U.S. economy growing at modest to moderate pace: Fed’s Beige Book
WASHINGTON (Reuters) – The U.S. economy expanded at a “modest to moderate” pace across much of the nation in recent weeks, the Federal Reserve said on Wednesday, giving a picture of stable economic growth despite recent signs of weakness.
EU watchdog says bankers’ allowances breach bonus rule
LONDON (Reuters) – New types of allowance paid to bankers are nearly all in breach of the European Union’s cap on bonuses and must be changed by the end of the year, the EU banking watchdog said on Wednesday, raising the prospect that banks will have t…
U.S. airline stocks fall on renewed fears of Ebola effect on travel
NEW YORK (Reuters) – U.S. airline stocks tumbled again on Wednesday on renewed fears of a drop-off in air travel spurred by reports that a second Texas nurse had contracted the deadly Ebola virus and traveled on a U.S. airline flight.
Earnings could halt stock selloff in U.S. conglomerates
(Reuters) – Investors who have endured a four-month selloff in shares of large U.S. manufacturers will be looking for solid revenue growth and order trends in third-quarter earnings reports starting on Friday to help allay fears that a soft global econ…
BlackRock profit jumps 26 percent in third quarter
(Reuters) – BlackRock Inc , the world’s largest money manager, said on Wednesday that third-quarter earnings rose 26 percent, boosted by an improved performance of its fixed income funds.
GM’s third-quarter global vehicle sales up 2 percent on strong China, U.S. demand
DETROIT (Reuters) – General Motors Co’s global sales rose 2 percent in the third quarter, driven by strong demand in the two largest auto markets in the world, China and the United States.
The global business of secondhand clothes thrives in Kenya
NAIROBI (Reuters) – Shaded by ragged squares of canvas, amid choking dust and the noise of hawkers, shoppers in Nairobi’s Gikomba market can turn up Tommy Hilfiger jeans or a Burberry jacket for a fraction of the price in London’s Regent Street or New …
Siemens to cut jobs at German energy ops: German radio
MUNICH (Reuters) – Engineering group Siemens is cutting 1,200 jobs at its German energy business on weak demand for power plant equipment and maintenance, radio station Bayerischer Rundfunk reported on Wednesday, citing company sources.
HP to resume share buybacks after failed merger talks with EMC
(Reuters) – Hewlett-Packard Co said it would resume its share repurchase program, a day after sources told Reuters that the company had ended merger talks with data storage products maker EMC Corp .
Analysis: Department stores fight back from online challenge
PARIS (Reuters) – Department stores are starting to enjoy a renaissance after finding ways to attract a new generation of consumers in an age of global fashion chains and online shopping.
