Deere shares fall 8 percent following weak third-quarter results
(Reuters) – Deere & Co reported that third-quarter profit tumbled 40 percent on weak demand for agricultural equipment and a stronger dollar, and gave a bleaker forecast for fourth-quarter equipment sales, sending shares sliding more than 8 percent.
EU’s 2016 stress test will include 50-60 euro zone banks
FRANKFURT (Reuters) – Between 50 and 60 euro zone banks will be included in next year’s stress test of top EU lenders, fewer than half of the number in the 2014 exercise, a European Central Bank spokeswoman said on Friday.
Factory activity slows in August: Markit
NEW YORK, (Reuters) – Growth in the U.S. manufacturing sector slowed to its weakest pace in almost two years in August, according to an industry report released on Friday.
Daimler CEO mulls JVs with Apple, Google: magazine
BERLIN (Reuters) – Daimler’s chief executive said “different types” of cooperation with Apple and Google are possible as carmakers realize next-generation autos cannot be built without greater input from telecoms and software experts.
Microsoft confirms Finnish phone site closure and job cuts
HELSINKI (Reuters) – Microsoft Corp on Friday confirmed it will close Nokia Oyj’s former handset product development unit in Salo, Finland, and will cut a total of up to 2,300 jobs in the Nordic country.
Big Food’s natural brand acquisitions prosper best when left alone
NEW YORK (Reuters) – When Hormel Foods Corp , maker of Spam canned meat, said it was buying Applegate Farms in May, fans of the organic and natural meat company lamented its takeover by Big Food on social media and questioned whether product quality wo…
Disappointing business surveys intensify growth fears
LONDON/BEIJING (Reuters) – Signs China’s slowdown is getting worse and weak growth in Europe have further damaged the outlook for the global economy, sending stocks and commodity prices reeling on Friday.
Equity outflows at 15-week high as investors seek bond safety: BAML
LONDON (Reuters) – Equity outflows hit a 15-week high of $8.3 billion in the past week, with fears of a China-driven global economic crisis pushing investors towards safe-haven money-market funds and Treasuries, Bank of America Merrill Lynch said on Fr…
McDonald’s signs second franchising deal in Russia
MOSCOW (Reuters) – McDonald’s Corp. said on Friday it had signed its second deal with a Russian franchisee which will help it to expand in remote Siberian regions.
Sharp China factory slowdown in August raises global growth fears
BEIJING (Reuters) – Worries of a deepening China economic slowdown intensified on Friday after a private survey showed the factory sector shrank at its fastest rate in almost 6-1/2-years in August, hammering global stocks and commodity prices.
