U.S. existing home sales fall, price appreciation slows
WASHINGTON (Reuters) – U.S. home resales fell in September and prices cooled as higher mortgage rates took the edge off the housing market recovery.
McDonald’s forecasts tough fourth quarter
(Reuters) – McDonald’s Corp warned on Monday that global sales at established restaurants would be relatively flat in October and signaled that weakness would continue in the fourth quarter amid stiff competition and a halting economic recovery, heapin…
Airbus says A350 tests going well, sticks to delivery plan
TOULOUSE, France (Reuters) – Flight trials for Airbus’s latest passenger jet, the A350, are going well and the European planemaker is sticking to its target of delivering the first of the lightweight jets in the second half of 2014, program chief Didie…
Slow U.S. home sales should rise if house prices do: Fed study
SAN FRANCISCO (Reuters) – U.S. home sales will likely pick up if house prices continue to rise, according to a study published Monday by the San Francisco Federal Reserve Bank.
Hyundai recalls 27,500 sedans in U.S. for brake issue
DETROIT (Reuters) – South Korean automaker Hyundai Motor Co said on Monday it is recalling about 27,500 Genesis sedans in the United States from model years 2009 to 2012 to address a potential brake issue.
Europe seeks back-up plan for troubled banks within weeks
BRUSSELS (Reuters) – European states need to spell out by late November how they will cope with recapitalizing troubled banks to pave the way for prompt health checks, EU leaders will pledge this week, according to a draft statement.
Etihad sets stage for $50 billion of jet deals from Gulf
DUBAI/NEW YORK (Reuters) – Etihad Airways is close to placing a order that could kick off a $50 billion jet-buying spree from the Gulf as the region’s carriers flex their muscles in an industry hit by weak margins and high fuel prices.
Ex-UBS banker wanted in U.S. tax probe arrested in Italy
BOLOGNA, Italy (Reuters) – A former top executive at Swiss bank UBS has been arrested in Italy and faces possible extradition to the United States, where he is wanted for allegedly helping wealthy Americans dodge taxes.
Analysis: Repeatedly burned, short sellers avoid momentum stocks
NEW YORK (Reuters) – Even as some of Wall Street’s biggest trading favorites – considered by many to be massively overvalued – report earnings this week, short sellers are staying away.
Philips profits nearly triple as turnaround bears fruit
AMSTERDAM (Reuters) – Philips reported a near-tripling in third-quarter net profit, beating forecasts and pushing its shares to their highest since mid-2010 after two years of cutting costs, selling weak businesses and targeting new products at emergin…
