Twitter’s results show its turnaround Moment still far off
(Reuters) – Twitter Inc may be counting on Moments to drive growth, but the moment for celebrating a turnaround still looks far off.
GM offering UAW bigger bonus, profit sharing than FCA: Bloomberg
(Reuters) – General Motors Co’s tentative agreement with the United Auto Workers union offers hourly employees a signing bonus of as much as $8,000 and better profit-sharing than Fiat Chrysler Automobiles NV , Bloomberg reported.
GE to spend $200 million on two factories for jet engine parts
(Reuters) – General Electric Co said on Wednesday it will spend more than $200 million to build two factories in Alabama to expand its capacity to make high strength materials for jet engines and power plant turbines.
U.S. third-quarter GDP forecasts raised after trade data
WASHINGTON (Reuters) – U.S. third-quarter economic growth could surprise on the upside after government data on Wednesday showed the goods trade deficit narrowed sharply to a seven-month low in September.
Diageo’s India unit eyes high-end spirits to reverse market share loss
MUMBAI (Reuters) – India’s United Spirits Ltd will scale back its roster of more than 150 brands and focus on the faster-growing top end, hoping to bolster its fortunes in a market dominated by cheaper, local names.
Exclusive: Bombardier to book major writedowns, outline cash infusion from Quebec – sources
WASHINGTON/MONTREAL (Reuters) – Canada’s Bombardier is set to book a writedown on its CSeries program and announce that the government of Quebec will be investing in the narrowbody jet program, according to several sources familiar with the matter.
Hess posts third-quarter loss on crude price slump, beats expectations
(Reuters) – Oil producer Hess Corp reported an adjusted quarterly loss on Wednesday but beat expectations as a sharp drop in capital spending and other cost cuts helped offset a 60 percent slump in crude prices in the past year.
Twitter’s results show its turnaround Moment still far off
(Reuters) – Twitter Inc may be counting on Moments to drive growth, but the moment for celebrating a turnaround still looks far off.
VW slumps to first quarterly loss in at least 15 years
BERLIN (Reuters) – Volkswagen posted its first quarterly loss in at least 15 years on Wednesday and said the 6.7 billion euros ($7.4 billion) set aside to cover the costs of its rigging of diesel emissions tests was likely just a start.
Hershey cuts forecast on weak demand, higher marketing costs
(Reuters) – Chocolate maker Hershey Co cut its full-year profit forecast, hurt by weak demand in North America and higher marketing costs ahead of the holiday season.
