Norwegian Air pilots call off strike
OSLO (Reuters) – Some 600 pilots of budget airline Norwegian Air Shuttle called off a planned strike on Monday after four days of government mediation yielded a deal that secures their current work agreements.
ECB’s Asmussen says ESM should be last port of call for banks
BERLIN (Reuters) – Europe’s rescue fund should only be used in the last instance to help banks shore up their balance sheets, European Central Bank (ECB) Executive Board member Joerg Asmussen said on Monday.
German October new car sales up about two percent: source
HAMBURG (Reuters) – Car sales in Germany, Europe’s largest auto market, stabilized in October in a sign of a recovery in vehicle demand in the region.
GSK’s Chinese executives, but not company, likely to face charges in China: sources
SHANGHAI (Reuters) – Chinese police investigating allegations of widespread corrupt practices at GlaxoSmithKline Plc (GSK) are likely to charge some of its Chinese executives but not the British drugmaker itself, legal and industry sources said.
French factory activity shrinks faster in October: PMI
PARIS (Reuters) – French manufacturing activity shrank for the 20th month in a row in October, and at a faster pace, as new orders saw their sharpest drop since June due to poor demand, a survey showed on Monday.
Spain’s manufacturing sector expands for third straight month in October: PMI
MADRID (Reuters) – Growth in Spanish manufacturing activity sped up slightly in October, a survey showed on Monday, though companies cut staff at a faster rate, pointing to a weak, jobless recovery in the fourth quarter.
Air France denies asking for 5,000 jobs cuts at Alitalia
PARIS (Reuters) – Air France-KLM denied on Monday having asked for 5,000 jobs cuts at loss-making Italian airline Alitalia.
Nokia says Samsung extends patent license deal
HELSINKI (Reuters) – Finland’s Nokia on Monday said Samsung Electronics has extended a phone patent license agreement between the two companies for five years.
Analysis: Rewards shift to stock pickers in U.S. market rally
NEW YORK (Reuters) – It’s a good time to be a stock picker.
Nissan says Oct China auto sales up 128 percent
SHANGHAI (Reuters) – Nissan Motor Co Ltd and its local joint-venture sold 114,700 automobiles in China in October, up 127.8 percent from a year earlier, the Japanese automaker said on Monday.
