Maersk Bounces Back to Profit on Soaring Trans-Pacific Freight Rates

Danish shipping giant A.P. Moeller-Maersk bounced back into profit in the third quarter getting a lift from higher freight rates, even as a sharp rise in fuel prices weighed on its earnings

 
GE Credit Crunch Ripples Across Wall Street

A steep fall in GE's bonds to junk levels is roiling credit markets, spreading pain and gain among investors and banks.

 
Dell to Sweeten Deal for DVMT Tracking Shares

Dell Technologies plans to sweeten a $22 billion deal to buy out an affiliate and return to the public markets, five months after its initial proposal sparked shareholder opposition.

 
Shipping Industry Sends a Trade Warning

Danish conglomerate Maersk, the world's largest containership operator, becomes latest company to cut its growth forecasts, in a warning sign for global trade prospects.

 
Victoria's Secret Chief Is Out Amid Declining Sales

Jan Singer, CEO of Victoria's Secret lingerie division, is departing the company amid declining sales, according to people familiar with the matter.

 
Tencent Posts Solid Earnings, But China's Game Freeze Clouds Future

Tencent reported a 30% jump in third-quarter profit, in spite of a regulatory chokehold on videogames, its biggest business.

 
Walmart to Send Employees Traveling for Spine Surgery

Walmart will soon require its employees to travel to certain hospitals for costly spine surgeries, an effort to weed out unnecessary procedures and lower its health-care spending.

 
Macy's Reports Strong Sales Growth, Raises Guidance

Macy's delivered healthy sales growth in its latest quarter and raised its guidance for the year, positioning the retailer for a strong holiday shopping season.

 
David's Bridal to Seek Bankruptcy Protection in Coming Days

Wedding gown retailer David's Bridal Inc. is expected to file for bankruptcy protection in the coming days, people familiar with the matter said.

 
Facebook Morale Tumbles, Along With Stock

A survey found just 52% of employees were optimistic about Facebook's future, down from 84% a year earlier. The darker mood comes amid a dropping share price and disclosures of privacy violations.

(END) Dow Jones Newswires

November 14, 2018 15:00 ET (20:00 GMT)

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