Americans are quitting their jobs more, and that’s a good thing
WASHINGTON (Reuters) – In a paradoxically good development for the U.S. economy, Americans quit their jobs in September at the fastest rate in over six years.
Exchanges issue summary of data processor meeting for first time
NEW YORK (Reuters) – The U.S. stock exchanges have posted online details about the management of data processors that have sparked embarrassing trading glitches and accusations of shoddy disclosure by releasing minutes from an oversight meeting for the…
Alibaba gets ‘A-plus’ debt rating from agencies
(Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd received its first debt ratings from international credit agencies on Thursday after the company announced plans for an issue of senior unsecured notes to raise an unspecified amount.
Strikes cast shadow over Ford’s South African investment prospects
PRETORIA (Reuters) – U.S. carmaker Ford is hesitant about investing further in its South African operation because of repeated production stoppages caused by strikes, its regional chief said on Thursday.
‘Transformers’ sequel, higher affiliate fees drive Viacom sales
(Reuters) – Viacom Inc , owner of the Paramount movie studio and cable network MTV and Comedy Central, reported stronger-than-expected profit and revenue due to higher affiliate fees and the box-office success of movies such as “Transformers: Age of Ex…
Egypt says to repay debts to foreign oil companies within six months
CAIRO (Reuters) – Egypt plans to repay all of the $4.9 billion debt owed to foreign oil and gas companies within six months, the oil ministry said on Thursday, a move it hopes will prompt them to step up exploration and ease the worst energy crunch in …
Buffett’s Berkshire Hathaway to buy P&G’s Duracell
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc said it would buy Procter & Gamble Co’s Duracell battery business in exchange for its $4.7 billion stake in the world’s No. 1 household products maker.
Citigroup now understands next stress test requirements, CFO says
NEW YORK (Reuters) – Citigroup Inc for the first time understands requirements for the next Federal Reserve stress test of its capital thanks to the most complete instructions yet from the regulators, chief financial officer John Gerspach said on Thurs…
Oil below $80 as China slowdown chimes with OPEC warning
LONDON (Reuters) – Oil fell below $80 a barrel for the first time since 2010 on Thursday, as more evidence of a slowdown in China’s resource-hungry economy chimed with OPEC warning of a substantial drop in demand next year.
Switzerland opens criminal investigation into several individuals in forex case
ZURICH (Reuters) – Switzerland’s public prosecutor has opened criminal investigations into several individuals over alleged manipulation in the foreign exchange market, becoming the third country to do so after the United States and Britain.
