Alstom closes sale of energy business to GE
PARIS (Reuters) – Alstom said it had completed the 12.35 billion euro ($13.6 billion) sale of its energy business to General Electric Co , helping the French group refocus on its transport business.
Global factories struggle as stimulus fails to spur
LONDON/SYDNEY (Reuters) – Massive monetary stimulus from Chinese and European central banks has done little to spur factory growth, moving a debate over more easing up the agenda and raising doubts over whether U.S. interest rates will rise this year.
DuPont to consolidate businesses within two units
(Reuters) – Chemicals and seed maker DuPont said it would consolidate some businesses within two units – one that makes nylon and polyster and another that makes materials such as Kevlar.
Oil slides on slower Chinese factories, record Russian output
LONDON (Reuters) – Oil prices fell on Monday as weak Chinese economic data fueled concerns about demand slowing there and record-high production in Russia exacerbated the global supply glut.
Stocks fall on China data, but stronger euro zone lifts gloom
LONDON (Reuters) – Stocks fell in Europe and Asia on Monday after further evidence of economic slowdown in China, but modest growth in German factory activity slightly brightened the mood.
Loews profit falls 12.5 percent as insurance, drilling units weigh
(Reuters) – Hotel, energy and financial services conglomerate Loews Corp reported a 12.5 percent drop in quarterly profit, hurt by lower revenue from its two major units – multiline insurer CNA Financial Corp and Diamond Offshore Drilling Inc .
U.S. small-business borrowing rose in September: PayNet
(Reuters) – U.S. small businesses boosted borrowing in September, an index released on Monday showed, a sign that more firms are betting on an increase in household spending in the coming months.
General Motors recalls 9,354 Opel Meriva-B cars in Russia
MOSCOW (Reuters) – General Motors has voluntarily recalled 9,354 Opel Meriva-B cars that had been sold in Russia, a Russian technical standards watchdog said on Monday.
Wary investors eye China’s back-door entry into MSCI indexes
HONG KONG (Reuters) – MSCI will begin to add overseas-listed Chinese shares to its emerging market indexes this month, drawing billions of dollars into such stocks, which could eventually lead to mainland-listed companies finding their way into global …
Chipotle shuts Seattle, Portland stores after E. coli outbreak
NEW YORK/LOS ANGELES (Reuters) – Chipotle Mexican Grill Inc said on Sunday it had closed all its restaurants in two West Coast markets due to a reported outbreak of E. coli bacteria that is being investigated by the company and health authorities.
