GE profit tops views as cost cuts drive margins; shares up
(Reuters) – General Electric Co reported a slightly higher-than-expected quarterly profit on Friday, with cost cuts that helped boost margins across its industrial businesses offsetting revenue that missed analysts’ targets.
U.S. consumer sentiment rises despite Ebola fears
WASHINGTON (Reuters) – While the appearance of the deadly Ebola virus in Texas is worrying the nation, it has yet to lead Americans to take a more cautious view over how to spend their money, data suggested on Friday.
VW recalls 1.1 million cars in North America, China over suspension issue
(Reuters) – German automaker Volkswagen AG said it is recalling more than 1.1 million cars in North America and China to correct a potential problem with rear suspension parts.
U.S. consumer sentiment at highest since July 2007
NEW YORK (Reuters) – U.S. consumer sentiment rose in October to the highest in more than seven years, boosted by views on personal finances and the national economy, a survey released on Friday showed.
Credit Suisse shakes up investment bank unit with new bosses
ZURICH (Reuters) – Credit Suisse appointed two new investment banking bosses on Friday and promoted them to its top ranks, a move likely to raise fresh questions over its appetite to scale back a unit hit by volatility and lackluster profits.
Goldman curbs bankers’ compensation even as revenue surges
NEW YORK (Reuters) – Top Goldman Sachs Group Inc executives are determined to keep compensation costs under control. And that means even when the bank’s revenue spikes higher, bankers’ bonuses won’t.
Europe rides rebound as global sell-off abates
LONDON (Reuters) – European stocks jumped the most in seven months and oil and southern euro zone bonds rebounded sharply on Friday as investors poured back into beaten-down markets as the week’s volatility frenzy continued.
At least 113 staffers at U.S. Fed earn more than Yellen
WASHINGTON (Reuters) – The top 113 earners among staff at the Federal Reserve’s Washington headquarters make an average of $246,506 per year, excluding bonuses and other benefits – more than Fed Chair Janet Yellen and nearly double the normal top gover…
Volkswagen to recall over 580,000 cars in China: government
SHANGHAI (Reuters) – Volkswagen AG told China’s quality watchdog that it planned to recall more than 580,000 cars in the country, after the agency launched an investigation in August.
Japan to roll out aerospace hope with first commercial jet in half a century
TOKYO/SINGAPORE (Reuters) – Mitsubishi Aircraft will roll out Japan’s first commercial jet in more than 50 years on Saturday, amid doubts its ambition to sell more than 2,000 of the planes can match reality in the market segment.
