Anthem Inc reported quarterly profit that beat Wall Street estimates on Wednesday, helped by lower costs at its commercial insurance business and the company raised its full-year adjusted earnings forecast.
General Motors Co on Wednesday posted far stronger-than-expected quarterly profit and said its full-year earnings forecast would come in at the high end of its forecast due to strong demand in North America.
Gridlock, Blue Sweep or Red Repeat? Wall Street is closely watching the U.S. midterm Congressional elections next week, as policy decisions that could sway the economy, corporate decision-making and consumer spending hinge on the results.
SoftBank Group Corp has hired a Time Warner executive and former lawyer in the Clinton administration to spearhead its global communications strategy as the company transforms into one of the world’s largest technology investors.
Alternative asset manager Carlyle Group LP on Wednesday missed estimates for earnings per unit for the third quarter, as the value of its private equity investments rose less than that one of its key rivals.
Faraday Future co-founder Nick Sampson has quit his executive post at the Chinese electric vehicle developer, the latest blow to the troubled company that said it was experiencing “extraordinary financial hardship.”
Siemens went back to its roots on Wednesday when it announced an investment of up to 600 million euros ($681 million) in Berlin to make part of the German capital into an industrial and technology hub.
Ford Motor Co and Baidu Inc launched a two-year project on Wednesday to test self-driving vehicles on Chinese roads, amid a global race by carmakers and internet firms to develop autonomous vehicle technology.
Asian stocks clawed up from 20-month lows on Wednesday amid pledges by China to support its markets, but investor confidence was brittle after equity markets bled trillions of dollars in a grim October.