Insight: Profit bonanza eludes companies chasing obesity business
KALUNDBORG, Denmark (Reuters) – Steam rises from pipes at a giant industrial complex on the edge of the Baltic Sea whose success is a testament to the world’s diabetes and obesity epidemic.
Fed’s Bernanke pushes higher bank capital, better pay practices
(Reuters) – Federal Reserve Chairman Ben Bernanke on Thursday reiterated the need for banks to hold more capital and liquid assets to survive a market shock, and he endorsed practices that link executive pay to performance.
Lockheed to cut 4,000 jobs as U.S. government spending wanes
(Reuters) – Defense contractor Lockheed Martin Corp said on Thursday it plans to cut 4,000 jobs, or more than 3 percent of its worldwide workforce, to cope with declines in U.S. spending.
Liechtenstein to end bank secrecy
LONDON (Reuters) – Liechtenstein, whose banks have been accused by the United States and other countries of facilitating tax evasion, said on Thursday it would end its practice of helping foreigners hide money from their tax authorities.
U.S. trade gap widens as imports approach one-year high
WASHINGTON (Reuters) – The U.S. trade deficit widened more than expected in September as imports rose to their highest level in almost a year, which could probably see third-quarter growth estimates trimmed.
Jobless claims fall, but prior week revised higher
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week, but an upward revision to the prior week’s figure suggested the labor market recovery remained gradual.
Viacom posts higher fourth-quarter revenue on strong ad growth
(Reuters) – Viacom Inc reported a nearly 9 percent rise in fiscal fourth-quarter revenue on Thursday, driven by strong advertising growth at its cable networks and improved television ratings.
Global shares rally on Yellen hopes, sagging growth hits euro
LONDON (Reuters) – Confirmation by incoming Federal Reserve chief Janet Yellen that the U.S. central bank’s loose monetary policy was here to stay lifted world stocks on Thursday while weak euro zone data gave the dollar a boost.
With France stalling, euro zone recovery comes to near halt
BRUSSELS/PARIS (Reuters) – The euro zone economy all but stagnated in the third quarter of the year with France’s recovery fizzling out and growth in Germany slowing.
Volkswagen grapples with 1.7 million global recall focused on China
BERLIN (Reuters) – Volkswagen is beset with a large global vehicle recall as Europe’s biggest carmaker steps up efforts to surpass Toyota and General Motors in the quest for the top sales spot.
