(Reuters) - The following is an excerpt covering the Federal Open Market Committee’s discussion of monetary policy taken from the minutes of the FOMC’s Sept.For a full text, see here ”In their discussion of monetary policy for the period ahead, members judged that information received since the FOMC met in July indicated that economic activity was expanding at a moderate pace.
CHICAGO (Reuters) - A 20 percent quarterly profit jump for global grains trader Cargill Inc [CARG.The core businesses of companies like ADM, Bunge and Cargill make money by buying, selling, transporting, storing and processing grains and oilseeds.
6 percent of Monsanto’s regular workforce, according to the company.The restructuring, which caps a year when Monsanto’s sales fell more than 5 percent, comes during an agricultural slump and a currency collapse in the important Brazilian market.
DE) Chief Executive Matthias Mueller said in an interview with a German newspaper that the company would launch a recall for cars affected by its diesel emissions crisis in January and complete the fix by the end of next year.“If all goes according to plan, we can start the recall in January.
SYDNEY (Reuters) - Embattled miner and commodities trader Glencore Plc on Wednesday called on delegates meeting for a global climate summit later this year to adopt a policy that recognizes coal as an important energy source.“We need global policy that acknowledges the global energy reality that fossil fuels including coal will continue to be used,” Glencore head of global coal assets Peter Freyberg said in prepared remarks for a speech in Australia.
HAMBURG (Reuters) - A German court said on Wednesday it had appointed Volkswagen (VOWG_p.DE) finance chief Hans Dieter Poetsch to the carmaker’s supervisory board at management’s request.
WASHINGTON (Reuters) - Canada’s Bombardier Inc (BBDb.TO) on Tuesday said it had held talks with European planemaker Airbus (AIR.
automaker Fiat Chrysler Automobiles NV, UAW members said Friday.have threatened a walkout over local contract disputes for Sunday at noon local time.
(Reuters) - Activist investor Nelson Peltz’s fund has bought a $2.5 billion stake in General Electric Co, adding fresh pressure on the U.
LONDON (Reuters) - The world’s nine biggest insurance companies will have to hold more capital under new rules just finalised by global regulators that aim to prevent taxpayer bailouts of the industry in a crisis.At the request of the Group of 20 economies (G20), the International Association of Insurance Supervisors (IAIS) has completed a two-part capital requirement for the nine companies, whose collapse could wreak havoc in global markets.
(Reuters) - Lockheed Martin Corp (LMT.The contemplated transaction would create the largest government services contractor in the United States and would generate an estimated $2 billion windfall for Lockheed, the people said.
Penney Co Inc said Prudential Insurance Co of America will take over administration and benefit payments to 43,000 retirees as part of a plan that will reduce its $5 billion U.The department store operator said about 12,000 retirees and surviving beneficiaries of the company’s qualified pension plan had elected to receive lump-sum payments.
The euro zone bailout fund has up to 25 billion euros ($28 billion) earmarked for the recapitalization of the Greek banking sector under Athens’ third bailout.The remaining one billion and the 15 billion for banks would depend on the second set of reform milestones.
A source close to Glencore confirmed that the meeting had mainly focused on the balance sheet and debt reduction plan.On Wednesday, Glencore said it was on track to sell a stake in its agricultural business by early next year, according to Barclays.
For the quarter, the Dow fell 7.9 percent and Nasdaq fell 7.
NEW YORK (Reuters) - Billionaire activist investor Carl Icahn said on Wednesday he would recommend investors hold cash given market risks and that he was “seriously considering” buying “a lot more” shares of Apple Inc.“I would say keep cash,” Icahn told cable television network CNBC.
LONDON (Reuters) - British supermarket Sainsbury’s raised its profit forecast and posted better-than-expected quarterly sales on Wednesday, sending its shares soaring on hopes the worst may be over for the battered sector.The supermarket said that meant it was on course to beat the average analyst forecast of 548 million pounds ($831 million) for 2015-16 underlying pretax profit, sending its shares up 14.
TOKYO (Reuters) - Japan Tobacco Inc (2914.T) has agreed to pay $5 billion for Reynolds American Inc’s RAI.
L) plans to hire several financial crime-fighting staff in the Middle East, according to online jobs postings, as it seeks to strengthen controls after legal and compliance problems in the United States.A spokesman for Standard Chartered said it continued to build on its investments in legal and regulatory capabilities.