Wall St. closes up, registers third week of gains
(Reuters) – U.S. stocks ended higher on Friday, notching a third week of gains, lifted by a jump in General Electric shares and upbeat consumer sentiment data.
GE beats profit expectations as aviation counters weak oil segment
(Reuters) – General Electric Co reported a better-than-expected quarterly profit on Friday, helped by cost cuts and higher sales of its jet engines business that offset struggles in its oil and gas segment.
Exclusive: Lockheed eyes overhead cuts of up to 30 percent
WASHINGTON (Reuters) – Lockheed Martin Corp , the Pentagon’s No. 1 supplier, has launched a review aimed at cutting corporate overhead costs by as much as 30 percent, according to two sources familiar with the initiative.
Mets’ winning mojo helps team flex post-Madoff financial muscle
(Reuters) – Fans of the New York Mets had bemoaned the negative impact of the Bernie Madoff financial scandal on the Major League Baseball team’s payroll until Thursday night’s series-clinching victory over the Los Angeles Dodgers.
Steve Ballmer takes 4 percent stake in Twitter, owns more than CEO
SAN FRANCISCO (Reuters) – Former Microsoft Corp Chief Executive Steve Ballmer has taken a 4 percent stake in Twitter Inc , according to his spokesman, making him the third-biggest individual shareholder in the social media company.
Google book-scanning project legal, says U.S. appeals court
NEW YORK (Reuters) – A U.S. appeals court ruled on Friday that Google’s massive effort to scan millions of books for an online library does not violate copyright law, rejecting claims from a group of authors that the project illegally deprives them of …
U.S. consumer sentiment rebounds; industrial output weak
WASHINGTON (Reuters) – U.S. consumer sentiment rebounded strongly in early October, suggesting that the economic recovery remained on track despite headwinds from a strong dollar and weak global demand that have weighed on the industrial sector, partic…
U.S. holiday sales expected to rise 2.8 percent in 2015: RetailNext
CHICAGO (Reuters) – U.S. holiday sales are expected to rise a modest 2.8 percent in 2015, as a sluggish economic recovery is likely to weigh on consumer spending, analytics firm RetailNext said on Friday.
Exclusive: Silicon Valley IPO market boom winding down
SAN FRANCISCO (Reuters) – Last year, many tech IPOs enjoyed soaring valuations in their Wall Street debut, raining cash on the companies and their investors and boosting concerns about another Silicon Valley bubble.
Honeywell revenue misses on weak demand from oil, gas customers
(Reuters) – Honeywell International Inc , a maker of industrial, aerospace and auto components, reported lower-than-expected quarterly revenue, hurt by weak demand from oil and gas customers.
