Exclusive: Deutsche Asset & Wealth Management hires another from JP Morgan
NEW YORK (Reuters) – Deutsche Bank AG’s Asset & Wealth Management division said on Wednesday it hired another private banker away from JP Morgan, the fourth to move to the German bank’s wealth management arm in the Americas since June.
U.S. retail sales give cautionary sign on consumer demand
WASHINGTON – U.S. retail sales declined in September even when factoring out weakness at auto dealers and gasoline stations, providing a surprisingly cautionary sign for the strength of consumer demand.
Lockheed says makes breakthrough on fusion energy project
WASHINGTON (Reuters) – Lockheed Martin Corp said on Wednesday it had made a technological breakthrough in developing a power source based on nuclear fusion, and the first reactors, small enough to fit on the back of a truck, could be ready in a decade….
Exclusive: Tech firms HP, EMC call off merger talks – sources
NEW YORK (Reuters) – Hewlett-Packard Co has ended merger talks with EMC Corp and may announce this development as soon as Wednesday, deciding to walk away after months of fruitless negotiations, people briefed on the matter told Reuters.
Bond yields, oil prices fall as gloom persists
LONDON (Reuters) – Persistent fears over the health of the global economic recovery kept bond yields and oil prices falling on Wednesday, with stocks also failing to break their recent losing streak.
Airbus A350 wins key approval for extended ops: sources
PARIS (Reuters) – Europe’s Airbus has won European safety approval that would allow its new A350 long-haul passenger jet to fly almost any commercial route, sources familiar with the matter said.
India’s IndiGo secures rights to buy 100 more Airbus A320 planes
NEW DELHI (Reuters) – Indian low-cost carrier IndiGo has secured the rights to buy a further 100 Airbus A320 planes, in addition to the 250 it agreed to purchase, the airline’s President Aditya Ghosh told Reuters on Wednesday.
Big Brazil banks look well placed to ride out economic downturn
SAO PAULO (Reuters) – Brazil’s economy has stagnated and will remain weak well into 2015 but its big private-sector banks are poised to safely weather the downturn thanks to a cautious business model that keeps a lid on risky lending and costs.
Intel gives rosy fourth-quarter revenue forecast as PCs recover
SAN FRANCISCO (Reuters) – Intel Corp gave a current-quarter revenue forecast above expectations and said the supply chain was in good shape ahead of holiday season as demand for personal computers recovered.
Toyota recalls 1.67 million Toyota, Lexus cars
TOKYO (Reuters) – Japan’s Toyota Motor Corp said on Wednesday it would recall a total 1.67 million vehicles globally in a voluntary move to address three separate defects including a faulty brake master cylinder that could hinder the brake’s performanc…
