Business News
South Korea's LG Display swings to third-quarter profit on seasonal price boost10/24/2018 12:55:42 AM South Korea's LG Display Co Ltd posted a 76 percent fall in third-quarter profit on Wednesday compared with a year earlier, after two quarters of consecutive losses, helped by higher seasonal panel prices.Asia stocks edge up as Wall St. shows resilience, oil near two-month lows10/24/2018 12:43:39 AM Asian stocks edged up on Wednesday as a late round of buying helped Wall Street indexes pare most of their earlier panic-driven losses, although crude oil struggled near two-month lows after Saudi Arabia flagged possible supply increases.Ford appoints new China CEO to revive falling sales10/24/2018 12:15:24 AM Ford Motor Co said on Wednesday it had appointed a new head of its China operations to help turn around flagging sales in the world's largest auto market and fill a post vacated when the firm's previous China head abruptly stepped down in January.Union Pacific to cut 475 jobs in first wave of planned reductions10/24/2018 12:03:37 AM Railroad operator Union Pacific Corp said on Tuesday it would cut 475 jobs in the fourth quarter and signaled more workforce reductions to come as it seeks to boost profitability by the end of 2020.For Fed, sell-off could point to fading Trump stimulus10/23/2018 11:19:44 PM A three-week stock market sell-off may signal concerns that the massive stimulus from U.S. tax cuts and government spending will fade sooner than expected, a central issue for the Federal Reserve as it considers when to halt interest rate hikes.Wall St. ends down while oil tumbles on demand worries10/23/2018 10:31:18 PM Wall Street indexes fell in Tuesday's volatile session though they had pared losses sharply by the closing bell as investors looked for bargains, but oil dropped sharply on demand worries.Wall St. extends recent fall but ends well off day's lows10/23/2018 10:29:41 PM U.S. stocks fell on Tuesday after worries about the earnings outlook added to recent selling pressure, though major indexes ended well off the day's lows as investors snapped up beaten-down shares late in the session.Target's two-day holiday shipping option beats Amazon, Walmart10/23/2018 9:47:45 PM Target Corp, aiming to one-up retail rivals during the upcoming U.S. holiday shopping season, said on Tuesday it was adding more delivery and pickup options for online shoppers to have items shipped to their homes or ready for quick pick-up at local stores.Tesla critic Citron makes U-turn ahead of results10/23/2018 9:39:16 PM Tesla Inc shares jumped more than 12 percent on Tuesday after long-time critic and short-seller Citron Research said it had a change of heart and is now betting the electric automaker's stock will rise.Caterpillar tries to allay earnings concerns after shares tank10/23/2018 9:25:11 PM Caterpillar Inc tried on Tuesday to ease mounting concerns about China and global demand after it affirmed its 2018 profit estimate, a move that investors feared signaled a cap in earnings growth and sparked a sell-off in its shares.Saudi crown prince proclaims investment conference despite boycott10/23/2018 8:58:48 PM Saudi Arabia's crown prince trumpeted on Tuesday a conference that has drawn investment deals worth $50 billion despite a boycott over the killing of journalist Jamal Khashoggi, declaring the event as "great - more people more money".DoJ probing AmEx's foreign exchange international payments unit10/23/2018 8:56:34 PM American Express Co has received subpoenas from the U.S. Department of Justice and inquiries from other federal agencies related to its foreign exchange international payments business, the credit card issuer said on Tuesday.Tariffs begin to take bite out of U.S. corporate earnings growth10/23/2018 8:45:42 PM U.S. company earnings growth is slowing after a bumper start to the year, and the reality of an escalating trade war between two of the world's largest economies is starting to weigh on companies ranging from Caterpillar Inc to Ford Motor Co.Texas Instruments forecasts lower-than-expected profit, shares fall10/23/2018 8:31:53 PM Texas Instruments Inc posted smaller-than-expected quarterly revenue on Tuesday and forecast current quarter sales and profit below analysts' estimates as the chipmaker wrestled with slowing demand for its products.Mood is subdued at Saudi forum under shadow of Khashoggi death10/23/2018 8:15:39 PM When the world's business elite gathered last year for Saudi Arabia's top investment forum, Crown Prince Mohammed bin Salman dazzled them with plans to build a $500 billion mega-city.SoftBank's Son cancels Saudi conference speech: sources10/23/2018 8:15:39 PM SoftBank Group Corp Chief Executive Masayoshi Son, whose $93 billion Vision Fund drew nearly half its money from Saudi Arabia, canceled a speaking engagement at the kingdom's investment conference this week, two people familiar with the matter told Reuters.Saudi Arabia reassures on oil supply, says will meet demand10/23/2018 8:15:39 PM Saudi Arabia said on Tuesday it would continue to meet customer demand for crude despite looming U.S. sanctions that are expected to reduce oil exports from Iran.Saudi Aramco to sign 15 deals worth more than $30 billion: state TV10/23/2018 8:15:39 PM Oil giant Saudi Aramco will sign 15 deals worth more than $30 billion, said Saudi state-owned TV Ekhbariya.This week's earnings shine spotlight on China growth risk10/23/2018 8:10:33 PM (This version of the Oct. 22 story corrects paragraph 7 and 8 to remove reference that Wynn Resorts reports this Wednesday and add that company has not provided a date for its quarterly report. It also corrects the second paragraph to remove reference to Wynn.)Netflix adds to growing debt pile with $2 billion bond issue10/23/2018 8:06:14 PM (This version of the Oct. 22 story corrects to say new debt will be senior unsecured notes and removes reference to their priority over other debt in the penultimate paragraph)