U.S. services sector activity growth slows in October: Markit
NEW YORK, Nov 5 (Reuters) – The pace of growth in the U.S. services sector slowed more than previously estimated in October from a month earlier, hitting its lowest level in six months and pointing to a year-end slowdown in economic growth, a survey sh…
GE says Alstom power deal on pace for mid-2015 closing
(Reuters) – General Electric Co’s $16.9 billion purchase of the power assets of France’s Alstom is on pace for closing in the middle of next year after passing several steps, the head of GE’s power business said on Wednesday.
Fed’s Kocherlakota repeats 2015 rate hike would be inappropriate
(Reuters) – Minneapolis Federal Reserve Bank President Narayana Kocherlakota, repeating remarks made Oct. 7, said on Wednesday that an interest-rate hike at any time in 2015 would be “inappropriate” because of the muted outlook for inflation.
Exclusive: Peugeot takes low-cost step with Moroccan outsourcing
PARIS (Reuters) – PSA Peugeot Citroen will open an engineering centre in Morocco with consulting firm Altran in the first major step under new boss Carlos Tavares to increase the French carmaker’s footprint in lower-wage countries, sources said.
Fed’s Rosengren wants better U.S. wholesale disclosures from banks
(Reuters) – Banks with large wholesale funding operations should shine a brighter light on the maturity and collateral of their obligations in such short-term markets, a top Federal Reserve officials said on Wednesday.
Airbus reaches 1,080 gross orders in Jan-Oct
PARIS (Reuters) – Airbus sold three aircraft in October to bring its total orders for the year to 1,080 jets, the European planemaker said on Wednesday.
Time Warner profit beats estimates as subscription fees rise
(Reuters) – Time Warner Inc reported better-than-expected quarterly revenue and profit, helped by higher subscription fees for channels offered by its Turner Broadcasting and Home Box Office businesses.
Investors eye opportunities as Republicans take U.S. Senate
NEW YORK (Reuters) – The Republican takeover of the U.S. Senate on Tuesday could lead to new legislative measures that directly affect the energy sector and other slices of the equities market.
Chesapeake Energy quarterly profit and output rise
(Reuters) – Chesapeake Energy Corp , the second-largest U.S. producer of natural gas, on Wednesday reported an 8 percent increase in third-quarter profit that topped Wall Street estimates on higher-than-expected output.
Low growth, price cuts plague euro zone, haunt ECB
LONDON (Reuters) – Euro zone business growth picked up less than expected in October despite another, deeper round of price cuts, according to surveys that are unlikely to ease simmering tensions among the bloc’s central bankers.
