Sears Seeks to Repair Fraying Supply Chain in Bankruptcy

The retailer says about 200 suppliers recently stopped shipping goods and that it needs to pay transportation carriers and logistics companies to keep remaining merchandise moving.

 
Bank of America Profit Rises 32%

Bank of America, the second largest U.S. lender by assets, reported third-quarter net income rose 32% as the bank continued to benefit from a strong economy, higher interest rates and recent federal corporate tax changes.

 
Upstart Exchange Looks to Profit From Wall Street Fear

MIAX will launch new options on an index for volatility traders. The SPIKES measure touts itself as a speedier competitor to Cboe's VIX.

 
Delta Signs Up as First Big U.S. Customer for Airbus Data-Tracking

Delta Air Lines has agreed to join an Airbus data-analysis network that crunches real-time information about airplane components to spot problems early and improve operations.

 
Icahn to Oppose Dell's Purchase of DVMT Tracking Shares

Carl Icahn revealed an 8.3% stake in DVMT and says he plans to vote against Dell's plan to buy the stock as part of a deal intended to return Dell to the public markets.

 
Porsche Slams the Brakes on IPO Speculation

Porsche reined in its finance chief after he fueled speculation that the company was discussing a potential listing of a super luxury group combining Porsche, Lamborghini, Bugatti and Bentley that could value the group at up to $81 billion.

 
BlackRock CEO Pulls Out Of Saudi Conference

The chief executive of the world's biggest asset manager has backed out of Saudi Arabia's signature conference, the latest Western executive to withdraw as the kingdom grapples with allegations it had a hand in the killing of journalist Jamal Khashoggi.

 
Fidelity Says It Will Trade Bitcoin for Hedge Funds

Fidelity Investments said it will store and trade digital currencies for hedge funds and other professional investors, becoming one of the first Wall Street giants to step into this volatile corner of the financial world.

 
Yerak's Take: Whirlpool: Sears's Bankruptcy To Have 'Very Limited' Impact on Results

Whirlpool Corp., Sears Holdings' biggest unsecured trade creditor, said the retailer's chapter 11 filing would have a "very limited short-term impact" on the appliance maker's finances because Sears accounted for less than 2% of sales.

 
A Drama CBS Can't Cancel-the One in Its Boardroom

CBS sought to turn the page on upheaval when Leslie Moonves stepped down as chairman and chief executive. Instead, the boardroom drama continued.

(END) Dow Jones Newswires

October 15, 2018 15:15 ET (19:15 GMT)

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