News Highlights: Top Company News of the Day
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Fiat Chrysler, Peugeot Owner in Talks to Combine
Fiat Chrysler and Peugeot maker PSA Group of France said they were in talks that may lead to a merger that could create a roughly $46 billion trans-Atlantic auto giant.
Deutsche Bank Suffers Another Loss as Restructuring Bites
The German lender's global overhaul has taken another big bite, with the company reporting a second consecutive quarterly loss as it exits businesses and absorbs restructuring costs.
Airbus Slashes Delivery Target as It Struggles With Production Woes
Airbus cut its delivery goal for the year by as many as 30 aircraft as it struggles with production problems, even as it remains poised to overtake Boeing as the world's largest plane maker by the end of 2019.
Bayer Faces Surge in Roundup Plaintiffs
Bayer said the number of plaintiffs claiming its Roundup herbicides cause cancer more than doubled to 42,700 in the past three months, adding pressure on the chemicals-to-pharmaceuticals company to resolve the legal battle that continues to eat into its market value.
Credit Suisse Profit More Than Doubles
Credit Suisse said its third-quarter net profit more than doubled to CHF881 million, beating expectations, with 43% profit growth at its flagship wealth management division.
Volkswagen Trims Deliveries Outlook
Volkswagen said its pretax profit rose to EUR14.6 billion for the first nine months
Sony Corp 2Q Net Profit Up 9% Helped by Camera-Sensor Business
Sony's second-quarter net profit grew 9% on year to 187.9 billion yen ($1.73 billion) as it pocketed more money from its smartphone camera-sensor business.
Santander Hit by U.K. Charge
Santander said that third-quarter net profit fell 75% after it reported a EUR1.49 billion charge related to its U.K. business, which has been hit by Brexit and regulatory changes.
Standard Chartered 3rd Quarter Pretax Profit Rose 16% on Year
Standard Chartered PLC's third-quarter pretax profit rose 16% on year as income grew faster than costs.
Mattel Resolves Accounting Probe
Mattel's CFO is leaving, and the company is restating some past earnings after completing an investigation into accounting issues raised in a whistleblower letter.
