Daimler’s diesel troubles trigger new profit warning
German carmaker Daimler AG said its operating profit would fall by over 10 percent this year, its second earnings warning since June, blaming “government proceedings and measures in various regions” as a crackdown on diesel emissions takes a toll.
Schlumberger reports slight profit beat, warns of sluggish U.S. growth
Schlumberger NV , the world’s largest oilfield services provider, reported a slight profit beat on Friday but cautioned that North American growth would slow due to transportation bottlenecks and hurt results next quarter.
Strong corporate earnings power rebound on Wall St
U.S. stocks rose broadly on Friday, as a raft of strong corporate earnings helped allay concerns over growth risks in Europe and political tensions in Saudi Arabia that drove a 1 percent drop a day earlier.
U.S. existing home sales fall for sixth straight month
U.S. home sales fell in September by the most in over two years as the housing market continued to struggle despite strength across the broader economy.
Honeywell says tariff-related costs to weigh on margins in 2019
Honeywell International Inc said on Friday costs related to trade tariffs could put pressure on margins in 2019.
Europe urges China to open up at Asia summit
European governments pressed China on Friday to allow greater foreign investment in its economy, using a two-day summit with Asian leaders to push back against U.S. protectionism but facing familiar resistance from Beijing over state subsidies.
Dell to take $21.7 billion tracking stock offer to December vote: sources
Dell Technologies Inc will ask holders of “tracking stock” tied to its software company VMware Inc to vote on its $21.7 billion cash-and-stock offer to buy it back from them on Dec. 11, according to people familiar with the matter.
EU Commission approves Microsoft’s acquisition of Github
The European Commission approved on Friday the acquisition of software development tool maker GitHub by software giant Microsoft without conditions saying the purchase would not damage competition in the sector.
Product demand helps Procter & Gamble beat profit, sales estimates
Procter & Gamble Co reported first-quarter profit that beat estimates and sales that unexpectedly rose on Friday, thanks to robust demand for its beauty and cleaning products, helping it stave off rivalry from cheaper store-branded products.
Wall Street set to rebound on strong earnings
U.S. stocks were set to open higher on Friday as a handful of major U.S. companies posted strong results, helping to relieve concerns about political and growth risks in Europe and Saudi Arabia that drove a 1 percent fall a day earlier.
