U.S. consumer prices rise on strong gains in gasoline, rents
WASHINGTON (Reuters) – U.S. consumer prices rose in September as the cost of gasoline and rents surged, suggesting a steady build-up of inflation pressures that could keep the Federal Reserve on track to raise interest rates in December.
Growth in low-fee products helps boost BlackRock profits
NEW YORK (Reuters) – BlackRock Inc , the world’s largest asset manager, reported a better-than-expected quarterly profit on Tuesday, showing resilience in what has been a punishing market for many asset managers’ earnings.
Domino’s revenue jumps more than expected
(Reuters) – Domino’s Pizza Inc on Tuesday reported a bigger-than-expected 17 percent jump in quarterly revenue as its U.S. division overcame intense competition that is taking a bite out of industry sales.
Commodity stocks lift global shares, inflation in focus
LONDON (Reuters) – Rising commodity prices pulled shares higher on Tuesday and the dollar slipped from a seven-month high as bond yields fell, while sterling briefly strengthened after data showed UK inflation rose by its most in more than two years la…
FedEx to invest $1.5 billion in France to double capacity at Roissy airport
PARIS (Reuters) – Package delivery company FedEx Corp said on Tuesday it would invest 1.4 billion euros ($1.5 billion) to double the capacity of its logistics activities at Charles de Gaulle International Airport in the Paris suburb of Roissy.
A Texas unicorn preps for a rare oil IPO
(Reuters) – Double Eagle Energy Permian LLC is a unicorn roaming the barren landscape of West Texas.
Netflix subscriptions boom around world, shares jump 20 percent
(This version of the October 17 story corrects reference to past quarters in second paragraph)
LG Chem sees GM selling over 30,000 Bolt electric vehicles next year
SEOUL (Reuters) – South Korea’s LG Chem Ltd , a battery supplier for General Motors Co’s (GM) upcoming Bolt electric vehicles, said on Tuesday it expected the U.S. automaker to sell more than 30,000 of the cars next year.
South Korea prosecutors to charge Lotte Group Chairman Shin: Yonhap
SEOUL (Reuters) – South Korean prosecutors plan to charge Lotte Group chairman Shin Dong-bin, wire service Yonhap reported on Tuesday, in the latest twist to a wide-ranging corruption probe that has convulsed the country’s fifth-largest conglomerate.
United expects low airfares and wage hikes will squeeze profit
(Reuters) – United Continental Holdings Inc on Monday said cheap airfares and higher wages from new contracts will squeeze its results this fall, making it difficult to be as profitable as competitors.
