October 18, 2018

Wall Street drops after weak industrial earnings, hawkish Fed

U.S. stocks fell on Thursday as weak earnings reports from industrials raised worries over rising expenses and the impact of tariffs, adding to concerns of higher […]
October 18, 2018

Starbucks to let Mexico’s Alsea operate stores in four European nations

Starbucks Corp said on Thursday it would give its longtime partner Mexico’s Alsea SAB the rights to operate its cafes in France, the Netherlands, Belgium and […]
October 18, 2018

Brazil court denies Monsanto bid to halt seed licensing to bankrupt firm

A Brazilian appeals court denied a request this month by Monsanto’s local unit to suspend licensing of its popular Intacta soy seed technology to privately-owned seed […]
October 18, 2018

VW to offer buyer incentive for scrapping older German diesels

Volkswagen on Thursday said it will offer trade-in incentives and a bonus for scrapping older diesel vehicles in Germany, in a move to stave off driving […]
October 18, 2018

Blackstone third-quarter profit beats estimates amid market rise

Blackstone Group LP , the world’s largest manager of alternative assets, modestly exceeded analyst expectations with an 11 percent jump in third-quarter earnings on Thursday, as […]
October 18, 2018

Philip Morris quarterly results top estimates

Philip Morris International , maker of Marlboro cigarettes among others, reported higher than expected quarterly sales and profit on Thursday, helped by its IQOS tobacco-heating device. […]
October 18, 2018

Ericsson has dismissed 50 employees following U.S. corruption probe

Mobile telecom gear maker Ericsson said on Thursday that it has dismissed 50 people over a U.S. corruption probe it warned could lead to a financial […]
October 18, 2018

Futures slip after Fed minutes signal more rate hikes

U.S. stock futures fell on Thursday after the Federal Reserve’s minutes showed policy makers broadly agreed on the need to raise interest rates further, fanning concerns […]
October 18, 2018

Dollar steadies as Fed minutes weigh on stocks, yuan

The dollar held near a one-week high on Thursday and stocks were mixed after minutes showing the Federal Reserve may favor more rate hikes next year. […]
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