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Wall St. flat amid slew of earnings, Apple weighs

A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New YorkWall Street ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China raised concerns about the world's second-biggest economy. Oil prices steadied but have fallen more than 20 percent over the last month, while copper - seen as a bellwether of global growth - nudged off a six-year low.


Wall Street flat amid slew of earnings, Apple weighs

Traders work on the floor of the New York Stock ExchangeWall Street was little changed on Tuesday amid a burst of earnings reports from companies ranging from drugstore operator CVS Health to handbag maker Coach, while Apple's shares remained under pressure for a second day. Coach was up 5.9 percent at $32.27 after the handbag-maker's results beat expectations.


US stocks edge higher; Allstate slumps on weak earnings

FILE - This Jan. 4, 2010, file photo, shows an historic marker on Wall Street in New York. Global stocks were uneven Tuesday, Aug. 4, 2015, as weak Chinese manufacturing weighed on sentiment and investors looked ahead to a U.S. jobs report later this week that could cement expectations for a Fed interest rate hike. (AP Photo/Mark Lennihan, File)NEW YORK (AP) ? U.S. stocks edged higher in early trading Tuesday as energy stocks rebounded from a big sell-off. Those gains were offset by some disappointing earnings reports. Allstate fell sharply after the insurance company reported earnings that missed analysts' expectations.


US STOCKS-Wall St flat amid slew of earnings, Apple weighs

Wall Street was little changed on Tuesday amid a burst of earnings reports from companies ranging from drugstore operator CVS Health to handbag maker Coach, while Apple (NasdaqGS: AAPL - news) 's shares remained under pressure for a second day. Among other companies scheduled to release results are Dow component Walt Disney, Devon Energy and Genworth Financial. Wall Street ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China raised concerns about the world's second-biggest economy.

US STOCKS-Wall St set to open little changed amid earnings

Wall Street was set to open little changed on Tuesday as investors digest earnings reports from a slew of consumer products companies, including Kellogg (Swiss: K.SW - news) , Coach and CVS Health. Among other companies scheduled to release results are Dow component Walt Disney, Devon Energy and Genworth Financial.

China central bank vows to stabilize market expectations

China's central bank promised to "stabilize financial market expectations" on Tuesday, saying it will head off risks in the latest show of official resolve to keep the economy on an even keel. Without referring to the shakeout in China's stock market which has slumped about a quarter since early June, the People's Bank of China (PBOC) said it would improve its warning system for risk. Authorities would "pay attention to stabilizing financial market expectations", the central bank said in an online statement after Governor Zhou Xiaochuan met the heads of the bank's provincial offices.

CVS earnings rise despite no tobacco fix

FILE - This March 17, 2014 file photo shows a CVS/Pharmacy in Dormont, Pa. CVS Health reports quarterly financial results on Tuesday, Aug. 4, 2015. (AP Photo/Gene J. Puskar, File)Pricey specialty drugs helped CVS Health cope with tobacco withdrawal to top analyst expectations in the second quarter.


Amid scandal, suitors cautiously eye Malaysia's 1MDB power assets - sources

Traffic passes a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, MalaysiaBy Yantoultra Ngui and Anshuman Daga KUALA LUMPUR/SINGAPORE (Reuters) - At least half a dozen suitors have bid for energy assets of Malaysia's debt-laden state fund 1Malaysia Development Bhd (1MDB), despite it being at the centre of the country's ongoing political crisis, according to four people familiar with the matter. Infrastructure companies in Malaysia and the Middle East are among those interested in assets in 1MDB's unit Edra Global Energy Bhd, as the fund tries to raise funds to pay down some of the $11 billion (7.04 billion) debt it has accumulated since its formation in 2009. Malaysian police raided 1MDB's office in July following a report in the Wall Street Journal that said investigators looking into the fund found nearly $700 million had been put in to Prime Minister Najib Razak's bank accounts, citing documents from the investigation.


 
 
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