Russian soldier shoots 8 colleagues dead at military base

PM Johnson will pursue Brexit plans if lawmakers reject election

LONDON, Oct 25 (Reuters) – British Prime Minister Boris Johnson will push ahead with plans to leave the European Union and with the government’s domestic agenda if lawmakers fail to back a snap election, his spokesman said on Friday. (Reporting by Andrew MacAskill; editing by Stephen Addison)

The Goodyear Tire & Rubber Q3 adjusted earnings Miss Estimates

The Goodyear Tire & Rubber (GT) revealed earnings for third quarter that dropped from the same period last year.

The company’s earnings totaled $88 million, or $0.38 per share. This compares with $351 million, or $1.48 per share, in last year’s third quarter.

Excluding items, The Goodyear Tire & Rubber reported adjusted earnings of $234 million or $0.45 per share for the period.

Analysts had expected the company to earn $0.52 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 3.3% to $3.80 billion from $3.93 billion last year.

The Goodyear Tire & Rubber earnings at a glance:

-Earnings (Q3): $234 Mln. vs. $238 Mln. last year.
-EPS (Q3): $0.45 vs. $0.68 last year.
-Analysts Estimate: $0.52
-Revenue (Q3): $3.80 Bln vs. $3.93 Bln last year.

Gold Prices Hold At Two-week Highs On Weak U.S. Data

Gold prices held steady near two-week highs on Friday and headed for a weekly gain as weak U.S. data helped reinforce investor expectations that the Federal Reserve will cut borrowing costs next week.

Spot gold edged up 0.1 percent to $1,504.98 per ounce, while U.S. gold futures were up 0.2 percent at $1,507.75.

Growth concerns resurfaced after data released overnight showed new orders for key U.S.-made capital goods fell more than expected in September and shipments also declined.

Sales of new U.S. single-family homes fell in September, adding to speculation the Fed will continue to cut interest rates to bolster growth amid the headwinds from the long-drawn trade war with China.

Hopes faded for a resolution to the Sino-U.S. trade dispute after U.S. Vice President Mike Pence adopted a hard line in a speech Thursday laying out President Donald Trump’s China policies and reiterating U.S. support for protesters in Hong Kong.

On the Brexit front, British Prime Minister Boris Johnson conceded for the first time that he could not meet his Oct. 31 Brexit deadline and called for a general election.

Cabaletta Bio prices IPO at $11 a share, below $14 to $16 price range

Cabaletta Bio Inc. CABA, +0.00% said Friday it priced its initial public offering at $11 a share, selling 6.8 million shares to raise $74.8 million. The clinical-stage biotech priced the deal well below its price range of $14 to $16. The stock will start trading on Nasdaq later Friday, under the ticker symbol "CABA." Morgan Stanley, Cowen and Evercore were underwriters on the deal. "We are a clinical-stage biotechnology company focused on the discovery and development of engineered T cell therapies for B cell-mediated autoimmune diseases," the company said in its prospectus.

Art from rubbish: Noted artist Anatsui holds exhibition in Doha

The Ghanaian artist has won many awards for his works that are made predominately from rubbish.

    One of Africa’s most acclaimed artists, El Anatsui, has held his first exhibition in the Middle East.

    The Ghanaian artist has won many awards for his works that are made predominately from rubbish.

    It has been featured in galleries worldwide, from the Guggenheim Museum in Bilbao, Spain to the Metropolitan Museum of Art of New York City.

    Al Jazeera’s Laura Burdon-Manley met him at Doha’s Mathaf: Arab Museum of Modern Art.

    NetEase Announces Pricing Of IPO By Youdao – Quick Facts

    NetEase, Inc. (NTES) announced the pricing of the initial public offering by its majority-controlled subsidiary Youdao, Inc. The IPO of 5.6 million American depositary shares were priced at $17.0 per ADS. The ADSs are expected to begin trading on the NYSE on October 25, under the symbol, DAO.

    Concurrently with the IPO, certain investment funds managed by Orbis Investment Management Limited have agreed to purchase from Youdao a total of 7,352,941 class A ordinary shares at an aggregate investment amount of $125 million, in a private placement.

    The aggregate offering size of the IPO and the private placement is approximately $220.2 million (inclusive of approximately $95.2 million of ADSs sold in the IPO).

    Amazon doesn’t buy back any stock for 30th-straight quarter

    Amazon.com Inc. AMZN, +1.06% disclosed Friday that it chose not to buy back any of its stock during the third quarter, extending its quarterly streak of no repurchases to 30. The stock sank 6.1% in premarket trading, after the e-commerce giant reported disappointing third-quarter results and provided a downbeat holiday-quarter outlook. Amazon can buy back up to $5 billion worth of its stock, as part of a share repurchase program started in February 2016, with no expiration date. The last time Amazon bought back shares was the first quarter of 2012, when it spent $960 million to repurchase 5.3 million shares. The company has never paid a dividend, since going public in May 1997, according to FactSet data. According to Amazon’s 10-Q filed with the Securities and Exchange Commission Friday, Amazon had 495,797,220 shares outstanding as of Oct. 16, up from 494,656,015 shares as of July 17. Amazon’s stock has rallied 18.6% year to date through Thursday, while the Dow Jones Industrial Average DJIA, -0.11% has gained 14.9%.

    Russian soldier shoots 8 colleagues dead at military base

    A Russian soldier has shot dead eight colleagues at a military base, according to reports.

    The soldier launched the attack on their own colleagues in Russia's far east.

    Two other servicemen were also badly injured in the shooting in the Transbaikal region.

    The report has come from news agency Interfax, which cited the Russian defence ministry.

    The gunman was reportedly detained at the scene.

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