Chinese manufacturing activity fell to an eight-month low in October. (WSJ)
Hong Kong’s economy shrank 3.2% in the third quarter as protests pushed the city into recession. (WSJ)
The U.S. economy grew a tepid 1.9% in the third quarter as business investment fell 3%. (WSJ)
The Federal Reserve cut interest rates for the third time this year. (WSJ)
Private employers in the U.S. added more jobs in October than expected. (WSJ)
Mexico’s economy is on track for its weakest performance in a decade. (WSJ)
Royal Dutch Shell PLC’s profit rose in the third quarter, bolstered by its big bet on natural gas. (WSJ)
Apple Inc.’s quarterly revenue rose 1.8% despite a 9.2% decline in iPhone sales. (WSJ)
General Electric Co. raised its outlook for cash flow from industrial operations to $2 billion. (WSJ)
Molson Coors Brewing Co. will cut up to 500 jobs as it struggles with lower U.S. beer demand. (WSJ)
Fiat Chrysler Automobiles NV and Peugeot maker PSA Group of France agreed to a nearly $50 billion merger. (WSJ)
Japanese beer exports to South Korea plunged 99.9% annually in September. (Channel News Asia)
Early holiday promotions suggest retailers have too much inventory after pulling imports forward to avoid tariffs. (Sourcing Journal)
Kroger Co. is planning to test package delivery and pickup services at its stores. (Business Insider)
A new $110 million vehicle processing center will double the Port of Philadelphia’s auto-handling
capacity. (Journal of Commerce)
Navios Maritime Containers expects charter rates to pick up in 2020 despite a drop in third-quarter profit and revenue. (Lloyds List)
French container line CMA CGM SA is investing in a startup that offers urban logistics services for e-commerce.
(Splash 247)
Atlas Air Worldwide Holdings Inc. said trade tensions contributed to a 5.6% decline in quarterly net income. (Air Cargo News)
Freight broker C.H. Robinson Worldwide Inc.’s profit fell 16.5% to $146.9 million in the third quarter. (Minneapolis Star-Tribune)
Rail equipment supplier GATX Corp. is suing Georgia Power Co. over the condition of its leased railcars. (Railway Age)
A black turtleneck shortage is being linked to people dressing as Theranos founder Elizabeth Holmes for Halloween. (New York Post)
|