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(Reuters) – U.S. layoff announcements tumbled in October to a three-month low in another sign the job market remains in good shape ahead of next week’s presidential election, a monthly tally of workforce reduction announcements showed on Thursday. Firms announced 55,597 layoffs last month, down 23.7% from the 72,821 announced in September, outplacement firm Challenger, …

US planned layoffs drop again in October, recruitment firm Challenger says Read More »

(Reuters) – Aluminum packaging maker Ball Corp beat estimates for third quarter profit on Thursday buoyed by higher prices for its beverage containers as consumers and bottlers seek more sustainable options. Price increases, along with a recent decline in aluminum prices and enhanced cost-saving initiatives in logistics and supply chain management, boosted profits. Ball has …

Ball Corp reports third-quarter profit beat on higher prices, lower costs Read More »

A look at the day ahead in U.S. and global markets from Mike Dolan Cloudy outlooks from U.S. megacaps Microsoft and Meta combined with edgy government bond markets around the world to unsettle investors on Thursday, with the latest U.S. opinion polls showing next week’s presidential election is no foregone conclusion. The week’s deluge of …

Morning Bid: Megacaps spooked, world bonds on edge Read More »

By Roushni Nair (Reuters) – Australia’s biggest banks are expected to report lower annual earnings next week, with investors focused on whether intense competition in lending and the rising costs of deposits will outweigh gains in mortgage revenues. The earnings will be closely monitored to see if the banking sector’s share price surge by over …

Australian banks brace for lower earnings as costs, competition bite Read More »

(Reuters) – Private equity firm Blackstone Inc is bidding C$7 billion ($5.03 billion) for a minority stake in telecom and media company Rogers Communications’s cellphone infrastructure business, the Globe and Mail reported on Wednesday. Last week, the Canadian company Rogers announced the deal, which would lessen its debt burdens, but did not disclose the name …

Blackstone nears $5 billion Rogers investment, the Globe and Mail reports Read More »

(Reuters) – Equinix forecast fourth-quarter revenue above Wall Street estimates on Wednesday, driven by steady demand for its data center services amid the continuing surge in artificial intelligence boom. Enterprise clients depend on data center services from companies such as Equinix to expand their digitization initiatives. Data centers are crucial in supporting AI, as the …

Equinix forecasts quarterly revenue above estimates on steady demand Read More »