Ford lowers 2016 pre-tax profit forecast on expanded recall
(Reuters) – Ford Motor Co lowered its 2016 adjusted pre-tax profit forecast to $10.2 billion from the at least $10.8 billion it forecast in July because of a $640 million charge for an expanded vehicle recall, the company said on Thursday.
Oil soars, Brent hits $50/bbl as U.S. Gulf imports hit record low
NEW YORK (Reuters) – Oil prices surged over 4 percent on Thursday, with Brent briefly touching $50 a barrel for the first time in two weeks, after a surprisingly huge drawdown in U.S. crude stocks as Gulf Coast imports slumped to a record low.
Apple will not give first-weekend sales of iPhone 7
SAN FRANCISCO (Reuters) – Apple Inc will not release first-weekend sales of its new iPhone 7, the company said on Thursday, making it harder for analysts to get a read on the product’s prospects amid questions over whether its popularity has peaked.
Google to buy software developer Apigee for $625 million
SAN FRANCISCO (Reuters) – Alphabet Inc’s Google said on Thursday it is acquiring software developer Apigee Corp in a deal valued at about $625 million, the tech giant’s latest effort to claim a greater share of the lucrative cloud business.
Dell to cut 2,000-3,000 jobs as EMC deal closes: Bloomberg
(Reuters) – Dell Technologies, which completed the acquisition of data storage company EMC Corp on Wednesday, will cut 2,000-3,000 jobs, Bloomberg reported.
VW says did not break EU consumer rules in emissions scandal
FRANKFURT (Reuters) – Volkswagen has rejected suggestions it may have breached European Union consumer rules in connection with its emissions cheating scandal, and said it does not see the need to compensate affected car owners.
EU to extend some telecom security rules to WhatsApp, Skype: draft
BRUSSELS (Reuters) – The European Union is set to extend some security rules currently only applicable to telecom operators to web services such as WhatsApp , Skype and Apple Inc’s FaceTime , according to a draft proposal seen by Reuters.
Liberty takeover offers a longer-term vision for F1
LONDON (Reuters) – Liberty Media’s takeover of Formula One promises a long-term strategy for the cash-rich sport with a sharper focus on new media markets and another attempt to expand in North America.
Monte dei Paschi says CEO Viola agrees to step down
MILAN (Reuters) – Troubled Italian lender Monte dei Paschi di Siena said on Thursday Chief Executive Fabrizio Viola had agreed to step down and that the bank was working on appointing a replacement quickly.
ECB hints at stimulus but keeps markets guessing
FRANKFURT (Reuters) – The European Central Bank held interest rates at record lows and kept the door open to more stimulus on Thursday but gave few hints about its next move, disappointing markets that had priced in a decisively dovish tone.
