Alibaba sales beat estimates on ‘outstanding’ quarter, raises forecast
BEIJING (Reuters) – Alibaba Group Holding Ltd hailed an “outstanding quarter” on Thursday and raised its outlook for the year after beating forecasts with a 61 percent revenue rise driven by strong growth in online sales.
Wall Street opens flat ahead of tax bill, Fed chair pick
(Reuters) – Wall Street opened flat on Thursday as investors braced for the unveiling of a long-awaited tax bill and President Donald Trump’s decision on the next Federal Reserve chair.
U.S. jobless claims near 44-1/2-year low; productivity accelerates
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell to a near 44-1/2-year low last week, supporting expectations of a sharp rebound in job growth in October after employment was depressed by hurricane-related disruption…
Chesapeake sees flat-to-modest production growth in 2018
(Reuters) – Oil and gas producer Chesapeake Energy Corp said on Thursday it expected a flat-to-modest production growth in 2018 and plans to invest less capital, sending its shares down 3.8 percent in premarket trading.
Alibaba delivers ‘outstanding quarter’ on e-commerce growth
BEIJING (Reuters) – Alibaba Group Holding Ltd hailed an “outstanding quarter” on Thursday as the Chinese firm beat forecasts with a 61 percent revenue rise driven by continuing e-commerce growth.
U.S. third-quarter productivity fastest in three years
WASHINGTON (Reuters) – U.S. worker productivity increased at its fastest pace in three years in the third quarter, holding down labor costs, but the trend in productivity growth remained moderate.
Bombardier scales back CSeries jet deliveries, improves earnings
(Reuters) – Bombardier Inc scaled back CSeries jet deliveries by around a third because of engine delays, but reported improved earnings and a quarterly loss in line with analyst estimates.
Bank of England hikes rates for first time in a decade, sees only gentle rises ahead
LONDON (Reuters) – The Bank of England raised interest rates for the first time in more than 10 years on Thursday and said it expected only “very gradual” further increases over the next three years.
Ralph Lauren’s quarterly revenue slips past estimates
(Reuters) – Ralph Lauren Corp’s quarterly revenue on Thursday edged past Wall Street estimates, as it sold more full-price apparel and saw higher demand in the United Kingdom.
Pizza Hut same-restaurant sales growth help Yum Brands beat Street
(Reuters) – Pizza Hut broke a five-quarter streak of declining sales, helping owner Yum Brands Inc report profit and revenue for the third quarter above Wall Street expectations on Thursday.
