Exclusive: McKinsey worked with South African firm after learning of Gupta links – sources
JOHANNESBURG (Reuters) – Global consultancy McKinsey worked with a firm in South Africa for four months after learning it was controlled by the Gupta brothers, business friends of President Jacob Zuma accused of corruption, four sources familiar with t…
AIG’s $836 million reserve boost surprises investors; shares sink
(Reuters) – American International Group Inc shares sank 4.5 percent on Friday as investors reacted to a surprise $836 million boost to the insurance giant’s reserves, related to prior-year accident claims.
BMW recalling 1 million vehicles in North America
WASHINGTON (Reuters) – BMW AG said on Friday it is recalling about 1 million vehicles in North America for two separate issues involving fire risks and said it may expand the recalls to other countries.
Wall Street flat as Apple offsets weak wage growth concerns
(Reuters) – U.S. stocks were flat in early trading on Friday after October payrolls data triggered concerns about weak wage growth and drop in labor force participation.
U.S. factory orders rise, core capital goods orders revised higher
WASHINGTON (Reuters) – New orders for U.S.-made goods rose for a second straight month in September and orders for core capital goods were stronger than previously reported, suggesting manufacturing activity was gathering momentum.
Airbus sales chief says to stay on until successor is found
HAMBURG/PARIS (Reuters) – Airbus’ long-serving sales chief John Leahy plans to stay on until a successor is found, with a decision expected within the next week or so, he told Reuters on Friday.
Cryptocurrencies’ market cap hits record $200 billion as bitcoin soars
LONDON (Reuters) – The aggregate value of all cryptocurrencies hit a record high of over $200 billion on Wednesday, according to industry website Coinmarketcap, putting their reported market value at more than that of U.S. banking giant Citigroup .
U.S. job growth speeds up, unemployment rate falls; wages flat
WASHINGTON (Reuters) – U.S. job growth accelerated in October after hurricane-related disruptions in the prior month, but a sharp retreat in annual wage gains and surge in the number of people dropping out of the work force cast a cloud over the labor …
Wall St set to open higher on jobs data, Apple results
(Reuters) – Wall Street was poised to open higher on Friday after robust October jobs data report added to upbeat investor sentiment following Apple’s blowout results and strong initial demand for the company’s new iPhone X.
Futures extend gains after October jobs report
(Reuters) – U.S. stock index futures slightly extended gains on Friday after a Labor Department report showed October nonfarm payrolls rose, after hurricane-related disruptions hurt employment in September.
