Dow drops sharply as two industrial giants warn of trouble
Washington Post, 23 October at 17:22
U.S. markets opened in a steep slide on one of the busiest earnings days of the year as a global sell-off and a disappointing report by 3M — a major industrial company that is a window into the U.S. economy — had nervous investors fleeing stocks. The
MoviePass' parent wants to spin it off into a separate company, as the government investigates its finances
Business Insider, 23 October at 16:48
On Tuesday, MoviePass parent company Helios and Matheson Analytics (HMNY) announced a "preliminary plan" to spin off MoviePass and its related entertainment assets into a separate public company. The announcement came just days after the New ...
Wall Street opens sharply lower as tariffs hit home and global worries mount
NBCNews.com, 23 October at 16:30
Wall Street opened sharply lower on Tuesday morning, after disappointing quarterly earnings from strong drivers on the Dow Jones Industrial Average added to mounting geopolitical concerns that fueled a plunge in global markets overnight. The Dow fell
MoviePass owner to spin off embattled subscription service
NBCNews.com, 23 October at 16:27
The owner of MoviePass announced on Tuesday that it is spinning off the troubled movie subscription service into a separate public company. The new company, to be called MoviePass Entertainment Holdings, will try to become a more complete entity with ...
Amazon Business Launches New Business Prime Benefits in the United States, Germany and Japan
Business Wire (press release), 23 October at 16:00
SEATTLE--(BUSINESS WIRE)--(NASDAQ: AMZN) – Amazon Business today announced the launch of new Business Prime benefits for businesses of all sizes in the United States, Germany and Japan. Business Prime now helps members visualize spend ...
American Express and Amazon partner on small-business credit card—is it worth it?
MarketWatch, 23 October at 16:00
American Express AXP, -2.08% and Amazon AMZN, +1.43% are offering a new credit card for small businesses designed to alleviate some of the cash flow problems business owners can encounter. The Amazon Business American Express Card launches ...
The Dow is tumbling again as earnings fears spark selling
CNN, 23 October at 15:37
New York (CNN Business) Maybe Corporate America isn't coming to Wall Street's rescue after all. The Dow is set to open down nearly 400 points on Tuesday after major US companies reported gloomy results and guidance. Disappointing numbers from ...
Caterpillar Pushes Profit Higher
Wall Street Journal, 23 October at 15:29
Caterpillar Inc. CAT -8.41% reported higher profit thanks to price increases and rising sales, offsetting higher costs to make and ship its machinery due in part to metal tariffs. Like other manufacturing companies, Caterpillar has been working to ramp
Caterpillar's forecast disappoints, shares tumble
Reuters, 23 October at 15:25
CHICAGO (Reuters) - Caterpillar Inc's (CAT.N) opted not to increase its 2018 earnings forecast this quarter, disappointing investors on Tuesday after two straight quarters of raised expectations, but the heavy-duty equipment maker did report quarterly
Caterpillar shares dive 7% after industrial giant says material costs are rising because of tariffs
CNBC, 23 October at 15:09
Shares of Caterpillar dropped 7 percent after it gave disappointing 2018 guidance and management pointed out costs were rising because of tariffs. The company reiterated its prior 2018 EPS guidance range of $11.00 to $12.00 adjusted, but Wall Street ...
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