Earnings Report

Higher fuel costs slashed third-quarter profit at American Airlines by nearly half, and the company says it is responding by growing more slowly and cutting unprofitable flights.

Merck is reporting better-than-expected profits and global sales of nearly $11 billion during the third quarter.

Telecom networks provider Nokia has reported lower third-quarter earnings and says it will start a new cost-cutting scheme as it waits for demand for the new 5G systems to pick up.

ConocoPhillips (COP) on Thursday reported third-quarter profit of $1.86 billion.

Dunkin' Brands Group Inc. (DNKN) on Thursday reported third-quarter earnings of $66.1 million.

Valero Energy Corp. (VLO) on Thursday reported third-quarter net income of $856 million.

Altria Group (MO) on Thursday reported third-quarter profit of $1.94 billion.

Bristol-Myers Squibb Co. (BMY) on Thursday reported third-quarter earnings of $1.9 billion.

Quarterly advertising revenue jumped 29 percent from a year earlier to $650 million.

Shares tumbled in Asia on Thursday, led by declines in semiconductor makers and other technology-oriented shares, after another torrent of selling on Wall Street.

Revenue from high-speed internet rose 9.6 percent to $4.32 billion in the quarter.

Cable company Comcast says its net income rose 9 percent in the third quarter as more high-speed internet customers offset a decline in video customers.

Sales in its key networks business reversed a negative trend and started to grow amid 5G order momentum.

AB InBev's beer sales have declined in the United States, the company’s key market.

UBS reported $1.25 billion in net profit, bea8itng estimates.

U.S. stocks declined in early trading Wednesday, adding to losses from a day earlier.

The latest on developments in financial markets (all times local): 9:35 a.m.