Analysis: New borrowing tool could make U.S. debt debates less harrowing
WASHINGTON (Reuters) – When a political impasse last month pushed America to the brink of default, the Obama administration noted with apprehension that it had to borrow vast sums every Thursday.
U.S. government shutdown dampens October car sales
DETROIT (Reuters) – The 16-day U.S. government shutdown in early October appeared to dampen consumers’ appetite for new cars, as seven of the top eight automakers reporting monthly sales on Friday missed analysts’ expectations.
Spirit Aero posts profit, says asset sale progressing
(Reuters) – Spirit AeroSystems Holdings Inc , a major supplier of aircraft components to Boeing Co and Airbus , on Friday reported a higher-than-expected quarterly profit as it cut costs, and its shares rose 7.8 percent to a year high.
U.S. Fed sets tough tests in annual bank health war games
WASHINGTON (Reuters) – Banks in the United States will have to test whether they can survive a halving of the stock market during a severe U.S. recession, the Federal Reserve said on Friday, as it set the rules for next year’s model runs to gauge the h…
J.C. Penney shares jump 10 percent on upgrade, short interest falls
(Reuters) – J.C. Penney Co Inc shares rose as much as 10.8 percent on Friday after Wall Street firm ITG Investment Research lifted its sales forecast for the department store chain, citing “improving sales trends” in five of the last seven weeks.
Jetmakers feud over seat width with big orders at stake
PARIS (Reuters) – A row has flared up between leading planemakers over the width of tourist-class seats on long-distance flights, setting the tone for a bitter confrontation at this month’s Dubai Airshow.
Liberty Global names European mobile chief in ‘quad’ push
FRANKFURT (Reuters) – U.S. Cable company Liberty Global has appointed a European mobile chief as it pushes into wireless services to meet growing demand for television, broadband, mobile and fixed-line services – so-called “quad play” – from one provid…
RBS avoids break-up with 38 billion pounds ‘internal bad bank’
LONDON (Reuters) – Royal Bank of Scotland is to create an internal “bad bank” to fence off its riskiest assets, part of a raft of measures designed to heal its relationship with the British government and speed up its eventual privatization.
Analysis – Facebook’s ad warning sounds a note of caution for Twitter
SAN FRANCISCO (Reuters) – Facebook Inc’s investors and other proponents of the social network like to say that it captures one of the greatest concentrations of human attention on the planet and thus offers a boundless opportunity for advertisers.
Bondholders lose bid to lift stay in Argentina litigation
NEW YORK (Reuters) – A U.S. appeals court on Friday said it would leave a freeze in place on an order requiring Argentina to pay $1.33 billion in favor of bondholders suing for repayment in the wake of the country’s 2002 default.
