Higher Prices for Burgers Help McDonald's Sales

McDonald's is still struggling to attract more U.S. customers but it eked out higher sales this quarter by charging more for its food.

 
Verizon Adds Phone Customers But Oath Revenue Weakens

Verizon Communications added to its pool of wireless phone subscribers in the third quarter while pressing forward with its bet that it is better to focus on building a faster network than trying to own the content that flows through it.

 
Caterpillar Pushes Profit Higher

Caterpillar reported higher profit thanks to price increases and rising sales, offsetting higher costs to make and ship its machinery due in part to metal tariffs.

 
3M Trims Earnings Forecast as Sales Sputter

3M lowered its earnings forecast for the year after it reported slower sales growth across most of its business lines in the third quarter.

 
United Tech Raises Targets, Waits on Rockwell Merger

United Technologies sought to reassure investors that its core businesses are performing well even as the company's $23 billion takeover of Rockwell Collins hangs in regulatory limbo.

 
Lockheed Martin Eyes Higher Sales

Lockheed Martin said its sales growth will accelerate next year even as defense industry analysts said 2019 could mark a peak for domestic military spending.

 
GAM Leaks Billions After Fund Manager Suspension

The turmoil surrounding GAM Holding deepened as the Swiss money manager said investors pulled more than 20% of assets from its funds following the suspension of a star bond manager this summer.

 
Investor Disquiet at Nestlé Grows Beyond Activist Third Point

Nestlé's chairman is facing mounting opposition from shareholders who say the former chief executive isn't helping his successor's efforts to reinvigorate growth at the world's largest packaged-foods maker.

 
Harley Recalls 238,300 Bikes

Harley-Davidson said it was recalling 238,300 recent-model motorcycles world-wide due to a clutch issue, an effort that will weigh on earnings this quarter.

 
Aqua America to Buy Pennsylvania Gas Company

Water utility Aqua America said it is buying a group of Pittsburgh-based natural-gas companies from an investment firm for about $3 billion in cash.

(END) Dow Jones Newswires

October 23, 2018 11:00 ET (15:00 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.