Germany’s Schaeuble advocates leap in euro integration
ABU DHABI (Reuters) – German Finance Minister Wolfgang Schaeuble has called days before an EU summit for a leap forward in European integration, saying the bloc needs a new commissioner with power over budgets and reform of European Parliament decision…
Citigroup CEO Vikram Pandit resigns
(Reuters) – Citigroup Inc Chief Executive Vikram Pandit resigned abruptly on Tuesday, effective immediately, a shock change at the top of the No. 3 U.S. bank just one day after a surprisingly strong quarterly earnings report.
Goldman Sachs’ investment gains lead to profit beat
(Reuters) – Goldman Sachs Group Inc reported higher-than-expected quarterly earnings on Tuesday as revenue more than doubled on big gains in stocks and bonds that the Wall Street bank holds as investments.
J&J third-quarter profit beats as drugs, devices deliver
(Reuters) – Johnson & Johnson reported better-than-expected quarterly results on Tuesday, as prescription drug sales rebounded with the help of newer products and jitters about medical device sales proved unfounded.
Gap makes more changes to its executive lineup
(Reuters) – Gap Inc is placing each of its divisions under a single global executive, the retailer said on Tuesday, as it recreates its model for its Old Navy unit.
Analysis: Xstrata investors get pay vote but may not risk stand
That could be advice for corporate governance advocates who sought a separate vote on the lavish executive pay deal that was bundled in as part of the terms of the $33 billion merger between Glencore and Xstrata.
Coca-Cola’s revenue misses Wall Street expectations
(Reuters) – Coca-Cola Co reported quarterly revenue that came in short of Wall Street expectations on Tuesday, hurt by declines in Europe and Asia where it sold more lower-priced drinks.
Gasoline fuels inflation, but Fed policy seen steady
WASHINGTON (Reuters) – Consumer prices rose in September as the cost of gasoline surged, posing a threat to consumers’ spending power although inflation pressures look unlikely to derail the Federal Reserve’s ultra-easy policy path.
GM Cadillac to start making ELR plug-in hybrid in late 2013
DETROIT (Reuters) – The production of the Cadillac ELR, the first luxury plug-in hybrid electric vehicle from General Motors Co, is to begin in late 2013 at the same plant that makes the Chevrolet Volt, a top GM official said on Tuesday.
Eleven euro states back financial transaction tax
LUXEMBOURG/ATHENS (Reuters) – Eleven euro zone countries agreed on Tuesday to press ahead with a disputed tax on financial transactions designed to help pay for the cost of fixing a crisis that has rocked the single currency area.
