Bank of America Profit Falls on Charge

A one-time charge dented Bank of America's third-quarter profit, but the bank posted gains in its consumer, wealth and commercial businesses.

 
Huawei Extends Hot Streak in the Face of U.S. Blacklisting

Huawei's revenue rose 24% during the first nine months of the year, despite a U.S. export blacklisting against the world's largest maker of telecommunication equipment.

 
Broadcom Ordered by EU to Halt Allegedly Anticompetitive Contract Practices

The European Union ordered semiconductor maker Broadcom to stop requiring contract terms with customers that the bloc alleges are anticompetitive, even as a probe into the practices continues-the first time regulators have used such an injunction in 18 years.

 
KKR Lines Up New Leaders for Private-Equity Businesses

KKR has promoted six deal makers to lead its flagship private-equity businesses around the world, which together have amassed $75 billion in assets.

 
IBM Poised for Another Sales Slide Despite Red Hat Deal

IBM is set to report its first earnings after the closing of its $34 billion purchase of open-source software giant Red Hat. Here's what to look for.

 
Drug Distributors Are in Talks to Pay $18 Billion to Settle Opioid Litigation

Three major drug distributors are in talks to pay $18 billion to settle sweeping litigation brought by state and local governments blaming them for fueling the opioid crisis.

 
XPO Names Former GE Deal Maker to Board

Greenwich, Conn.-based XPO Logistics Inc. named Aris Kekedjian as a new independent director.

 
Midmarket Private Companies See Earnings Rise Despite Softening Global Growth

The earnings growth of U.S. midmarket private companies strengthened in the third quarter despite economic uncertainty and a darkening outlook for their larger counterparts.

 
Roche Says Outlook Improving

Roche raised its guidance after reporting sales growth of 9.5% in the first nine months of the year.

 
Rio Tinto Iron-Ore Shipments Rise

Rio Tinto said it shipped 1% more iron ore last quarter as its Australian mining hub recovered from earlier operational and weather-related setbacks.

(END) Dow Jones Newswires

October 16, 2019 09:00 ET (13:00 GMT)

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