Glencore Cutbacks Shift to Zinc

Shares in Glencore rose after the commodities trader said it would cut zinc production by a third after prices of the industrial metal collapsed.

 

Alcoa Profit Falls on Aluminum-Price Slide

Alcoa reported sharply lower third-quarter profit due to lower aluminum prices and unfavorable currency impacts.

 

Apple Pay to Hit Starbucks Stores This Year

Starbucks will begin accepting Apple Pay in some U.S. stores this year, and will roll out the payment service to all company-owned U.S. locations by the end of 2016.

 

Uber's Probe of Data Breach Focuses on Lyft Executive

Investigators looking into last year's data breach and theft of drivers' records from Uber Technologies have found indictions implicating an executive at rival ride-hailing app Lyft.

 

Gap Reports Downbeat Profit Guidance, Drop in Sept. Sales

Gap said total sales in September fell 1%, hurt by the stronger dollar and weakness at Banana Republic, and gave downbeat profit guidance.

 

SABMiller Raises Cost-Savings Target

SABMiller upped its cost-savings target by over $550 million, the London-based brewer's latest attempt to underscore the strength of its business in the face of a takeover approach by Anheuser-Busch InBev.

 

Six Credit Suisse Financial Advisers Leave Ahead of Overhaul

Two groups of financial advisers managing about $4.5 billion in total recently left Credit Suisse AG ahead of a strategic overhaul that will be announced later this month.

 

UAW Touts Wage Gains in Chrysler Contract

The United Auto Workers union will use the promise of higher wages for entry-level workers and more clarity on future vehicle production to rally skeptical rank-and-file members to support a contract with Fiat Chrysler.

 

Maersk Calls for Container-Shipping Consolidation

Maersk Line says the fragmented container-shipping industry has taken a step forward with the introduction of giant shipping alliances, but consolidation is needed as demand looks set to stay in the doldrums.

 

Weatherford CEO Defends Restructuring

The chief executive of U.S. oil-field services company Weatherford International Ltd. defended the firm's recent restructuring, saying he was looking to make every single function at Weatherford perennially efficient.

 

PC Shipments Continue to Slump

Computer shipments dropped again in the third quarter as PC makers didn't receive much of a boost from Microsoft's new Windows 10 operating system.

 

(END) Dow Jones Newswires

October 09, 2015 07:26 ET (11:26 GMT)

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