UBS Reports Loss as Credit Suisse Costs Weigh
UBS swung to a wider-than-expected net loss in the third quarter, as Credit Suisse integration-related expenses weighed.
Aramco Profits Fall on Lower Prices
Saudi Arabia’s national oil company reported a drop in third-quarter profits to $33 billion due to lower energy prices and volumes sold.
Nintendo Raises Earnings Forecasts After Profit Climbs
Nintendo raised its fiscal-year earnings forecasts after a rise in first-half net profit, thanks to the success of a Super Mario film and stronger sales.
WeWork Files for Bankruptcy
The flexible-office-space venture, valued at $47 billion at its peak, is facing the consequences of excessive expansion that left it with many unprofitable locations.
Intel in Lead to Get Billions for Secure Defense-Chip Facilities
Intel is the leading candidate to potentially receive billions of dollars in government funding for secure facilities producing microchips for U.S. military and intelligence applications.
China Vanke Shareholder Plans Over $1.0 Billion Investment in Show of Confidence
China Vanke’s majority shareholder has expressed its support of the property developer, including making a commitment to spend more than $1.0 billion on its projects.
Brookfield Asset Management Sees $150 Billion Fundraising Goal Within Reach
The publicly traded infrastructure-focused investment firm remains confident that it can reach its goal of raising $150 billion in new investment capital this year after banking $26 billion in the third quarter alone.
It May Be Too Late to Fend Off China’s Battery Giants
China’s electric vehicle battery juggernaut is going global. Western firms may have a tough time competing, even with significant protection.
Disney’s New CFO Brings Experience to Company’s Activist Investor Battle
Walt Disney’s new finance chief steps into the role with a noteworthy victory: His former company fended off an attack from activist investor Nelson Peltz.
Canada Orders Phone Companies to Offer Wholesale Access to Fiber Internet
The telecommunications regulator ordered Canada’s big phone companies to make available their fiber-optic internet services to small broadband providers.
Source: Dow Jones Newswires