Markets and investing
Icahn Enterprises Misses Q3 Earnings Expectations as Refining Losses Weigh
Icahn Enterprises reported an adjusted loss per unit of $0.31, below the $0.09 profit analysts expected, as refining hedge losses offset higher revenue.
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Markets and investing
Lufthansa posts Q3 profit beat as record revenue reaches €12.2 billion
Lufthansa Group reported third-quarter earnings per share of $1.18, above analyst expectations, while revenue missed forecasts. Adjusted EBIT rose to €1.4 billion and the airline narrowed its full-year guidance.
Markets and investing
China Moves to Support Stocks and Slow the Yuan’s Rise
Beijing revived stock-market support measures and sought to temper the yuan’s longest rally in three decades, even as Vice Premier He Lifeng backed an open economic environment in Hong Kong.
Markets and investing
Emaar Considers Buying Out Its Listed Construction Arm
Dubai’s Emaar Properties is weighing a potential multibillion-dollar takeover of Emaar Development, in which it already holds just over 79%, according to people familiar with the matter.