GM offers buyouts to cut costs after strong quarterly profit
General Motors Co on Wednesday stepped up efforts to cut costs in response to tariff and market pressures, even as it reported third-quarter profit that blew past Wall Street expectations.
Tech rebound, earnings lift mood at end of torrid month
U.S. stocks rose for a second day on Wednesday, as investors snapped up technology favorites and strong results for General Motors and a host of others lifted spirits at the end of a torrid month for global equities.
Carlyle misses earnings forecasts on sluggish private equity portfolio
Carlyle Group LP on Wednesday missed estimates for earnings per unit for the third quarter, as the value of its private equity investments rose less than that of rivals on the back of turbulent markets in Asia.
EU makes new offer to reluctant states on digital tax: document
European Union finance ministers will discuss next week a watered down proposal on an EU-wide digital tax, a document seen by Reuters shows, trying to persuade reticent governments to agree on the plan by the end of the year.
Anthem predicts better 2019 than Wall Street forecast, shares rise
Anthem Inc on Wednesday said its own expectations for 2019 earnings are ahead of current Wall Street estimates and the health insurer also raised its 2018 profit forecast, and its shares rose as much as 5 percent.
Barrick, Randgold sweeten dividend ahead of takeover deal vote
Canada’s Barrick Gold and takeover target Randgold Resources are boosting their dividend payouts ahead of shareholder votes next week on their $6.1 billion deal, the miners said Wednesday.
U.S. Federal Reserve unveils proposal to ease regulations for larger banks
The U.S. Federal Reserve unveiled a proposal on Wednesday that would ease regulations for banks with less than $700 billion in assets, as the central bank looks to tailor rules in line with banks’ risk profiles.
Robust earnings boost equity markets after brutal month
Robust corporate results helped world stock markets surge on Wednesday, bringing some relief to jittery investors after a brutal October sank equities with one of their worst drops since the financial crisis 10 years ago.
Wall Street gets lift from strong earnings at end of rough month
The S&P 500 and the Nasdaq were on track to post their first two-day gain this month on Wednesday, as Facebook led a slew of encouraging earnings reports that boosted sentiment at the end of a tumultuous October for global markets.
Sprint beats revenue and profit forecasts, shares rise
Sprint Corp beat Wall Street’s estimates for quarterly revenue, profit and overall net subscriber additions on Wednesday, driving shares in the No. 4 U.S. wireless carrier 9 percent higher in morning trading.
