Delta posts smaller-than-expected fall in passenger unit revenue
(Reuters) – Delta Air Lines Inc reported a smaller-than-expected drop in consolidated passenger unit revenue for September and maintained its operating margin forecast for the quarter despite suffering a system outage in August.
Chevron supports director Stumpf despite Wells Fargo morass
HOUSTON (Reuters) – Chevron Corp on Monday said it stands behind John Stumpf, a member of its board and the chief executive of bank Wells Fargo & Co , despite growing concerns about his leadership during a customer service scandal.
U.S. regulators open probe into brake issues on Ford F-150 trucks
DETROIT (Reuters) – U.S. vehicle safety regulators have opened an investigation into complaints of brake problems in an estimated 282,000 recent model year Ford F-150 pickup trucks, the National Highway Traffic Safety Administration said on its website…
Fed’s Lacker says he would have dissented at September meeting
CHARLESTON, W.V. (Reuters) – Richmond Federal Reserve President Jeffrey Lacker said he would have voted in favor of an interest rate hike at the Fed’s September policy meeting had he been able to vote, reflecting the growing pressure on Fed Chair Janet…
U.S. election, rate outlook to curb Wall Street gains this year: Reuters poll
NEW YORK (Reuters) – Uncertainty surrounding the U.S. presidential election, expectations for higher interest rates and weak corporate earnings will keep U.S. stocks from advancing much in the fourth quarter, according to strategists in a Reuters poll….
Bill Gross of Janus warns financial markets have become ‘a Vegas casino’
NEW YORK (Reuters) – Global central bank policy makers have turned world financial markets into a casino, thanks to their unprecedented monetary policies, warned bond investor Bill Gross of Janus Capital Group on Tuesday.
Zika vaccine race spurred by crisis and profit potential
NEW YORK (Reuters) – The race to find protection against the Zika virus is fueled by something often missing from tropical disease research: the potential for big profit.
Road to stagnation? China Inc gets a break from lenders
HONG KONG (Reuters) – Profits at roughly a quarter of Chinese companies in a Reuters analysis were too low in the first half of this year to cover their debt servicing obligations, as earnings languish and loan burdens increase.
EU ruling on $25 billion Abbott, St. Jude deal due by November 9
BRUSSELS (Reuters) – EU antitrust regulators will decide by Nov. 9 whether to clear U.S. pharmaceuticals company Abbott Laboratories’ $25-billion bid for St. Jude Medical Inc aimed at helping it better compete with bigger rivals.
Hong Kong tycoon Woo’s Wharf agrees to sell telecom unit to TPG, MBK for $1.2 billion: source
HONG KONG (Reuters) – Hong Kong tycoon Peter Woo’s Wharf Holdings Ltd has agreed to sell its telecom business to a consortium of TPG Capital Management LP and MBK Partners for HK$9.5 billion ($1.22 billion), a person familiar with the matter told Reut…
