China September factory activity expands marginally as orders edge up-Caixin PMI
BEIJING, Sept 30 (Reuters) – China’s factory activity expanded in September as domestic and export orders picked up but the improvement was marginal and manufacturers continued to shed jobs, a private business survey showed on Friday.
U.S. House panel lambastes Wells Fargo boss over phantom accounts
WASHINGTON/NEW YORK (Reuters) – U.S. lawmakers called on Thursday for Wells Fargo & Co chief John Stumpf to resign and a top House Democrat demanded the bank be broken up because it is too big to manage.
Judge takes over questioning ex-AIG chief Hank Greenberg
NEW YORK (Reuters) – The New York judge weighing whether ex-AIG chief Maurice “Hank” Greenberg should be liable for accounting fraud on Thursday pressed the 91-year-old executive about why AIG had created an offshore entity for losses from a failed aut…
Boeing nears wide-body jet sale to Qatar Airways: sources
(Reuters) – Boeing Co is close to clinching a large sale of widebody jetliners to Qatar Airways, a deal that moved closer with the recent U.S. approval of Boeing fighter jet sales to the Gulf nation, according to two people familiar with the situation…
Costco quarterly profit beats on lower fees to Visa
(Reuters) – Warehouse club retailer Costco Wholesale Corp reported a higher-than-expected quarterly profit as it benefited from paying lower fees to credit card partner Visa Inc and shoppers spent more on appliances, electronics and hardware.
Wall Street falls sharply on worries about banks
(Reuters) – Wall Street dropped on Thursday, weighed down by Apple as well as selling in Wells Fargo, Citigroup and other major banks as investors worried about the health of Deutsche Bank.
Salesforce urges EU to probe Microsoft, Linkedin antitrust issues
BRUSSELS (Reuters) – U.S. software company Salesforce called on EU regulators on Thursday to investigate antitrust issues related to Microsoft’s $26 billion bid for social network LinkedIn.
Yellen says Fed purchases of stocks, corporate bonds could help in a downturn
WASHINGTON (Reuters) – The Federal Reserve might be able to help the U.S. economy in a future downturn if it could buy stocks and corporate bonds, Fed Chair Janet Yellen said on Thursday.
Google rebrands cloud business, adds more artificial intelligence
(Reuters) – Alphabet Inc’s Google said on Thursday it renamed its business-to-business cloud computing brand and enhanced some enterprise applications using artificial intelligence, the company’s latest gambit to better compete with Amazon.com and Micr…
CBS, Viacom reunion could lift both after media upheaval
LOS ANGELES/NEW YORK (Reuters) – Eleven years ago, media mogul Sumner Redstone declared “the age of the conglomerate is over” as he prepared to split old-school broadcaster CBS from the fast-growing Viacom Inc cable networks and the Paramount film stu…
