Alphabet, formerly Google, sets share buyback, shares jump
SAN FRANCISCO (Reuters) – Alphabet Inc, known until recently as Google Inc, introduced its first share buyback and beat Wall Street’s profit forecast on Thursday, sending its stock to its highest-ever level in after-hours trading.
AT&T profit beats Street, raises full-year forecast
(Reuters) – AT&T Inc , long the No. 2 U.S. wireless carrier and since July the world’s biggest pay-TV operator, raised its full-year earnings forecast after reporting a better-than-expected quarterly profit as it added more wireless mobile subscribers.
United Airlines’ acting CEO aims to reassure investors amid strong results
NEW YORK (Reuters) – United Airlines on Thursday tried to dismiss concerns that executive shake-ups have left an amateur team running its business, promising better service for travelers and moderate expansion in 2016 for investors worried about weak d…
U.S. prosecutor abandons insider trading case against SAC’s Steinberg
NEW YORK (Reuters) – The federal prosecutor in Manhattan said on Thursday he would move to dismiss charges against Michael Steinberg, formerly a top portfolio manager at SAC Capital Advisors, and six others who were convicted in an alleged insider trad…
Caterpillar forecasts lower profit, sales in 2016
CHICAGO (Reuters) – Caterpillar Inc on Thursday forecast a drop in 2016 sales and profit as the outlook for global mining, drilling and construction activity remained bleak, and posted lower third-quarter earnings.
Valeant shares continue slide since Citron report
(Reuters) – Valeant Pharmaceuticals Inc’s share slumped for the second straight day on Wednesday, a day after influential shortseller Citron Research said the Canadian drugmaker used specialty pharmacies to create “phantom sales”.
Oil retraces early gains; stockpile worry, dollar weigh
NEW YORK (Reuters) – Oil gave back most of its gains to trade flat on Thursday as worries about high U.S. crude inventories offset early support from a gasoline rally and technical charts calling for higher prices.
McDonald’s stock hits record high as turnaround takes hold
(Reuters) – McDonald’s Corp shares hit an all-time high on Thursday after Chief Executive Steve Easterbrook said a rebound in quarterly restaurant sales showed that his turnaround plan is starting to work.
With Fiat Chrysler pact approved, UAW now eyes GM and Ford
DETROIT (Reuters) – The United Auto Workers union said on Thursday that its members ratified a four-year labor contract with Fiat Chrysler Automobiles NV by an overwhelming majority, after rejecting a previous contract proposal last month.
U.S. housing, jobs data point to fairly strong economy
WASHINGTON (Reuters) – U.S. home resales rebounded strongly in September and new applications for unemployment benefits hovered around 42-year lows last week, pointing at solid domestic fundamentals even as the global economy falters.
