IBM beats profit estimates on cloud-computing growth
International Business Machines Corp beat analysts’ estimates for third-quarter profit on Wednesday, benefiting from growth in its high-margin cloud-computing business.
Air Canada drops 737 MAX from flight schedule until February 14
Air Canada said on Wednesday it had removed Boeing Co’s 737 MAX planes from flight schedules until Feb. 14, citing uncertainty around the aircraft’s return to service.
Teva to donate over $15 billion worth of drugs in opioid settlement: source
Teva Pharmaceuticals is in talks to contribute over $15 billion worth of drugs as part of a settlement to resolve lawsuits alleging it helped fuel the U.S. opioid crisis, a source familiar with the matter told Reuters on Wednesday.
Oil rises 1% on hopes OPEC will extend supply cuts, weaker U.S. dollar
Oil rose about 1.4% on Wednesday, gaining support due to signs that OPEC and allied producers will continue to curb supplies in December, a weaker U.S. dollar and as traders covered short positions ahead of an industry report on U.S. crude inventories….
UAW, GM leaders have a deal to end strike, now workers will decide
General Motors Co and the United Auto Workers union reached a tentative agreement on Wednesday for a new four-year labor deal, moving closer to ending a costly month-long strike that shut down GM’s most profitable factories in a test of wills over the …
Weak U.S. retail sales cast shadow over slowing economy
U.S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be spreading to the broader economy, keeping the door open for the Federal Reserve to cut interest rates again later this month.
S&P 500 dips as economic data, trade worries offset upbeat earnings
The benchmark S&P 500 stock index edged lower on Wednesday as weak U.S. economic data and simmering geopolitical tensions spooked buyers away from the equities market, despite a string of generally positive third-quarter corporate earnings reports.
Fiat Chrysler faces $79 million U.S. penalty for fuel economy shortfall
Fiat Chrysler Automobiles NV on Wednesday said it faces a $79 million U.S. civil penalty for failing to meet 2017 fuel economy requirements, as regulators reported more automakers were falling short of U.S. greenhouse gas emissions standards.
Boeing CEO says ‘fully supportive’ of board’s move to split jobs: memo
Boeing Co Chief Executive Dennis Muilenburg told employees he was “fully supportive” of the board’s decision to split his chairman and CEO roles, allowing him to focus on running the world’s largest planemaker, according to a memo seen by Reuters on W…
Let’s do it together: Huawei seeks to allay EU concerns with appeal for 5G partnership
Chinese telecoms manufacturer Huawei Technologies [HWT.UL] sought on Wednesday to assuage European concerns that it is a cyber security risk, saying it wants to help make the continent a world leader in next generation mobile networks.
