Fed’s Mester: better to separate stability, monetary policymaking
BOSTON (Reuters) – Policymakers aiming at financial stability should follow the tenets of good monetary policymaking, a top Federal Reserve official said on Friday, but should probably conduct each type of policymaking separately.
Wal-Mart cuts 450 jobs in Arkansas to be ‘more nimble’: memo
(Reuters) – Wal-Mart Stores Inc is cutting 450 jobs at its headquarters in Arkansas as part of a reorganization of the retailer’s management structure, according to an internal memo circulated to staff on Friday.
Nissan to recall 218,019 Versa vehicles in U.S. for suspension issue
(Reuters) – Nissan Motor Co Ltd would recall 218,019 Versa vehicles in the United States to fix a front suspension problem.
Delta says third-quarter unit revenue down 4.5-5.5 percent
(Reuters) – Delta Air Lines Inc on Friday said its third-quarter unit revenue continued to fall during the year’s busiest travel season but hinted that financial metrics were already improving.
Gauge of U.S. investment plans down more than initially thought
WASHINGTON, (Reuters) – A gauge of U.S. investment plans slipped more in August than initially estimated, giving a cautionary sign for the economic outlook.
Air France warns of job cuts after stand-off with pilots
PARIS (Reuters) – Air France was drawing up plans for thousands of new job cuts and bracing for fresh labor conflict on Friday after a deadline passed for getting an agreement with pilots on proposed productivity improvements.
Prudential Insurance to take over J.C. Penney pension
(Reuters) – J.C. Penney Co Inc said Prudential Insurance Co of America will take over administration and benefit payments to 43,000 retirees as part of a plan that will reduce its $5 billion U.S. pension obligation by up to 35 percent.
Drought woes in California town highlight thirsty poultry industry
LIVINGSTON, CALIF/CHICAGO (Reuters) – Residents of Livingston, California have sharply reduced their water usage during the state’s severe drought, now in its fourth year. But this summer, when state officials ranked how water suppliers had done meeting mandated conservation goals, the blue-collar town of 13,800 came in dead last.
U.S. regulator extends diesel emissions probe to other car models: FT
(Reuters) – The U.S. regulator that exposed Volkswagen’s rigging of emissions tests is investigating more than two dozen diesel car models made by BMW , Chrysler, General Motors , Land Rover and Mercedes-Benz to find out whether they engaged in similar…
Fed in focus as jobs data looms
LONDON (Reuters) – Gains for European and Asia stocks capped a wild week for financial markets on Friday, ahead of a key U.S. jobs report that could determine the chances of the Federal Reserve raising interest rates before year-end.
