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Newspaper
Sun Journal
Location
New Bern, North Carolina, United States of America
Date
Oct 18, 2019
Page
5
Raleigh based Red Hat has hired around 1,000 new employees amid strong cloud software demand following its $34 billion merger with IBM. IBM CFO James Kavanaugh cited 20 percent third quarter revenue growth and described merger benefits for clients and shareholders during Thursday analyst call.
The North Carolina senator, a longtime bank deregulation advocate, faces a tough 2020 reelection as Democrats target him to curb Wall Street influence. Goldman Sachs donors and hedge fund executives fuel his campaign while critics say policy favors megabanks over local lenders.
U S factory output fell 0.5 percent in September as a General Motors strike sharply cut auto production. Ex autos, output slid 0.1 percent while mining declined 1.3 percent and utilities rose 1.4 percent. Capacity use slipped to 77.5 percent.
U S stocks near records amid mostly upbeat results with the S&P 500 around 3,000 and the Nasdaq and Dow up modestly. Bond yields shift as investors weigh Britain EU talks and economic data while IBM results temper the Dow.
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