GE posts strong third-quarter order backlog, profit margins; shares rise
(Reuters) – General Electric Co on Friday posted a record backlog of orders that the company said positioned it well for 2014, lifting shares and overshadowing a decline in quarterly profit and revenue.
Fed should not raise rates to fight financial risk: Evans
CHICAGO (Reuters) – The Federal Reserve should not use monetary policy tools to head off potential risks to financial stability when other more effective tools, like supervision or monitoring, are available, a top Fed policymaker argued on Friday.
Fed’s Tarullo says bank funding still biggest risk
WASHINGTON (Reuters) – Reforming short-term funding markets in which banks finance large parts of their business, remains the biggest unfinished job for supervisors around the world, a top U.S. bank regulator said on Friday.
U.S. data backlog a boon for computer-driven trading
LONDON (Reuters) – Some financial traders stand to profit from the end of the U.S. government shutdown as a backlog of economic data to be released in the coming week churns market price volatility to the benefit of their computer-driven models.
SoftBank to spend $1.26 billion for majority Brightstar stake
NEW YORK (Reuters) – Japan’s SoftBank Corp said on Friday it agreed to pay $1.26 billion for a 57 percent stake in privately held cellphone distributor Brightstar Corp as it looks to boost its bargaining power with handset makers.
UK court dismisses case against directors of Madoff unit
LONDON (Reuters) – A British High Court judge criticized the liquidators of U.S. fraudster Bernard Madoff’s London company in a judgment on Friday that dismissed their $40 million civil claim against his brother, son and former directors of the firm.
Say cheese: EU strikes trade deal with Canada, looks to U.S.
BRUSSELS/LUXEMBOURG (Reuters) – The European Union and Canada agreed a multi-billion-dollar trade pact that will integrate two of the world’s largest economies and paves the way for Europe to clinch an even bigger deal with the United States.
Honeywell cuts revenue forecast as defense unit lags
(Reuters) – Honeywell International Inc on Friday reported lower-than-expected quarterly revenue, due in part to supply problems at its defense unit, and the U.S. manufacturing conglomerate cut its full-year sales forecast.
Analysis: China’s pioneers to drive recovery in solar equipment demand
(Reuters) – As China’s solar panel makers venture into uncharted markets, the handful of companies that supply equipment for their plants are dusting off their order books to meet a revival in demand.
EU members agree to enter investment negotiations with China
LUXEMBOURG (Reuters) – European Union governments agreed on Friday to start talks with China to remove restrictions on foreign investment and set clearer rules on doing business after months of trade disputes over Chinese solar panels and EU wine.
