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U.S. markets news

Samsung Elec says Q3 profit likely up 79.8 pct, beating expectations
SEOUL Oct 7 South Korean tech giant Samsung Electronics Co Ltd said on Wednesday its July-September operating profit likely leapt 79.8 percent from a year earlier, beating expectations and marking its first quarterly profit growth in eight quarters ...
Samsung third quarter profit forecast up nearly 80%  BBC News
CompaniesSamsung surprises with rise in 3Q operating profit  Financial Times
Asian shares firm after sharp rebound in oil, BOJ in focus
TOKYO Asian stocks held firm on Wednesday as a sharp rebound in oil prices supported battered resource shares and emerging economy currencies, while Japanese markets were tentative ahead of a crucial Bank of Japan policy meeting.
Asian shares firm after sharp rebound in oil, Bank of Japan in focus  Financial Express
Yen's Longest Rally in a Year Falters as BOJ October Meets Loom  Bloomberg
Bill Ackman's latest wager: Bloomberg for president
Hedge fund billionaire Bill Ackman, who got rich making wagers, is now betting that former New York City Mayor Michael Bloomberg will run for president of the United States in 2016 - and win.
Bill Ackman says short-term money driving market volatility  Reuters
Influencer Interview: Bill Ackman  Bloomberg
US firms hold $2.1 trillion outside the tax net
The 500 largest American companies hold more than $2.1trn (€1.86trn) in accumulated profits offshore to avoid the US's 35pc corporate tax rate and would pay an estimated $620bn in US taxes if they repatriated the funds, according to a study released on ...
Major US companies 'hold $2.1tn offshore'  Irish Examiner
US firms stash $2.1tn overseas to skip tax at home  Venture Capital Post
Wall Street dips as third-quarter earnings season kicks off
U.S. stocks fell on Tuesday, ending a five-day winning streak, as investors focused on upcoming quarterly reports that are expected to reflect a dip in corporate earnings.
Stocks End Mixed as Biotech Drags, Energy Jumps  Fox Business
How the Dow Jones industrial average fared on Tuesday
UAW Warns Fiat Chrysler to Make Deal or Face Strike
DETROIT - The United Automobile Workers union has set a Wednesday-night deadline for Fiat Chrysler Automobiles to agree to a new contract or risk a nationwide strike by the company's 36,000 hourly workers.
United Auto Workers threatens strike action against Fiat Chrysler  Fortune
UAW strike action: What you need to know  Detroit Free Press
American Apparel files for bankruptcy, operations to continue
A supervisor works with employees sewing garments at the American Apparel Inc. factory Los Angeles earlier this year. By Supriya Kurane, Sruthi Ramakrishnan and Jeffrey Dastin, Reuters.
American in Peril: NYSE Suspends Trading of American Apparel
FAA Proposes Big Fine for Drone Violations
The Federal Aviation Administration on Tuesday proposed a record $1.9 million fine against an aerial photography company, SkyPan International, for flying drones in crowded New York and Chicago airspace without permission.
US proposes nearly $2 million fine against drone operator  Times of India
65 Unauthorized Flights Could Cost a Drone Company Nearly $2 Million  The Atlantic
Stock Downgrades: Freeport-McMoRan Inc. (NYSE:FCX), Applied Materials, Inc ...
Freeport-McMoRan (NYSE:FCX) was downgraded by investment analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, StockTargetPrices.
DuPont up on CEO departure; Telsa's PT cut; Freeport-McMoRan may exit ...  Yahoo News
Peet's Coffee & Tea is buying Stumptown Coffee Roasters
Spencer Moody works on the coffee roaster at Stumptown Coffee Roasters in the Arts District in downtown Los Angeles. Spencer Moody works on the coffee roaster at Stumptown Coffee Roasters in the Arts District in downtown Los Angeles.
Peet's Coffee & Tea to Buy Stumptown Coffee  Wall Street Journal
Peet's Coffee & Tea To Purchase Oregon-Based Stumptown Coffee Roasters  CBS Local