Caterpillar profit beats view, raises outlook; shares surge
(Reuters) – Caterpillar Inc shares jumped more than 5 percent on Thursday after it reported a stronger-than-expected quarterly profit and raised its 2014 outlook, citing strong demand from the North American energy and construction industries.
Citigroup to revisit U.S. court over Argentine bond payments
NEW YORK (Reuters) – A U.S. judge has scheduled a Dec. 2 hearing to weigh whether or not Citigroup Inc can process an expected interest payment by Argentina on bonds issued under its local laws following its 2002 default.
Fewer customers drop Comcast cable subscriptions
NEW YORK (Reuters) – Comcast Corp reported higher quarterly revenue and income on Thursday as more people signed up for its high-speed Internet service and fewer customers dropped their cable subscriptions.
GM posts higher-than-expected profit on strong North American demand
DETROIT (Reuters) – General Motors Co on Thursday reported a higher-than-expected profit in the third quarter on strong demand for its redesigned full-size pickup trucks in North America.
U.S. jobs market holds firm; factory activity slows a bit
WASHINGTON (Reuters) – New claims for U.S. unemployment benefits held below 300,000 for a sixth straight week last week, suggesting the labor market was shrugging off jitters over a slowing global economy.
American Airlines third-quarter profit soars on lower fuel costs
(Reuters) – American Airlines Group Inc , the world’s largest airline by passenger traffic, said on Thursday that third-quarter net income soared 87 percent, topping analysts’ estimates, buoyed by declining fuel costs.
U.S. factory activity growth slips in October: Markit
NEW YORK (Reuters) – The U.S. manufacturing sector slowed in October to its lowest rate of growth since July, while a gauge of new orders hit its lowest level since January, an industry report showed on Thursday.
Europe’s banks face moment of truth from ECB review
LONDON/FRANKFURT (Reuters) – The euro zone’s 130 biggest banks received the European Central Bank’s final verdict on their finances on Thursday after a review aimed at drawing a line under persistent doubts about the health of the region’s banking sect…
Tesco accounting black hole deepens, chairman to step down
LONDON (Reuters) – The chairman of Britain’s biggest grocery chain, Tesco , announced his resignation on Thursday after the company reported a bigger than expected hole in its finances and said accounting transgressions went back further than initially…
Pilots propose talks with Lufthansa over pay, retirement benefits
FRANKFURT (Reuters) – German pilots’ union Vereinigung Cockpit (VC) has proposed restarting talks with Lufthansa over pay and early retirement benefits but does not rule out further strikes during the negotiations.
