With S&P 500 earnings on track to rise after four consecutive quarters of contraction, U.S. stocks are clearing a major hurdle that puts the record high in sight for the benchmark U.S. stock index. The S&P 500 hit a record high in mid August even after the long profit slump. "The magnitude of the beats we’ve had is really important," said Art Hogan, chief market strategist at Wunderlich Securities in New York.
The S&P 500 and the Dow were little changed and the Nasdaq advanced on Friday as a record day for Microsoft and earnings from McDonald's helped offset a fall in energy and healthcare shares. General Electric , often seen as an economic bellwether, weighed on the market as the industrial conglomerate's posted results that topped expectations but cut its full-year revenue target to send shares down 0.9 percent after it touched an 8-month low of $28.33. "The dollar is getting stronger, that is going to have a negative impact energy prices, that is going to have a negative impact on corporate earnings, at least potentially," said Phil Orlando, chief equity market strategist at Federated Investors, in New York.
AT&T, which sells wireless phone and broadband services, has already made moves to turn itself into a media powerhouse, buying satellite TV provider DirecTV last year for $48.5 billion. AT&T will pay $110 per Time Warner share, or about $85 billion overall, sources told Reuters. Time Warner's shares rose almost 8 percent in regular trading, and a further 4.5 percent after hours, to $93.25, giving it a market value of about $73 billion.
By Amy Tennery NEW YORK (Reuters) - The National Football League on Friday defended its handling of a domestic violence case against Josh Brown, but temporarily barred the New York Giants kicker from games and practices after newly released documents showed his then-wife accused him of a years-long pattern of physical and emotional abuse. The NFL suspended Brown in August for one game following his arrest in May 2015, when his then-wife, Molly, told police he grabbed her by the wrist during a heated argument at their home in Woodinville, Washington. The documents also included journals and written statements by Brown in which he admits to being abusive.
NBA team owners and the players union have made "tremendous progress" toward a new collective bargaining agreement, NBA commissioner Adam Silver said Friday, with rich new television deals helping talks. Former Chicago Bulls superstar Michael Jordan being involved as owner of the Charlotte Hornets has helped build trust between owners and players, either of whom could opt out of their current deal December 15 and potentially set up the first league shutdown since 2011 come next July. "We've made tremendous progress," Silver said.
By Lisa Rapaport (Reuters Health) - Heart attack survivors who participate in cardiac rehabilitation programs may survive longer, but feel no healthier, than they would without this follow-up care, a U.S. study suggests. Previous research has linked medically supervised rehab programs focused on things like stress reduction, exercise and heart healthy living to lower mortality rates. “Despite no difference in health status noted in our study, patients who have suffered an acute myocardial infarction (heart attack) should continue to be referred and strongly encouraged to participate in comprehensive cardiac rehabilitation, given its association with increased survival,” said lead study author Dr. Faraz Kureshi of the University of Missouri Kansas City School of Medicine.
(Reuters) - Former Democratic presidential candidate Bernie Sanders, in an opinion editorial published in the Los Angeles Times, on Friday urged Californians to approve a November ballot measure aimed at reining in pharmaceutical prices. The California Drug Price Relief Act, also known as Proposition 61, seeks to limit state health programs from paying more for medications than the U.S. Department of Veterans Affairs (VA), which receives the steepest discounts in the country. "Californians on Nov. 8 have a chance to stand up to the pharmaceutical industry's greed and spark a national movement to end this price-gouging," the senator from Vermont said.
As terrifying this presidential campaign season has been, I was somewhat conflicted when the third and final debate wrapped up on Wednesday night . Millions of Americans will be happy to never see these two together in the same room again, but some of us are going to miss the sparks that flew every time they met. To that end, we figured it might be worth sharing the full video from the Al Smith charity dinner in New York City this week, where the two presidential candidates roasted one another mercilessly for the amusement of the crowd. SEE ALSO: Everything we expect Apple to announce next week that isn’t a Mac For a little bit of history, presidential candidates have been attending the white tie event since 1960. Richard Nixon, John F. Kennedy, Ronald Reagan, both George H.W. and George W. Bush as well as sitting president Barack Obama. If you felt like there wasn't quite enough back-and-forth at the debates (or you simply can't get enough), you can watch Trump and Clinton go at each other one last time in the video below. Donald Trump's speech begins at the 7:30 mark in the video and Hillary Clinton's speech starts at around the 25:30 mark: https://www.youtube.com/watch?v=yGgxr4Sxoas What a weird, weird year this has been. But hey, at least Donald seems to have developed a sense of humor about himself since the 2011 White House Correspondents' Dinner.
The motivations behind today's massive denial-of-service attacks are still unknown, but the FBI and Department of Homeland Security are now looking into the incident. As Politico reported earlier today, White House press secretary Josh Earnest told reporters that DHS was "monitoring this situation," as the agency said it was "investigating all potential causes." Reuters reports that the FBI is also investigating the attacks. The DDoS, which first hit DNS service company Dyn, has affected several major websites, including Twitter, Spotify, The New York Times, and The Verge.
Some Facebook employees have argued that Donald Trump’s posts on the social network should be designated as hate speech and removed, according to a new report. The Wall Street Journal said today that Trump posts calling for a ban on Muslim immigration to the United States had triggered an emotional debate inside Facebook over enforcement of the company’s community standards. CEO Mark Zuckerberg ultimately ruled against deleting the posts, which he argued would amount to censorship of a political candidate, according to the Journal.
UPDATED 5:30 p.m. ET Friday with indications that attack may be caused by Mirai Internet of Things botnet. Around 7 a.m. Eastern time, a distributed denial-of-service (DDoS) attack was launched against Dyn, a Manchester, New Hampshire, company that provides Domain Name System (DNS) resolution services for dozens of companies, many of them household names. Dyn's customers weren't directly affected, but people wishing to use those sites or services couldn't reach them.
Amelia Krales Modular phones aren't winning. Korea's Electronic Times reported today that LG will go back to a regular, integrated design for its upcoming G6 phone after a failed experiment with modularity.LG seemed to have big plans for its G5 phone, with a nice collection of modules out of the gate and the promise of an ecosystem. We liked some things about the phone, but also found a lot of compromises thanks to the modular design. In June we learned that the phone wasn't doing very well, partly due to the complication of building it... ...
At some point this morning, one of the US’s critical internet infrastructure players was hit with a staggering distributed denial of service (DDoS) attack that has taken out huge swaths of the web. Sites like Twitter, Netflix, Spotify, Reddit, and many others — all clients of a domain registration service provider called Dyn — have suffered crippling interruptions and, in some cases, blanket outages. It appears the cause is what’s known as a Mirai-based IoT botnet, according to security journalist Brian Krebs, who cited cyber-threat intelligence firm Flashpoint. Dyn’s chief strategy officer Kyle Owen, who spoke with reporters this afternoon, later confirmed Flashpoint’s claim.
It feels like 1,000 years since Tim Cook stood on stage an announced that Apple was selling a gold-plated smartwatch for $15,000. At the time, it was difficult to say if this was a sensible move or just one involving "courage," because no one had tried to sell a small wrist computer for that much before. Two years later, the normal-human Apple Watch is doing surprisingly well , exceeding expectations by being the best-selling smartwatch in its category. The $15,000 gold Apple Watch Edition? Well, it's been discontinued, and now its fancy Paris flagship store is closing. DON'T MISS: Everything we expect Apple to announce next week that isn’t a Mac As Mac4Ever discovered , the dedicated Apple Watch boutique in Galeries Lafayette, a famous shopping center in Paris, is going to be closed down. The report cites dwindling sales figures and a "change in focus" as the reasons for killing off the picture-perfect store. The boutique is expected to close in January next year. There's two similar boutiques in Tokyo and London, and the future of those is said to be undecided. You can also see the shift in focus from the current Apple Watch lineup. When Apple debuted the Watch Series 2 last month, they Apple Watch Edition underwent a conspicuous change. The $15,000 gold-plated version isn't sold any more, and instead the Apple Watch Edition is wrapped in ceramic, and costs a much more palatable $2,000. Now, $2,000 is what you should spend on a laptop, not a smartwatch. But it put the top-end Apple wearable far closer to the rest of the company's lineup. It's possible to see someone who owns several $10,000 watches splurging on a ceramic Apple Watch Edition. It's far harder to see many people making their most expensive watch a gadget that will be out of date in a few years' time.
Donald Glover has just been cast to play a young Lando Calrissian in the upcoming Han Solo movie coming out in 2018. The news confirms months of rumors linking Glover to the project, and now the artist will officially join Alden Ehrenreich, who was recently cast as Han, in the spin-off. According to Lucasfilm, the movie, helmed by The Lego Movie directors Phil Lord and Chris Miller, will depict Lando in his "formative years" as a young scoundrel in the galaxy's underworld.
Yesterday , we heard rumors that AT&T is thinking about an acquisition of Time Warner, the cable company that owns HBO and CNN, among other channels. A WSJ report this morning upgraded the urgency, saying that a deal could happen as soon as this weekend. But according to other WSJ sources , Apple is also interested in Time Warner, and is "monitoring the situation." DON'T MISS: Everything we know about Apple’s exciting next-gen MacBook Pro Apple's interest in Time Warner, one of the biggest content creators out there, is not new. Reports surfaced back in January that Apple was one of a number of "possible suitors" to buy Time Warner. AT&T was also named as a potential bidder, so at least the rumors are consistent. With cable TV revenues faltering and Netflix making a bundle of cash producing and delivery video online, a number of companies are circling Time Warner as an easy way to get into the media business. AT&T, which is one of the largest cable and internet providers, would buy Time Warner to make distributing its content easier. Buying the content creators is also a good hedge against traditional cable TV, which is dying an increasingly quick death. https://twitter.com/shalini/status/789557346867507200 On the other hand, Apple is looking at subscription content services like Netflix, Spotify and Amazon. The latter's recent roll-out of Amazon Prime Music means that Amazon now offers a complete package of subscription services, while Apple is stuck with just Apple Music. It's unclear exactly what Apple would do with Time Warner, but it's in a good position to bundle popular content and channels into a web TV service. In the same way that it used its ownership of iOS to convert millions of people to Apple Music, something similar could happen with TVs and movies. In any case, Apple only said to be "monitoring the situation," not actively bidding. If AT&T is desperate enough for media to overpay, Apple is less likely to enter a bidding war. But if a good price isn't reached, or AT&T's acquisition is blocked by regulators, I'm sure Apple will be waiting in the wings.
Facebook's all-out embrace of live video appears to be heading to Instagram. A new report from a Russian news site shows live functionality embedded into Instagram stories, with a bold "LIVE" banner on what is apparently a live video appearing at the front of the stories feed. Tech sources have been telling me for more than a year that Instagram would add live video eventually.
Facebook over the years has received no shortage of buyout offers, with Yahoo's bid to purchase the social network for $1 billion back in 2006 perhaps being the most famous of all. While $1 billion seems like a steal today, remember that Facebook back in 2006 was only two years old and it was no surefire guarantee that it would go onto become the tech giant it is today. Remember, MySpace was still alive and kicking back in 2006 and Facebook at the time was still closed off to anyone without a .edu email address. DON'T MISS: Samsung’s bogus copyright claim couldn’t block this video of the Note 7 bomb hack in GTA 5 Yahoo, though, wasn't the only tech giant to express an interest in Facebook over the years. Microsoft in 2010 made a play for the company back in 2010. Of course, Facebook in 2010 was a much different animal than it was in 2006, and Microsoft's offer clearly reflects that. Though Facebook's IPO was still two years away, Facebook by 2010 was growing like mad and had firmly established itself as the only social networking site worth caring about. Appearing on CNBC earlier today , former Microsoft CEO and current LA Clippers owner Steve Ballmer looked back at some of Microsoft's past acquisitions. While explaining that Microsoft was never interested in acquiring Twitter, Ballmer did confirm that Redmond was dead serious about snatching up Microsoft. When asked how much Microsoft was willing to pay to acquire Facebook, Ballmer said $24 billion. "I think $24 billion when the company was itsy-bitsy and [Zuckerberg] said no," Ballmer said. "And I respect that." The entire interview with Ballmer can be viewed below.
SAN FRANCISCO/BERLIN (Reuters) - Airbnb, the online lodging service that investors now believe is worth $30 billion, faces a reckoning. "Throughout the country, people representing cities have called me to ask what's going on with the litigation," he said.
By Malathi Nayak NEW YORK (Reuters) - Advertising technology company Mirriad says it is working with Samsung Electronics Co Ltd and China's video site Youku to market Samsung products to Chinese viewers who are gravitating toward streaming video content. For instance, in the show "Ode to Joy" on Youku, as two characters emerge from an underground escalator in an urban setting, a billboard at the landing bears an ad for Samsung's Galaxy C phone. After the episode was shot and produced, the ad was inserted by Mirriad's technology over a real billboard at the setting.
Venezuela's opposition Friday urged "resistance" after the government blocked its efforts to force a recall vote on President Nicolas Maduro, but vowed peaceful action to keep a political crisis from erupting into violence. "The government wants violence or submission," said Jesus Torrealba, spokesman of the Democratic Unity Roundtable (MUD), the center right-dominated opposition coalition. The National Electoral Council (CNE) said it had indefinitely suspended the recall referendum process, after criminal courts in five states ruled the opposition had committed fraud in an initial petition drive.
The United Nations has established an "internal and independent" inquiry into an attack last month on a humanitarian convoy in Syria that killed at least 18, spokesman Stephane Dujarric announced Friday. The board will start its probe next week and be led by Lieutenant General Abhijit Guha, the secretary-general's spokesman said in a statement. The September 19 attack on a UN-Syrian Arab Red Crescent convoy of aid trucks in the northern province of Aleppo left at least 18 dead -- including a Red Crescent staff member -- and destroyed at least 18 of the 31 aid vehicles.
Democratic White House hopeful Hillary Clinton on Friday accused her opponent Donald Trump of "threatening" American democracy by refusing to pledge to accept the outcome of the presidential election. "We know the difference between leadership and dictatorship, and the peaceful transition of power is one of the things that sets us apart," Clinton told a rally in Cleveland, Ohio -- one of the key swing states up for grabs on November 8. "Donald Trump refused to say that he'd respect the results of this election.
Hillary Clinton excoriated rival Donald Trump as a threat to American democracy Friday for not pledging to honor results of the upcoming presidential election, as the bitter rivals battled for supremacy in battleground states. The 2016 election cycle pitting the Republican nominee against the former secretary of state has turned increasingly toxic, with Trump fueling wild conspiracy theories about vote "rigging" and Clinton warning that the provocative billionaire was straying into authoritarianism. "We know the difference between leadership and dictatorship, and the peaceful transition of power is one of the things that sets us apart," Clinton told a rally in Cleveland, Ohio, one of the key swing states up for grabs on November 8.
Russia is welcome to send observers to the US presidential election, even if their requests smack of a propaganda stunt, the State Department said Friday. Moscow has been accused of trying to undermine the race through cyber attacks against US political targets, and its observers complain they were refused accreditation. "The fact that they have chosen to not join the OSCE observation mission makes clear that this issue is nothing more than a PR stunt," he added.
CLEVELAND (AP) — Hillary Clinton ramped up her pressure on Donald Trump in the election's most competitive states Friday with an emotional TV ad targeting his criticism of a Muslim-American family. Trump vowed to go all-out in the final three weeks so he'll have no regrets — even if he loses.
Nearly four months after he first spoke out against Donald Trump at the Democratic National Convention, Khizr Khan is taking on the GOP nominee yet again. In a new ad released by Hillary Clinton’s campaign Friday, the Pakistani-born lawyer and Gold Star father describes the 2004 suicide bombing that killed his son, Army Capt. Humayun Khan, who was serving in Iraq in 2004. “My son moved forward to stop the bomber,” Khan says in the commercial.
While campaigning in Ohio, Hillary Clinton told voters that it’s not just her name on the ballot on Election Day. She said, “My name will be on the ballot, but it’s not just me.” She continued, “My name may be on the ballot, but the question really is: Who are we as a country?”
By Maurice Tamman NEW YORK (Reuters) - Donald Trump has repeatedly called this year's presidential election rigged and has coyly said "I will keep you in suspense” on whether he would accept a Hillary Clinton victory, but many Republicans are less circumspect, according to a new poll. Only half of Republicans would accept Clinton, the Democratic nominee, as their president. Conversely, seven out of 10 Democrats said they would accept a Trump victory and less than 50 percent would attribute it to illegal voting or vote rigging, the poll showed.
By Rory Carroll SAN FRANCISCO (Reuters) - A woman in Sacramento, California who this week carried a human skull on a stick through the streets has prompted an investigation into the identity of the deceased and the cause of death, police said on Friday. "Foul play has not been determined, therefore we are awaiting the Sacramento County Coroner's report for further information." The coroner's report is expected to be released next week.
A first US showing of rare old Korans opens Saturday in a Washington museum, highlighting a different side of Islam at a time when the religion's image in America has been scarred by a divisive presidential campaign. More than 60 Korans and Koranic texts, dating from as far back as the late seventh century and considered works of art for their exceptionally fine calligraphy, will be featured in "The Art of the Qur'an," running through February 20, 2017, at the Freer and Sackler museums, home to the Smithsonian Institution's Asian art collection. Most of them -- 47 of 63 -- were lent to Freer and Sackler from a single source: the Museum of Turkish and Islamic Arts in Istanbul.
PORTLAND, Ore. (AP) — The 21-year-old daughter of one of men in the Utah-based music group The Piano Guys has been reported missing and may have gotten injured or lost on a hike in the Columbia River Gorge in Oregon, authorities say.
CHASKA, Minn. (AP) — A Minnesota judge said Friday he'll try to rule quickly on whether state law entitles a purported niece, grandniece and nephew of Prince to press their claims to shares in the late rock superstar's estate.
Lady Gaga rose to fame with her shock-inducing outfits and remains the seventh most followed person on Twitter, but on her sober new album, she admits an unease in the era of social media. "Joanne," the now 30-year-old singer's first solo album in three years, marks a shift from the glam synthpop that made Gaga a club sensation to another retro sound -- unadorned soft rock, with forays into country. Gaga said she wrote "Angel Down," a grim ballad with a siren-like guitar backdrop, after the 2012 killing of Trayvon Martin, the 17-year-old African American shot by a neighborhood watch volunteer in Florida as he walked home with iced tea and candy.
A suspected CS tear gas spray was found at London City Airport after passengers and staff were evacuated Friday following a "chemical incident" that left 27 travellers feeling unwell and halted flights. London's innermost airport re-opened three hours after the incident was first reported, after 500 people were evacuated and several passengers treated for breathing difficulties. A search of the airport "led to the discovery of what is believed to be a CS gas or spray", Scotland Yard police headquarters said in a statement.
South Africa announced Friday that it would withdraw from the International Criminal Court, dealing a major blow to a troubled institution set up to try the world's worst crimes. The decision followed a dispute last year when Sudanese President Omar al-Bashir visited the country for an African Union summit despite facing an ICC arrest warrant over alleged war crimes. South Africa refused to arrest him, saying he had immunity as a head of state.
Former Chelsea manager Jose Mourinho says he has "never" been friends with club owner Roman Abramovich, but will not over-celebrate if Manchester United score against his old side on Sunday. Russian billionaire Abramovich twice hired Mourinho, in 2004 and 2013, and watched him become the club's greatest manager over his two spells at the helm, notably winning three Premier League titles.
Championship leader Nico Rosberg bounced back to top the times with Mercedes team-mate Lewis Hamilton back in third place after Friday afternoon's second free practice ahead of this weekend's United States Grand Prix. The two Silver Arrows cars were separated by the Red Bull of Australian Daniel Ricciardo in a session that saw the top three wind up more than eight-tenths of a second clear of the pack led by four-time champion Sebastian Vettel of Ferrari. Hamilton was fastest in the opening session in the morning, but he was pegged back in the afternoon when Rosberg clocked a best lap in one minute and 37.358 seconds at the Circuit of the Americas, 20-kms out of Austin.
Didier Drogba has been fined an undisclosed amount by Major League Soccer chiefs after his refusal to play for the Montreal Impact last weekend, the league said Friday. Former Chelsea and Ivory Coast star Drogba stunned the Impact by demanding to be left out of the squad for their game against Toronto FC on Sunday after discovering he was not in the starting lineup. Although Impact President Joey Saputo said on Tuesday the club had settled its differences with Drogba, the 38-year-old's no-show has brought a league fine.
By Emily Stephenson and Amanda Becker JOHNSTOWN, Pa./CLEVELAND (Reuters) - Republican candidate Donald Trump said on Friday that he continues to believe the Nov. 8 election is "rigged" against him, a message that has resonated with members of his party, a new Reuters/Ipsos poll shows. Trump has been coy about whether he will accept the results of the election should Democratic rival Hillary Clinton beat him. Trump, 70, was in North Carolina and Pennsylvania, while Clinton, 68, campaigned in Ohio.
Bombardier Inc said on Friday it would cut 7,500 jobs, mostly in its train-making division, in a second round of layoffs announced this year, following extended delays and budget overruns in its aerospace business. About two-thirds of the jobs are in Bombardier Transportation, the Germany-based rail unit which had already been slated to eliminate about 3,500 workers. Bombardier, which ended 2015 with 70,900 employees, said in February it would cut 10 percent of its workforce over two years, with nearly half of those jobs in the rail unit.