Oil slides for fourth day on big build in U.S. crude stocks
NEW YORK (Reuters) – Oil prices fell more than 1 percent on Thursday, down for the fourth day as the U.S. government reported a larger-than-expected crude stockpile build.
Dudley downplays Fed divisions, says policymakers on same page
WASHINGTON (Reuters) – U.S. Federal Reserve policymakers are not as divided as it may appear and are generally operating under the same framework for determining when to raise interest rates, New York Fed President William Dudley said on Thursday.
VW says can bounce back as recalls 8.5 million EU cars
HAMBURG/BERLIN (Reuters) – Volkswagen can bounce back from the scandal over its rigging of diesel emissions tests in two to three years, its new CEO predicted on Thursday, as the carmaker outlined plans to recall 8.5 million affected vehicles in the Eu…
Gasoline weighs on U.S. consumer prices, but inflation set to rise
WASHINGTON (Reuters) – U.S. consumer prices recorded their biggest drop in eight months in September as the cost of gasoline fell, but a steady pick-up in the prices of other goods and services suggested inflation was poised to rise.
Charles Schwab profit up 17 percent in third quarter
NEW YORK (Reuters) – Charles Schwab Corp, the discount brokerage pioneer that is expanding into fee-based advisory accounts, said on Thursday that third-quarter profit jumped 17 percent on higher trading commissions and interest revenue.
U.S., Alaska says will not seek additional $92 million from Exxon for Valdez spill
(Reuters) – U.S. and Alaska state officials announced on Wednesday they will no longer seek an additional $92 million from Exxon Mobil Corp. to pay for environmental cleanup and restoration stemming from the massive Exxon Valdez oil spill nearly three …
Primark expands on rival Zara’s home turf with Spanish flagship store
MADRID (Reuters) – Primark opened a glitzy new flagship store in Madrid on Thursday, squarely planting the budget fashion retailer in the Spanish backyard of Zara-owner Inditex .
Blackstone posts third-quarter loss as asset values drop
(Reuters) – Blackstone Group LP , the largest alternative asset manager, reported its first quarterly economic net loss in four years on Thursday, as the summer’s stock market plunge weighed on the value of its portfolio, even as it generated more cash…
U.S. consumer prices fall on cheaper gasoline
WASHINGTON (Reuters) – U.S. consumer prices recorded their biggest drop in eight months in September as the cost of gasoline fell, but a steady pick-up in underlying price pressures should allay fears that a disinflationary trend was reasserting itself…
Germany says has ordered VW to recall cars at start of 2016
BERLIN (Reuters) – German Transport Minister Alexander Dobrindt said on Thursday that the country’s automotive watchdog had ordered Volkswagen to start a mandatory recall of 2.4 million affected cars at the start of 2016.
