News Highlights: Top Equities Stories Of The Day
October 09 2015 - 7:41AM
Dow Jones News
Glencore Cutbacks Shift to Zinc
Shares in Glencore rose after the commodities trader said it
would cut zinc production by a third after prices of the industrial
metal collapsed.
Alcoa Profit Falls on Aluminum-Price Slide
Alcoa reported sharply lower third-quarter profit due to lower
aluminum prices and unfavorable currency impacts.
Apple Pay to Hit Starbucks Stores This Year
Starbucks will begin accepting Apple Pay in some U.S. stores
this year, and will roll out the payment service to all
company-owned U.S. locations by the end of 2016.
Uber's Probe of Data Breach Focuses on Lyft Executive
Investigators looking into last year's data breach and theft of
drivers' records from Uber Technologies have found indictions
implicating an executive at rival ride-hailing app Lyft.
Gap Reports Downbeat Profit Guidance, Drop in Sept. Sales
Gap said total sales in September fell 1%, hurt by the stronger
dollar and weakness at Banana Republic, and gave downbeat profit
guidance.
SABMiller Raises Cost-Savings Target
SABMiller upped its cost-savings target by over $550 million,
the London-based brewer's latest attempt to underscore the strength
of its business in the face of a takeover approach by
Anheuser-Busch InBev.
Six Credit Suisse Financial Advisers Leave Ahead of Overhaul
Two groups of financial advisers managing about $4.5 billion in
total recently left Credit Suisse AG ahead of a strategic overhaul
that will be announced later this month.
UAW Touts Wage Gains in Chrysler Contract
The United Auto Workers union will use the promise of higher
wages for entry-level workers and more clarity on future vehicle
production to rally skeptical rank-and-file members to support a
contract with Fiat Chrysler.
Maersk Calls for Container-Shipping Consolidation
Maersk Line says the fragmented container-shipping industry has
taken a step forward with the introduction of giant shipping
alliances, but consolidation is needed as demand looks set to stay
in the doldrums.
Weatherford CEO Defends Restructuring
The chief executive of U.S. oil-field services company
Weatherford International Ltd. defended the firm's recent
restructuring, saying he was looking to make every single function
at Weatherford perennially efficient.
PC Shipments Continue to Slump
Computer shipments dropped again in the third quarter as PC
makers didn't receive much of a boost from Microsoft's new Windows
10 operating system.
(END) Dow Jones Newswires
October 09, 2015 07:26 ET (11:26 GMT)
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