Boeing 737 MAX Design, FAA Blamed for Lion Air Crash
Indonesian investigators blamed the design of the Boeing 737 MAX jet, lapses by U.S. regulators, inadequate maintenance and poor piloting for the crash of a Lion Air jet last year that killed all 189 people aboard.
Barclays Warns Over U.K. Economic Uncertainty
Barclays said a dimming economic outlook in the U.K. would make it harder for the bank to meet a key financial metric next year, as it took a GBP1.4 billion hit to its profit by reimbursing customers who were wrongly sold insurance on its products.
Budweiser Brewer Issues Profit Warning, Sending Shares Lower
Anheuser-Busch InBev warned its full-year results would be weaker than expected after slowing sales growth in the U.S. and efforts to woo new drinkers overseas hurt revenue in the third quarter.
Renault Cuts Outlook for Global Auto Markets
Renault cut its 2019 outlook for global automotive markets after having lowered its expectations for profitability and revenue earlier in October.
Citigroup Puts Jane Fraser in Line to Succeed Corbat as CEO
Citigroup tapped its Latin America chief, Jane Fraser, to serve as the bank's No. 2 executive, putting her atop the list to succeed Chief Executive Michael Corbat.
Amazon's Third-Quarter Profit Slides 26%
Amazon's profit machine sputtered again after more than two years of surging growth, weighed down by the tech giant's heavy investment into reducing shipping times for retail customers.
Twitter Shares Fall as Ad-Business Woes Weigh on Growth
Twitter shares dropped as software problems led some advertisers to pull back spending and weaker-than-expected summer ad buying weighed on revenue growth in the latest quarter.
U.S. Gives Venezuela's Citgo Temporary Shield From Creditors
The Trump administration extended a temporary shield over Venezuela's Citgo Petroleum Corp. ahead of a looming debt payment, protecting the Houston-based crude refiner from potential seizure by creditors for three months.
Gucci Sales Growth Slows, Hurt by Hong Kong Turmoil
Sales growth at Gucci slowed to its lowest level in more than three years, as protests in Hong Kong and the aftermath of the brand's blackface scandal took their toll on the Italian fashion house.
Visa Reports Better-Than-Expected Revenue
Higher spending on Visa's credit and debit cards drove profit and revenue higher in the latest quarter.