Home / 2018 / October (page 18)

Monthly Archives: October 2018

Best Buy to benefit from Sears bankruptcy, analyst says

Brendan McDermid | Reuters Shoppers at a Best Buy store in Brooklyn, New York. The downfall of Sears may bring a hearty influx of customers to Best Buy and therefore boost its bottom line, according to a report Tuesday by Loop Capital. Sears filed for bankruptcy on Monday morning, an …

Read More »

New bosses at Goldman promise ‘front-to-back’ review of all businesses

Andrew Harrer | Bloomberg | Getty Images David Solomon, co-president and co-chief operating officer of Goldman Sachs Group Inc., gives a thumbs-up during a discussion at the Goldman Sachs 10,000 Small Businesses Summit in Washington, D.C., Goldman Sachs’ new management team is taking a hard look in the mirror. The …

Read More »

Democrats will take on drug prices, guns if they win House

Tom Williams | CQ-Roll Call Group | Getty Images House Minority Leader Nancy Pelosi, D-Calif. The midterm elections are still three weeks away, but House Democrats are preparing for the actions they will take in the majority. House Minority Leader Nancy Pelosi would likely start another stint as speaker if …

Read More »

Audi slapped with a $930 million fine for its diesel cheating scandal

Patrick Pleul | AFP | Getty Images A measuring hose for emissions inspections in diesel engines in the exhaust tube of a Volkswagen Golf 2.0 TDI diesel car. German luxury automaker Audi will pay a fine of roughly $930 million to settle regulatory action in its home country for rigging …

Read More »

Morgan Stanley slashes Netflix price target before earnings

Akio Kon | Bloomberg | Getty Images Reed Hastings, chief executive officer of Netflix Inc. Morgan Stanley cut its 12-month price target for Netflix, citing global trends like the strong dollar and rising interest rates as upping the online streaming service’s expenses. Netflix is expected to report earnings after the …

Read More »

UnitedHealth shares rise after posting a 28% rise in third-quarter profit

UnitedHealth, the largest U.S. health insurer, on Tuesday reported better-than-expected third-quarter earnings and revenue. UnitedHealth earnings rose 28 percent to $3.41 per share. Total revenue rose 12.4 percent to $56.56 billion. Analysts on average had expected earnings of $3.29 per share on revenue of $56.34 billion, according to data from …

Read More »

BlackRock earnings Q3 2018

BlackRock, the largest asset manager in the world, reported better-than-expected earnings for the third quarter on Tuesday as its assets under management grew by 8 percent on a year-over-year basis. The asset-management giant posted adjusted earnings per share of $7.52, while analysts polled by Refinitiv expected a profit of $6.84. …

Read More »

Johnson and Johnson Q3 earnings 2018

Andrew Harrer | Bloomberg | Getty Images A job seeker talks to a Johnson & Johnson job recruiter at a career fair in Washington, D.C. Johnson & Johnson third-quarter earnings and revenue results beat Wall Street’s predictions. Here’s how Johnson & Johnson reported compared with what Wall Street was expecting, …

Read More »

Walmart pairs with Advance Auto Parts to create online specialty auto parts store

Luke Sharrett | Bloomberg | Getty Images Customer vehicles sit parked outside an Advance Auto Parts automotive supply store in La Grange, Kentucky. Walmart on Tuesday announced a 2019 partnership with Advance Auto Parts to create a specialty auto parts store on Walmart.com. It will sell common auto parts and …

Read More »

Trump’s withdrawal from world affairs is causing chaos: ex-NATO chief

Bernd von Jutrczenka | picture alliance | Getty Images Donald Trump at the first work session of the North Atlantic council at the NATO Summit, July 11, 2018.  President Donald Trump’s “America First” approach to foreign policy is not part of the solution when it comes to restoring international order, …

Read More »