Wider U.S. trade deficit, weak exports point to slower growth
WASHINGTON (Reuters) – The U.S. trade deficit unexpectedly widened in September as exports hit a five-month low, a sign that slowing global demand could undercut economic growth in the fourth quarter.
Alibaba’s results affirm growth, but margins slide
BEIJING (Reuters) – Alibaba Group Holding Ltd’s e-commerce and mobile businesses surged in the September quarter, far outpacing its rivals’ and glossing over weakening margins and decelerating earnings growth.
Pimco Total Return ETF posts $437 million outflow in October: Morningstar
NEW YORK (Reuters) – The Pimco Total Return Exchange-Traded Fund posted its second straight month of outflows in October, totaling $437 million compared with $631 million outflow in September, according to Morningstar data on Tuesday.
Former UBS executive found not guilty in U.S. tax cheating trial
FORT LAUDERDALE Fla. (Reuters) – A former top banker who headed global wealth management at UBS AG was found not guilty on Monday on U.S. charges of conspiring with wealthy Americans to hide $20 billion in secret offshore accounts.
Major exchanges seek to dismiss high-frequency trading lawsuit
NEW YORK (Reuters) – Major U.S. stock exchanges have asked a federal judge to dismiss a lawsuit accusing them of costing ordinary investors billions of dollars by rigging markets to benefit high-frequency traders.
Rolls-Royce to cut 2,600 staff, appoints new finance chief
LONDON (Reuters) – British engineer Rolls-Royce plans to cut 2,600 jobs to save money and has replaced its finance director, aiming to restore confidence following two profit warnings in eight months.
Ford calls back more than 202,000 vehicles in five North American recalls
DETROIT (Reuters) – Ford Motor Co said on Tuesday it was calling back 202,241 vehicles in five North American recalls covering several issues, including an incorrect repair in a previous recall.
Exclusive: Central bankers to challenge Draghi on ECB leadership style
FRANKFURT/PARIS (Reuters) – National central bankers in the euro area plan to challenge European Central Bank chief Mario Draghi on Wednesday over what they see as his secretive management style and erratic communication and will urge him to act more c…
U.S. factory orders fall, but unfilled orders still rising
WASHINGTON, Nov 4 (Reuters) – New orders for U.S. factory goods fell for second straight month in September, a temporary setback for the manufacturing sector.
Burger King’s North America comparable sales growth best in 2 years
(Reuters) – Burger King Worldwide Inc posted its strongest growth in quarterly same-restaurant sales in North America in two years, at a time larger rival McDonald’s Corp is struggling in the highly competitive market.
