India’s Tata group accuses ousted chairman of malice
NEW DELHI/MUMBAI (Reuters) – Tata Sons accused its former chairman, Cyrus Mistry, of making “unsubstantiated claims and malicious allegations” against the Indian conglomerate as the gloves came off in a bitter and highly public row over his sacking ear…
U.S. business spending tepid; labor market firming
WASHINGTON (Reuters) – New orders for U.S. manufactured capital goods unexpectedly fell in September amid weak demand for computers and electronic products, which could temper expectations for an acceleration in business spending in the fourth quarter….
Ford idling Focus plant in Michigan extra two weeks on light demand
DETROIT (Reuters) – Ford Motor Co said on Thursday it will idle the Wayne, Michigan factory an extra two weeks by the end of the year. The plant makes the light-selling Focus compact and C-Max hybrid cars to adjust supply with demand.
Oft-divided SEC speaks with one voice when suing corporations: records
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission has released a collection of internal voting records, long held secret, that reveal it to be less divided than is commonly thought.
FCC will not say if agency will review AT&T purchase of Time Warner
WASHINGTON (Reuters) – U.S. Federal Communications Commission Chairman Tom Wheeler on Thursday declined to say if he thinks the commission will review AT&T’s proposed $85.4 billion purchase of Time Warner Inc.
UPS places $5.3 billion order for 14 Boeing 747 cargo jets
NEW YORK (Reuters) – United Parcel Service Inc said on Thursday it ordered 14 Boeing 747-8 cargo jets, a deal worth $5.3 billion at list prices that potentially breathes new life into an aircraft Boeing had warned it might cancel.
Germany stalls Osram unit sale to Chinese buyers: WirtschaftsWoche
FRANKFURT (Reuters) – The German government has turned down pending a review a Chinese request for approval of a takeover of Osram’s Ledvance unit, German WirtschaftsWoche reported on Thursday, citing financial sources.
As cracks emerge in global oil pact, Saudis may need to compromise
DUBAI (Reuters) – Tough negotiations await a group of OPEC experts as they meet their counterparts from other oil producers such as Russia on Oct. 28-29 to hammer out details of an output-capping agreement, with disagreements threatening to scupper the…
Tesla up on surprise profit, reassurance on capital plans
(Reuters) – Tesla Motors Inc shares rose 5 percent in premarket trading on Thursday as investors welcomed the electric car maker’s first quarterly profit in more than three years and its reassurance that the Model 3 sedan would not need new capital.
Deutsche Bank warns of tough times ahead as braces for U.S. fine
FRANKFURT (Reuters) – Deutsche Bank chief John Cryan pledged to redouble restructuring efforts on Thursday, warning that the bank faces tough times ahead as it finalizes talks with U.S. justice authorities over a multi billion dollar fine.
