Tech Startups Stoke Market for IPOs

After years on the stock market's sidelines, a number of highly valued Silicon Valley companies are gearing up to go public as soon as next year. Among the IPO candidates are ride-sharing companies Uber Technologies and Lyft, and data-mining specialist Palantir Technologies.

 
Michelin Warning Drags Down Tire Makers

Shares in European tire manufacturers fell after Michelin lowered its outlook for the year, warning that a decline in European and Chinese sales would continue into the fourth quarter.

 
Remy Cointreau Sales Lifted by Asia

Remy Cointreau said its sales growth accelerated in the second quarter, aided by strong trends in the Asia-Pacific region.

 
Volvo Profit Beats Estimates

Volvo posted a forecast-beating 38% rise in third-quarter net profit but said it was still scrambling to meet surging demand for its trucks, particularly in North America, a problem it has been tackling for the last few quarters.

 
London Stock Exchange Bolsters LCH Stake

London Stock Exchange Group said it will spend up to EUR438 to increase its stake in clearing house LCH, while reporting third-quarter revenue growth.

 
DowDuPont to Record $4.6 Billion Charge as Agriculture Unit Suffers

DowDuPont's agriculture unit is taking a $4.6 billion charge in the third quarter after the business lowered its long-term expectations on sales and profits, a move that underscores challenges agribusinesses are facing in the Americas.

 
AmEx Raises Forecast, as Card Business, Merchant Count Grows

The financial-services company, which is on track to post a record year in terms of profit and revenue, on Thursday raised its annual forecast, thanks to growth in its card business, merchant network and lending.

 
Coca-Cola Shuffles Executives; CEO Names a No. 2

CEO James Quincey promoted company veteran Brian Smith into Coca-Cola's vacant No. 2 role and disclosed the retirement of finance chief Kathy Waller.

 
CBS Names Two Showtime Executives to Senior Positions

CBS promoted two executives from subsidiary Showtime to senior leadership positions at CBS as the media company works to remake itself after a recent tumultuous stretch.

 
StarKist to Plead Guilty in Price-Fixing Probe

StarKist has agreed to plead guilty to a felony antitrust offense for fixing prices on canned tuna and faces a fine of up to $100 million, the Justice Department said Thursday.

(END) Dow Jones Newswires

October 19, 2018 05:15 ET (09:15 GMT)

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