Oil edges higher on U.S. GDP data but long-term outlook weak
LONDON (Reuters) – Oil prices edged up on Friday boosted by stronger than expected U.S. economic data though the longer-term outlook for energy markets remains weak due to a global oil supply glut and uncertainty over economic growth prospects in Asia….
European shares rally at end of rocky week
LONDON (Reuters) – European equities ended a rocky week with a 3 percent surge as investors bet that a Volkswagen-led sell-off had gone too far and bond yields jumped on renewed talk of an interest rate hike in the United States.
U.S. companies quicker to give board seats to activists
NEW YORK (Reuters) – Early in August, a call came into Sysco Corp from Trian Fund Management LP, warning the food distributor that the activist hedge fund was about to disclose a large stake in the company.
Volkswagen turns to Porsche boss to steer it out of crisis: source
BERLIN (Reuters) – Volkswagen will name Matthias Mueller, the head of its Porsche sports car brand, as its chief executive, a source close to the matter said on Thursday, as the fallout from the U.S. vehicle emissions test rigging scandal broadened.
Businesses, not government, to spur consumption in China: Alibaba’s Ma
(Reuters) – China’s slowdown is an opportunity for a “real market economy” to flourish, and it will be entrepreneurs, not the government, spurring consumption that will drive growth, Alibaba Group Holding Ltd Executive Chairman Jack Ma said.
Exclusive: Bombardier eyes final CSeries certification flight in November – sources
WASHINGTON/MONTREAL (Reuters) – Canada’s Bombardier Inc expects to complete the final certification testing of its smaller new CSeries narrow-body commercial jet by the week of Nov. 23, a key milestone toward the plane being certified, four sources bri…
Yellen resumes schedule after struggling to finish speech
AMHERST, Mass. (Reuters) – Federal Reserve Chair Janet Yellen received medical attention on Thursday after struggling to finish a speech at the University of Massachusetts, Amherst, coughing and pausing to recompose herself a few times before walking o…
Volkswagen turns to Porsche boss to steer it out of crisis: source
BERLIN (Reuters) – Volkswagen will name Matthias Mueller, the head of its Porsche sports car brand, as its chief executive, a source close to the matter said on Thursday, as the fallout from the U.S. vehicle emissions test rigging scandal broadened.
Yellen resumes schedule after struggling to finish speech
AMHERST, Mass. (Reuters) – Federal Reserve Chair Janet Yellen received medical attention on Thursday after struggling to finish a speech at the University of Massachusetts, Amherst, coughing and pausing to recompose herself a few times before walking o…
Wall Street ends lower as Caterpillar, health stocks weigh
(Reuters) – U.S. stocks closed lower on Thursday in a volatile session on uncertainty about U.S. monetary policy and global economic growth, while market heavyweight Caterpillar cut its sales forecast and healthcare investors fled for the exits.
