Financial News

Tuesday, October 29th
October 28, 2019
AP-NC Newswatch
October 28, 2019
Financial News





Headlines go here … Brexit delayed until January’s end … Whopping 3rd quarter for Burger King
Eds: Restores dropped word in 4th item.


NEW YORK (AP) – Stocks are opening broadly higher on Wall Street, putting the benchmark S&P 500 index on track for a record high. At 10:23 a.m. Eastern Time, the S&P 500 rose 20 points, to 3,043. The Dow Jones Industrial Average added 186 points, to 27,144. The Nasdaq rose 72 points, to 8,315. Bond prices fell. The yield on the 10-year Treasury rose to 1.85%.


BRUSSELS (AP) – The European Union has agreed to delay Brexit until Jan. 31 next year – making the concession just three days before Britain was due to become the first country ever to leave the 28-nation bloc. After a very short meeting of diplomats in Brussels, European Council President Donald Tusk said on Twitter that the EU’s 27 other countries will accept “the UK’s request for a Brexit flextension until 31 January, 2020.”


PARIS (AP) – French luxury group LVMH says it has held preliminary discussions to purchase Tiffany & Co., sending shares in the New York jewelers soaring 28% in the early going today. The purchase would add another household name to LVMH’s plethora of upscale brands. It owns fashion names such as Christian Dior, Fendi, and Givenchy (zhee-vahn-SHEE’) as well as watchmaker Tag Heuer (HOY’-ur).


NONTHABURI, Thailand (AP) – Thailand plans to seek talks with the United States on a decision to end preferential trade privileges on a range of Thai exports including seafood. The acting director-general of the Commerce Ministry’s Foreign Trade Department says his office has been warning exporters that the U.S. might withdraw the duty-free status for some products and had been advised by the U.S. to expect it. The U.S. said Friday that it was suspending $1.3 billion in trade preferences for Thailand.


UNDATED (AP) – The Impossible Whopper propelled Burger King to its best third-quarter comparable sales increase in four years. Restaurant Brands International Inc. reports a 5% increase in same-store sales at Burger King locations in the U.S. during the quarter, crediting the launch of the Impossible Whopper for the improvement. Burger King announced in August that it would start selling the plant-based Impossible Whopper nationwide after a successful test run in seven markets.



AP-WF-10-28-19 1518GMT