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 Harley-Davidson expects to lay off about 225 workers
Orlando Sentinel (Florida), October 20, 2016 Thursday

 MILWAUKEE - Harley-Davidson Inc. says it expects to lay off about 225 salaried employees by the end of the year to cut costs amid a sluggish U.S. motorcycle market. The cuts amount to about 5 percent of the company's workforce. The Milwaukee Journal Sentinel reports that about 70 contractors also will be affected. The company says it will incur up to $25 million in employee separation and reorganization cost. The company has not disclosed where the job cuts will take place.  Associated
 Tupperware Q3 profits up with land sale
Orlando Sentinel (Florida), October 20, 2016 Thursday

 Tupperware Brands capitalized on emerging markets and selling local property to boost sales and earnings in the third quarter. Tupperware reported $521.8 million in sales in U.S. dollars during the three months that ended Sept. 30, up $800,000 from the year before. The company said sales were up 2 percent in local currencies, with big increases coming in South American markets.
 All Tesla cars will be equipped for self-driving
USA TODAY, October 20, 2016 Thursday

 Tesla Motors announced Wednesday that its electric cars will be the first in the nation to all be fitted with the hardware they need to drive themselves. CEO Elon Musk announced Wednesday that the automaker's Model S, X and forthcoming Model 3 sedan will be outfitted with "the hardware needed for full self-driving capability at a safety level substantially greater than that of a human
 Who's hiring to help build self-driving cars; Companies nowhere near Detroit seek engineering talent
USA TODAY, October 20, 2016 Thursday

 If you've got tech skills and are interested in self-driving cars, there's a good chance you'll wind up working in the Bay Area.
 Oil hits new high amid drain in supply; Hopes up that OPEC will solidify a deal to cap production
USA TODAY, October 20, 2016 Thursday

 Plunging U.S. inventories of crude oil boosted the commodity to its highest level in intraday trading in 15 months. West Texas Intermediate crude, the U.S. benchmark, was up 2.9% to $51.74 at 11:16 a.m. after the U.S. Energy Information Administration released its weekly report on oil stocks.
 App-happy holidays cater to shoppers' wishes; Retailers deploy high-tech tools and personalized attention to lure customers online and into stores
USA TODAY, October 20, 2016 Thursday

 For anyone who has become lost trying to track down holiday light bulbs in a cavernous home improvement store or wants to know if trendy black mittens are in stock at a fashion retailer, digital help is on the way. Retailers are giving employees an assist from the latest technology to try to woo customers back to stores this season -- even as an increasing number of shoppers make their gift purchases online. It's coming in the form of special apps that clerks or customers can access on their...
 Mattel profits are all dolled up; Comebacks by Barbie and American Girl help boost the El Segundo toy maker's third-quarter earnings.
Los Angeles Times, October 20, 2016 Thursday

 Toy maker Mattel Inc. showed signs of a turnaround in its third quarter, with several of its key brands on the upswing. For the three months that ended Sept. 30, the El Segundo firm posted net income of $236 million, up 6% from $224 million a year earlier. On a per-share basis, the toy company reported 68 cents, compared with 66 cents a year earlier.
 BUSINESS BEAT; Daily serving of disney; In a partnership, Dole will use the entertainment giant's characters to market fresh produce to kids
Los Angeles Times, October 20, 2016 Thursday

 It's come to this, America: Disney-branded fruits and vegetables. Dole Food Co. said Friday that it is partnering with Walt Disney Co. to market fresh produce to children nationwide. Characters from "Star Wars," Marvel and Pixar films will now help hawk blueberries, bananas and broccoli.
 Starbucks in China could 'exceed the U.S.'
The Seattle Times, October 19, 2016 Wednesday

 Starbucks is raising its sights in China and aims to have 5,000 stores by 2021 in a market that Chairman and CEO Howard Schultz says "will be larger than the U.S. over
 Amazon gets a leg up in clothing sales
The Washington Post, October 20, 2016 Thursday

 Data on jeans, leggings shows giant has cornered a big piece of the market It's been clear for some time now that has ambitions of competing more seriously in the fashion business: The e-commerce site has been investing in private-label clothing brands. It launched a nightly, QVC-like streaming show to tout its apparel. And it has lured big-name brands such as Kate Spade to sell goods on its site. It appears those efforts are paying off. New data from Slice Intelligence, an...
 Harley-Davidson plans cuts as sales, profit fall
USA TODAY, October 19, 2016 Wednesday

 Harley-Davidson's sales and profit slipped in the third quarter, compared with the same period a year earlier, and the motorcycle manufacturer made plans for fourth-quarter job cuts. Net income fell 18.7% to $114.1 million, and revenue declined 3.8% to $1.27 billion. Harley rep Maripat Blankenheim confirmed the company plans to lay off 225 salaried workers and 70 contract employees in the fourth quarter.
 Mayer addresses Yahoo data breach; 'We're working hard to regain (our users') trust,' CEO says
USA TODAY, October 19, 2016 Wednesday

 Yahoo delivered pretty much as expected in what could be its last earnings report as an independent company. The Sunnyvale, Calif.-based company, which is in the midst of being acquired by telecommunications giant Verizon, beat Wall Street expectations for earnings and met expectations for a drop in sales during the months of July to September. Shares of Yahoo (YHOO) were up 1.5% to $42.32 in after-hours trading Tuesday; the stock price is up 30% for the year.
 UnitedHealth raises 2016 forecast, again; Profits increase 23% in quarter
The Boston Globe, October 19, 2016 Wednesday

 Minnetonka, Minn.-based UnitedHealth Group increased its 2016 earnings forecast, and voiced optimism about next year with less exposure to the Affordable Care Act. UnitedHealth Group has hiked its 2016 earnings forecast again after its profit swelled 23 percent to nearly $2 billion in the third quarter, helped by gains both in and outside its core insurance business.
 Intel forecasts drop in chip sales as PC makers face inventory surplus
The Boston Globe, October 19, 2016 Wednesday

 Intel Corp. forecast fourth-quarter sales that may fall short of estimates, sparking concern that lackluster year-end personal-computer demand will mean manufacturers have no need to replenish chip inventories built up in recent months.
 Goldman's Earnings Impress but Don't Fully Convince
The New York Times, October 18, 2016 Tuesday

 Goldman Sachs is charting a frustrating path back to the top. Trading, share buybacks and operating leverage all helped the investment bank earn $2.1 billion in the third quarter, its best showing in a year and a half. The way it beat its cost of capital, though, fails to inspire full confidence.
 BlackRock, With Strong Quarter, Passes $5 Trillion in Assets
The New York Times, October 18, 2016 Tuesday

 BlackRock, the world's largest publicly traded money manager, reported on Tuesday a slight increase in its earnings for the third quarter, thanks to strong flows into its exchange-traded funds business.
 Netflix and Health Care Lift Markets
The New York Times, October 19, 2016 Wednesday

 Surprisingly strong earnings from Netflix, UnitedHealth Group and other companies put Wall Street investors in a buying mood on Tuesday, driving stocks solidly higher. Health care stocks led the gainers. Materials, utilities and a broad swath of other companies also posted gains. Industrials and consumer-focused stocks notched the smallest gains. Energy stocks also rose as the price of crude oil recovered from an earlier slide.   The Dow Jones industrial average gained 75.54 points, or 0.4...
 Yahoo Traffic Rose After Hacking, Cutting Verizon's Chances for Better Deal
The New York Times, October 19, 2016 Wednesday

 SAN FRANCISCO -- If Verizon Communications really wants to renegotiate its $4.8 billion deal to buy Yahoo's internet operations, it's probably going to have a fight on its hands. Yahoo said on Tuesday that it had actually gained a slight amount of traffic since its Sept. 22 disclosure that about 500 million accounts had been hacked. That appears to contradict Verizon's assertion last week that the damage to Yahoo's business from the breach could have been severe enough to set off a provision in...
 Apple reportedly cuts back car plans
The Boston Globe, October 18, 2016 Tuesday

 Apple has drastically scaled back its automotive ambitions, leading to hundreds of job cuts and a new direction that, for now, no longer includes building its own car, according to people familiar with the project. Hundreds of members of the car team, which comprises about 1,000 people, have been reassigned, let go, or have left of their own volition in recent months, the people said, asking not to be identified because the moves aren't public. New leadership of the initiative, known internally...
 Goldman Sachs's Asia Pacific Chairman to Retire
The New York Times, October 17, 2016 Monday

 SAN FRANCISCO -- One of Goldman Sachs's top bankers in Asia is planning on retiring after nearly three decades at the firm. Mark Schwartz, who is chairman of Goldman's Asia Pacific region and a vice chairman of the firm, will retire at the end of the year, the firm said in an internal memorandum on Monday.   His departure comes as Goldman faces challenges in Asia, particularly a slowdown in investment banking in the region for all Western firms. Goldman is expected to lay off a significant...
 Wall Street Closes Lower as Energy Sector Drags
The New York Times, October 18, 2016 Tuesday

 Stock indexes on Wall Street closed modestly lower on Monday, with some of the biggest declines coming in oil and gas companies as energy prices turned lower. Companies that rely on consumer spending also lost ground. Utilities and telecom stocks, which pay large dividends, bucked the downward trend as bond yields fell.   The Dow Jones industrial average lost 51.98 points, or 0.3 percent, to 18,086.40. Its two biggest declines were had by McDonald's and Nike, each down 1 percent. The Standard...
 Rival to Bloomberg Data Plans to Automate News
The New York Times, October 18, 2016 Tuesday

 A start-up looking to take on the financial information behemoth Bloomberg L.P. is hiring a former Bloomberg executive to begin a new financial news service. Norman Pearlstine, a former top editor at Bloomberg, The Wall Street Journal and Time, is joining, which has been building a low-cost alternative to the data terminals that sit at the core of Michael R. Bloomberg's business empire.   Mr. Pearlstine is tasked with building a news feed for that will be based on...
 Netflix subscribers soar despite price hike; Fresh content helps subscriber growth blast past forecasts
USA TODAY, October 18, 2016 Tuesday

 Netflix avoided a rerun of last quarter's poor subscriber growth performance by blasting past expectations with nearly 3.6 million new subscribers. The Los Gatos, Calif.-based Internet streaming video provider added 3.2million new international subscribers and 370,000 new U.S. subscribers in the months of July-September. That far exceeds its forecast of about 2.3 million new subscribers, 2 million of them international and 300,000 in the U.S. It now boasts 86.7 million total streaming members.
 Bank of America shares up on profit beat
USA TODAY, October 18, 2016 Tuesday

 Bank of America said Monday its third-quarter net income rose 7% as interest income and average deposits climbed higher. Net income totaled $5 billion, compared with $4.6 billion a year ago.
 MARKET ROUNDUP; Stocks end mixed; oil, gas firms fall
Los Angeles Times, October 18, 2016 Tuesday

 Major U.S. stock indexes closed modestly lower Monday, with some of the biggest declines coming in oil and gas companies as energy prices turned lower. Investors had their eye on corporate earnings. Some 80 of the companies in the Standard & Poor's 500 index are scheduled to report their quarterly results this week. How those companies fared in the third quarter, and how they see their prospects for growth in coming months, should give traders a better handle on the state of the economy.

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