UAW workers at two more GM plants back contract: Detroit News
(Reuters) – Workers at General Motors Co’s two large assembly plants in Ohio and Michigan backed the company’s new four-year contract with the United Auto Workers, the Detroit News reported.
Issues that deterred Fed from September rate hike largely disappeared: Bullard
ST. LOUIS (Reuters) – The worries about China and other global problems that caused the Fed to delay an interest rate hike in September have largely passed, St. Louis Fed President James Bullard said on Friday, spelling out the arguments for a rate hik…
Valeant says Goldman Sachs sold 1.3 million shares backing loan to CEO
NEW YORK (Reuters) – Valeant Pharmaceuticals International said on Friday that Goldman Sachs sold 1.3 million shares of Valeant on Nov. 5 that were securing loans made to its CEO Michael Pearson.
Surging U.S. job growth lowers bar for December Fed rate hike
WASHINGTON (Reuters) – Solid growth in the number of U.S. jobs last month greatly boosts the case for a December interest rate hike by the Federal Reserve, where policymakers have begun to worry the economy might eventually overheat without higher borr…
Alibaba to pay about $3.7 billion for ‘China’s YouTube’
(Reuters) – Alibaba Group Holding Ltd agreed to buy Youku Tudou Inc – popularly known as “China’s YouTube” – for about $3.7 billion, slightly more than it had offered in October.
Dollar at three-month high as pre-payrolls paralysis sets in
LONDON (Reuters) – The dollar reached a three-month high on Friday and world shares headed for their fifth week of gains out of six, before U.S. jobs data that may nudge the Federal Reserve towards its first interest rate increase in almost a decade.
Health insurer Cigna reports better-than-expected profit
(Reuters) – Health insurer Cigna Corp reported a better-than-expected quarterly profit, helped by higher enrollments in its government plans and favorable medical costs.
New York investigating Exxon over climate statements: source
(Reuters) – The New York attorney general has launched an investigation into whether Exxon Mobil Corp misled the public and shareholders about the risks of climate change.
Takata slashes outlook as automakers drop its air bag inflators
TOKYO (Reuters) – Japanese auto parts supplier Takata Corp slashed its annual earnings forecast on Friday, and said it had yet to determine the full impact of a global safety recall as customers began ditching its air bag inflators.
AstraZeneca buys ZS Pharma for $2.7 billion, pips Actelion
LONDON (Reuters) – Britain’s AstraZeneca said on Friday it had agreed to buy U.S biotech company ZS Pharma for $2.7 billion, pipping Swiss firm Actelion to the prize in the latest bout of deal-making for the hyperactive healthcare sector.
