Strong results, bargain-hunting help Wall Street bounce back from rout
U.S. stocks gained on Thursday, as Microsoft’s strong earnings helped Nasdaq-listed companies stage a rebound from the tech-heavy index’s worst decline since 2011 in the previous session.
Trian calls for PPG Industries CEO ouster, wants to split company
Activist hedge fund Trian Fund Management said on Thursday that it wants to replace PPG Industries’ chief executive with his predecessor and suggested that the U.S. paints and coatings company be broken up.
Oil recover with stock markets, demand concerns weigh
Oil prices rose on Thursday alongside U.S. stock markets as Wall Street recovered from the worst meltdown since 2011 the previous day, allaying some fears that a slowdown in global economic growth would hit demand for oil.
Wall Street looks to break six-day slump as Europe stops the rot
European and U.S. markets attempted a rebound on Thursday after Wall Street’s worst day since 2011 and heavy losses in Asia gave global stocks another boot towards their worst month since the financial crisis.
Elon Musk’s SpaceX seeks $500 million loan via Goldman: Bloomberg
Elon Musk’s rocket company SpaceX is looking to borrow $500 million in the leveraged loan market through Goldman Sachs, which is leading talks with potential investors this week, Bloomberg reported on Thursday.
Microsoft leads Wall Street fightback from Wednesday’s rout
U.S. stocks rose on Thursday, as strong earnings from Microsoft helped Nasdaq-listed companies stage a rebound from the tech-heavy index’s worst decline since 2011 in the previous session.
U.S. business spending on equipment cooling; goods trade deficit rises
U.S. business spending on equipment appeared to have remained slow in September and the goods trade deficit widened further as rising imports outpaced a rebound in exports, suggesting economic growth moderated in the third quarter.
KKR preps for dealmaking in wake of stock market sell-off
Private equity firm KKR & Co Inc sees the chance to take advantage of the recent U.S. stock market plunge to make acquisitions, co-President and co-Chief Operating Officer Scott Nuttall said on Thursday.
Back to the future: Saudi investor forum saved by old mainstay oil
Saudi Arabia’s investment forum was designed to showcase the kingdom’s new future away from oil, but it was black gold and old allies that rescued this week’s event from the furor over the killing of journalist Jamal Khashoggi.
Twitter shares hit biggest one-day gain as ad sales surge
Twitter Inc shares jumped as much as 22 percent on Thursday, putting them on track for their biggest one-day gain, as the social media company easily beat Wall Street’s revenue and profit estimates by selling more ads even though it lost users after p…
