Shares sapped by tech problems and Brexit snags
World stock markets struggled on Wednesday, as hopes faded that a Brexit deal would be wrapped by next week and a profit warning from Texas Instruments pulled down technology shares.
Eli Lilly misses sales estimates as top-seller Trulicity disappoints
Eli Lilly and Co’s quarterly sales missed Wall Street estimates on Wednesday as the drugmaker offered more discounts or rebates for its top-selling diabetes drug Trulicity, sending shares down 3%.
Some U.S. electronics factories start layoffs as trade tariffs hit
U.S. electronics factories are investing less and slowing hiring or laying off workers in some cases due to the rising costs of trade tariffs, according to an industry survey set for release on Wednesday.
Nasdaq profit beats estimates on strength in data services
U.S. exchange operator Nasdaq Inc beat Wall Street estimates for third-quarter profit on Wednesday, boosted by higher revenue in its units that provide news and other information to traders.
How will Amazon deliver in its second biggest market?
Every half an hour, 50 vans sweep into Amazon’s distribution center in Mannheim, Germany and sweep out again with up to 200 parcels and a precise delivery plan in each.
Factbox: In Germany, competition heats up between two logistics giants
Amazon is not only a major customer of logistics companies like Deutsche Post DHL, FedEx and UPS. It is a growing rival.
Caterpillar profit falls short on weak demand; cuts earnings outlook
Caterpillar Inc fell short of Wall Street estimates for quarterly profit on Wednesday, hit by weak demand in its construction and mining equipment businesses, and the company cut its 2019 profit forecast, sending its shares down 5%.
Samsung updates software to fix fingerprint recognition problem
Samsung Electronics Co Ltd has updated software to fix problems with fingerprint recognition features on its flagship Galaxy S10 and Note 10 smartphones, it said on Wednesday.
Zuckerberg faces grilling on Facebook’s ambitious digital currency plans
Facebook Inc chief executive Mark Zuckerberg will be grilled by lawmakers over the company’s plan to launch a digital currency and efforts to prevent foreign election interference when he appears before a Congressional panel on Wednesday.
Health insurer Anthem profit beats, raises 2019 earnings forecast
Anthem Inc reported a better-than-expected quarterly profit on Wednesday as it benefited from higher sales of its government-backed health plans, prompting the health insurer to raise its full-year profit forecast.
