Morgan Stanley Profit Rises 3%

Morgan Stanley's third-quarter profit rose 3% from a year ago, the last major U.S. bank to skate through a period of global tensions and shifting markets.

 
Weaker Shipments Hurt Results at Union Pacific

Union Pacific said weaker demand from a range of customers pinched the railroad's revenue in the third quarter.

 
PPG Reports Slightly Higher Sales

PPG's sales inched higher in its latest quarter, as higher prices helped offset lower sales volume for the Pittsburgh-based paint maker.

 
Honeywell Sales Miss Expectations

Industrial conglomerate Honeywell International reported a lower profit for the third quarter and overall sales that fell a bit lower than what Wall Street analysts predicted.

 
Nestlé to Refresh Bottled-Water Business as Sales Turn Flat

Nestlé will overhaul its bottled-water arm, hoping to reinvigorate growth in a business hurt by rising competition, high costs and growing concerns about single-use plastic.

 
Shampoo Giants Go Head to Head

Unilever-the maker of Dove and TRESemmé-is engaged in a shampoo war with Pantene owner Procter & Gamble, cutting prices in the U.S. as it aims to gain market share.

 
Citigroup Names Peter Babej as CEO for Asia-Pacific Region

Mr. Babej, previously the global head of the bank's financial institutions group, will transition into the role immediately, Citigroup said.

 
Pernod Ricard Sales Growth 'Moderate'

Pernod Ricard said organic sales grew 1.3% during the first quarter and confirmed that profit from recurring operations should hit its 5%-7% target in 2020.

 
Ericsson Boosted by 5G Expansion

Ericsson lifted its sales and margin targets after posting strong momentum in its business as operators in the U.S. and North East Asia forge ahead with their 5G network spending.

 
BHP Output Down on Maintenance Work

said production of commodities including iron ore, coal and petroleum fell 1% in the first quarter, mainly because of planned maintenance work.

(END) Dow Jones Newswires

October 17, 2019 09:00 ET (13:00 GMT)

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