MasterCard: 3rd quarter earnings snapshot
PURCHASE, N.Y. — MasterCard Inc. today reported third-quarter net income of $1.51 billion. On a per-share basis, the company said it had profit of $1.51….
AP Wire
UPS: 3rd quarter earnings snapshot
ATLANTA (AP) — United Parcel Service Inc. today reported third-quarter net income of $1.96 billion. On a per-share basis, the company said it had profit…
As world goes online in pandemic, another mammoth chip deal
SAN JOSE, Calif. — Advanced Micro Devices is buying Xilinx for $35 billion in an all-stock deal that will combine the two Silicon Valley chip…
BP reports 3rd quarter earnings plunge amid falling demand
LONDON — BP plc says third-quarter earnings plunged 96% as the COVID-19 pandemic reduced energy prices and demand. The London-based oil company said today that…
Trump trade policy: 4 years of high drama. Limited results.
WASHINGTON — President Donald Trump spent four years upending seven decades of American trade policy. In what became his defining economic act, Trump launched a…
U.S. consumer confidence dips slightly in October to 100.9
SILVER SPRING, Md. — U.S. consumer confidence dipped slightly in October as a new wave of coronavirus cases began across the country. The Conference Board…
Wall Street steadies itself a day after worst loss in weeks
NEW YORK — U.S. stocks are drifting today, as momentum slows a day after Wall Street slumped to its worst loss in a month on…
Report: U.S. home prices up 5.2% in August
WASHINGTON — U.S. home prices posted a robust gain in August — another sign that the American housing market remains strong despite economic fallout from…
As pandemic depresses demand, Caterpillar muscles through 3rd quarter
Caterpillar’s sales fell 23% in the third quarter as the pandemic throttled demand for construction equipment and a trade war with China continues to create…
Strong sales of drugs, vaccines, propel Merck in 3rd quarter
KENILWORTH, N.J. — Drugmaker Merck boosted its third-quarter profit by 55% and blew past Wall Street expectations, due to slightly higher sales, restrained spending and…