Ford Posts Better-Than-Expected 3Q Profit as Sales Recover
Ford Motor Co. posted a stronger-than-expected third-quarter net profit as demand for cars and trucks recovered from coronavirus shutdowns and the company sold more high-margin trucks.
Ford Motor Co. posted a stronger-than-expected third-quarter net profit as demand for cars and trucks recovered from coronavirus shutdowns and the company sold more high-margin trucks.
Amazon has launched a website in Sweden as the first leg of a long-anticipated expansion into the tech-savvy Nordic region that is expected to have a major long-term impact on brick-and-mortar stores and e-commerce.
General Electric narrowed its losses in its third quarter as it trimmed expenses and managed to post an adjusted profit that surprised Wall Street.
Germany’s Deutsche Bank made a profit of 309 million euros in the third quarter.
Fiat Chrysler and PSA Peugeot have confirmed progress toward their full merger to create the globe’s fourth-largest carmaker.
Orders to U.S. factories for big-ticket manufactured goods rose a better-than-expected 1.9% in September with a key category that tracks business investment showing a solid gain as well.
Microsoft reported quarterly earnings Tuesday that beat Wall Street expectations, as it continued to weather the coronavirus pandemic amid increased demand for its flagship software software and services.
AMD is buying Xilinx for $35 billion in an all-stock deal that will combine the two Silicon Valley chip makers.
BP plc says third-quarter earnings plunged 96% as the COVID-19 pandemic reduced energy prices and demand.
The world’s largest fintech company, China’s Ant Group, will try to raise nearly $35 billion in a public offering of stock that would be the biggest ever.