Air Canada sees year-end capacity up despite 737 MAX grounding, shares jump
Air Canada said on Tuesday it expects higher capacity and revenues during the last three months of 2019, after reporting lower-than-expected third-quarter profit in the wake of the grounding of Boeing Co’s 737 MAX jets.
U.S. consumer confidence slips in October
U.S. consumer confidence unexpectedly fell in October amid household concerns about the short-term outlook for business conditions and job prospects.
Russia’s Sberbank to buy stake in Mail.ru to expand in digital economy
Sberbank has agreed to buy Gazprombank’s holding stake in internet company Mail.ru as Russia’s largest lender continues its transformation under Chief Executive German Gref into a banking-to-online services company.
GM earnings beat lifts shares but U.S. strike weighs on outlook
General Motors Co on Tuesday posted a stronger-than-expected quarterly profit on robust U.S. demand for its lucrative pickup trucks and SUVs, offsetting the $3-billion hit from a U.S. labor strike that led it to slash its earnings forecast.
Merck sees ongoing Keytruda strength as its sales top $3 billion in quarter
Merck & Co Inc on Tuesday said it expected immunotherapy Keytruda to continue its market dominance as an initial treatment for advanced lung cancer as sales of the drug topped $3 billion in a quarter for the first time, beating lofty Wall Street estimates.
Tesla filing shows U.S. third-quarter sales dropped 39%
Tesla Inc’s third-quarter revenue fell 39% in the United States, a regulatory filing showed on Tuesday.
World stocks cling to gains on trade optimism, mixed earnings knock Europe
World stocks hovered near a 15-month high on Tuesday underpinned by cautious hopes over a China-U.S trade deal and expectations of another dose of policy stimulus from the Federal Reserve, with safe havens such as gold and yen on the back foot.
Trump, Xi meeting date is still fluid: White House official
U.S. President Donald Trump and Chinese President Xi Jinping are expected to finalize a trade agreement on the sidelines of next month’s Asia-Pacific Economic Cooperation summit in Chile, but the date is still fluid, a White House official said on Tue…
Britain’s Tesco takes on discounters with paid-for loyalty card
Tesco will next week become the first major British supermarket group to offer a subscription customer loyalty scheme, the latest weapon in its fight to stem the market share gains of German-owned discounters.
Wall Street dips at open after mixed earnings reports
Wall Street opened slightly lower on Tuesday as investors assessed a mixed batch of earnings reports, including from Google-parent Alphabet and big drugmakers Merck and Pfizer.
