TOP STORIES 
 
GENERAL MOTORS EARNINGS MORE THAN DOUBLE 

GM recorded significantly higher earnings and record revenue in the third quarter amid strong truck sales in the U.S. but signaled continued weakness in Europe on Brexit fallout.

CATERPILLAR SAYS SALES WOES COULD LINGER 

Caterpillar said lower-than-expected equipment sales in the second half of the year could continue into next year, as the company reported revenue in its latest quarter remained battered, falling 16%.

STOCKS FALL ON MIXED EARNINGS REPORTS 

U.S. stocks edged lower as investors considered a mixed batch of corporate earnings.

U.S. HOME-PRICE GROWTH HEAT UP IN AUGUST 

Home-price growth accelerated in August-with the Case-Shiller index rising 5.3% from the previous August-as a lack of inventory and low interest rates helped push prices to near-record levels.

PROCTER & GAMBLE PROFIT RISES 

Procter & Gamble posted an unexpected rise in profit in the latest quarter as revenue slid less than anticipated amid organic sales growth.

SPRINT'S LOSS NARROWS ON HIGHER REVENUE 

Sprint Corp. reported a narrower loss in the latest quarter on higher revenue as the wireless carrier continued to add customers.

MERCK PROFIT RISES ON CANCER DRUGS, VACCINES 

Merck posted increases in revenue and profit as a closely watched cancer treatment and vaccines bolstered results.

LOCKHEED MARTIN REVENUE SOARS, AND IT BOOSTS GUIDANCE 

Lockheed Martin said its revenue surged more than expected in the latest quarter. It boosted its quarterly dividend 10% to $1.82 per share and increased its share repurchase program by $2 billion.

KKR SWINGS TO A PROFIT, BOLSTERED BY CREDIT AND ENERGY GAINS 

KKR & Co. swung to a third-quarter profit on gains in the value of its private-equity, credit and energy holdings.

3M CUTS EARNINGS OUTLOOK AMID FLAT SALES 

3M Co. cut the top end of its yearly earnings forecast as it posted nearly flat sales for its latest quarter, pressured by a 7.4% slide in revenue for its electronics and energy segment.

JETBLUE PROFIT RISES AS PASSENGER TRAFFIC INCREASES 

JetBlue Airways Corp. said its third-quarter profit edged higher as passenger traffic increased and fuel costs remained low.

BAKER HUGHES SHARES RISE AS LOSS NOT AS WIDE AS FEARED 

Baker Hughes Inc. said its third-quarter loss widened on charges related to its cost-cutting efforts and other items as the oil-field services company's revenue was hurt by continued weak demand and pricing pressures.

CIT REVENUE INCREASES 

CIT Group said its quarterly revenue increased and expenses were nearly flat as the bank continues to work to remake itself.

UNITED TECHNOLOGIES BOOSTS OUTLOOK AS PROFIT AND REVENUE RISE 

United Technologies Corp. boosted its guidance for the year as profit and revenue rose in the third quarter, topping expectations.

AK STEEL, SCHNITZER STEEL EARNINGS RISE AMID LOWER COSTS 

AK Steel and Schnitzer Steel Industries Inc. both reported stronger earnings Tuesday as the companies benefited from cost-cutting measures.

DUPONT REVENUE RISES, BOOSTS PROFIT FORECAST 

Chemical giant DuPont, looking to wrap up its merger with Dow Chemical, boosted its profit outlook for the year as it reported higher sales from its agriculture and performance materials segments amid lower costs in the latest period.

UNDER ARMOUR SLIDES AS GROWTH EXPECTATIONS LOWERED 

Shares of Under Armour dropped sharply as the athletic gear maker, which has been expanding at a strong clip, tempered its growth expectations going forward.

BRINKER INTERNATIONAL HURT BY SAME-STORE SALES DECLINE 

Brinker International, owner of the Chili's and Maggiano's restaurant chains, posted first-quarter same-store sales that fell further than expected.

JANUS'S PROFIT RISES BUT REVENUE FALLS ON LOWER FEES 

Janus Capital Group Inc. posted lower quarterly revenue as investment management fees fell, though its profit increased on lower costs and higher assets.

BLACKBERRY UNVEILS LAST PHONE IN PIPELINE 

BlackBerry unveiled a new Android-powered phone, marking the end of an era for the once-dominant smartphone maker as it cedes handset development to third-party manufacturers to focus on software.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
U.S. News 
FED'S TASK NEXT WEEK: SIGNAL DECEMBER RATE RISE 
 

Federal Reserve officials, wary of raising short-term interest rates amid the uncertainty surrounding the U.S. presidential election, are likely to stand pat at their November policy meeting and remain focused on lifting them in December.

 
Markets Main 
BIG U.S. RETAIL BANK OPERATIONS UNDER SCRUTINY AFTER WELLS SCANDAL 
 

The Office of the Comptroller of the Currency earlier this month sent formal letters to large and regional banks seeking information about sales practices and incentive-compensation structures following the Wells Fargo scandal.

(END) Dow Jones Newswires

October 25, 2016 10:04 ET (14:04 GMT)