CVS Health Is in Talks to Buy Aetna
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CVS Health Corp. is in talks to buy Aetna Inc., according to people familiar with the matter, in a deal that could value the health insurer at upward of $66 billion.
Google Parent Alphabet's Profit Grows 33%
Google parent Alphabet Inc.'s third-quarter profit grew 33%, extending strong growth in the tech giant's advertising business as increased scale helped it overcome pressure from declining ad rates.
Amazon Revenue Rises 34%
Amazon posted strong quarterly sales growth, allowing it to report a higher profit as it expands into more corners of consumer spending. Shares surged after hours.
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GE Explores Exiting From the Railroad Business
General Electric is looking to exit from the railroad business as new Chief Executive John Flannery looks to streamline the conglomerate.
Twitter Says It Overstated Users; Shares Jump as Loss Narrows
Twitter said it overstated its number of users for the past three years and committed to take advertising off its site from two Russian media outlets, even as it reported better-than-expected user growth and raised its earnings forecast.
Intel Lifts Guidance as Profit Surges 34%
Intel Corp. said its profit rose 34% despite increasing competition in its core markets of supplying chips for personal computers and corporate servers.
iPhone 8 Posts Weak Initial Sales, Pressuring iPhone X
Apple's iPhone 8 posted the weakest sales of any of the company's new smartphones in recent years, according to estimates by two market-research firms, raising the stakes for the higher-priced iPhone X as advance orders start on Friday.
Truck Sales Drive Soaring Profit at Ford
Ford Motor's profit jumped 63% and its outlook brightened, fueled by robust sales of pickup trucks, for which it commanded an average price of $45,400.
Pharmacy Shares Tumble On Report Amazon May Muscle In
Shares of pharmacy companies were pummeled Thursday after a report that Amazon.com Inc. has received approval from a at least a dozen states to become a wholesale pharmacy distributor.
Harvey Weinstein Sues Weinstein Co. Seeking Access to Documents
Harvey Weinstein has sued his former employer, demanding access to documents he claims could help with his potential defense against civil and criminal claims as well as a potential claim of wrongful termination against the studio.
(END) Dow Jones Newswires
October 26, 2017 17:15 ET (21:15 GMT)