Delta profit beats on strong demand, higher ticket prices
Delta Air Lines reported a third-quarter profit that beat analysts’ estimates on Thursday as a strengthening U.S. economy spurred demand for air travel, helping the airline raise ticket prices.
Foxconn’s Sept revenue jumps, buoys hopes for solid sales at Apple
Taiwan’s Foxconn, a key Apple Inc supplier, reported a 30 percent jump in September revenue on Thursday, boosting expectations for solid product sales for the American tech giant even as U.S.-China trade war escalates.
IMF chief defends Powell after Trump says Fed has ‘gone crazy’: CNBC
International Monetary Fund Managing Director Christine Lagarde said she “would not associate” Federal Reserve Chairman Jerome Powell “with craziness” after U.S. President Donald Trump commented that the central bank, which has been raising U.S. intere…
Competition watchdog to study British Airways alliance
Britain’s competition watchdog will investigate a partnership between British Airways and other airlines on transatlantic routes ahead of the 2020 expiry of a previous deal, the regulator said on Thursday.
SEC, Tesla support approval of settlement
The U.S. Securities and Exchange Commission, Tesla Inc and Chief Executive Officer Elon Musk submitted a joint filing late on Wednesday in support of a settlement, saying the terms were in the best interest of investors.
Apple gets critical iPhone technology in $600 million Dialog deal
Apple Inc is taking control over the power-management technology at the heart of its iPhones in a $600 million deal with Dialog Semiconductor that also secures the German-listed company’s role as a supplier to the U.S. tech giant.
Stocks sell-off slams back into Europe
European stocks slumped to a more than an 18-month low on Thursday after Wall Street’s worst losses in eight months triggered a surge of global selling that knocked over Asia too.
BMW to gain control of China venture in ‘new era’ for foreign carmakers
Germany’s BMW said it will take control of its main China joint venture for 3.6 billion euros ($4.2 billion), the first such move by a global carmaker as Beijing starts to relax ownership rules for the world’s biggest auto market.
Exclusive: Reverse gear – China car dealers push for tax cut as auto growth stalls
China’s top auto dealers’ association has asked the government to halve taxes on car purchases to revive faltering sales, sources said, as worries grow the country’s auto market could shrink this year for the first time in decades.
Steinhoff’s shares plunge after global rout, report on retailer’s ex-CEO
Steinhoff’s shares fell more than 9 percent on Thursday to a near two-month low after a global market rout and a report by Bloomberg saying the retailer’s former CEO advised friends to sell the firm’s stock days before the shares collapsed.
