MetLife operating income falls, authorizes $2 billion buyback
(Reuters) – MetLife Inc reported a 13.8 percent fall in quarterly operating income on Wednesday, hurt by a charge related to the spin off of its U.S. retail business, Brighthouse Financial, and the insurer authorized a $2 billion share buyback plan.
Tesla stock falls on Model 3 delays, biggest-ever quarterly loss
SAN FRANCISCO (Reuters) – Tesla Inc on Wednesday pushed back its target for volume production on its new Model 3 sedan by about three months, saying it was difficult to predict how long it would take to fix all production bottlenecks.
Fed keeps rates unchanged, remains on road to December hike
WASHINGTON (Reuters) – The Federal Reserve kept interest rates unchanged on Wednesday and pointed to solid U.S. economic growth and a strengthening labor market while playing down the impact of recent hurricanes, a sign it is on track to lift borrowing…
Kraft Heinz misses sales estimates as U.S. demand weakens
(Reuters) – Kraft Heinz Co marginally missed Wall Street sales estimates in the third quarter and warned it would be hampered in the fourth by many U.S. consumers working through emergency hurricane stores of its tinned goods.
Facebook profit soars, no sign of impact from Russia issue
(Reuters) – Facebook Inc reported better-than-expected quarterly profit and revenue on Wednesday as it pushed further into video advertising, showing no sign of financial damage from the controversy over how Russia used the social network in an attemp…
Tesla delays Model 3 volume production amid biggest-ever quarterly loss
SAN FRANCISCO (Reuters) – Tesla Inc on Wednesday pushed back its target for volume production on its new Model 3 sedan by about three months, saying that while progress fixing bottlenecks was made, it was difficult to predict how long it would take fo…
Snapdragon chips demand helps Qualcomm top estimates
(Reuters) – Smartphone chipmaker Qualcomm Inc reported a better-than-expected profit and revenue for the fourth quarter, boosted by demand for its Snapdragon mobile chips.
Wall St. edges higher after Fed holds steady on rates
(Reuters) – Wall Street posted modest gains on Wednesday after the U.S. Federal Reserve kept interest rates unchanged and gave encouraging comments about the economy.
Ackman makes new bet against Herbalife with options
(Reuters) – William Ackman said on Wednesday he has bought options to sell shares of Herbalife Ltd as a new way to bet against the nutritional supplement company he has described as a pyramid scheme.
Luxury auto brands are scrambling to avoid a blue Christmas
DETROIT (Reuters) – When financial markets surge to new records, sales of luxury cars usually rise, too. Instead, October U.S. auto sales reports on Wednesday showed that a collapse in sales of luxury sedans is accelerating.
