- JPMorgan earns $6.27 billion, misses analysts' estimates
NEW YORK (AP) — JPMorgan Chase & Co. saw its third-quarter profits rise 22 percent from a year earlier, helped by a significant one-time tax benefit. But the bank's results still missed analysts' expectations as revenue declined in all of its core businesses.
- CSX delivers relatively flat 3Q profit despite volume dip
OMAHA, Neb. (AP) — Tight cost controls helped CSX Corp. deliver relatively flat third-quarter profit even though the railroad hauled 3 percent less freight and continued facing weak coal demand.
- Wausau Paper and HeartWare are big market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
- How the Dow Jones industrial average fared on Tuesday
U.S. stocks dropped on Tuesday for the first day in five as investors assessed company earnings and the latest corporate deal news. More evidence of weakness in China's economy also unsettled the market.
- Figures on government spending and debt
WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.
- US stocks drop as investors assess earnings, deals
NEW YORK (AP) — U.S. stocks dropped on Tuesday for the first day in five as investors assessed company earnings and the latest corporate deal news. More evidence of weakness in China's economy also unsettled the market.
- US Treasury bill rates flat to higher; 3-month at 0 percent
WASHINGTON (AP) — Interest rates on short-term Treasury bills were unchanged to higher in Tuesday's auction. The rate on three-month bills remained at the lowest level on record and the rate on six-month bills reached their highest level since late September.
- Xerox books $385M charge over state Medicaid contracts
Xerox will book a pre-tax charge of around $385 million in the third quarter, after the business services and copier company announced that it will not complete the implementation of new Medicaid payment systems for Montana and California.
- Top beer makers to join forces to face industry challenges
BRUSSELS (AP) — The world's biggest beer maker clinched a deal Tuesday to take over its nearest rival in a bid to stave off the megabrewers' most serious problems: the surge in popularity of craft brews and weakening sales in the rich markets of the U.S. and Europe.
- Starbucks starting delivery on Empire State Building
NEW YORK (AP) — Starbucks will start offering delivery within the Empire State Building Tuesday, giving office workers in the skyscraper the option of paying a $2 fee to avoid making a trip to the lobby.
- Who makes this beer? Brands owned by big brewers
The King of Beers is expanding its kingdom: Anheuser Busch InBev, the company behind Budweiser, said Tuesday that it plans to buy rival SABMiller for $106 billion, bringing together the world's two largest beer makers. Combining the two will shake up the global beer market, giving the company control of a third of the market.
- Fortress closing major hedge fund, parting with manager
NEW YORK (AP) — Fortress Investment Group LLC is closing a major hedge fund and parting ways with the money manager who ran it amid the turmoil that has roiled financial markets around the world.
- Johnson & Johnson posts mixed 3Q results, authorizes buyback
Johnson & Johnson, continuing a tough year of declining revenue, posted a 29 percent drop in third-quarter earnings as it was hammered by plunging sales of its hepatitis C medicine and unfavorable currency exchange rates.
- Johnson & Johnson board approves $10 billion buyback plan
NEW YORK (AP) — Johnson & Johnson said Tuesday that its board of directors approved a $10 billion stock buyback plan.
- Stocks open lower as worries over weak China trade data loom
NEW YORK (AP) — Stocks are opening slightly lower, breaking a winning streak, as traders worried about weak Chinese trade figures.