News Archive for Oct 22, 2019

UBS said it would weather tougher banking conditions by tightening up the focus of its investment bank and charging large clients for deposits, as it posted a fall in third-quarter profit.

SoftBank has reached a deal to take control of WeWork. Adam Neumann will step down from the WeWork Board

Harley-Davidson said its profit fell for its third quarter as the company reported weaker sales, but posted results ahead of Wall Street estimates.

U.S. traffic fatalities fell for a second consecutive year in 2018, a decline federal safety regulators attribute to auto makers outfitting more new vehicles with safety technologies that better protect when accidents occur.

McDonald’s same-store sales grew at 5.9% in the third quarter, topping analyst expectations, as the burger chain reached for deals and price increases to boost sales.

Several decades ago, “odd lot” trades of fewer than 100 shares were an insignificant part of U.S. stock trading. Now nearly half of all trades are in odd-lot sizes.

The hard-bitten city of Washington has fallen in love with the Nationals, writes Gerald F. Seib.

Procter & Gamble said sales rose across all of its business lines in its latest quarter, as consumers continued to pay higher prices for household goods despite slower global growth and worries about tariffs.

U.S. stock futures and equities across Europe were mostly flat as investors turned their attention to the health of major corporations reporting third-quarter earnings while awaiting further developments on Brexit.

Kevin Plank, the founder and chief executive of Under Armour, is stepping down as CEO, leaving the task of turning around the sportswear maker to one of his lieutenants.

The resignation of the boss of a U.K. medical device company over pay highlights the growing gap between American and European executive salaries. Now institutional investors are beginning to push back on fat U.S. paychecks.

United Technologies raised its profit outlook for the year as it recorded higher quarterly earnings and revenue.

United Parcel Service said stronger demand for next-day air shipping in the U.S. boosted results in the third quarter, as profit topped expectations.

Travelers Cos.’ earnings fell in the third quarter as the insurance company added to its reserves due to an increase in claims payments for lawsuits and jury awards.

Investors have been slow to embrace a new tax break meant to spur economic growth in distressed communities, leaving the amount of money raised for these programs well short of fund managers’ lofty expectations.

UBS beat market expectations for its third-quarter profit but the bank has work to do to prepare for the clouds gathering on the horizon.

Almost every measure other than the S&P 500 suggests a bear market started last year. And dig into the S&P and it is sending a deeply downbeat message, too.

The social-media platform operator is set to post results after market-close Tuesday. Analysts expect it to post a narrower quarterly loss and higher revenue compared with a year earlier. Here’s what else to watch.

Marriott International Inc. mostly got out of the real-estate business many years ago, but the big hotel operator still buys properties when it sees an opportunity or senses a threat.

WeWork went on a leasing binge before its botched IPO. That could turn into a billion-dollar problem as the shared-office-space company tries to cut costs.

Europe’s newest tech-investment giant made its first big move, launching $6.3 billion offer for Just Eat and raising the pressure on the global food-delivery ambitions of the likes of Amazon and Uber.

Novartis reported a strong launch for its new gene therapy Zolgensma—the world’s most expensive drug—overcoming concerns about whether insurers would cover the treatment.

An array of business challenges are hitting low-rated companies across the U.S. economy, driving selling in the bottom tier of the corporate-debt market.

Hong Kong’s attachment to Western-style values has drawn Beijing into a political crisis, but the city is a valuable gateway between China and the global financial system.

Japan’s Emperor Naruhito—who assumed the role in May following his 85-year-old father’s abdication—proclaimed his accession to the throne Tuesday, accompanied by shouts of ‘banzai’ and a 21-gun salute.

Coming soon to a podcast near you: superhero stories. Disney’s Marvel Entertainment will create exclusive podcasts for Sirius XM Holdings’ satellite radio and streaming services, including Pandora.

McDonald’s, Novartis, Halliburton, UPS, Facebook are some of the companies expected to trade actively in Tuesday’s session.

The technology stock board, designed as a source of capital for the country’s most promising young firms, suffers from the same flaws as its predecessors.

Rio Tinto thinks it can become the biggest producer of lithium in the U.S. by processing piles of waste rock containing stores of the mineral that powers the world’s electric-vehicle fleet.

Canadian Prime Minister Justin Trudeau won re-election, overcoming recent scandals to defeat his conservative rival.

Emperor Naruhito proclaimed his accession to the throne, accompanied by three shouts of “banzai”—a wish for a long life—and a 21-gun salute.

Shari Redstone said the combination of Viacom and CBS, the companies that make up her family’s media empire, will create a content giant that can compete with larger industry rivals.

Facebook doesn’t want to censor paid content from politicians based on accuracy but it would draw the line at political ads if they encourage violence, Chief Technology Officer Mike Schroepfer said Monday.

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What’s News: Business & Finance

Pepper...and Salt

President Recep Tayyip Erdogan met with his Russian counterpart to discuss dividing influence in Syria as U.S. troops pull out and a five-day halt to a Turkish offensive comes to an end.

NBC News Chairman Andy Lack and NBC News President Noah Oppenheim still have the confidence of parent Comcast’s NBCUniversal, which in recent months renewed Mr. Oppenheim’s contract.

Dmytro Firtash says his prosecution by the U.S. is politically motivated and has enlisted Trump allies to fight it, drawing the attention of House impeachment investigators.

Early Canadian election results suggest Prime Minister Justin Trudeau’s Liberal Party lost ground but retained the bulk of its support in Atlantic Canada, giving the Liberals an edge over their Conservative rivals.