BMW autos division profit falls on tech costs, Europe
BERLIN (Reuters) – German luxury carmaker BMW said third-quarter operating profit at its key automotive division fell more than expected due to the cost of new technology and price discounts in core European markets.
Italy’s finance minister urges ECB to ease policy, combat strong euro
LONDON (Reuters) – Italy’s finance minister urged the European Central Bank to ease monetary policy, questioning the effectiveness of the bank’s strategy of verbal intervention to cap the strong euro, the Financial Times reported on Tuesday.
Italian banks near saturation point on government debt
MILAN (Reuters) – Italian banks are near saturation point after two years spent frantically buying their own government’s bonds, forcing the Treasury to find alternative investors at home and abroad to finance a 2-trillion euro debt.
China services industry picks up ahead of party plenum
BEIJING (Reuters) – China’s services industry picked up in October, a private survey showed on Tuesday, with gains in new business and employment providing further evidence the economy has found its footing as Beijing prepares to lay out its reform age…
BlackBerry calls off sale, spurring doubts and stock plunge
TORONTO/NEW YORK (Reuters) – BlackBerry Ltd abandoned on Monday its plan to sell itself and said its CEO is stepping down, sparking a 16 percent dive in its share price and raising fears the struggling smartphone maker is running out of options.
U.S. to put SAC hedge fund out of business over insider trading
NEW YORK (Reuters) – Steven A. Cohen faces an abrupt end to his career as one of the world’s most successful traders after his SAC Capital Advisors became the largest Wall Street firm in years to agree to plead guilty to criminal charges of insider tra…
Jeff Bezos’s wife and Amazon slam new book about company
(Reuters) – Amazon founder Jeff Bezos’s wife MacKenzie on Monday used the online retail giant’s own website to criticize a new high-profile book about her husband as a “lopsided and misleading portrait of the people and culture at Amazon.”
Boeing seen in advanced talks to make 777X near Seattle
(Reuters) – Boeing is in advanced talks with its machinists’ union to assemble the company’s new 777X jet and build its wings in the Seattle area, several people familiar with the negotiations told Reuters.
After bondholders, OSX, Schlumberger, Ensco top OGX creditor list
RIO DE JANEIRO (Reuters) – Bondholders, followed by oilfield-service companies, are the biggest creditors of Brazilian tycoon Eike Batista’s oil company OGX, which made Latin America’s biggest-ever bankruptcy filing last week, according to a list obtai…
Justice Department details deal for American, US Airways fight
WASHINGTON (Reuters) – The Justice Department wants US Airways and American Airlines to divest landing and take-off slots at Reagan National and other “key” U.S. airports as a condition to drop its effort to block a proposed merger, Attorney General Er…
