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Home2018October

Month: October 2018

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Business News

Walmart warns investors it will ‘test a lot and fail a lot;’ cuts profit forecast

October 16, 2018 admin Comments Off on Walmart warns investors it will ‘test a lot and fail a lot;’ cuts profit forecast

Walmart Inc’s chief executive officer on Tuesday urged investors to rethink the company’s business, touting its various tech investments to grow online sales at a time it is battling Amazon.com for market share.

…read more […]

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Business News

U.S. judge approves SEC settlement with Tesla, shares jump

October 16, 2018 admin Comments Off on U.S. judge approves SEC settlement with Tesla, shares jump

A U.S. judge on Tuesday approved a settlement between a federal regulator, Tesla Inc and its chief executive officer, Elon Musk, over his tweets promising to take the company private, signaling an end to a tumultuous period for investors.

…read more […]

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Business News

Tough markets hit BlackRock results; shares slump 4 percent

October 16, 2018 admin Comments Off on Tough markets hit BlackRock results; shares slump 4 percent

BlackRock Inc’s quarterly revenue fell short of Wall Street’s expectations on Tuesday as the world’s biggest asset manager reported its lowest sales of equity, bond and other long-term investments since the second quarter of 2016.

…read more […]

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Business News

U.S. job openings hit record high of 7.14 million

October 16, 2018 admin Comments Off on U.S. job openings hit record high of 7.14 million

U.S. job openings jumped to a record high in August, far outpacing a rise in hiring, suggesting that companies could be increasingly having difficulties finding qualified workers.

…read more […]

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Business News

Sears faces tough foe: an unforgiving bankruptcy code

October 16, 2018 admin Comments Off on Sears faces tough foe: an unforgiving bankruptcy code

When Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, it said it would close another 142 unprofitable Sears and Kmart locations and seek to reorganize around financially healthier stores. It also triggered a “time bomb” that retailers have had a tough time surviving.

…read more […]

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Business News

Wall St. gains after strong earnings from blue-chips

October 16, 2018 admin Comments Off on Wall St. gains after strong earnings from blue-chips

U.S. stocks rose broadly on Tuesday, led by technology and healthcare shares, as upbeat earnings from blue-chip companies helped ease jitters over the impact of the ongoing U.S.-China trade war and other global issues on corporate profits.

…read more […]

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Business News

U.S. judge approves settlement between SEC, Tesla and Musk

October 16, 2018 admin Comments Off on U.S. judge approves settlement between SEC, Tesla and Musk

A U.S. judge on Tuesday approved the settlement between the Securities and Exchange Commission, Tesla Inc and its Chief Executive Officer Elon Musk.

…read more […]

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Business News

Equity trading strength boosts profits at Morgan Stanley, Goldman

October 16, 2018 admin Comments Off on Equity trading strength boosts profits at Morgan Stanley, Goldman

Wall Street’s top investment banks reported better-than-expected quarterly profits on Tuesday, helped by strength in stock trading and equity underwriting, wrapping up what has been a strong quarter for the big U.S. banks.

…read more […]

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Business News

U.S. Judge approves settlement between SEC, Musk

October 16, 2018 admin Comments Off on U.S. Judge approves settlement between SEC, Musk

A U.S. judge on Tuesday approved the settlement between the Securities and Exchange Commission, Tesla Inc and its Chief Executive Officer Elon Musk.

…read more […]

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U.S. industrial output rises, but momentum slowing

October 16, 2018 admin Comments Off on U.S. industrial output rises, but momentum slowing

U.S. industrial production increased for a fourth straight month in September, boosted by gains in manufacturing and mining output, but momentum slowed sharply in the third quarter.

…read more […]

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Business News

Huawei launches new flagship phones in bid to keep No. 2 spot

October 16, 2018 admin Comments Off on Huawei launches new flagship phones in bid to keep No. 2 spot

Huawei [HWT.UL] unveiled new flagship smartphones with novel smart camera and video features on Tuesday, as it seeks to sustain momentum among price-conscious consumers.

…read more […]

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Business News

Wall St. opens higher led by tech stocks

October 16, 2018 admin Comments Off on Wall St. opens higher led by tech stocks

U.S. stocks opened higher on Tuesday, led by technology stocks, as upbeat earnings from blue-chip companies helped ease jitters over the impact of an ongoing U.S.-China trade war and other global issues on corporate profits.

…read more […]

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Business News

VW targets online sales, over-the-air updates in new contract with European dealers

October 16, 2018 admin Comments Off on VW targets online sales, over-the-air updates in new contract with European dealers

Volkswagen will overhaul its dealership and sales organization by April 2020 to enable online sales and over-the-air software updates for its new electric cars, the German automaker said on Tuesday.

…read more […]

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Business News

Wall St. set to rebound on strong results from UnitedHealth, Goldman

October 16, 2018 admin Comments Off on Wall St. set to rebound on strong results from UnitedHealth, Goldman

Wall Street was set to recover on Tuesday as upbeat earnings reports from blue-chip companies helped ease jitters over the impact of an ongoing U.S.-China trade war and other global issues on corporate profits.

…read more […]

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Business News

Wells Fargo to shift EU hub to Paris in Brexit plan

October 16, 2018 admin Comments Off on Wells Fargo to shift EU hub to Paris in Brexit plan

Wells Fargo & Co said on Tuesday it had applied for an investment firm license in France as part of a Brexit strategy that will shift its servicing of European mainland customers out of London.

…read more […]

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