American Airlines’ profit margin forecast helps shares up
American Airlines shares rose 4 percent on Thursday after the company said its profit margin for the current quarter would be higher than most on Wall Street expected, helped by a dip in fuel costs from their recent spike.
Merck, Bristol-Myers profits rise on cancer drug sales
Merck & Co Inc and Bristol-Myers Squibb Co posted better-than-expected third quarter profit and raised their 2018 earnings forecasts on Thursday due to strong demand for their rival cancer immuno-oncology treatments.
Wall Street rises as technology stocks gain
U.S. stocks gained on Thursday, as strong corporate earnings, including from software company Microsoft and automaker Ford, helped ease nerves following a steep selloff in the prior session that sent the Nasdaq into correction territory.
Tesla third-quarter profit quiets critics, shares surge
Tesla Inc shares jumped on Thursday as Wall Street analysts said the company had turned a corner with profitable third quarter results and might not now need to raise outside capital.
PPG Industries backs CEO after shareholder Trian calls for his ouster
Paints and coatings maker PPG Industries said its board unanimously backed Michael McGarry as Chairman and CEO, in response to Nelson Peltz-owned Trian Fund Management’s call for his ouster.
AB InBev told Indian authorities about cartel, triggering anti-trust probe
An Indian anti-trust probe into beer price-fixing allegations was initiated after the world’s largest brewer Anheuser-Busch InBev told the authorities last year it had detected an industry cartel, three people familiar with the matter told Reuters.
Oil prices recover after stock markets plunge
Oil prices stabilized on Thursday, bouncing back from an early sell-off after Asian and European stock markets plunged in the wake of Wall Street’s biggest daily decline since 2011.
Wall Street looks to break six-day slump, Europe halts rot
European and U.S. futures 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.
Twitter ad sales surge, shares rise 11 percent
Twitter Inc easily beat Wall Street’s revenue and profit estimates on Thursday, pushing its shares up 11 percent before the opening bell, as higher ad sales offset a drop in monthly users as the site removed accounts suspected of abuse.
U.S. business spending on equipment slowing; goods trade deficit rises
New orders for key U.S.-made capital goods fell for a second straight month in September and the goods trade deficit increased further amid rising imports, suggesting economic growth moderated in the third quarter.
