Tesco Chairman to Step Down

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Tesco said Chairman Richard Broadbent would step down as it revealed the accounting practices that led to an overstatement of its profit had occurred in prior periods as well.

U.S. Auto Sales Fuel GM Earnings

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General Motors reported a 14% drop in its third-quarter profit but beat analyst expectations as strength in North America offset weaker results in other regions of the world.

Textron Rethinking Key Specs of Business Jet

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Textron is rethinking the design of what would be its highest-end business jet after customers indicated a desire for more range and other changes, the company’s top aviation executive said.

Airlines Post Strong Profits, Offer Bullish Outlooks

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Several U.S. airlines posted stronger third-quarter profits and expressed bullish sentiments for the fourth quarter, based on falling fuel prices, strong holiday bookings, domestic capacity discipline and a slight easing of Ebola jitters.

Lower Iron-Ore Prices Not Slowing Leading Miners

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Iron-ore prices may be at a six-year low, but the world’s leading mining companies don’t show any sign of idling their diggers.

Fallout Grows From Faulty Air Bags

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The spotlight on defective air bags intensified, with one of Germany’s largest auto makers issuing a recall and Honda imposing pay cuts on executives.

Nokia Returns to Profit

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Nokia’s quarterly earnings gave ample evidence that the company’s main network unit has moved well beyond several years of painful restructuring.

Logitech Says Tablet Slowdown Won't Disrupt Growth

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Logitech said its turnaround won’t be derailed by a slowdown in the tablet computer market, as its second-quarter net profit more than doubled.

Apple and GT Reach Deal on Winding Down Sapphire-Materials Production

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GT Advanced and Apple reached an agreement on winding down production of sapphire materials.

NBCU Chief Paints Gloomy Picture on Cable-TV Ratings

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Comcast’s NBCUniversal painted a gloomy picture of where cable TV is headed, saying that ratings are unlikely to grow due to viewership fragmentation.

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