Morgan Stanley downgrades Caterpillar, says the stock is running 'out of steam'
Caterpillar shares were downgraded by an analyst at Morgan Stanley amid concerns around two of the industrial's key business segments.
Caterpillar shares were downgraded by an analyst at Morgan Stanley amid concerns around two of the industrial's key business segments.
World stocks flatlined after China posted its weakest growth in nearly three decades on Friday, while the dollar headed for its worst week in almost four months having been pummeled by pound and euro Brexit rallies.
Copays, deductibles and other expenses may result in overwhelming bills for patients with breast cancer.
Credit card issuer American Express Co reported a higher-than-expected rise in third-quarter profit on Friday, as more people used cards to shop, pay bills and make big ticket purchases.
Schlumberger NV's new chief executive officer wielded an ax to the company's asset-heavy businesses, taking a $12.7 billion charge in the face of weaker shale drilling and sliding profits.
Railroad operator Kansas City Southern on Friday reported a better-than-expected quarterly profit, helped by an increase in refined fuel shipments to Mexico and ongoing cost cuts.
Oil prices were broadly steady on Friday as concern over slower growth in China, the world's biggest oil importer, was countered by bullish signals from both the Chinese and U.S. refining sectors and a North Sea crude disruption that proved temporary.
"It was built for hyper growth and that is too capital intensive," says the Starwood Capital founder.
U.S. stocks opened slightly lower on Friday, weighed down by Johnson & Johnson, while upbeat earnings reports limited losses and calmed nerves about the global economy after China expanded at its weakest pace in almost 30 years.
Walmart's Asda has agreed a 3.8 billion pounds ($4.9 billion) 'buy in' with Rothesay Life to secure the benefits for 12,300 members of one of its pension schemes, in a deal that simplifies its balance sheet ahead of a possible standalone listing.
From the start of the sprawling U.S. litigation seeking to hold drugmakers and distributors liable for the country's opioid epidemic, Judge Dan Polster has made one thing clear: he never wanted a trial.
Bank of America also says strong sales and a growth in digital ordering will fuel bottom-line growth.
Schlumberger NV's new chief executive wielded an axe to the company's asset-heavy businesses, taking a $12.7 billion charge in the face of weaker shale drilling and sliding profits.
Documents from Saudi Aramco show that the world's largest oil firm earns only a limited proportion of its profit from foreign refining ventures, an area in which the company plans huge investment.
Wall Street struggled for direction on Friday as upbeat earnings reports calmed nerves about the global economy after China expanded at its weakest pace in almost 30 years, with Johnson & Johnson also weighing on the blue-chip Dow index.