“The softness of September’s figures supports our view that the Fed probably isn’t going to hike interest rates until early next year,” said Paul Ashworth, chief U.2 percent.
FRANKFURT/HAMBURG (Reuters) - At least 30 managers were involved in Volkswagen’s (VOWG_p.DE) emissions test cheating, German magazine Spiegel reported on Wednesday, citing internal and external investigations.
District Court in Boston on Tuesday in handcuffs, wearing a blue dress shirt, no tie and dark trousers.” Lorraine Drumm, wife of Former Anglo Irish Bank CEO David Drumm, leaves federal court in Boston, Massachusetts October 13, 2015.
Europe’s largest carmaker is battling the biggest business crisis in its 78-year history after admitting last month it installed software in diesel vehicles to deceive U.Some analysts said a strategy more focused on electric vehicles and hybrids could eventually help sow the seeds of recovery for Volkswagen.
Biotechs led the S&P 500 and Nasdaq lower and the S&P health care index.89, the S&P 500.
(Reuters) - Johnson & Johnson (JNJ.Related CoverageJ&J says its diabetes drug should have same survival edge as Lilly'sGlobal company revenue fell 7.
independent oil and gas company, on Tuesday said its board amended its bylaws to allow minority shareholders to nominate directors.Investors led by New York City Comptroller Scott Stringer had pushed hard for so-called proxy access at 19 oil companies, arguing that shareholders should have the right to nominate climate experts to board seats.
The company will have to pay about $2 billion before the expiry of the 60-day ‘go-shop’ period, during which EMC can solicit other bids, and $2.5 billion from banks to fund the roughly $67 billion deal announced on Monday.
O) wants its users to shop for clothes and other products from their mobile phones without ever leaving its app.In an effort to move further into e-commerce and compete with Amazon Inc’s (AMZN.
KUWAIT (Reuters) - The secretary-general of the Organization of the Petroleum Exporting Countries said on Sunday that he was confident of seeing a more balanced oil market in 2016.“We need to keep investing, it is essential for our industry.
(Reuters) - The officers who run the California Public Employees’ Retirement System (CalPERS) are proposing to lower investment targets, a move that could lead to higher contributions for government workers across California, The Wall Street Journal reported on Monday.The plan for CalPERS, the largest pension fund in the United States, would reduce the fund’s return assumption of 7.
N) on Friday named a new chief financial officer and installed a chief merchant, marking the latest shuffling of its management ranks as the retailer grapples with sluggish earnings.Related CoverageWal-Mart names chief merchandising officer for Walmart U.
N) is in advanced talks to sell a specialty finance portfolio, worth more than $30 billion, to Wells Fargo & Co (WFC.A deal could be announced by the time Wells Fargo publishes its third-quarter earnings on Wednesday, the person added, cautioning that the negotiations were ongoing and could still fall apart.
The Commerce Department said on Friday that wholesale inventories increased 0.The component of wholesale inventories that goes into the calculation of GDP - wholesale stocks excluding autos -rose 0.
DETROIT (Reuters) - United Auto Workers President Dennis Williams on Friday said that the new proposed four-year contract with Fiat Chrysler Automobiles NV (FCAU.MI) gives lower paid workers a clearer path to top pay.
IPO is expected to raise as much as $900 million at the planned price range of $48-$52 per share.” FCA said that it expects Ferrari to go public by mid-October.
NEW YORK (Reuters) - The Federal Reserve should have raised rates in March, said Morgan Stanley Chief Executive James Gorman.“The Fed has kept rates too low too long,” Gorman said at an event at the New York University Stern School of Business.
Thursday’s announcement follows similar price cuts of the console in Asia, including its home market Japan, and adds pressure on rival Microsoft Corp, whose Xbox One system has lagged the PlayStation 4 in global sales.Videogames, along with sensors, have helped lead a turnaround at Sony which is still struggling with weak smartphone and TV sales.
WASHINGTON (Reuters) - The number of Americans filing new applications for jobless benefits fell more than expected to near a 42-year low last week, pointing to ongoing tightening in the labor market despite the recent slowdown in hiring.Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 263,000 for the week ended Oct.
The agreement must be ratified by a vote of Fiat Chrysler’s 40,000 union workers in the United States.A previous proposed contract was rejected by rank and file UAW workers at Fiat Chrysler in voting late last month.