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U.S. Stocks Open Higher; Goldman Sachs Slashes S&P Earnings Forecast

U.S. stocks opened higher Tuesdayeven as Goldman Sachs (GS) lowers its earnings forecast for S & P 500 companies.
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U.S. stocks open higher even as Goldman Sachs (GS) lowers its earnings forecast for S & P 500 companies. Goldman cites a slowdown in the economy of China and lower oil prices. Reynolds American (RAI) will sell some non-U.S. assets for $5 billion. FIFA has slapped former Vice President Jack Warner with a lifetime ban. Republic Airways (RJET) reaches a tentative agreement with its pilots union. Volkswagen says it will refit up to 11 million vehicles and overhaul its namesake brand to try to move on from the scandal over its cheating on diesel emissions test. The move could cost the company more than $ 6.5 billion. AirBNB expects to double its bookings this year to 80 million, according to leaked internal documents obtained by Reuters. An estimate from investment bank Piper Jaffrey earlier this year predicted that nightly booking would only rise to 61 million this year, up from 40 million last year.

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