Other news

Procter & Gamble Co. exceeded quarterly sales’ and earnings’ forecasts on Wednesday, Oct. 19. This is due to higher cost of goods, including prices on Head & Shoulders shampoos and Tide detergents.

Tesla Inc. is moving forward with plans to build a lithium processing plant on the Gulf Coast of Texas.

On Thursday, the central bank of Japan announced its intention to organize and conduct emergency bond-purchasing operations aimed at setting a lower bond price limit. The main financial institution of the country is planning to carry out those acts by offering to purchase about $667 million in government debt.

Amazon.com Inc is launching a home insurance portal in the UK and has signed up an agreement with three major insurance companies. Thus, the company has begun promoting its financial services on a global level.

JPMorgan Chase & Co. announces the creation and launch of a new platform, the main purpose of which is to simplify the process of finding venture investors for startups. The platform is designed to help investors at the fundraising stage by simplifying the process.

Tesla Inc. CEO Ilon Musk expects the company’s deliveries to be below the vehicle delivery targets this year. At the same time, he downplays concerns about demand after the company's earnings did not meet Wall Street expectations.

IBM Corp's quarterly earnings results on Wednesday beat expectations, and company officials said they expect to beat full-year revenue growth targets as strong demand for the company's digital services helps offset the effects of a stronger dollar.

Representatives of Altria Group Inc announced that Philip Morris International Inc (PM) has agreed to buy Altria’s exclusive rights to sell IQOS heated tobacco products on the U.S. territory at a deal price of $2.7 billion.

AT&T Inc is in talks to form a joint venture that will invest billions of dollars to expand its fiber network, Bloomberg News reported.

Amazon.com Inc. has expanded its scope of activities. The company will now also offer U.K. consumers home and property insurance from third-party providers.