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US close: Stocks close lower as weak corporate earnings weigh on sentiment
US stocks closed lower on Tuesday, as traders took their cues Asian and European markets and weak earnings, worries about US-Saudi relations and Italy's finances weighed on sentiment.
Xerox beats on profits, falls short on revenues
Xerox beat Wall Street estimates for profits on Tuesday as cost-cutting exercises implemented by activist investors Carl Icahn and Darwin Deason in their first quarter in control of the photocopier were successful.
Caterpillar shares sink following weak outlook
Heavy machinery manufacturer Caterpillar reiterated its disappointing guidance for the full year on Tuesday, blaming its woes on rising costs coming as a result of the US and China's tit-for-tat trade war.
McDonald's sales top estimates, plans to revamp breakfast menu
Fast food giant McDonald's turned in its third-quarter results on Tuesday, topping analysts' estimates on both the top and bottom line.
Europe close: Stocks reel amid Italian budget stand-off, weakness overseas
Stocks fell sharply after the European Union rejected the Italian government's budget proposals and as investors try to front-run the risk of another leg lower in risk assets globally.
Acacia Mining senior manager arrested for fraud by Tanzanian authorities
Acacia Mining's senior manager at its Tanzanian operations was arrested and charged on Tuesday by the Tanzanian Prevention and Combating of Corruption Bureau (PCCB).
London close: FTSE falls as risk appetite dims
London stocks stumbled on Tuesday as concerns about Brexit, Italy's budget and US-Saudi tensions dented investors' appetite for risk.
Director dealings: Essentra director ups stake
Essentra non-executive director Ralf Wunderlich purchased 10,000 ordinary shares in the FTSE-250 listed supplier of plastic and fibre products.
US auto market 'dominated by Tesla', says short-seller Citron
Tesla’s shares were boosted on Tuesday after short-seller Citron, a long-time critic of the electric car company, unexpectedly reversed its position on the stock from ‘short’ to ‘long’.
Sopheon expands into health and wellness segment with contract win
Sopheon signed an agreement on Tuesday with The Nature’s Bounty Co. for the enterprise-wide deployment of its Accolade software.
US open: Heavy losses at the bell as geopolitical woes abound
Wall Street trading began with heavy losses on Tuesday, with traders taking their cues from big declines seen across Asia and Europe, as worries about US-Saudi relations and Italy's finances weighed on sentiment.
Helios & Matheson jumps over plan to spin off MoviePass
Shares in Helios & Matheson Analytics rocketed 81% after the company announced its plans to spin off its subsidiary MoviePass as a separate company.
Credit Suisse cuts WPP target price following string of account losses
Analysts at Credit Suisse lowered their target price on British advertising firm WPP on Tuesday as a result of lower than expected organic growth due to a recent speight of major account losses.
Bayer stumbles after Monsanto cancer decision reversed
Bayer stock fell on Tuesday after a US court rejected its Monsanto arm's appeal to overturn a jury verdict linking its Roundup weedkiller to cancer.
Broker tips: HSBC, CYBG, WPP
HSBC's pivotal Hong Kong arm faces losing corporate and retail banking market share to 'virtual banks', Citigroup warned on Tuesday, with loan growth potentially falling off a cliff in the third quarter.
Wednesday preview: Barclays first to report from unloved banking sector
The UK banking sector is down 15% since the start of August and Wednesday sees Barclays kick off the sector's third-quarter reports.
Directa Plus receives two orders from Italian workwear maker
Graphene-based product producer Directa Plus announced the receipt of two orders from an unnamed Italian workwear customer on Tuesday, with an aggregate value for Directa Plus of around €0. 5m over the next two financial years.
Corero receives $1m in fresh orders
Corero Network Security announced a $0. 6m order for its 100Gbps ‘SmartWall’ threat defense system technology with an unnamed global cloud security company on Tuesday, as well as a $0. 4m expansion order for its 10Gbps SmartWall technology from an existing customer.
Bloomsbury grows underlying profit as adult books fly off shelves
Bloomsbury Publishing grew underlying profits 13% in the first half of its financial year as revenues were boosted by books by Kamila Shamsie, Anthony Bourdain and continued sales of 'Harry Potter' books.
FTSE 100 movers: Gold miners glitter but gambling stocks slide again
London's FTSE 100 was down 1. 6% to 6,932. 57 in afternoon trade on Tuesday, weighed down by worries about Brexit, Italy's finances and souring relations between the US and Saudi Arabia.