Newspaper article Charleston Gazette Mail

Markets

Newspaper article Charleston Gazette Mail

Markets

Article excerpt

Today

Eye on CVS CVS Health serves up its third-quarter financial results today. The drugstore chain and pharmacy benefits manager is expected to report gains in earnings and revenue in the July- September quarter from a year earlier. CVS Health has reaped gains this year from improved sales of pricey specialty drugs. The company also has benefited from the acquisition of Omnicare and the pharmacy and clinic business of retail giant Target.

More job openings? Economists expect a report today to show that U.S. job openings held close to steady in September after pulling back a month earlier. The Job Openings and Labor Turnover Survey, or JOLTS, indicated that employers had 5.44 million job openings in August. That was the fewest jobs in eight months. The survey provides figures for overall hiring, as well as the number of quits and layoffs. The September survey is expected to show 5.4 million job openings for the month.

Homebuilding bellwether D.R. Hortons latest quarterly results should provide insight into the health of the U.S. homebuilding sector. The nations largest homebuilder is due to deliver its fiscal fourth-quarter earnings today. Financial analysts predict that Hortons earnings and revenue increased from a year earlier. Investors will be listening for an update on how the homebuilder sees sales trends shaping up ahead of next years spring home- selling season.

Lets make a deal! The leaves may be turning orange, yellow and red, but companies are seeing lots of green. U.S. corporations were targets in $316 billion-worth of mergers and acquisitions announced in October, the highest monthly tally ever, according to financial- information provider Dealogic. Just over half of that spending came in the final week, when $177 billion worth of moves were announced. AT&Ts $85.4 billion agreement to buy Time Warner, the parent company of networks like HBO, accounted for almost half. …

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