German private sector expands at slower pace in October: PMI
BERLIN (Reuters) – Germany’s private sector grew at the slowest pace in three months in October, a survey showed on Thursday, in a sign that Europe’s largest economy is expanding, but only moderately.
Analysis: Using tech playbook, oil drillers shower employees with stock
NEW YORK (Reuters) – U.S. energy exploration companies leading a domestic oil boom increasingly are using stock options to find and maintain employees, evoking comparisons to the dot-com bubble of the late 1990s.
Strong new orders lift China HSBC flash PMI to 7-month high in October
BEIJING (Reuters) – Strong new orders drove the fastest expansion in China’s manufacturing sector in seven months in October, a preliminary survey showed on Thursday, more evidence that the economy is stabilizing although a strong rebound remains elusi…
Japan’s Abe: to use extra tax revenue, not new debt, for stimulus spending
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said on Thursday he plans to use higher-than-expected tax revenue to fund economic stimulus spending rather than relying on issuing new debt.
Branson recalls tears, $1 billion check in Virgin Records sale
LONDON (Reuters) – Virgin Group founder Richard Branson recalled that selling his Virgin Records music label more than two decades ago was “like selling your children” even though he pocketed a billion dollars in the deal.
Ex-Apple CEO Sculley mulling BlackBerry bid: report
TORONTO (Reuters) – Former Apple Inc Chief Executive John Sculley is exploring a joint bid for smartphone maker BlackBerry Ltd with Canadian partners, the Globe and Mail reported on Wednesday, citing unnamed sources.
DOJ probes nine banks on mortage-backed securities: FT
(Reuters) – At least nine banks face probes by the U.S. Department of Justice into their sales of mortgage-backed securities as part of an effort by the task force that reached the $13 billion agreement with JPMorgan Chase & Co , the Financial Times reported.
Bank of America liable for Countrywide mortgage fraud
NEW YORK (Reuters) – Bank of America Corp was found liable for fraud on Wednesday over defective mortgages sold by its Countrywide unit, a major win for the U.S. government in one of the few trials stemming from the financial crisis.
Pinterest valued at $3.8 billion in hefty financing deal
SAN FRANCISCO (Reuters) – Pinterest has won a $225 million round of equity funding that values the virtual scrapbooking website at $3.8 billion, the company announced on Wednesday.
In Detroit bankruptcy trial, union says city had pensions in sight
DETROIT (Reuters) – A trial on Detroit’s eligibility for bankruptcy protection kicked off on Wednesday with opponents claiming the city tried to bypass restrictions on cutting workers’ pensions, as experts in municipal bankruptcy around the country wat…
