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Economy

Fifth Third Bancorp’s profit falls on higher loan loss provisions

(Reuters) – Fifth Third Bancorp (NASDAQ:FITB) reported a fall in its third-quarter profit on Friday, as the bank set aside more money…
Stock

Comet sees uptick in Q3 sales with semiconductor demand

ZURICH – Comet, a provider of key technologies for the semiconductor industry, reported a 45.6% increase in net sales for the third…
Stock

Photon Energy boosts Romanian solar capacity to 51.6 MWp

AMSTERDAM/BUCHAREST – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) has announced the completion and grid connection of a new 3.2 MWp photovoltaic…
Stock

Swiss defend decision not to adopt latest Russia sanctions in full

LONDON (Reuters) – Switzerland on Friday said it was “unequivocally” committed to sanctions against Russia after Bern decided not to adopt in…
Stock

Mizuho cuts price targets for auto chip stocks on softer trends

Investing.com — Mizuho Securities has adjusted its outlook for auto chip stocks, cutting price targets for key players amid signs of weaker-than-expected…
Stock

Exclusive-Spirit Aero to furlough 700 workers for 21 days due to Boeing strike

By Allison Lampert and Mike Stone (Reuters) – Spirit AeroSystems (NYSE:SPR) will tell employees on Friday that it will furlough 700 workers…
Economy

US retail sales increase solidly in September

WASHINGTON (Reuters) – U.S. retail sales increased slightly more than expected in September, supporting views that the economy maintained a strong pace…
Economy

US weekly jobless claims unexpectedly fall

WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment unexpectedly fell last week, but could remain elevated in the…
Stock

Morgan Stanley hikes price targets on networking equipment stocks

Investing.com — Morgan Stanley raised its price targets for two key networking equipment stocks on Thursday, although the firm cautioned that the…
Stock

Badger Meter shares slide over 5% as Q3 results disappoint

MILWAUKEE – Badger Meter, Inc. (NYSE:BMI) reported third quarter earnings that fell short of analyst expectations, sending shares down 5.88% in trading…
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