GM contract vote by striking UAW workers heads into final hours
Striking workers at General Motors Co factories in the United States finish voting on Friday on a proposed four-year contract that could end a 40-day strike that has cost the No. 1 U.S. automaker more than $2 billion, according to Wall Street.
Pound down vs dollar after PM calls for election; S&P 500 gains
The British pound fell against the dollar on Thursday after British Prime Minister Boris Johnson’s call for a national election, while global stock markets edged higher.
Intel beats third-quarter estimates, raises full-year revenue forecast
Intel Corp on Thursday beat Wall Street estimates for third-quarter revenue and profit and raised its full-year revenue forecast, easing concerns about slowing chip demand amid the U.S.-China trade war.
CVS pulls all 22 ounce J&J baby powder from stores
Pharmacy retailer CVS Health Corp said on Thursday it is pulling all 22 ounce bottles of Johnson & Johnson’s baby powder from its stores and online to comply with the U.S. healthcare conglomerate’s recall last week of a lot of 22 oz bottles due to possible asbestos contamination.
Visa profit beats estimates on higher customer spending
Visa Inc’s quarterly profit beat analysts’ estimates on Thursday, helped by growth in overall customer spending, which boosted fees for the world’s largest payment processor.
Strong tech results propel S&P 500, Nasdaq
The S&P 500 and the Nasdaq rose on Thursday following strong quarterly reports from several technology companies, including Microsoft Corp , but dour results from 3M Co stymied the Dow Jones Industrial Average.
American, Spirit eye more Mobile deliveries to avoid Airbus tariffs
American Airlines Group and Spirit Airlines executives said on Thursday they were working with Airbus SE to mitigate the impact of U.S. tariffs on European-made aircraft, including having more planes delivered from Mobile, Alabama.
Intel raises full year revenue forecast
Intel Corp raised its full-year revenue forecast on Thursday, easing concerns about a long-drawn slowdown in demand that has also been fueled by the U.S.-China trade war.
Amazon holiday quarter sales forecast falls short of estimates
Amazon.com Inc forecast fourth-quarter revenue below analysts’ estimates on Thursday as the world’s biggest online retailer faces fierce competition from Walmart and other e-commerce players, sending its shares down 7%.
S&P 500, Nasdaq rise on strong tech earnings
The S&P 500 and the Nasdaq rose on Thursday following strong quarterly reports from several technology companies, including Microsoft Corp , but dour results from 3M Co stymied the Dow Jones Industrial Average.
