Chevron earnings hurt by refining; output below target
(Reuters) – Refining weakness led to a surprise decline in Chevron Corp’s quarterly profit, and oil and gas well output increased but remained below target, sending the company’s shares down 2 percent.
Siemens investors seek strategy hints from new boss
FRANKFURT (Reuters) – Siemens’ new chief executive Joe Kaeser faces pressure from shareholders to give a flavor of how he plans to reinvent the industrial giant to catch up with more profitable rivals when he presents annual results next week.
Stock funds worldwide attract $12.4 billion, extending record inflows: BofA
NEW YORK (Reuters) – Investors worldwide poured $12.4 billion into stock funds in the latest week, extending record inflows into the funds this year to $231 billion, data from a Bank of America Merrill Lynch Global Research report showed Friday.
Office Depot-OfficeMax deal gets U.S. antitrust nod
NEW YORK (Reuters) – A deal to combine No. 2 U.S. office supply retailer Office Depot Inc with smaller rival OfficeMax Inc has won approval from the U.S. Federal Trade Commission, the companies said in a joint statement on Friday.
Repeat of debt row ‘wouldn’t be good signal’ for rating: Fitch
LONDON (Reuters) – The United States must do more to reduce its budget deficit and debt burden, and any repeat of last month’s political standoff that raised the risk of default would not be a good signal for its AAA credit rating, Fitch Ratings said o…
China’s Gezhouba to build dams in Argentina worth $4.7 billion
HONG KONG (Reuters) – China Gezhouba Group Co Ltd , known for building the country’s Three Gorges Dam, said it would build two hydroelectric dams in Argentina worth $4.7 billion.
Barclays suspends several traders in FX probe: source
LONDON (Reuters) – Britain’s Barclays has suspended several traders amid multiple investigations into possible manipulation of benchmark foreign exchange rates, a banking industry source said on Friday.
Factory activity hits one-year low in Oct: Markit
NEW YORK (Reuters) – The pace of growth in the U.S. manufacturing sector hit a one-year-low in October as factory output slowed sharply, an industry report showed on Friday.
Citigroup faces multiple probes over currency trades
(Reuters) – Citigroup Inc , the U.S. bank with the biggest international business, said on Friday that U.S. government agencies and authorities from other jurisdictions are investigating its foreign-exchange trading.
JPMorgan discloses wider probes of hiring, currency trading
(Reuters) – JPMorgan Chase & Co, the biggest U.S. bank by assets, disclosed on Friday that the U.S. Department of Justice and agencies from other jurisdictions are investigating hiring practices in Hong Kong that were already being probed by the U.S. Securities and Exchange Commission.
