CSX profit up, beats forecasts as U.S. economy boosts freight
CHICAGO (Reuters) – No. 3 U.S. railroad CSX Corp on Tuesday reported a rise in third-quarter profit, beating forecasts and predicting double-digit growth for 2015 as it moved more freight on its network due to a growing U.S. economy.
Intel gives rosy fourth-quarter revenue forecast as PCs recover
SAN FRANCISCO (Reuters) – Intel Corp gave a current-quarter revenue forecast above expectations and said the supply chain was in good shape ahead of holiday season as demand for personal computers recovered.
Sergio’s challenge: Build Jeep into FCA’s top global brand by 2018
DETROIT/NEW YORK (Reuters) – Auto analysts are skeptical that Sergio Marchionne, the hyperbolic chief executive of Fiat Chrysler Automobiles , can meet his most ambitious goal: to nearly double Jeep’s global sales over the next four years.
CME to cut 5 percent of global workforce to reduce costs
CHICAGO (Reuters) – CME Group Inc plans to cut 5 percent of its global workforce, or about 150 jobs, to reduce costs with most cuts hitting its technology operations, the world’s largest futures exchange operator said on Tuesday.
JPMorgan’s profit misses; posts unexpected $1 billion legal expense
(Reuters) – JPMorgan Chase & Co reported lower-than-estimated third-quarter profit on Tuesday as unexpected legal expenses of $1 billion caught analysts off guard and offset strength in its capital markets and lending businesses.
EU, China have resolved telecoms dispute: EU trade chief
ROME (Reuters) – China and the European Union have found a way to end a long-running dispute over Chinese exports of telecoms equipment, resolving one of the most divisive issues between the major trade partners, the EU’s top trade official said on Tue…
Iliad shares jump after T-Mobile bid scrapped
PARIS (Reuters) – Relieved investors sent shares in French low-cost telecom operator Iliad up nearly 10 percent on Tuesday after it abandoned its effort to buy the fourth-largest U.S. carrier T-Mobile.
J&J beats forecasts, helped by hepatitis drug
(Reuters) – Johnson & Johnson reported strong quarterly earnings on surging sales of a new treatment for hepatitis C, but the company said it had sharply reduced prices for its artificial hips and warned that profits could be hurt next year by the stronger dollar.
Deutsche Telekom to avoid answering any cash calls from T-Mobile US: analysts
FRANKFURT (Reuters) – Deutsche Telekom had already given up on trying to sell its near 67 percent stake in T-Mobile US before upstart French telecoms firm Iliad dropped its bid on Monday and is now looking to avoid having to stump up more funds for the…
Global luxury goods sales growth to stabilize in 2015: Bain
PARIS (Reuters) – Growth in the global luxury goods market will be steady next year at 2014 levels, or around 5 percent at constant exchange rates, with the whole of America and Japan the biggest drivers, consultancy Bain & Co said in a report published on Tuesday.
