GENERAL MOTORS PROFIT FALLS 14%
GM reported a 14% drop in its 3Q profit but beat analyst
expectations as strength in North America offset weaker results in
other regions. Earnings equaled $1.47 billion. Excluding items, EPS
was 97c, beating the 95c analysts expected. Shares rose 3%
premarket.
COMCAST PROFIT RISES 50%
Comcast's 3Q profit rose 50% to $2.59 billion, or 99c a share,
as it benefited from a one-time income-tax adjustment and a boost
in earnings at its NBCUniversal entertainment arm. Revenue
increased 4% to $16.79 billion.
CATERPILLAR'S RESULTS STRONG; RAISES OUTLOOK
Caterpillar posted stronger-than-expected results for its 3Q and
raised its profit outlook for the year. Caterpillar posted a profit
of $1.02 billion, or $1.63 a share, on revenue of $13.55 billion.
Shares rose 4% premarket.
AIRLINES POST STRONG PROFITS; OUTLOOKS BULLISH
Several U.S. airlines posted stronger third-quarter profits and
expressed bullish sentiments for the fourth quarter, based on
falling fuel prices, strong holiday bookings, domestic capacity
discipline and a slight easing of Ebola jitters.
CREDIT SUISSE PROFIT BEATS MARKET EXPECTATIONS
Credit Suisse Group reported third-quarter net profit of $1.07
billion, a performance that was ahead of analysts' expectations.
The Swiss bank's net revenue was $6.85 billion, also ahead of
market expectations.
TESCO CHAIRMAN TO STEP DOWN
U.K. retailer Tesco said Chairman Richard Broadbent would step
down as it revealed the accounting practices that led to an
overstatement of its profit had also occurred in prior periods.
APPLE PLANS TO OPEN MORE STORES IN CHINA
Apple plans to increase the number of its Apple-brand retail
stores in Greater China to 40 from 15 within two years, Chief
Executive Tim Cook said.
NOKIA OUTLOOK BULLISH AS IT SWINGS TO PROFIT
Nokia's quarterly earnings gave ample evidence that the
company's main network unit has moved well beyond several years of
painful restructuring.
JANUS PROFIT RISES 25%
Bond kingpin Bill Gross's new home, Janus Capital Group, posted
a profit of $40.9 million, or 22c a share, as its revenue and
assets under management in the most-recent quarter grew compared
with last year's period.
3M PROFIT INCREASES 6% ON STRONG SALES GROWTH
3M posted a profit of $1.3 billion, or $1.98 a share, driven by
sales growth of items including water purification systems and
industrial adhesives and tapes. Revenue increased 2.8% to $8.14
billion.
UNION PACIFIC PROFIT RISES 19%
Union Pacific reported a profit of $1.37 billion, or $1.53 a
share, benefiting from rail freight that has buoyed the sector, as
well as core pricing increases. Revenue increased 11% to $6.18
billion.
RIO TINTO EXTENDS CEO, CFO TENURE
Rio Tinto extended the tenure of chief executive Sam Walsh and
chief financial officer Chris Lynch, eliminating a layer of
uncertainty at Rio Tinto after the company recently became a
takeover target of Glencore PLC.
RAYTHEON 3Q PROFIT RISES 5%
Raytheon reported a forecast-beating 5% rise in quarterly
profits and lifted its 2014 guidance, completing a clean sweep of
outperformance by the top five U.S. defense contractors.
UNILEVER SALES GROWTH SLOWS
Unilever warned of a tough outlook and struck a gloomy tone
after reporting worsening sales, raising fears of a broad economic
slowdown across emerging markets.
GREAT WALL MOTOR PROFIT SLIDES
The maker of China's top-selling sport-utility vehicle is
suffering from falling profits and sales amid product delays and
the country's softening car market.
DAIMLER PROFIT SOARS ON ROBUST DEMAND
German auto maker Daimler reported a sharp increase in
third-quarter earnings on strong demand for its flagship S-Class
sedans and robust growth in Europe, Asia and the U.S.
HYUNDAI MOTOR PROFITS DOWN
Hyundai Motor's third-quarter net profit fell 28%, hurt by a
stronger local currency, work stoppages by unionized employees and
weak local sales of its new flagship Sonata sedan.
FOXCONN IN TALKS FOR CHINA PLANT INVESTMENT
Foxconn, the company that assembles the bulk of the world's
iPhones, is in preliminary talks to build a factory in northern
China that would make high-end screens for the phones as well.