Analysis: GM may develop future Opel vehicles on its own in Europe
DETROIT (Reuters) – General Motors Co’s ability to reverse years of losses in Europe is coming down to products, not partners.
Goldman Sachs trying to improve fixed-income trading: media report
NEW YORK (Reuters) – Goldman Sachs Group Inc is working to bolster performance in fixed-income trading after a weak third quarter, and is looking for experienced salespeople and traders to improve the business, President and Chief Operating Officer Gar…
Beverly Hills securities broker target of Wall Street complaint
(Reuters) – A Beverly Hills securities broker, whose clients included Hollywood stars, is being accused by Wall Street’s industry-funded watchdog of lying to regulators and selling worthless securities to unsuspecting customers, including a divorced mo…
Boeing raises forecast as quarterly profit jumps; defense weak
(Reuters) – Boeing Co reported a surprising 12 percent jump in quarterly profit and raised its full-year forecast on soaring commercial aircraft production and margins, sending its shares up as much as 6 percent to an all-time high.
Outlook for education stocks brightens after Apollo results
(Reuters) – University of Phoenix owner Apollo Group Inc stunned Wall Street with its ability to trim fat and by finally reporting a slowdown in new enrolment declines, lifting shares of the for-profit education companies.
Panasonic to slash chipmaking workforce by half: Nikkei
(Reuters) – Panasonic Corp plans to dramatically cut back on chipmaking, slashing the business’s 14,000-strong workforce by half and possibly selling some plants, the Nikkei said.
Exclusive: South Korea nearing decision to buy F-35 fighters
WASHINGTON/SEOUL (Reuters) – South Korea is nearing a decision to buy some Lockheed Martin Corp F-35 fighter jets, but will likely keep its options open for a limited purchase of Boeing Co’s F-15, sources familiar with the country’s fighter competition…
U.S. SEC cracks down on advisers over repeated compliance failures
WASHINGTON (Reuters) – Three investment advisers and their owners agreed on Wednesday to settle civil charges that they had repeatedly failed to address compliance problems, in a case that stems from a broad crackdown by U.S. regulators into compliance…
Caterpillar posts lower results, cuts outlook yet again
CHICAGO (Reuters) – Caterpillar Inc’s ill-timed bet on the global commodity boom came back to haunt it yet again on Wednesday, forcing the heavy equipment maker to post a lower-than-expected profit.
U.S. Navy orders Raytheon to halt radar work after protest
WASHINGTON (Reuters) – The U.S. Navy said on Wednesday it issued a stop-work order to Raytheon Co on a next-generation Air and Missile Defense Radar (AMDR) valued at $1.6 billion after Lockheed Martin Corp filed a protest of the contract award.
