Burberry hit by weak department stores despite sterling boost
By Paul Sandle for Reuters. British luxury fashion brand Burberry (BRBY.L) reported a drop in first-half sales on Tuesday, hitting its shares as weak demand from…
Business
Ryanair Cuts Forecast Over a Fall in the British Pound
By Reuters for Fortune Magazine. The airline’s new forecast “remains heavily dependent” on the pound not further depreciating. Ryanair cut its annual profit forecast on Tuesday…
U.K. Consumer Prices Rise At Fastest Annual Pace in Nearly Two Years
By WIKTOR SZARY and PAUL HANNON for the Wall Street Journal. LONDON—U.K. consumer prices rose at the fastest annual pace in nearly two years in September, but…
Goldman Sachs Profit Climbs as Trading Revenue Surges
By LIZ HOFFMAN for the Wall Street Journal. Goldman Sachs Group Inc. said its quarterly earnings rose 47% as the firm continues to rebound from a…
Netflix Shares Just Soared 20%
By Reuters for Fortune Magazine. The streaming company reported big gains in one key area. Netflix added over 50% more subscribers than expected in the third…
Johnson & Johnson Again Buoyed by Pharmaceuticals
By ANNE STEELE for the Wall Street Journal. Johnson & Johnson lifted the low end of its guidance and posted better-than-anticipated results in the latest quarter…
Alcoa Misses Estimates as 128-Year-Old Company Bids Goodbye
By Joe Deaux for Bloomberg. Alcoa Inc., the 128-year-old aluminum producer that’s splitting into two companies next month, reported third-quarter earnings that trailed analysts’ profit estimates as sales…
Morning Agenda: Twitter-Salesforce Talks, Buffett’s Taxes, H.R. Red Flags
By SEI CHONG for Deal Book and The New York Times. Even though some of the largest shareholders in Salesforce.com have made it clear that…
In Face of ‘Brexit,’ Signs of E.U. Pulling Together
By ALISON SMALE for The New York Times. COPENHAGEN — As the European Union ponders a future without Britain, its No. 2 economy and strongest military power,…
Rising OPEC Oil Output Shows Challenge of Curbing Production
By BENOIT FAUCON for the Wall Street Journal. LONDON—OPEC pumped oil at record-high volume last month, the International Energy Agency said Tuesday, and officials from three…
Donald Trump wasn’t the only one who made a bad bet on Atlantic City
By David G. Schwartz for the Washington Post. The closing on Monday morning of the Trump Taj Mahal, the last of four Atlantic City casinos that…
Verizon CEO ‘not that shocked’ about Yahoo breach that exposed 500 million users
By Anita Balakrishnan for Yahoo Tech Lowell McAdam , CEO of Verizon, said Monday he was “not that shocked” about a Yahoo data breach where the information…
Donald Trump tried to call out Warren Buffett. He probably didn’t expect this response.
By Max Ehrenfreund for the Washington Post. In Sunday night’s town hall debate, Donald Trump deflected questions about his taxes by claiming that Hillary Clinton’s wealthy…
There’s one tax break Hillary Clinton and Donald Trump agree about
By Max Ehrenfreund for the LA Times. A rare moment of agreement in Sunday’s town-hall debate came when Hillary Clinton and Donald Trump talked about managers…
Deutsche Bank’s Troubles Touch a Nationalist Nerve
By Therese Raphael for Bloomberg View. The International Monetary Fund warned three months ago that Deutsche Bank posed a potential systemic threat to the global financial system….
The real problem with Trump’s taxes isn’t what you think
By Jeff Reeves for USA Today. With all the pontificating going on about Donald Trump’s “loss carryforward” and whether he’s paid any income taxes lately, there’s one…
Ericsson to cut 3,000 jobs in Sweden as network demand wanes
By Niklas Magnusson and Amanda Billner for the Chicago Tribune. Ericsson plans to cut 3,000 jobs in Sweden, a fifth of the workforce in its home…
Clinton promises to hold Wells Fargo accountable
By Amanda Becker for Reuters. Democratic U.S. presidential candidate Hillary Clinton on Monday vowed to hold Wells Fargo accountable for “egregious corporate behavior” in a scandal…
The stark differences between the Trump and Clinton tax plans and how they address ‘loopholes’
By Jim Tankersley for the Washington Post. Both candidates for president have promised to scale back the federal tax code’s vast number of “loopholes.” On his website,…
India’s Patel Leads New Panel to Cut Key Rate to 5-Year Low
By Sandrine Rastello for Bloomberg. India’s new central bank Governor Urjit Patel led the country’s new Monetary Policy Committee to cut interest rates for the first time…