Tesla’s Musk says ‘about time to unveil the D and something else’
(Reuters) – Tesla Motor Inc Chief Executive Elon Musk sent out a cryptic tweet on Wednesday, saying it is “about time to unveil the D and something else”, with an accompanying photo which mentioned a date, Oct. 9. (http://bit.ly/ZtvoeG)
Wall Street tumbles on Ebola fears; small caps drop
NEW YORK (Reuters) – U.S. stocks dropped more than 1 percent on Wednesday as the first diagnosis of Ebola in a patient in the United States spooked investors, economic data pointed to uneven growth, and the Russell 2000 index entered correction territo…
Bank of America names CEO Moynihan chairman of board
(Reuters) – Bank of America Corp said it named Chief Executive Brian Moynihan as chairman of its board, effective immediately.
Pimco Total Return Fund posts record $23.5 billion net outflow in September
(Reuters) – Pacific Investment Management Co suffered a record $23.5 billion of withdrawals from its flagship Pimco Total Return Fund in September, with its largest daily outflow occurring on the day of Bill Gross’s surprise resignation from the firm.
PayPal spawn have advanced where PayPal stood still
SAN FRANCISCO (Reuters) – PayPal’s biggest threat as it prepares to split from eBay next year may come from former employees who back a crop of new businesses serving shoppers who increasingly prefer to pay with mobile phones rather than personal compu…
Hyundai Motor’s South Korean workers narrowly approve wage deal
SEOUL (Reuters) – Hyundai Motor Co’s unionized workers in South Korea voted in favor of a wage deal by a slim margin, averting more strikes in the automaker’s biggest manufacturing base.
ECB to flesh out asset-purchase plan it hopes will buoy euro zone
FRANKFURT (Reuters) – The European Central Bank will present details on Thursday of a new asset-buying plan with which it hopes to revive the flagging euro zone economy and see off the specter of deflation.
Fannie, Freddie shares slump after investor lawsuits dismissed
(Reuters) – Shares of government-controlled Fannie Mae and Freddie Mac plummeted on Wednesday, the day after a judge upheld the U.S. Treasury’s right to seize the mortgage finance companies’ profits.
Philips Electronics loses $467 million patent verdict to Masimo
(Reuters) – A federal jury on Wednesday said Philips Electronics NA should pay $466.8 million to Masimo Corp for having infringed two patents for technology used to help measure blood oxygen and track pulse rates.
Torrid U.S. car sales pace slowed in September
DETROIT (Reuters) – U.S. auto sales in the third quarter were the best in eight years, but mixed September results from leading automakers on Wednesday indicated the industry’s torrid summer pace is slowing.
