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 P&G profit hits $2.7B, but 'more work to do'
The Cincinnati Enquirer (Ohio), October 26, 2016 Wednesday

 Procter & Gamble on Tuesday reported a $2.7 billion profit for the three months ended Sept. 30, an increase of 4 percent from a year ago. Sales were flat during the first quarter of the fiscal year, staying at $16.5 billion. Organic sales - which excludes the impact of foreign exchange rates, acquisitions or divestitures - increased a robust 3 percent. Earnings per diluted share were 96 cents. Both core earnings and sales beat Wall Street forecasts, according to Bloomberg. Analysts had expected...
 Record third-quarter profits for General Motors
Orlando Sentinel (Florida), October 26, 2016 Wednesday

 General Motors a record profit on Tuesday that doubled results in the third quarter a year ago. The auto maker put a little more swagger behind its full-year guidance, predicting pretax earnings at the high end of previous forecasts of $5.50 to $6 per share. GM earned $2.77 billion, or $1.76 per share, compared with $1.36 billion, or 84 cents per share a year ago. Revenue hit a record $42.8 billion. The performance is largely because the company shunned low-profit sales to rental car companies...
 Rockwell Collins to buy B/E Aerospace
Orlando Sentinel (Florida), October 25, 2016 Tuesday

 Aviation communications and electronics supplier Rockwell Collins Inc. will acquire aircraft cabin equipment maker B/E Aerospace Inc. for $6.4 billion, the companies announced Sunday. Cedar Rapids, Iowa-based Rockwell will also assume $1.9 billion of net debt. Shareholders of Wellington-based B/E Aerospace will receive $62 per share - $34.10 per share in cash and $27.90 in shares of Rockwell common stock. The acquisition must still be approved by shareholders from both companies, and get...
 Judge approves Volkswagen settlement in emissions cheating
The Boston Globe, October 26, 2016 Wednesday

 AUTOMOTIVE Judge approves Volkswagen settlement in emissions cheating A federal judge approved the largest auto scandal settlement in US history Tuesday, giving nearly a half-million Volkswagen owners and leaseholders the choice between selling their cars back or having them repaired so they don't cheat on emissions tests and spew excess pollution. US District Judge Charles Breyer said the nearly $15 billion deal "adequately and fairly" compensates consumers and gets the polluting vehicles off...
 Apple shares, iPhone prices both dip
The Boston Globe, October 26, 2016 Wednesday

 Apple CEO Tim Cook cited good customer response to the new iPhones. Apple Inc. shares fell Tuesday after the world's most-valuable company reported sliding prices for its smartphones and forecast lower-than-expected profitability over the holiday period.
 Self-driving truck makes first delivery: beer
The Boston Globe, October 26, 2016 Wednesday

 An Otto truck on a test drive in San Francisco. The company said it completed its first self-driving commercial delivery. SAN FRANCISCO — The futurists of Silicon Valley may not have seen this one coming: The first commercial delivery made by a self-driving truck was 2,000 cases of Budweiser beer.
 Deal Is Approved for Owners of Diesel Volkswagens in U.S.
The New York Times, October 26, 2016 Wednesday

 For the owners of nearly a half-million diesel cars in the United States who have been caught up in Volkswagen's emissions-cheating scandal, relief may finally be in sight. On Tuesday, Judge Charles Breyer of the United States District Court in San Francisco gave final approval to an agreement calling for Volkswagen to spend $10 billion to buy back or fix those cars, whose diesel engines were equipped with software enabling the vehicles to pass emissions tests while spewing out far more...
 Syngenta Warns of Delay in ChemChina Takeover
The New York Times, October 26, 2016 Wednesday

 LONDON -- Syngenta said on Tuesday that its takeover by the state-owned China National Chemical Corporation could be delayed until early 2017, as European authorities take a deeper look at a wave of deals among the biggest producers of seeds and chemicals designed to protect crops.
 Target to highlight ease of shopping, exclusives; Deals and diversity among retailer's plans this holiday season
USA TODAY, October 26, 2016 Wednesday

 Target is going to amp up the shipping wars this holiday season, fighting back against Amazon and other online retailers by extending the time in which customers can receive free deliveries. It's all part of a strategy that includes making shipping easier and offering more exclusives and deals to try to make its discount stores top destinations during the all-important season. "We know how stressful the holidays are for the U.S. consumer. So how do we make it really simple, really easy, whether...
 Under Armour shares dive as it lowers forecast
USA TODAY, October 26, 2016 Wednesday

 Under Armour shares fell more than 14% Tuesday after the sports apparel maker lowered its expected growth through 2018. The Baltimore-headquartered maker of sports gear and shoes last year had forecast goals of $7.5 billion in revenue and $800 million in earnings before interest and taxes (EBIT) by 2018. As part of its third-quarter earnings release, Under Armour reiterated its revenue goal but modified its EBIT forecast down to expected growth over 2017 and 2018 in the low 20 percentages.
 GE's tax break will be easily offset, city says; Officials project taking in $67m over two decades after giving incentives worth $25m
The Boston Globe, October 24, 2016 Monday

 City officials dangled $25 million in tax breaks to lure General Electric Co. to relocate its headquarters to Boston but expect to get back more than double that amount in property taxes over 20 years. A recently negotiated tax agreement between the city and GE projects the net property tax payments for the three-building complex would total $67 million over two decades. The city tax break would apply only to the new 12-story office building that would be the centerpiece of GE's headquarters...
 Rockwell Collins Agrees to Buy B/E Aerospace
The New York Times, October 24, 2016 Monday

 The aircraft component maker Rockwell Collins has struck a deal to buy an aircraft interior maker, B/E Aerospace, for $62 a share in cash and stock, the companies said on Sunday.
 Apple, Google and Tesla Have Busy Schedules
The New York Times, October 24, 2016 Monday

 Here's a look at what's expected this week. TECHNOLOGY   Apple to update earnings and its Macs.  This week will be a busy one for Apple, which will report its fiscal fourth-quarter financial results on Tuesday and is expected to unveil new Macs on Thursday. Apple, which has experienced sluggish sales of its flagship iPhone products in recent quarters, will offer the first peek into sales of the new iPhone 7 and the extra business it is getting since Samsung's troubles with the Galaxy Note 7....
 Who's Behind the Deal Between AT&T and Time Warner
The New York Times, October 23, 2016 Sunday

 AT&T's blockbuster $84.5 billion takeover of Time Warner means many things -- including rich fees for the bankers and lawyers who helped craft the deal.
 AT&T agrees to buy Time Warner for $85 billion; Creation of new media titan may spur more deals
The Boston Globe, October 23, 2016 Sunday

 AT&T, which provides cellphone, Internet, cable, and DirecTV service, would be combined with Time Warner divisions, which include HBO, CNN, and Warner Bros. NEW YORK — AT&T has agreed to buy Time Warner for more than $85.4 billion, the companies announced Saturday, a move that will create a new colossus in the worlds of media and telecommunications. The deal will join AT&T, a sprawling video and Internet empire that encompasses cellphone and cable service along with DirecTV, and Time Warner's...
 Honeywell announces new round of layoffs
The Arizona Republic (Phoenix), October 22, 2016 Saturday

 Honeywell Aerospace is announcing layoffs for the third time in the past year, citing a continued downturn in the industry. The company, the ninth-largest employer in the state, did not specify the number of job cuts.
 Yum cutting China unit
The Seattle Times, October 21, 2016 Friday

 Yum Brands, the parent of KFC, Pizza Hut and Taco Bell, is just weeks away from jettisoning its troubled China unit and hopes the move cuts down on volatility and boosts growth.
 Phone companies drag U.S. stocks down; Indexes close mostly lower but eke out a gain for this week
Chicago Tribune, October 22, 2016 Saturday

 The major U.S. stock indexes closed mostly lower Friday, capping a day spent wavering between small gains and losses. Phone companies were the biggest drag on the market following reports that AT&T was considering a deal to acquire the media conglomerate Time Warner. AT&T, Verizon, Sprint and T-Mobile US all fell.
 Wall Street Dips as Merger Talk Heats Up
The New York Times, October 22, 2016 Saturday

 The major Wall Street stock indexes closed mostly lower on Friday, capping a day spent wavering between small gains and losses. Phone companies were the biggest drag on the market after reports that AT&T was considering a deal to acquire the media conglomerate Time Warner. Shares of AT&T, Verizon, Sprint and T-Mobile US all fell.
 British American Tobacco Makes $47 Billion Bid for Reynolds American
The New York Times, October 22, 2016 Saturday

 LONDON -- British American Tobacco said on Friday that it had made a $47 billion takeover offer to buy the stake in Reynolds American that it does not already own, a deal that would create a tobacco giant with a significant presence around the world. The deal would create the world's largest publicly traded tobacco business based on net sales and combine companies with brands that include Camel, Lucky Strike, Newport and Pall Mall. It comes with the industry facing a shift toward so-called...
 Tobacco Giant Reynolds American Unlikely to Get a Sweeter Offer
The New York Times, October 22, 2016 Saturday

 John Boehner, the former speaker of the House of Representatives, may find that his month-old gig as a board member at Reynolds American does not last as long as he expected. British American Tobacco is offering $47 billion for the 58 percent of the Camel cigarette maker that it does not already own.
 Toyota hiring 1,000 workers as it consolidates in Texas
USA TODAY, October 21, 2016 Friday

 Toyota isn't just relocating its U.S. headquarters from Southern California to Texas, it's fundamentally changing the way it operates its businesses in North America, says its North American CEO.
 International Paper gets $1.1M in tax breaks
The Atlanta Journal-Constitution, October 21, 2016 Friday

 International Paper Company will receive tax breaks worth $1.1 million on its purchase of $25.5 million in equipment at existing container plants in Tucker and outside Lithonia. The Decide DeKalb Development Authority unanimously approved the tax incentives Oct. 13, giving International Paper a discount on property taxes over the next 10 years.
 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.
 MARKET ROUNDUP; Stocks decline; EBay slumps 11%
Los Angeles Times, October 21, 2016 Friday

 A day of mostly listless trading on Wall Street ended Thursday with U.S. stocks giving back modest gains from the day before. Telecom stocks declined the most, weighed down by a slide in shares of AT&T, Sprint and other phone companies. Only healthcare stocks eked out a gain. The broad slide snapped a two-day winning streak for the market. Energy futures and precious metals also fell.

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