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Samsung Expects Another Quarter of Record Profits; CEO to Resign

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Samsung Electronics, continuing to see roaring demand for its components, is forecasting third-quarter profits will be the company's highest ever. Chief Executive Kwon Oh-hyun, who has overseen the firm's lucrative components business, also said he will resign.

HP Forecasts a Good 2018 for Profit

HP Inc. expects 2018 to be another good year, with profit projections beating Wall Street expectations, and it's pledging to continue to return most of its cash to shareholders.

Amazon Suspends Entertainment Chief Roy Price

Amazon.com suspended the head of its entertainment studio, Roy Price, in the wake of allegations of mismanagement and sexual harassment and criticism of his close business relationship with Harvey Weinstein.

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Chevron Loses Taste for Oil in Great Australian Bight

The U.S. company has abandoned plans for deep-water exploration wells in the 1,000-mile stretch of ocean off southern Australia, citing low oil prices.

FAA Orders Inspections of Engines on Most Airbus A380s

U.S. air-safety regulators have issued an emergency order requiring airlines to inspect engines on roughly 120 Airbus A380 superjumbo jets world-wide, prompted by an engine that violently broke apart during a recent Air France flight.

MGM Officially Disputes Part of Police Timeline in Vegas Shooting

The owner of the Mandalay Bay Resort and Casino claims the wounding of a security guard by Stephen Paddock occurred moments before shootings began, a much shorter time frame than the six minutes attributed by law enforcement.

Hostess Latest Food Maker to Plan Leadership Change

Hostess Brands Inc. joined the ranks of food companies changing leaders as Bill Toler said he plans to retire in March, just over a year after taking the Twinkie-maker public again.

Westinghouse Seeks to Tap Bankruptcy Loan to Shore Up Global Nuclear Business

Parts of Westinghouse Electric's global nuclear business are in urgent need of financial aid and the company is asking to tap its bankruptcy financing to shore them up.

Judge Issues Temporary Restraining Order in Energy Future-Vistra Tax Fight

A bankruptcy judge issued a temporary restraining order barring Vistra Energy from filing a tax return that runs afoul of an agreement reached as it exited from bankruptcy last year.

Star Fidelity Manager Fired Over Sexual Harassment Allegations

Gavin Baker, a star stock picker at Fidelity Investments, was fired last month after being accused of sexually harassing a junior female employee. Mr. Baker "strenuously" denies the allegations, according to his spokesman.

(END) Dow Jones Newswires

October 13, 2017 01:15 ET (05:15 GMT)