BP says no decision yet on 2019 dividend hike
BP has yet to decide whether to boost its dividend by the end of the year, it said on Wednesday, after its shares fell sharply on the previous day on fears it would defer a decision to 2020.
GE posts loss; raises cash forecast, beats on adjusted EPS
General Electric Co on Wednesday posted a $1.3 billion loss in the third quarter, and said revenue was flat as it struggles to restore growth and profits after taking a $22 billion accounting charge a year ago.
Stock futures flat as earnings pour in; Fed decision looms
U.S. stock index futures were little changed on Wednesday as investors digested a fresh batch of earnings reports ahead of a widely expected interest rate cut by the Federal Reserve later in the day.
Yum misses profit estimates as GrubHub stake bites; shares fall
Pizza Hut and KFC parent Yum Brands Inc reported quarterly profit below market expectations on Wednesday, hurt by poor performance at GrubHub Inc , the food delivery platform the restaurant operator bought a stake in a year ago.
Apple CEO’s handling of trade war has helped buoy shares, investors say
When Apple Inc reports results on Wednesday, Wall Street expects flat fiscal fourth-quarter sales and lower full-year revenue compared with the prior year, mostly because of declining iPhone sales. Yet Apple’s stock price has hit all-time highs in rec…
Fed and $50 billion auto merger plan temper share price pullback
World shares slipped off 21-month highs on Wednesday as the prospect of a U.S. rate cut was offset by reports a Sino-U.S. trade deal may be delayed, though a possible $50 billion merger between Fiat-Chrysler and PSA capped European losses.
Carmakers and repair shops clash as automation upends aftermarket
The rapid rise of crash-avoidance technology has set carmakers and repair shops on course for a collision that could determine who controls the $800 billion auto aftermarket in the digital age.
California fire threatens PG&E’s plan to raise $14 billion
A wildfire raging in California threatens to destroy more than homes and businesses – it could also undermine bankrupt PG&E Corp’s plan to raise $14 billion to finance the crisis-stricken utility’s turnaround plan.
Bayer says U.S. farmers unfazed by glyphosate litigation
Bayer, the world’s largest maker of seeds and pesticides, said U.S. farmers were unperturbed by lawsuits seeking damages from Bayer for an alleged cancer-causing effect of glyphosate-based herbicides.
Fly Emerson Air: How a U.S. company deploys its seven corporate jets
As Tiger Woods staged his dramatic comeback at Augusta National Golf Club earlier this year, most of Emerson Electric Co’s fleet of luxury corporate jets swooped in.
