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Current feed - Reuters: Business News

Sunrise shareholder Canada Pension Plan Investment Board backs $2.8 billion capital hike
Sunrise Communications has won support from one of its largest shareholders for its $2.8 billion capital hike - the latest twist in the telecom company's battle to buy Liberty Global's Swiss business.

United lifts 2019 profit target as strong travel demand outweighs MAX crisis
United Airlines on Tuesday topped Wall Street estimates for quarterly profit, boosted by higher fares and lower fuel costs, and lifted its 2019 profit target despite the continued grounding of the Boeing 737 MAX.

Wall Street gains as earnings season begins in earnest
Wall Street advanced on Tuesday as third-quarter reporting season hit with a spate of upbeat earnings reports that brought buyers back to the equities market.

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Stocks jump on report Brexit deal may be close, oil slips
Stocks in Europe and on Wall Street jumped about 1% on Tuesday on strong U.S. corporate results and a possible deal to avoid a disorderly British exit from the European Union, while oil prices fell as weak China data kindled global economic fears.

Big banks say U.S. consumers sturdy as businesses quiver with growth fears
Quarterly results from four of the largest U.S. banks on Tuesday showed that American consumers are helping to prop up the economy, even as recession fears have led businesses to pull back on spending and borrowing.

U.S. board to determine probable cause of Southwest engine failure that killed one
The U.S. National Transportation Safety Board (NTSB) said on Tuesday it will meet to determine the probable cause of the April 2018 uncontained engine failure of Southwest Airlines flight 1380 that killed a passenger who was partially sucked out the window.

Oil falls on weaker economic growth forecasts and swelling U.S. crude stocks
Oil prices fell on Tuesday, as investors worried that the unrelenting U.S.-China trade war would keep squeezing the global economy, and that swelling U.S. crude inventories would further pressure prices.

Fidelity to review ties with money manager after 'inappropriate' comments
Fidelity Investments criticized money manager Kenneth Fisher on Tuesday over what it called inappropriate remarks he made at an investment conference last week, saying it was reviewing the $500 million Fisher's firm manages for the mutual fund giant.

Consumer banking powers Citigroup's profit beat
Citigroup Inc reported higher-than-expected earnings on Tuesday off the back of its global consumer business, showing consumer spending and sentiment remain high.

Google unveils Pixel 4 phones with radar, more affordable laptop
Alphabet Inc's Google unveiled new Pixel smartphones with higher quality cameras, a radar sensor to track hand gestures and faster virtual assistant on Tuesday, but the devices had no surprise features to set them apart from rivals and nix concerns about price.

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