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Thursday, October 23, 2014

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October 23, 2014
MSNBC Says GOP Candidate Is Helping 'Disseminate ISIS Propaganda' MSNBC Says GOP Candidate Is Helping 'Disseminate ISIS Propaganda'
by Colin Campbell on Oct 23, 2014, 4:14 PM
MSNBC is running a hard-hitting story on Rep....


The Guardian's CEO Just Blasted The BBC Over Its 'Distortive Dominance' — But He Has A Solution The Guardian's CEO Just Blasted The BBC Over Its 'Distortive Dominance' — But He Has A Solution
by Lara O'Reilly on Oct 23, 2014, 2:00 PM
The Guardian's CEO Andrew Miller says the BBC should open up a “digital public space” for media companies to access and use its video content.


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STOCKS SURGE: Here's What You Need To Know

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October 23, 2014

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Stocks staged a big rally on Thursday, but came off their best levels late in the session after New York City officials confirmed late in the day that a healthcare worker who recently traveled to West Africa was being evaluated for Ebola-like symptoms. Earlier in the day on Thursday, stocks were on pace for their best day of the year, but still finished with gains bigger than 1% across the board.

First, the scoreboard:

  • Dow: 16,677.9, +216.6, (+1.3%)
  • S&P 500: 1,950.8, +23.7, (+1.2%)
  • Nasdaq: 4,452.8, +69.9, (+1.6%)

And now, the top stories on Thursday:

1. Mega cap stocks were in focus on Thursday after Caterpillar and 3M rallied following their earnings reports. Caterpillar reported adjusted earnings per share of $1.72, better than the $1.35 expected by analysts, with revenue that rose to $13.55 billion against expectations for $13.2 billion. In its earnings statement, the company, which is often seen an economic bellwether, said: "From an economic perspective, we believe there is a reasonable likelihood that world economic growth could improve in 2015. In developed countries, growth-oriented monetary policies should support continued modest economic improvement." Caterpillar shares finished the day up 5%.

2. 3M shares also gained 5% after the conglomerate reported earnings per share that beat expectations by $0.02, though its quarterly revenue came in a little light. Shares of the Dow member rallied however, as the company narrowed both its full-year earnings and revenue outlooks. In the third quarter, 3M also said that it converted 103% of its net income to free cash flow. 

3. Late afternoon reports indicated that a healthcare worker in New York City who had been traveling in West Africa, was being evaluated at New York City's Bellevue Hospital after experiencing Ebola-like symptoms. These reports, which broke just before 3:00 pm ET, took the stock market off its best levels of the day. Shares of Lakeland Industries, which makes hazmat suits and has been rallying over the last couple weeks as fears regarding Ebola have spread, spiked higher following the news. New York City health officials later confirmed that a patient was being tested for Ebola, with the results expected within 12 hours.

4. The weekly report on initial jobless claims showed that claims rose 17,000 from last week to 283,000, slightly above the 281,000 that was expected by economists. This reading, however, brought the four-week moving average down to 281,000, the lowest level since May 6, 2000. Following the report, Chris Rupkey at MUFG said, "The labor market is still strong and any slack remaining is just a figment of the Federal Reserve's imagination."

5. Also on the economic data front, Markit's US flash manufacturing PMI for October came in at 56.2, down from last month's 57.5 and below expectations for a reading of 57.0. This was the lowest reading for the report since July, and the report's new business subindex showed that new orders rose by the least in nine months. 

6. Sears is planning to close stores. Business Insider's Ashley Lutz, citing a company spokesperson, reported that the company will close stores, but said that a Seeking Alpha report, which said Sears would close more than 100 stores and lay off 5,5000 wasn't accurate. "As we have previously communicated, adjusting our physical footprint to focus on our best performing locations is a core component of our transformation," the company said.

7. Shares of GT Advanced, the Apple sapphire supplier that earlier this month unexpectedly declared bankruptcy, said in a statement on Thursday that the company would exit the production of sapphire materials and shut down its factories in Arizona and Massachusetts. Following the announcement, shares of the company currently trading over the counter rose more than 40%.

Don't Miss: Bill Ackman's Big Pharma Trade Is Making Wall Street A Very Awkward Place »

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TERROR INCORPORATED Black-market oil sales, ransoms, bank heists fuel ISIS campaign

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South Florida Wants to Be 51st State—Over Climate Change (Newser Happy Hour 6-pack)

Newser Alert
The day's six most popular stories, in time to unwind.


South Florida Wants to Be 51st State—Over Climate Change

South Florida Wants to Be 51st State—Over Climate Change

(Newser) - South Florida could be our 51st state if officials in South Miami get their way. Vice Mayor Walter Harris has put forth a resolution to split the state due to concerns over rising sea levels. "We have to be able to deal directly with this environmental concern, and we... More  »

 
Woman Graffitis Nat'l Parks, Leaves Instagram Handle

Woman Graffitis Nat'l Parks, Leaves Instagram Handle

(Newser) - Cartoonlike images of faces and serpents that appear to be the work of one person are popping up at national parks across the West, and the feds want to know who's behind them. Fortunately for them, the "artist" also signed the graffiti with her Instagram handle, creepytings, and... More  »

 
Solar Eclipse Happens Today

Solar Eclipse Happens Today

(Newser) - It's a great month for watching the skies: On top of the selenelion eclipse and the Orionid meteor shower , a partial solar eclipse can be seen by most Americans today, reports Sky and Telescope . It can be seen around 2pm on the West Coast and 6pm on the East... More  »

 
Ottawa Shooter Thought 'Devil Was After Him'

Ottawa Shooter Thought 'Devil Was After Him'

(Newser) - The man who stunned Canada with an armed attack on Parliament yesterday was no stranger to Canadian authorities, who had reportedly designated him a high-risk traveler and either seized his passport or refused to issue him a new one. Michael Zehaf-Bibeau, 32, was the son of a Quebec businessman who... More  »

 
Thigh Bone Reveals Timing of Human-Neanderthal Sex

Thigh Bone Reveals Timing of Human-Neanderthal Sex

(Newser) - It's no surprise that modern humans and Neanderthals used to get it on —most people of Eurasian descent are, genetically, 1.6% to 2.1% Neanderthal. The question has long been when they did, with a wide estimate putting it between 37,000 and 86,000 years ago... More  »

 
Sphinx's Missing Head Found Within Tomb

Sphinx's Missing Head Found Within Tomb

(Newser) - In August, archaeologists in Greece announced they were about ready to enter what they say is the biggest ancient tomb ever unearthed in the country—which would mean passing by the two headless carved sphinxes that flank its entrance. Now those archaeologists say one of the missing sphinx heads has... More  »

 

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The 'Internet of Things' Will Be The World's Most Massive Device Market And Save Companies Billions Of Dollars

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Business Insider Select
 
October 23, 2014
The 'Internet of Things' Will Be The World's Most Massive Device Market And Save Companies Billions Of Dollars The 'Internet of Things' Will Be The World's Most Massive Device Market And Save Companies Billions Of Dollars

The Internet of Things will soon be the largest device market in the world. 
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Emerging Start-Ups And Tech Giants Will Create New Winners And Losers In The Digital Banking Industry
Emerging Start-Ups And Tech Giants Will Create New Winners And Losers In The Digital Banking Industry
Only 14% of banking customers visit a bricks-and-mortar branch once a week or more.   Read»
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7 Tips To Get You Through A Long-Haul Flight With A Baby
7 Tips To Get You Through A Long-Haul Flight With A Baby
While planning a trip to Italy with my almost 1-year-old baby, I was...  Read»
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Mobile Advertising Is Exploding And Will Grow Much Faster Than All Other Digital Ad Categories
Mobile Advertising Is Exploding And Will Grow Much Faster Than All Other Digital Ad Categories
An in-depth look at the ins and outs of the mobile advertising market.    Read»
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THE DIGITAL VIDEO ADVERTISING REPORT: Growth Forecasts And Viewability Scandals
Online video ads are one of the fastest-growing ad mediums, far outpacing television and other digital formats.  Read»
5 Things Most People Don't Realize About Millionaires
Myths about millionaires abound: they're all greedy, or trust-fund...  Read»
Slack CEO Denies He's Raising At A Billion Dollar Valuation
TechCrunch reported Thursday that the enterprise collaboration app Slack...  Read»
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The Complete Guide To Mastering Your Slow Cooker
The Complete Guide To Mastering Your Slow Cooker
Cooking food slowly doesn't mandate the use of the handy electric...  Read»
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There Are 8 Indispensable Elements Of An Exceptional Life — And 7 Have Nothing To Do With Money
There Are 8 Indispensable Elements Of An Exceptional Life — And 7 Have Nothing To Do With Money
What's the purpose of life? That's a powerful question that deserves...  Read»
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Here Are The 34 US Movies People In China Are Seeing This Year
Here Are The 34 US Movies People In China Are Seeing This Year
China is currently on track to have its biggest year at the box-office...  Read»
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STOCKS ARE RIPPING HIGHER
STOCKS ARE RIPPING HIGHER
Stocks are flying higher again, but some headlines related to a...  Read»
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See Also
Google's New Inbox App Is Going To Really Annoy Advertisers
Google's New Inbox App Is Going To Really Annoy Advertisers
The Bundles feature on the Inbox app is going to make email marketing even harder than it is today.
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Most People Shouldn't Be Giving To Charity
Facebook CEO Mark Zuckerberg and his wife Priscilla Chan recently made...
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The 10 Highest-Paying Work-From-Home Jobs
The 10 Highest-Paying Work-From-Home Jobs
Working from home doesn't mean sitting around in your pajamas all day...
  Read»  
Researchers Are Building Drones You Can Control With Your Mind
Researchers Are Building Drones You Can Control With Your Mind
Researchers are now using US Department of Defense funding to explore...
  Read»  


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