Conoco sees third-quarter profit rise, 2015 capex seen lower
(Reuters) – ConocoPhillips , the largest U.S. independent oil and gas company, on Thursday reported higher third-quarter profit after the sale of its Nigerian unit and said overall spending would decline next year, partly in response to falling crude o…
Wal-Mart to close 30 underperforming stores in Japan, take charge
(Reuters) – Wal-Mart Stores Inc said on Thursday it would close 30 underperforming stores in Japan, scaling back in what was once considered one of the retailer’s most promising markets and highlighting the hurdles it faces to securing growth overseas….
Raymond James reports strongest recruiting year since 2009
NEW YORK (Reuters) – Brokerage and investment bank Raymond James Financial Inc just completed its best broker recruiting year since 2009, the firm reported on Thursday.
Efforts to replace Fed hawks Plosser, Fisher pick up speed
(Reuters) – Two regional Federal Reserve banks have taken steps to replace their hawkish presidents, Charles Plosser and Richard Fisher, whose departures early next year could change the tenor of debate within the U.S. central bank’s policy-setting com…
Whirlpool wins first trial over ‘moldy’ washers
NEW YORK (Reuters) – Whirlpool Corp was found not liable Thursday by a U.S. jury in the first lawsuit to go to trial accusing the company of selling front-loading washing machines containing a design flaw that made them prone to developing mold.
MasterCard profit beats driven by international business
(Reuters) – MasterCard Inc reported a better-than-expected 15.5 percent jump in quarterly profit as efforts to expand its international business pay off, with more people willing to use cards instead of cash.
Thomson Reuters financial products sales improve
NEW YORK (Reuters) – Thomson Reuters Corp on Thursday said more clients of its Financial & Risk business added new products than canceled, the first time since 2008 that net sales were positive in the Americas, Asia and Europe for the news and information company.
Daimler, VW dampen speculation about imminent CEO succession
MUNICH (Reuters) – Succession is not an imminent topic at Daimler or Volkswagen, the chief executives of both carmakers said on Thursday, adding that any potential candidates would most likely come from within their respective companies.
Alibaba plays trademark card to protect lead as China’s $8 billion e-commerce spree nears
BEIJING (Reuters) – A trademark spat between Chinese e-commerce giant Alibaba Group Holding Ltd and rival JD.com flared into public view after JD published an Alibaba letter urging publishers to be careful about advertising in promotions for China’s an…
JPMorgan tops pay table with $740,000 for London bankers: survey
LONDON (Reuters) – U.S. bank J.P. Morgan pays managing directors at its investment bank in London an average of 461,000 pounds ($737,877), substantially more than pay across its rivals, according to a survey.
