Taco Bell, KFC power Yum Brands’ quarterly profit beat
Yum Brands Inc topped Wall Street estimates for third-quarter revenue and profit on Wednesday, as strong sales at its KFC and Taco Bell chains helped counter continued weakness at Pizza Hut.
Honda and GAC Group to build $430 million Chinese plant for new-energy cars
Honda Motor Co’s joint venture with GAC Group will invest 3.27 billion yuan ($469 million) in new-energy vehicle production in China, GAC said in a stock exchange filing on Wednesday.
Yum Brands quarterly revenue beats estimates
Yum Brands Inc’s third-quarter revenue beat Wall Street estimates on Wednesday, as more people visited its KFC and Taco Bell chains.
How the U.S. midterm elections could ripple through markets
Gridlock, Blue Sweep or Red Repeat? Wall Street is closely watching the U.S. midterm Congressional elections next week, as policy decisions that could sway the economy, corporate decision-making and consumer spending hinge on the results.
Anthem quarterly profit beats estimates, raises 2018 forecast
Anthem Inc reported quarterly profit that topped analysts’ estimates on Wednesday on lower medical costs and the No.2 U.S. health insurer raised its full-year adjusted earnings forecast.
SoftBank hires Time Warner executive as global communications head
SoftBank Group Corp has hired a Time Warner executive and former lawyer in the Clinton administration to spearhead its global communications strategy as the company transforms into one of the world’s largest technology investors.
Carlyle reports 25 cents for third-quarter earnings per unit, misses forecast
Alternative asset manager 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 one of its key rivals.
Shares bounce as bulls fight back at end of brutal October
Stock markets bounced higher on Wednesday, bringing some relief after a brutal October in which equities have suffered one of their worst drops in a decade and spooked investor confidence.
Siemens goes back to its roots with 600 million euro Berlin investment
Siemens went back to its Berlin roots on Wednesday as it announced plans to invest up to 600 million euros ($681 million) to create an industrial and technology hub in the German capital.
Ailing EV maker Faraday Future co-founder Nick Sampson quits
Faraday Future co-founder Nick Sampson has quit his executive post at the Chinese electric vehicle developer, the latest blow to the troubled company that said it was experiencing “extraordinary financial hardship.”
