video Business
Intel profits beat forecasts
Tuesday, October 13, 2015 - 01:12
Intel reported lower profits, but beat forecasts. Concerns about weak profits and renewed fears of slowing growth in China weighed on stocks. Bobbi Rebell reports.
▲ Hide Transcript
▶ View Transcript
After the closing, Intel reporting a drop in quarterly profits. Results for the chipmaker, however, were better than forecasts. Wall Street drifted lower on Tuesday. Weak import data from China dampened the mood, sending stocks down in Europe as well. BMO Private Bank CIO Jack Ablin: (SOUNDBITE) JACK ABLIN, CHIEF INVESTMENT OFFICER, BMO PRIVATE BANK (ENGLISH) SAYING: "We're going to have to cope with slowing economic growth that appears to be washing up on our shores. And, the fact is, the Fed and other central banks don't have the ammunition they had to combat some of these challenges that they would have year ago." Anheuser-Busch InBev finally overcame its challenge of getting SABMiller to say yes after five tries. The world's largest brewers are combining in a $100 billion deal. That could push SAB to sell its stake in a joint venture with Molson Coors. Shares of the three companies rose. Shares of Twitter climbed after the microblogging service said it would lay off about eight percent of its staff. JetBlue's shares went the other way. J.P. Morgan downgrading them to "neutral" from "overweight." Johnson & Johnson said it'll buy back up to $10 billion of its stock. But shares fell after the drug maker's quarterly sales disappointed Wall Street.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Intel profits beat forecasts
Tuesday, October 13, 2015 - 01:12
Top News »
9:10pm BST - (0:47)
6:36pm BST - (0:58)
Fri, 19 Apr, 2019 - (1:07)
Fri, 19 Apr, 2019 - (1:31)
Fri, 19 Apr, 2019 - (1:36)
Thu, 18 Apr, 2019 - (2:20)
Thu, 18 Apr, 2019 - (1:44)
Thu, 18 Apr, 2019 - (1:43)
Thu, 18 Apr, 2019 - (0:30)
Thu, 18 Apr, 2019 - (0:47)
Thu, 18 Apr, 2019 - (3:25)
Thu, 18 Apr, 2019 - (0:30)
Editors' Picks »
Thu, 18 Apr, 2019 - (1:43)
Thu, 18 Apr, 2019 - (2:45)
Thu, 18 Apr, 2019 - (1:35)
Thu, 18 Apr, 2019 - (1:54)
Thu, 18 Apr, 2019 - (1:52)
Thu, 18 Apr, 2019 - (1:45)
Wed, 17 Apr, 2019 - (2:20)
Tue, 16 Apr, 2019 - (1:36)
Tue, 16 Apr, 2019 - (0:40)
Tue, 16 Apr, 2019 - (1:04)
Featured Videos
INSIGHT: London eco-activists turn to superglue
Environmental activists glue themselves to a train, lorry, building and each other in a series of protests to force Britain to take more radical measures to avert climate change
Here's the exhibit; New York showcases art of punk rock
The Museum of Arts and Design in Manhattan is putting on display more than 400 of punk rock's most memorable graphics, including flyers, posters and album covers
Afghan bird hunters carry on tradition amid chaos
Bird hunting is an ancient sport in Afghanistan, where local and migrating species have flocked for thousands of years. The tradition has persisted even through 40 years of violent conflict thanks to hunters like Jan Agha, who hopes to pass his skills on to his sons
Meghan's royal baby will be bold - astrologer
Boy or girl, Prince Harry and his American wife Meghan's first child will be bold and courageous, and Harry will be the more patient parent, according to a U.S. astrologer
For the ultimate 'Game of Thrones' fan, how to speak Valyrian
The linguist behind the show's unique language teaches key phrases to fans
Technology »
Thu, 18 Apr, 2019 - (1:52)
Wed, 17 Apr, 2019 - (1:02)
Wed, 17 Apr, 2019 - (0:36)
Wed, 17 Apr, 2019 - (1:21)
Tue, 16 Apr, 2019 - (1:51)
Tue, 16 Apr, 2019 - (1:51)
Mon, 15 Apr, 2019 - (1:49)
Sun, 14 Apr, 2019 - (0:49)
Entertainment »
Thu, 18 Apr, 2019 - (1:50)
Wed, 17 Apr, 2019 - (1:10)
Wed, 17 Apr, 2019 - (0:58)
Wed, 17 Apr, 2019 - (1:10)
Tue, 16 Apr, 2019 - (1:57)
Mon, 15 Apr, 2019 - (1:46)
Mon, 15 Apr, 2019 - (1:57)
Fri, 12 Apr, 2019 - (1:58)
Fri, 12 Apr, 2019 - (0:54)
Fri, 12 Apr, 2019 - (2:00)
Sports And Leisure »
Thu, 18 Apr, 2019 - (0:40)
Thu, 18 Apr, 2019 - (1:09)
Thu, 18 Apr, 2019 - (0:57)
Thu, 18 Apr, 2019 - (0:42)
Wed, 17 Apr, 2019 - (1:21)
Wed, 17 Apr, 2019 - (0:55)
Wed, 17 Apr, 2019 - (1:29)
Wed, 17 Apr, 2019 - (1:30)
Tue, 16 Apr, 2019 - (0:52)
Mon, 15 Apr, 2019 - (1:41)
Oddly Enough »
Fri, 19 Apr, 2019 - (1:11)
Fri, 19 Apr, 2019 - (1:18)
Thu, 18 Apr, 2019 - (0:50)
Thu, 18 Apr, 2019 - (2:17)
Mon, 15 Apr, 2019 - (0:49)
Mon, 15 Apr, 2019 - (1:08)
Sat, 13 Apr, 2019 - (0:36)
Sat, 13 Apr, 2019 - (1:11)
Wed, 10 Apr, 2019 - (1:26)