Hess quarterly net income more than doubles on asset sales
(Reuters) – Oil and gas producer Hess Corp said on Wednesday its quarterly net income more than doubled due in part to gains from recent asset sales and a production jump in North Dakota’s Bakken shale formation.
At Brazil auto show, industry wonders if it can get any worse
SAO PAULO (Reuters) – Automakers in Brazil are facing the sharpest slowdown since 1999 and it could be a year or more before things turn the corner.
Deutsche Bank slumps to quarterly net loss as legal costs weigh
FRANKFURT (Reuters) – Deutsche Bank AG fell to a net loss in the third quarter after falling victim to the legal costs which already this week prompted a management reshuffle designed to help tackle a long list of unresolved litigation issues.
Behind the scenes of Sanofi’s boardroom bust up
PARIS (Reuters) – A boardroom tussle brewing for months at Sanofi came to a head on Wednesday when France’s top drugmaker fired its chief executive, wiping more billions off its share price.
Dow Jones asks court to deny GT Advanced, Apple’s secrecy motion
(Reuters) – Dow Jones & Co Inc, publisher of the Wall Street Journal, has asked a court to deny a request by Apple Inc and GT Advanced Technology Inc to keep under seal some documents relating to GT Advanced’s bankruptcy.
Shares rise as investors put faith in Fed’s message
LONDON (Reuters) – World stocks rose on Wednesday, lifted by strong corporate earnings and investor optimism that the U.S. Federal Reserve won’t raise interest rates for some time, even as it is expected to officially wind down its bond-buying stimulus…
French drugmaker Sanofi sacks CEO Viehbacher
PARIS (Reuters) – Sanofi’s board ousted its chief executive of six years at a special meeting on Wednesday, two days after it emerged he had fallen out with the French drugmaker’s chairman, wiping more billions off its market value.
Volkswagen recalls Audi cars in China over air bag issue: watchdog
SHANGHAI (Reuters) – FAW-Volkswagen Automobile Ltd, a Chinese joint venture of Volkswagen AG , will recall 270,635 Audi cars in China due to an air bag software issue, China’s quality watchdog said on Wednesday.
Exclusive: SEC probing private equity performance figures – sources
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is examining how private equity firms report a key metric of their past performance when they market new funds to investors, as the regulator boosts its scrutiny of the industry, accordin…
SEC investigates CMS employees in insider-trading case: WSJ
(Reuters) – The U.S. Securities and Exchange Commission is investigating whether employees at the Centers for Medicare and Medicaid Services (CMS) leaked information to traders, the Wall Street Journal reported, citing people familiar with the investig…
