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3XSQ: Facebook, Boeing buoy stock market

Wednesday, October 24, 2012 - 04:21

Oct 24 - Boeing posted stronger-than-expected results for the third quarter while Facebook's ad revenue grew at a faster-than-expected pace.

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Ahead affecting more industrial earnings and it. You out of the good. Later in the show. -- this Wednesday from Reuters world headquarters is north. Both to provide a boost to stocks after Tuesday's -- fueled by weakness from DuPont and united tech. The airplane manufacturer and Dow component beating profit forecast and raising its outlook for the year. Fellow Dow component eighteenth -- less positive missing forecasts as it added few customers expected. Blamed the shortage I. Taking shares right now. We've got going up at about two and a quarter percent eighteen -- down nearly 3%. Our power player of today says he's looking for a stock bargains. It's the oracle of Omaha Warren Buffett. In an interview with CNBC Buffett say he's been buying on weakness in the last week. But it also said the global economy is doing but the US faring better especially in the housing market. He says he's recently bought shares of Wells Fargo and IBM while he is so Procter & Gamble calling its earnings disappointing. One stop Warren Buffett not buying FaceBook. It reported third quarter earnings of one point three billion up 32%. From the same period last year. Seems it's finally sorting out its mobile ad strategy. Revenue -- totaling roughly 150. Million. That's about triple what it did last quarter. FaceBook shares closed at 195050. Yesterday and right now there up that 2318. Mine. -- left side and Netflix sinking after saying it added fewer US customers in the third quarter. And rolled back its nearly forecast of new streaming subscribers. Quarterly profit did beat expectations. Our daily did it today four point nine billion euros or about six point four billion dollars. That's how much former society in general trader Jerome Kirby -- was ordered to pay the bank in France's biggest rogue trading scandal. Waiters and Lee Hong joins us now from London and going wow that is. A lot of cash. It is huge and he says six billion dollars roughly the size of the economy of who want to. Plus it's also -- bailout amounts cats and it's costing from Spain and not small school. Can't -- -- -- sentenced to jail for five he is too which I suspended not in May seem like a big summit don't forget. This is punishment for as well and taking risky bets costing some dinner around six billion dollars to unwind in the first place. -- Galloway said his bosses knew what he was doing they knew the -- he was taking. The cool tool that he was the sole creation -- in use of a fraudulent system that cools these down just to the French bank. So it really is this case now closed. Lisa I suspect we may see kind of beyond the headlines again his lawyer is already looking at the possibility of -- in his case once again. And taking it to the highest appeals court. Back to you okay Angela thanks so much from London. And finally -- scientists and San Diego found themselves saying when he whose bat. As a beluga whale spontaneously mimic the sound of human voice give a listen. OK okay. -- you don't like actually scientists at the national marine mammal foundation say that talking well it discovered. When a diver mistook the sound for underwater direction from another humid. The so called conversation. Workers several times that was if they realize it had a well about Monday night he's been out mean flipper. That's the latest -- time where this Wednesday you can follow us on Twitter at Reuters Insider and check out our -- YouTube channel. At Reuters dot com slash later evening I'm Lisa Bernard this is like.

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3XSQ: Facebook, Boeing buoy stock market

Wednesday, October 24, 2012 - 04:21