Stocks Slide as Earnings Disappoint
Stocks are lower on Wednesday, with the Dow off by 100 points. Disappointing earnings from Alcoa
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Alcoa reported a rise in Q3 EPS and increased the size of its stock buyback plan, from 10% to 25% (read more).
Valero Energy warned that Q3 profits will be impacted by narrowing margins (read more). Chevron announced that earnings will be significantly below its previous quarter.
Helen Of Troy
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Chrysler’s United Auto Worker’s union members went on strike today, with the estimated cost to the company being approximately $50 million per day (full story).
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