Walgreen posts highest quarterly sales growth in 3 years
(Reuters) – U.S. drugstore chain operator Walgreen Co reported its biggest jump in quarterly sales in three years, helped by higher prescription sales, sending its shares up more than 3 percent in premarket trading.
China final September HSBC PMI steady on firmer global demand but risks remain
BEIJING (Reuters) – China’s vast factory sector showed signs of steadying in September as export orders climbed, a private survey showed on Tuesday, easing fears of a hard landing but pointing to a still-sluggish economy facing considerable risks.
Euro zone inflation slows in September, weakens euro versus dollar
BRUSSELS (Reuters) – Euro zone inflation slowed further in September on falling prices of unprocessed food and energy, a first estimate showed on Tuesday, sending the euro lower against the dollar on expectations of further European Central Bank policy…
Lufthansa pilots’ 15-hour strike affects 9,000 travelers
FRANKFURT (Reuters) – Lufthansa pilots threatened further strike action on Tuesday as they began a 15 hour walkout at Frankfurt airport in a row with management over retirement benefits that stretches back two years.
Vanguard, BlackRock may reap billions from Pimco after Gross exit
NEW YORK/BOSTON – Vanguard Group and BlackRock Inc could be prime destinations for hundreds of billions of dollars in assets that may flee Pimco in the wake of the sudden exit of Bill Gross, the celebrated “Bond King” of U.S. mutual funds. His new comp…
SoftBank considers stake in Legendary Pictures: report
TOKYO (Reuters) – Japan’s SoftBank Corp has been in talks to take a minority stake in privately held movie studio Legendary Pictures, entertainment trade publication The Hollywood Reporter reported on Tuesday.
GM CEO to reveal multiyear financial strategy: WSJ
(Reuters) – General Motors Co’s Chief Executive Officer Mary Barra will on Wednesday reveal a multiyear financial strategy that aims to boost the company’s profits and launch “market leading” vehicles, the Wall Street Journal reported.
Morningstar strips Pimco Total Return Fund of its gold rating
(Reuters) – Morningstar downgraded its analyst rating on the Pimco Total Return Fund to “bronze” from “gold”, citing uncertainty about outflows and the reshuffling of management responsibilities after the exit of co-founder Bill Gross.
SoftBank, DreamWorks Animation talks have cooled: sources
(Reuters) – SoftBank Corp’s talks to acquire Hollywood studio DreamWorks Animation SKG Inc have cooled, a SoftBank source and banking sources in Japan said.
Bank derivatives boom ahead of ECB test results as investors play safe
LONDON (Reuters) – Investors hopeful but not entirely confident that next month’s European bank check will yield positive results are stacking up derivatives positions to balance optimism about the industry against worry over its performance in a falte…
