Ford appoints new China CEO to revive falling sales
Ford Motor Co said on Wednesday it had appointed a new head of its China operations to help turn around flagging sales in the world’s largest auto market and fill a post vacated when the firm’s previous China head abruptly stepped down in January.
High panel prices lift South Korea’s LG Display to third-quarter profit
Higher panel prices ahead of the year-end holidays propelled South Korea’s LG Display Co Ltd to a third-quarter profit, although analysts doubt the good times will last.
Union Pacific to cut 475 jobs in first wave of planned reductions
Railroad operator Union Pacific Corp said on Tuesday it would cut 475 jobs in the fourth quarter and signaled more workforce reductions to come as it seeks to boost profitability by the end of 2020.
Target’s two-day holiday shipping option beats Amazon, Walmart
Target Corp, aiming to one-up retail rivals during the upcoming U.S. holiday shopping season, said on Tuesday it was adding more delivery and pickup options for online shoppers to have items shipped to their homes or ready for quick pick-up at local st…
For Fed, sell-off could point to fading Trump stimulus
A three-week stock market sell-off may signal concerns that the massive stimulus from U.S. tax cuts and government spending will fade sooner than expected, a central issue for the Federal Reserve as it considers when to halt interest rate hikes.
Wall St. extends recent fall but ends well off day’s lows
U.S. stocks fell on Tuesday after worries about the earnings outlook added to recent selling pressure, though major indexes ended well off the day’s lows as investors snapped up beaten-down shares late in the session.
DoJ probing AmEx’s foreign exchange international payments unit
American Express Co has received subpoenas from the U.S. Department of Justice and inquiries from other federal agencies related to its foreign exchange international payments business, the credit card issuer said on Tuesday.
Tariffs begin to take bite out of U.S. corporate earnings growth
U.S. company earnings growth is slowing after a bumper start to the year, and the reality of an escalating trade war between two of the world’s largest economies is starting to weigh on companies ranging from Caterpillar Inc to Ford Motor Co.
Target expands delivery, pickup options ahead of U.S. holiday season
Target Corp, aiming to one-up retail rivals during the upcoming U.S. holiday shopping season, said on Tuesday it was adding more delivery and pickup options for online shoppers to have items shipped to their homes or ready for quick pick-up at a local …
Texas Instruments forecasts lower-than-expected profit, shares fall
Texas Instruments Inc posted smaller-than-expected quarterly revenue on Tuesday and forecast current quarter sales and profit below analysts’ estimates as the chipmaker wrestled with slowing demand for its products.
