Some of Thursday’s top business news stories:
The Wall Street Journal
Wal-Mart lowers sales, earnings outlook, by Sarah Nassauer and Lisa Beilfuss
Delta profit soars on lower fuel costs, by Doug Cameron
Bloomberg
McDonald’s, happy with breakfast rollout, says value plan next, by Leslie Patton
Netflix blames chip-based credit cards for drop in subscribers, by Lucas Shaw
Reuters
Weak U.S. retail sales, inflation data cloud rate hike outlook, by Lucia Mutikani
GE loan book helps Wells Fargo report first profit rise in three quarters, by Richa Naidu and Rachel Chitra
Quartz
Square is going public, by Ian Kar
Walmart just lost $20 billion of market value in under 20 minutes, by Shelly Banjo
The New York Times
Danny Meyer restaurants to eliminate tipping, by Pete Wells
Market drops on weak results from Walmart and big banks
News about business journalism:
CNBC signs long-term deal with Kernen
Bloomberg’s Tyrangiel joins Vice
Business Wire launching BizWireTV web show
This date in business journalism history:
2014: Insight: Earnings season tis upon us
2007: Business news industry grows, but will ad dollars follow?
Business journalism birthdays:
Oct. 15: Kara Scannell with FT
