U.S. factory activity back at three-and-a-half-year high, auto sales rise
WASHINGTON (Reuters) – U.S. manufacturing activity unexpectedly accelerated in October and automobile sales were strong, easing concerns of a significant moderation in economic growth in the fourth quarter.
U.S. October auto sales best in several years, GM misses
DETROIT (Reuters) – Automakers reported their strongest U.S. October sales in years on Monday, but top-seller General Motors Co missed expectations.
Publicis to buy U.S. digital ad firm Sapient for $3.7 billion
PARIS (Reuters) – Publicis , the world’s third-largest advertising agency, is to buy U.S.-based digital ad specialist Sapient for $3.7 billion in cash as it seeks to accelerate growth after a botched merger earlier this year.
HSBC sets aside $1.8 billion for forex probe, misconduct
LONDON (Reuters) – HSBC’s profits fell short of expectations in the third quarter after the bank set aside $1.8 billion for misconduct settlements and compensation for customers, including a potential fine for rigging currency markets.
Exclusive: LightSquared has deal to end Chapter 11 under lender control – source
NEW YORK (Reuters) – LightSquared, the bankrupt wireless venture owned by Phil Falcone’s Harbinger Capital Partners, has reached a deal to bring the company out of bankruptcy under control of lenders, according to a person close to the matter.
Deflation is a growing possibility: Bill Gross
NEW YORK (Reuters) – Famed bond investor Bill Gross on Monday warned that deflation remained a growing possibility despite aggressive monetary policies by central banks around the world.
MasterCard, RBC to test if the heart is always true, for payments at least
TORONTO (Reuters) – Canadian startup Bionym, maker of a wearable security device dubbed Nymi, is teaming up with credit card giant MasterCard Inc and Royal Bank of Canada to test whether the beat of your heart is true enough to verify payments.
GM ignition-switch death, injury claims up 12 percent
NEW YORK (Reuters) – A program to compensate victims of accidents caused by a faulty ignition switch in General Motors vehicles has received 1,772 claims for injuries and deaths, a 12 percent increase from the previous week, according to a report Monda…
Top StanChart investor backs under-fire management
LONDON (Reuters) – Standard Chartered’s second-biggest shareholder has backed the Asia-focused bank’s under-fire management and said there is nothing fundamentally wrong with its business.
U.S. construction spending weaker than expected in September
WASHINGTON, Nov 3 (Reuters) – U.S. construction spending fell for a second straight month in September as investment in both private and public projects declined, suggesting the third-quarter growth estimate could be revised lower.
