Analysis: LeapFrog may still bounce despite holiday sales warning
(Reuters) – LeapFrog Enterprises Inc lost its bounce this week after the maker of electronic tablets for young children warned of weak holiday sales, but toy industry experts say the company has turned Grinch on investors too soon.
Chairman says Deutsche Bank knew of probe when extending CEO contract
HAMBURG (Reuters) – Deutsche Bank Chairman Paul Achleitner said the supervisory board at Germany’s flagship lender decided to extend co-chief executive Juergen Fitschen’s contract until 2017, despite knowing about a criminal probe against him.
Airbus extends order lead over Boeing, lags deliveries
PARIS (Reuters) – Europe’s Airbus extended its lead over Boeing in a hard-fought order contest in October, but remained behind on deliveries, leaving its U.S. rival in the industry’s no.1 spot.
Senate panel to hold Yellen Fed hearing on November 14
WASHINGTON (Reuters) – The Senate Banking Committee said on Thursday that it will hold a hearing on November 14 on the nomination of Federal Reserve Vice Chair Janet Yellen to take the helm of the central bank when Ben Bernanke steps down at the end of…
U.S. consumer credit up, credit card use falls again
WASHINGTON (Reuters) – U.S. consumer credit rose more than expected in September but credit card usage fell for a fourth straight month, which could help shed some light on the slowdown in consumer spending during the third quarter.
U.S. growth picks up as restocking offsets weak spending
WASHINGTON (Reuters) – U.S. economic growth accelerated in the third quarter as businesses restocked shelves, but the slowest expansion in consumer spending in two years suggested an underlying loss of momentum.
Tesla reports third fire involving Model S electric car
DETROIT (Reuters) – Tesla Motors Inc reported the third fire in its Model S luxury electric car in six weeks, this time after a highway accident in Tennessee, sending shares down 9 percent on Thursday.
Taxpayers close to breaking even on Fannie Mae, Freddie Mac bailout
WASHINGTON (Reuters) – Government-run Fannie Mae and Freddie Mac, America’s biggest providers of housing finance, will send $39.0 billion to the U.S. Treasury in December, leaving them within a hair of covering the cost of their 2008 bailout.
Klepierre says in talks with Carrefour on shopping mall deal
PARIS (Reuters) – Klepierre confirmed in a statement on Thursday that it was in talks with Carrefour to sell a portfolio of shopping malls, but said no agreement had been reached.
JPMorgan energy exec at center of power-market flap retires
NEW YORK (Reuters) – Francis Dunleavy, who ran the JPMorgan Chase & Co energy desk in Houston that was accused of manipulating the U.S. power market earlier this year, has retired from the bank after a career of more than 30 years, a spokesman said.
