Capital One Bank fined $100 million for anti-money laundering weaknesses
A leading bank regulator on Tuesday fined Capital One Bank [COFCO.UL] $100 million for failing to enforce anti-money laundering controls that have been in place for years.
Saudi crown prince proclaims investment conference a success despite boycott
Saudi Arabia’s crown prince trumpeted on Tuesday a conference that has drawn investment deals worth $50 billion despite a boycott over the killing of journalist Jamal Khashoggi, declaring the event as “great – more people more money”.
Wall Street sinks as weak forecasts add to dour mood; Nasdaq nears correction
Wall Street sank on Tuesday, continuing a punishing month for U.S. stocks, as dismal outlook from industrial bellwethers Caterpillar and 3M sparked concerns over corporate growth and added to worries ranging from China’s slowdown to Saudi Arabia’s dipl…
Lockheed Martin profit beats, downplays Saudi exposure
Lockheed Martin Corp , the Pentagon’s No. 1 weapons supplier, on Tuesday posted a better-than-expected rise in quarterly profit, driven by higher production of its F-35 fighter jets, and forecast sales above Wall Street estimates for next year.
UTC confident of Chinese nod for Rockwell deal, reports strong profit
United Technologies Corp soothed investor nerves over Chinese approval for its purchase of aircraft parts maker Rockwell Collins , as it announced a stronger-than-expected quarterly profit on Tuesday.
Lockheed Martin third-quarter profit beats, helped by F-35, lower tax rate
Lockheed Martin Corp , the Pentagon’s No. 1 weapons supplier, on Tuesday posted a better-than-expected rise in quarterly profit, driven by higher production of its F-35 fighter jets, and forecast that sales would top Wall Street estimates for next year…
Wall Street tumbles as weak industrial forecasts add to sour mood
Wall Street sank on Tuesday as disappointing forecasts from industrial bellwethers Caterpillar and 3M triggered alarm bells over corporate growth and added to concerns ranging from China’s slowdown to Saudi Arabia’s diplomatic isolation.
Instant View: Wall Street shares resume tumble
Wall Street stocks tumbled more than 2 percent on Tuesday as disappointing forecasts from industrial bellwethers Caterpillar and 3M piled on to concerns over Saudi Arabia’s diplomatic isolation, Italy’s finances and trade-war fears.
Verizon beats Wall Street estimates, shares hit 18-year high
Verizon Communications Inc reported quarterly profit and net new phone subscribers well ahead of Wall Street estimates on Tuesday, as customers took advantage of its subsidies for Apple Inc’s latest iPhones late in the quarter.
Saudi crown prince proclaims investment conference despite boycott
Saudi Arabia’s crown prince trumpeted on Tuesday a conference that has drawn investment deals worth $50 billion despite a boycott over the killing of journalist Jamal Khashoggi, declaring the event as “great – more people more money”.
