Yahoo!, Uber, Ford, Verizon - This Is What You Need to Know Wednesday
This is what you need to know on Wednesday:
1. European stocks are set for a mixed open to Wednesday's trading session after solid gains in Asia pushed benchmarks to multi-year highs amid renewed optimism for global economic growth.
2. Uber's board of directors, meeting on Tuesday, Oct. 3, approved changes that left former company CEO Travis Kalanick with less clout at the ride-sharing company, according to a New York Times. TheStreet's Brian Sozzi writes this morning that Uber is a Damn Joke, read here.
3. Yahoo Inc., now apart of the holding company Oath owned by Verizon Communications Inc. (VZ) - Get Report , said on Tuesday that the massive data breach in August 2013 impacted every single Yahoo user.
4. Ford (F) - Get Report plans to reduce materials costs by $10 billion, while also cutting engineering spending by $4 billion, in an attempt to boost its profit margins. Read TheStreet's Stephen Guilfoyle's story: Why Ford's (F) CEO is My New Favorite: Market Recon.
5. Tesco plc (TSCDY) posted stronger-than-expected pre-tax profits for the first half of its fiscal year and restored its dividend payment for the first time in nearly three years as the recovery in Britain's biggest supermarket chain continues to strengthen.
6. Wall Streets' record run continued again Tuesday, taking benchmarks to their second consecutive of triple record highs, but early indications from futures prices suggest investors may use today's session to book some profit.
Our editor's pick this morning is by TheStreet's Tracy Byrnes. The President of Mars Wrigley U.S. Reveals the Worst Advice She Ever Got. Watch her interview here.
And be sure to catch this month's Trading Strategies: Watch: What Our Experts Like for October.
More October Trading Strategies from TheStreet:
