(Reuters) -HCA Healthcare missed Wall Street estimates for quarterly profit on Friday and forecast up to a $300-million hit in the fourth quarter due to hurricane disruptions, causing its shares to fall 8% in premarket trading. The hospital operator experienced a loss of revenue in the third quarter owing to the impact of Hurricane Helene…
By Lewis Krauskopf NEW YORK (Reuters) – The rally in U.S. stocks is wobbling as it confronts a stretch of potentially market-shaking events, starting next week with corporate results from tech titans and the closely watched employment report, while the U.S. election is also nearing. The benchmark S&P 500 is up about 22% on the…
(Reuters) – Frontier Communications urged shareholders on Friday to vote for a $20 billion takeover bid from Verizon, saying that it had reviewed interest from other potential buyers and found the telecom giant’s proposal as the most favorable option. The fiber-optic internet provider said Verizon’s final offer presents “a superior value over all other potential…
(Reuters) -Intel said on Friday it would invest more than $28 billion to construct two new chip factories in Licking County, Ohio, as the company pushes ahead with plans to expand its foundry business. The chipmaker’s shares, which have slumped more than 55% this year, rose 1.4% in early trading. The initial phase of the…
