U.S. factory activity grew in September, jobs increases best since early 2012
NEW YORK, (Reuters) – America’s manufacturing industry expanded in September, though a tad slower than during August, while employment in the sector grew at its best pace since March 2012, an industry report showed on Wednesday.
U.S. private sector creates 213,000 jobs in September: ADP
NEW YORK (Reuters) – U.S. private employers added 213,000 jobs in September, just above economists’ expectations, a report by a payrolls processor showed on Wednesday.
Nissan U.S. September sales rise 18.5 percent
(Reuters) – Nissan Motor Co reported its U.S. sales for September rose 18.5 percent at 102,955 vehicles, beating analysts’ expectations.
Chrysler reports U.S. auto sales jump 19 percent
DETROIT (Reuters) – Chrysler Group LLC on Wednesday reported its third straight month of double-digit gains in the U.S. market, selling 19 percent more vehicles in September than a year ago, an indication that industry strength continued as summer wane…
Special Report: In foreign hands, British automakers overtake France
LONDON/PARIS (Reuters) – When Britain lost its last native car company 20 years ago, it was lamented across the political spectrum as a national catastrophe.
Commerzbank to cut 60-70 fixed income, currency jobs: sources
FRANKFURT (Reuters) – Germany’s second biggest lender Commerzbank is cutting 60 to 70 jobs in its fixed income and currencies (FIC) division in Frankfurt as it adjusts to declining demand, several sources familiar with the matter said on Wednesday.
Lackluster factory data hits world stocks, dollar strong
LONDON (Reuters) – Stocks worldwide began the fourth quarter on a negative note on Wednesday, as lackluster economic data and civil unrest in Hong Kong kept investors cautious before a European Central Bank meeting later this week.
Ackman’s Pershing Square raises $3 billion in fund listing
LONDON (Reuters) – Pershing Square Holdings, a fund managed by activist investor Bill Ackman, raised $3.07 billion ahead of a stock market listing in Amsterdam, the company said on Wednesday.
JPMorgan to face U.S. class action in $10 billion MBS case
NEW YORK (Reuters) – A federal judge on Tuesday said JPMorgan Chase & Co must face a class action lawsuit by investors who claimed the largest U.S. bank misled them about the safety of $10 billion of mortgage-backed securities it sold before the financial crisis.
Adidas seeks to placate investors with share buyback
PARIS (Reuters) – German sportswear maker Adidas, facing investor discontent after a series of profit warnings, plans to return as much as 1.5 billion euros ($1.9 billion) to shareholders over the next three years.
