Wells Fargo posts fourth straight revenue miss on mortgage issues
(Reuters) – Wells Fargo & Co reported an 19 percent profit decline on Friday and weaker revenue than Wall Street had expected for the fourth consecutive quarter due to mortgage issues, sending its shares down 3.5 percent.
Facebook launches U.S. food order and delivery service
(Reuters) – Facebook Inc on Friday launched a service through which its U.S. users can order food for take-away or delivery directly through its app or website.
Lufthansa’s swoop on Air Berlin stirs competition concerns
LONDON/VIENNA (Reuters) – With the ink barely dry on Lufthansa’s deal to take over large parts of insolvent Air Berlin, the airline risks having its wings clipped by regulators and rivals concerned about unfair competition.
Wells Fargo hit by legal costs, revenue misses Street view
(Reuters) – Wells Fargo & Co earnings scraped past Wall Street estimates but revenue missed for the fourth straight quarter, sending shares of the third-largest U.S. bank by assets down 3 percent in pre-market trading.
Consumer banking powers BofA profit beat
(Reuters) – Bank of America Corp’s profit surged 15 percent in the third quarter as higher U.S. interest rates boosted income from consumer banking and the lender also met its own target on cost control.
As crisis at Kobe Steel deepens, CEO says cheating engulfs 500 firms
TOKYO (Reuters) – The cheating crisis engulfing Kobe Steel Ltd just got bigger.
Airbus CEO warns of significant fines over corruption probe
PARIS (Reuters) – Airbus Chief Executive Tom Enders reiterated on Friday the group could face significant fines as the result of UK and French corruption investigations into the use of middlemen in plane sales.
Dollar heads for worst week in five as stocks cheer record streak
LONDON (Reuters) – World stocks advanced for a fourth straight day on Friday on expectations of broad-based global growth, while the dollar was on course for its worst week in five as investors awaited U.S. inflation data.
BofA profit rises on higher rates, lower costs
(Reuters) – Bank of America Corp beat expectations with a 15 percent rise in third-quarter profit on Friday as the second-largest U.S. lender kept a tight leash on costs and benefited from higher interest rates.
EU clears Atlantia-Abertis tie-up as ACS readies rival bid
BRUSSELS/FRANKFURT/MILAN (Reuters) – Atlantia’s 17-billion-euro ($20 billion) bid for fellow toll road operator Abertis won unconditional EU antitrust clearance on Friday as Spanish builder ACS looked to prepare a rival bid.
