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PayPal quarterly profit beats estimates, shares rise

NEW YORK (Reuters) – PayPal Holdings Inc (PYPL.O) on Thursday reported a third-quarter profit that beat analysts’ estimates as the company signed up more new customers and volume of payments processed rose. The PayPal app logo seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas White/Illustration …

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Wall St. slides on Saudi Arabia, Italy concerns

NEW YORK (Reuters) – U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy’s budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia. FILE PHOTO: Traders work on the floor of the New York …

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Coca-Cola names Brian Smith chief operating officer

(Reuters) – Coca-Cola Co (KO.N) on Thursday appointed company veteran Brian Smith as its chief operating officer, a role that has been vacant since James Quincey became chief executive officer last year. FILE PHOTO: Aluminium Coca-Cola cans are seen at a restaurant in Buenos Aires, Argentina, August 3, 2018. REUTERS/Marcos …

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Futures drop on hawkish Fed, disappointing industrial earnings

(Reuters) – U.S. stock futures fell on Thursday, as some industrials reported disappointing results, while the Federal Reserve’s minutes showed officials broadly agreed on raising interest rates further, fanning concerns that contributed to last week’s brutal selloff. FILE PHOTO: Traders work on the floor of the New York Stock Exchange …

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Philip Morris posts rise in third-quarter sales and profit

LONDON (Reuters) – Philip Morris International (PM.N), maker of Marlboro cigarettes among others, reported higher quarterly sales and profit on Thursday, helped by growth of its IQOS tobacco-heating device. FILE PHOTO: The Philip Morris iQOS heat-not-burn electronic cigarette is pictured in this illustration photo April 23, 2018. REUTERS/Toru Hanai/Illustration The …

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