October 18, 2018

Campbell, Third Point battle heats up, no concessions on the table

Activist investor Daniel Loeb and Campbell Soup Co hardened their positions in the battle over the soup maker’s future on Thursday as the hedge fund manager […]
October 18, 2018

AmEx tops profit estimates on higher consumer spending

American Express Co topped Wall Street estimates for third-quarter profit on Thursday and lifted its yearly earnings forecast, as a strengthening U.S. economy powered higher credit […]
October 18, 2018

Wall St. slides as Saudi Arabia, Italy add to economic concerns

U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy’s budget and concerns mounted over the possibility of […]
October 18, 2018

Senator Warren urges Fed to require removal of Wells Fargo CEO

U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co to grow in size until the bank replaces Chief […]
October 18, 2018

Souring sentiment drags global stocks lower; oil falls

Stocks fell on Thursday while German and U.S. bond prices rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy’s budget […]
October 18, 2018

VW’s Porsche expects to repeat record vehicle sales this year

Volkswagen’s Porsche sports car brand is confident it can repeat last year’s record sales in 2018, the division’s chief executive told Reuters. Powered by WPeMatico
October 18, 2018

Wall Street slides on weak earnings, hawkish Fed, Saudi concerns

U.S. stocks sank more than 1 percent on Thursday as weak industrial earnings raised worries about rising expenses and the impact of tariffs, adding to concerns […]
October 18, 2018

Michelin cuts market forecasts on EU emissions squeeze, China slowdown

French tire maker Michelin cut its full-year market forecasts on Thursday and said a sales slowdown would worsen in the fourth quarter, blaming weaker Chinese vehicle […]
October 18, 2018

Pricing boost helps Philip Morris quarterly results to beat estimates

Philip Morris International , maker of Marlboro cigarettes, maintained its full-year guidance on Thursday after higher pricing helped it to report better than expected quarterly sales […]
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