The Los Angeles Dodgers, bolstered by a solid outing from pitcher Clayton Kershaw and a two-run blast from Justin Turner, beat the Houston Astros 3-1 on Tuesday to draw first blood in the World Series. Continue Reading Below Playing in record high temperatures in Los Angeles, Kershaw was sizzling, striking […]
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Toyota confirms it will scale back Mexico plant
A 2015 Toyota Camry (L) is seen at the press day for the Washington Auto Show in Washington January 22, 2015. (Reuters) Toyota Motor Corp (TM) on Tuesday confirmed reports it will scale back a planned plant in Guanajuato, Mexico by 30 percent to $700 million and will cut planned […]
Lumber Liquidators settles class-actions related to China-made products
Lumber Liquidators Holdings Inc (LL) said it would settle all pending litigations related to the China-made flooring products sold by the hardwood flooring retailer for an aggregate settlement amount of $36 million. Continue Reading Below The company said on Tuesday it signed agreement with complainants in two cases in the […]
Caterpillar blows past Wall Street estimates, share rise
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 […]
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 […]
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 […]
Oil prices inch up, drop in southern Iraq exports supports
Oil prices inched up on Tuesday, supported by declining exports from southern Iraq. Continue Reading Below Oil exports from southern Iraq have fallen by 110,000 barrels per day this month, according to shipping data and an industry source, adding to the drop in flows caused by a shortfall from the […]
Iphone X demand will be substantial, but not exceptional: survey
Days before Apple Inc’s <AAPL.O> much-awaited iPhone X opens for preorders, a survey by brokerage Bernstein showed that demand for the device will be substantial, but not exceptional, with about a quarter of the respondents planning to buy the phone. Continue Reading Below Heightened anticipation around the 10th anniversary iPhone, […]
Futures higher after Abe election victory
Oct 23 (Reuters) – U.S. stock index futures pointed to a higher open for Wall Street on Monday, tracking gains for other major stock markets after Japanese Prime Minister Shinzo Abe’s election victory. Continue Reading Below * World stocks were lifted to an all-time high after Abe’s emphatic win in the weekend […]