Areva-Siemens raises claim to $4.4 billion over Finnish reactor delays
HELSINKI (Reuters) – The French-German consortium Areva-Siemens , the supplier of Finland’s much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO), TVO said late on Friday.
India’s finance minister favors interest rate cut: paper
NEW DELHI (Reuters) – India’s Finance Minister Arun Jaitley favors a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the central bank has signal it will not ease policy until it is confident …
China’s auto market growth may halve to 7 percent this year: industry body head
SHANGHAI (Reuters) – Growth in China’s auto market, the world’s biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday.
Port squeeze threatens US retailers’ holiday stocking plans
CHICAGO/LOS ANGELES (Reuters) – A shortage of transportation equipment and possible labor disruptions at the Los Angeles/Long Beach port complex, the nation’s busiest, is delaying shipping containers for up to three weeks, threatening timely delivery to retailers for the holiday season.
Look to energy names for global demand clues
NEW YORK (Reuters) – Slumping energy shares drove the recent U.S. stock market selloff more than any other major group, so investors are turning to next week’s slate of earnings to see if the sector can pull itself out of the pit.
Wall St. boosted by earnings, S&P posts best week in nearly two years
NEW YORK (Reuters) – U.S. stocks closed out their best week in nearly two years on Friday, helped by earnings from Microsoft and Procter & Gamble and as concerns eased over the possible spread of Ebola in the United States.
Fannie Mae settles shareholder lawsuit for $170 million
NEW YORK (Reuters) – Fannie Mae has reached a $170 million settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and mortgage exposure before it was seized by the U.S. government during the 2008 financial cr…
Exclusive: Ford to overhaul Lincoln brand, this time with big bucks
DETROIT (Reuters) – Ford Motor Co’s new chief executive, Mark Fields, is giving the automaker’s long-moribund Lincoln brand what his predecessor Alan Mulally never could: a little love and a lot of cash.
Ford’s lower profit beats estimates; sales down on F-150 launch
DETROIT (Reuters) – Ford Motor Co on Friday reported a 34 percent drop in third-quarter profit, and revenue fell due to the cost of introducing the F-150 pickup truck.
Ex-Bank of New York Mellon employee pleads guilty to insider trading
NEW YORK (Reuters) – A former Bank of New York Mellon Corp employee on Friday pleaded guilty to insider trading based on tips from a former Merck & Co Inc employee about potential pharmaceutical mergers.
