Ride-hailing companies Uber, Lyft won’t testify before Congress
Uber Technologies Inc and Lyft Inc declined to appear on Wednesday at a U.S. House of Representatives hearing on issues relating to the ride-hailing industry, a congressional committee said.
Abbott Labs trims profit forecast after revenue miss
Medical device maker Abbott Laboratories fell just short of Wall Street estimates for quarterly revenue on Wednesday and trimmed the upper end of its full-year earnings forecast.
Hong Kong nerves keep Wall Street on edge
Wall Street inched lower on Wednesday as a congressional bill related to the Hong Kong protests stoked fears of more friction with China, even as another batch of positive earnings reports underscored a solid start to third quarter results.
Airbus sold 10 A321neo jets to Chile’s Sky Airline: sources
Airbus has sold 10 A321neo aircraft to Chilean budget carrier Sky Airline, two industry sources said.
Weak U.S. retail sales cast gloom over 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.
Bulgaria ready to sweeten its bid to win Volkswagen plant: lobby group
Bulgaria is ready to offer more incentives to Volkswagen to build a new plant in the country after the carmaker postponed a decision on building it in Turkey amid criticism of Ankara’s offensive in Syria.
Turkey’s Halkbank dismisses U.S. charges, Erdogan calls them ‘ugly’
Turkey’s Halkbank said on Wednesday that U.S. charges against it amount to an escalation of Washington’s sanctions on Ankara over its military incursion in Syria, while President Tayyip Erdogan called them an “unlawful, ugly” step.
Huawei unveils new 5G antennae ahead of China ramp
Huawei Technologies on Wednesday launched a new generation of 5G mobile antennae, anticipating an acceleration in the pace of network upgrades led by the three operators in its vast Chinese home market.
Abbott Labs misses revenue estimates, trims profit forecast
Medical device maker Abbott Laboratories reported quarterly revenue that fell just short of Wall Street estimates and trimmed the upper end of its full-year earnings forecast on Wednesday, sending its shares down 2%.
Advisory fees, lending power Bank of America beat
Bank of America Corp beat Wall Street estimates for quarterly profit as it earned more in advisory fees and grew its loan book, easing concerns that lower interest rates would crimp growth at the second-largest U.S. bank.
