U.S. business inventories rise in August, may support third-quarter GDP
WASHINGTON (Reuters) – U.S. business inventories rose as expected in August, suggesting restocking could provide a lift to third-quarter economic growth.
Pfizer third-quarter profit beats estimates; oncology drugs shine
(Reuters) – Pfizer Inc reported better-than-expected third-quarter earnings on Tuesday, helped by cuts in costs and growing sales of recently approved cancer medicines.
Macy’s, Barneys probed after racial profiling claims: report
NEW YORK (Reuters) – The New York state attorney general is investigating Macy’s Inc and Barneys New York Inc after complaints from black customers who were stopped by police after making luxury purchases, the New York Daily News reported on Tuesday.
Qatar Airways says A350 delivery on schedule; plans order in Dubai
DOHA (Reuters) – Qatar Airways, the launch customer for Airbus’s A350, expects the European planemaker to start delivering the aircraft by the second half of next year and plans to order more planes next month, the airline’s chief executive said on Tue…
U.S. home prices rise in Aug, yearly gain best since 2006: S&P
NEW YORK (Reuters) – U.S. single-family home prices rose in August and also posted their strongest annual gain in more than seven years, a closely watched survey showed on Tuesday.
Airbus says JetBlue deal marks 10,000th A320 family order
PARIS (Reuters) – Airbus said on Tuesday it had reached the 10,000th order for an A320 family aircraft thanks to its latest deal with JetBlue Airways .
U.S. consumer spending measure rises, but auto sales tumble
WASHINGTON (Reuters) – A gauge of U.S. consumer spending rose in September as Americans likely snapped up Apple’s new iPhone and bought leisure goods, but falling sales of automobiles pointed to sluggish economic growth during the third quarter.
Rabobank CEO to quit early over Libor scandal: Dutch media
AMSTERDAM (Reuters) – Rabobank Chief Executive Piet Moerland, who was due to retire next year, will step down early over the Libor interest-rate rigging scandal, Dutch media reported on Tuesday.
China to hold key economic reform meeting Nov 9 to Nov 12
BEIJING (Reuters) – China’s leaders will hold a key meeting to discuss deepening financial reforms between November 9 and November 12, the official Xinhua news agency said, as the ruling Communist Party looks to set its economic agenda for the next dec…
Infosys says in process of resolving U.S. visa investigation
BANGALORE (Reuters) – Indian IT firm Infosys Ltd said on Tuesday it was in the process of reaching a settlement with the U.S. government over the company’s alleged misuse of temporary business visas.
