Raytheon beats profit estimates, raises full-year forecast
Defense contractor Raytheon Co beat analysts’ estimates for third-quarter profit on Thursday and raised its full-year forecast, helped by sales of Patriot missile defense systems and cybersecurity services.
Twitter ad sales surge in third quarter, shares jump
Twitter Inc posted revenue and profit ahead of Wall Street estimates on Thursday, as higher advertising sales offset a drop in monthly users to push the company’s shares up nearly 12 percent before the opening bell.
ConocoPhillips tops profit estimates, raises 2018 spending
ConocoPhillips beat analysts’ estimates for profit in the third quarter, as the world’s largest independent oil and gas producer benefited from higher oil prices and a program of asset sales and technology-driven cost cuts.
U.S. dairy farmers get little help from Canada trade deal
Minnesota farmer Paul Fritsche can no longer afford health insurance as he struggles to sustain a dairy farm that has been in his family for nearly a century.
UBS signs U.S. deal with Broadridge for cost-sharing wealth technology
UBS Group AG’s Wealth Management Americas unit said on Thursday it will roll out a new software platform to its U.S.-based financial advisers and staff that will allow the Swiss bank to split some tech costs with other firms.
KKR posts second-highest distributable earnings in its history for third quarter
Private equity firm KKR & Co LP reported its second-highest distributable earnings in its history on Thursday, as its third-quarter earnings were buoyed by the sale of the divestment of its stake in payments processor First Data Corp and the sale of Finish healthcare company Mehilainen.
Hyundai Motor posts big profit miss on U.S. recalls; shares dive
Hyundai Motor Co’s third-quarter net profit plunged by a shocking two-thirds, hit by a $440 million one-off charge related to U.S. recalls and sending its shares tumbling to near nine-year-lows on Thursday.
Comcast adds more internet subscribers, beats profit forecasts
Comcast Corp’s quarterly profit and revenue topped Wall Street estimates on Thursday as it attracted more customers to its high-speed internet connections, offsetting a drop in cable TV subscribers that was also less severe than expected.
Saudi says companies ‘apologized’ for missing investment conference
Energy Minister Khalid Al-Falih said on Thursday that companies that pulled out of the Future Investment Initiative conference in Riyadh had apologized for missing the event.
Saudi says it will offer series of privatization deals by March
Saudi Arabia will offer international investors the chance to invest in a raft of privatization deals from grains to healthcare and water desalination over the next six months, Economy Minister Mohammed al-Tuwaijri said on Thursday.
