Oct 24 (Reuters) – Caterpillar Inc. (CAT) smashed Wall Street’s profit and sales estimates, driven by robust demand for its construction equipment in North America and China, and raised its full-year forecasts, sending its shares up 6 percent. Continue Reading Below Sales surged across all of the company’s key businesses […]
FOX Business News
GM shares rise on earnings beat, solid forecast
DETROIT (Reuters) – General Motors Co (GM) posted a quarterly net loss on Tuesday due to charges stemming from the sale of its Opel unit in Europe to France’s Peugeot SA, but excluding charges its results handily beat analyst expectations and the company reaffirmed its full-year earnings outlook. Continue Reading […]
Eli Lilly says profit falls, to mull sale of animal health business
Eli Lilly and Co, one of the world’s top insulin makers, on Tuesday reported a 28.5 percent drop in quarterly profit and said it was reviewing options, including a sale or an IPO, for its Elanco Animal Health business. Continue Reading Below The company said its net income fell to […]
Eurozone economy keeps up strong momentum toward year-end
LONDON – A survey shows that business activity grew at a high rate in the 19-country eurozone economy at the start of the final quarter of the year. Continue Reading Below The purchasing managers’ index, a gauge of activity in the services and manufacturing sectors published Tuesday by IHS Markit, […]
Saudi Aramco listing on track for 2018, says sovereign wealth fund
Saudi Aramco’s initial public offering is on track to take place next year, Saudi Arabia’s top sovereign wealth fund said on Tuesday. Continue Reading Below “Everything is on track. 2018 is our target. There is nothing that I know about that can take us off track,” Public Investment Fund Managing […]
GAO: Climate change already costing US billions in losses
WASHINGTON – A non-partisan federal watchdog says climate change is already costing U.S. taxpayers billions of dollars each year, with those costs expected to rise as devastating storms, floods, wildfires and droughts become more frequent in the coming decades. Continue Reading Below A Government Accountability Office report released Monday said […]
EU nations clinch long-sought deal on ‘posted workers’
BRUSSELS – The European Union has reached agreement on so-called posted workers who are often cheap labor from Eastern Europe sent temporarily by companies to more prosperous EU countries. Continue Reading Below EU headquarters said in a statement Tuesday that the agreement provides for the long-term posting of people for […]
Swiss drugs maker Novartis reports 7 percent rise in 3Q net
GENEVA – Swiss pharmaceuticals company Novartis is reporting net income rose 7 percent in the third quarter behind growth for its psoriasis treatment Cosentyx, its eye care business and several cancer drugs. Continue Reading Below The Basel-based company says net earnings rose to $2.08 billion in the quarter, from $1.95 […]
New York City’s transit agency to phase out MetroCards
NEW YORK – New York City’s transit agency is changing how bus and subway passengers pay their fares. Continue Reading Below The Metropolitan Transportation Authority is phasing out its MetroCard in favor of something more modern. An MTA committee on Monday approved a $573 million contract for a new payment […]
Asian stock markets slightly higher after Wall Street loss
BEIJING – Asian stock markets edged up Tuesday after Wall Street slid overnight as investors looked for new drivers for trading activity. Continue Reading Below KEEPING SCORE: Tokyo’s Nikkei 225 index rose 12 points, or 0.05 percent, to 21,708.89 and the Shanghai Composite Index added 2.5 points to 3,383.24. Hong […]