GrubHub, Pizza Hut troubles dent Yum profits; shares fall
Yum Brands Inc missed third-quarter profit expectations on Wednesday, hit by a write down in the value of its investment in delivery company GrubHub and...
U.S. economy slows marginally in the third quarter
U.S. economic growth slowed less than expected in the third quarter as declining business investment was offset by resilient consumer spending and a rebound in...
Bayer says U.S. glyphosate plaintiffs more than double since July
Germany’s Bayer is now facing 42,700 U.S. plaintiffs blaming its glyphosate-based weedkillers for their cancer, more than twice the tally in July and potentially raising...
U.S. private sector job growth picks up in October: ADP
U.S. private employers added 125,000 jobs in October, slightly above economists’ expectations, a report by a payrolls processor showed on Wednesday....
Timeline: Fiat Chrysler and Peugeot merger talks mark next round of consolidation
FiatChrysler and France’s Peugeot said they are in talks about a potential tie-up, the latest bout of auto industry consolidation as the costs of developing...
Fiat Chrysler and Peugeot in talks over potential $50 billion tie-up
Talks between Fiat Chrysler and Peugeot owner PSA over a potential tie-up that could create a $50 billion car giant gathered pace on Wednesday, with...
GE raises cash forecast, beats on adjusted EPS, lifting shares
General Electric Co on Wednesday posted a $1.3 billion loss in the third quarter, but on an adjusted basis beat analysts’ profit estimates, helped by...
BP says no decision yet on 2019 dividend hike
BP has yet to decide whether to boost its dividend by the end of the year, it said on Wednesday, after its shares fell sharply...
Carmakers and repair shops clash as automation upends aftermarket
The rapid rise of crash-avoidance technology has set carmakers and repair shops on course for a collision that could determine who controls the $800 billion...
California fire threatens PG&E’s plan to raise $14 billion
A wildfire raging in California threatens to destroy more than homes and businesses – it could also undermine bankrupt PG&E Corp’s plan to raise $14...