whitewash" and calling for U.N. and independent investigators to be allowed into the country.

Trump skips East Asia summit plenary, but says trip was a success

Top Reuters News - Tue, 11/14/2017 - 03:34
MANILA (Reuters) - U.S. President Donald Trump skipped the plenary session of a summit of East and Southeast Asian leaders in Manila on Tuesday because of scheduling delays, but he said his marathon trip to the region had been a success.

Trump asked for Xi's help in UCLA players' shoplifting case in China

Top Reuters News - Tue, 11/14/2017 - 03:26
MANILA (Reuters) - U.S. President Donald Trump said on Tuesday he sought the help of Chinese President Xi Jinping in the case of three UCLA basketball players detained in China on suspicion of shoplifting last week, and said he hoped they could come home soon.

Defecting North Korean soldier critical after escape in hail of bullets

Top Reuters News - Tue, 11/14/2017 - 03:05
SEOUL (Reuters) - A North Korean soldier is expected to survive critical wounds he received when his old comrades fired a hail of bullets at him as he made a defection dash to South Korea, the South's government and military said on Tuesday.

Iran ends quake rescue operations as hungry survivors battle the cold

Top Reuters News - Tue, 11/14/2017 - 02:10
ANKARA (Reuters) - Rescue operations have ended in areas of Iran hit by a powerful weekend earthquake that killed at least 450 people and injured thousands, state television reported on Tuesday, as many survivors, in need of food and water, battled the cold.

Exclusive: Kremlin tells companies to deliver good news

Top Reuters News - Tue, 11/14/2017 - 02:05
The Russian leadership has told major companies to supply it with news stories that put its stewardship of the country in a positive light, according to documents seen by Reuters.

Democrats to question Sessions on Russia meetings

Top Reuters News - Tue, 11/14/2017 - 01:03
WASHINGTON (Reuters) - U.S. Attorney General Jeff Sessions will face a barrage of questions from Democrats in the House of Representatives on Tuesday over whether he lied about communications between President Donald Trump's election campaign and Russian representatives.

Trump asked for Xi's help in UCLA players' shoplifting case: official

Top Reuters News - Tue, 11/14/2017 - 00:20
MANILA (Reuters) - U.S. President Donald Trump sought the help of Chinese President Xi Jinping in the case of three UCLA basketball players detained in China on suspicion of shoplifting last week, said a senior White House official.

Defecting North Korean soldier in critical condition, U.N. investigating

Top Reuters News - Mon, 11/13/2017 - 23:53
SEOUL (Reuters) - A North Korean soldier shot while defecting to the South has undergone several surgical procedures and is in a critical condition, South Korea's government and military said on Tuesday, with doctors expecting to save him.

North Korean soldier braves gunfire, defects across DMZ to South

MarketWatch Market Pulse - Mon, 11/13/2017 - 23:14

A North Korean soldier escaped a hail of gunfire from his own troops Tuesday during a daring defection across the Korean Demilitarized Zone. The soldier fled through the border village of Panmunjom and successfully made it into South Korea, according to news reports. He reportedly drove a vehicle toward the border until a wheel fell off, then ran the rest of the way, getting shot twice. He was brought to a South Korean hospital and is expected to survive. The defection came amid rising tensions on the Korean peninsula, and as the U.S. and South Korea held naval exercises off South Korea's east coast. Also Monday, an American man was reportedly arrested by South Korean troops after trying to cross the DMZ into North Korea.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Sessions looking into special counsel for Clinton issues: media reports

Top Reuters News - Mon, 11/13/2017 - 22:55
WASHINGTON (Reuters) - U.S. Attorney General Jeff Sessions has asked Justice Department prosecutors to decide if a special counsel should be appointed to investigate certain Republican concerns, including alleged wrongdoing by the Clinton Foundation and the sale of a uranium company to Russia, according to media reports on Monday.

Defecting North Korean soldier shot several times after abandoning escape car

Top Reuters News - Mon, 11/13/2017 - 22:07
SEOUL (Reuters) - The North Korean soldier shot while defecting to the South on Monday was racing towards the border in a car when a wheel came loose, forcing him to escape on foot under fire from North Korean soldiers, the South Korean government and military said.

Fears for Lebanese economy if Saudis impose Qatar-style blockade

Top Reuters News - Mon, 11/13/2017 - 21:56
BEIRUT (Reuters) - Lebanese politicians and bankers believe Saudi Arabia intends to do to their country what it did to Qatar - corral Arab allies into enforcing an economic blockade unless its demands are met.

Russia, U.S. stalemate over Syria chemical weapons inquiry

Top Reuters News - Mon, 11/13/2017 - 21:53
UNITED NATIONS (Reuters) - Russia said on Monday it was talking to the United States about the U.N. Security Council renewing an international inquiry into chemical weapons attacks in Syria, but Washington countered that Moscow had refused to engage on a U.S.-drafted resolution.

Iran ends rescue operations, battles to shelter quake survivors: TV

Top Reuters News - Mon, 11/13/2017 - 20:27
ANKARA (Reuters) - Iran said on Tuesday that rescue operations have ended in areas hit by a powerful weekend earthquake that killed at least 450 people and injured thousands of others, state television reported.

Appeals court lets Trump travel ban go partially into effect

Top Reuters News - Mon, 11/13/2017 - 19:25
WASHINGTON (Reuters) - A U.S. appeals court in California on Monday let President Donald Trump's latest travel ban go partially into effect, ruling the government can bar entry of people from six Muslim-majority countries with no connections to the United States.

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