US Business

Jeep maker Stellantis said it is cutting 1,100 jobs at a U.S. factory as it seeks to reduce high inventory levels that have weighed on its performance.

The social-media platform’s revenue jumped 18% year over year, slightly above Wall Street’s forecast.

The carmaker said a part shortage in the third quarter hampered factory production, but it is still on track to report its first gross profit by year-end.

The media company named Lavanya Chandrashekar as its next CFO, succeeding Susan Panuccio, who plans to step down from the role on Jan. 1.

The National Day holiday in early October, combined with a rally in Chinese equity markets, may have also supported consumer sentiment.

The Japanese company raised its annual revenue forecast after delivering a second-quarter profit beat.

The troubled IT firm said it would issue new shares in its latest move to reduce debt.

The British Airways owner said earnings rose ahead of expectations with solid demand driving an increase in revenue.

The Italian lender reported third-quarter net profit and revenue growth ahead of expectations, led by higher income from fees and commissions.

The Cartier owner said weaker consumer spending in China hit sales as a luxury downturn that is hurting most of the players in the industry rumbles on.