China’s October factory, services surveys show economy still wobbly
BEIJING (Reuters) – Activity in China’s manufacturing sector unexpectedly contracted in October for a third straight month, an official survey showed on Sunday, fuelling fears the economy may still be losing momentum in the fourth quarter despite a raf…
Sprint says aims to slash costs up to $2.5 billion, layoffs loom
(Reuters) – Wireless carrier Sprint Corp said on Sunday it aims to slash fiscal 2016 expenses by as much as $2.5 billion, through layoffs and a wide array of cost controls, as an essential part of its ongoing turnaround efforts.
Japan final October manufacturing PMI hits one-year high as demand grows
TOKYO, Nov 2 (Reuters) – Japanese manufacturing activity in October expanded at the fastest pace in a year as new domestic and export orders increased, a private business survey showed on Monday.
Sprint says aims to slash costs up to $2.5 billion in turnaround effort
(Reuters) – Wireless carrier Sprint Corp on Sunday said it aims to slash its expenses in fiscal year 2016 by as much as $2.5 billion as an essential element of its ongoing turnaround effort, including layoffs and a wide array of cost controls.
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.
Airbnb wages $8 million campaign to defeat San Francisco measure
SAN FRANCISCO (Reuters) – Airbnb has spent more than $8 million and hired a top political operative to defeat a San Francisco initiative on the ballot Tuesday that could threaten the growth of one of the most valuable global technology companies.
Commerzbank says CEO Blessing to quit next October
BERLIN/FRANKFURT (Reuters) – Commerzbank Chief Executive Martin Blessing will step down from the role next October, the bank said on Sunday, leaving Germany’s second largest lender seeking a new CEO as it comes out of a turnaround.
Lufthansa cabin crew union says pay talks have failed
FRANKFURT/BERLIN (Reuters) – Talks between Lufthansa and its main cabin crew union have failed, the union said late on Saturday, raising the prospect of more strikes at the German carrier.
As Swedish central bank fights deflation, housing bubble worries mount
STOCKHOLM (Reuters) – House buyers in Sweden have never had it so good, at least by some measures. But cheap credit and spiraling prices may be creating a bubble – one that could send the country’s economy reeling when it bursts.
U.S. jobs data to hold key to Fed’s rate plans
FRANKFURT (Reuters) – U.S. jobs data due in the coming week may hold the key to whether the Federal Reserve will raise interest rates for the first time since 2006 in December, signaling its intention to end an era of almost-free dollars.
