Lawyer for accused ‘flash crash’ trader calls U.S. extradition request false
LONDON (Reuters) – The U.S. request to extradite London-based trader Navinder Sarao, accused of helping to spark the 2010 Wall Street “flash crash”, is “false and misleading” because it misrepresented the way markets work, his lawyer said on Thursday.
GM plans to add 1,200 workers at its remaining Detroit plant
DETROIT (Reuters) – General Motors Co plans to add a second shift at its Detroit-Hamtramck plant, responding to forecast demand for the four models the plant makes and anticipating production of Cadillac’s new flagship sedan, the company said on Thursd…
Wall St. opens higher after McDonald’s results, job data
(Reuters) – Wall Street opened higher on Thursday after strong results from McDonald’s and eBay lifted sentiments and jobless claims data supported evidence of a healthy labor market.
GM’s Vauxhall may need to recall Zafira cars after fires reported
LONDON (Reuters) – Vauxhall may need to recall tens of thousands of its Zafira mid-sized cars after reports of fires in some heating and ventilation systems, the General Motors-owned British carmaker said on Thursday.
U.S. existing home sales rise more than expected, inventory tighter
WASHINGTON (Reuters) – U.S. home resales rose more than expected in September to the second highest monthly sales pace since February 2007, suggesting the housing market continues to show strength compared to the rest of the economy.
Lilly beats forecasts on cost cuts, raises 2015 view
(Reuters) – Eli Lilly & Co reported better-than-expected quarterly earnings due to cost controls and sales of new treatments for diabetes and cancer, keeping the U.S. drugmaker on track for its planned return to growth this year.
Dow Chemical reviews options for agri unit, restructures JVs
(Reuters) – Dow Chemical Co said it would “review all options” for its agrosciences business, where sales have been falling for a year, and restructure its joint ventures in Kuwait.
Higher royalties, ice cream sales help Dunkin’ beat estimates
(Reuters) – Dunkin’ Brands Group Inc reported better-than-expected quarterly revenue and profit, helped by a rise in royalties from franchisees and higher sales at Baskin-Robbins ice cream shops.
VW examines newer engine’s involvement in emissions scandal
BERLIN (Reuters) – Volkswagen is looking into whether cars using older versions of its current diesel engines may have contained software used to manipulate emissions test data, which could mean a widening of a scandal that has rocked the German carmak…
Nasdaq profit jumps on higher trading volumes, Dorsey Wright deal
(Reuters) – Transatlantic exchange operator Nasdaq Inc reported a 12 percent jump in quarterly profit, helped by the acquisition of data analytics firm Dorsey Wright and higher equity trading volumes.
