Schlumberger, Baker top estimates with global drilling
(Reuters) – Increased oilfield activity in U.S. offshore waters and overseas gave a bigger-than-expected lift to profits at Schlumberger Ltd and Baker Hughes Inc , marking a clear divide with struggling smaller U.S. oil services firms.
Google’s third-quarter beats as ad volume grows, stock flirts $1,000 level
SAN FRANCISCO (Reuters) – Google Inc’s quarterly results beat Wall Street’s expectations as the Internet search giant expanded its mobile and overseas businesses while keeping ad-rate declines in check, sending its shares to a record high.
GM aids Opel by booking Russian profits at loss-making unit
FRANKFURT (Reuters) – General Motors has decided to put its Russian operations back under the control of its European wing – a victory for GM Europe’s new president and a signal of support for a workforce that has endured massive job cuts in the hunt f…
Bombardier says China’s CDB Leasing may buy 30 CSeries aircraft
(Reuters) – Bombardier Inc said China’s CDB Leasing Co Ltd may buy an additional 15 CSeries jetliners, potentially taking its total order to 30 aircraft worth about $2 billion, based on list prices.
China’s third-quarter GDP growth fastest this year, but outlook dim
BEIJING (Reuters) – China’s economy grew at its quickest pace this year between July and September in a rebound fuelled largely by investment, although signs are already emerging that the pickup in activity may lose some vigor.
Ingersoll-Rand results beat estimates as U.S. housing recovers
(Reuters) – Ingersoll-Rand Plc , the maker of Trane air conditioners and Thermo King refrigeration units, reported better-than-expected quarterly results, helped by a rebound in the U.S. housing market.
Swiss private bank shuts up shop over U.S. tax row
ZURICH (Reuters) – Swiss private bank Frey & Co. is to close due to “unsustainable costs” stemming from the country’s dispute with the United States over alleged tax evasion, it said on Friday, making it the second Swiss bank to shut as a result of the row.
Schlumberger profit rises on strong drilling worldwide
(Reuters) – Schlumberger Ltd , the world’s largest oilfield services company, reported a better-than-expected 20 percent rise in quarterly profit as offshore drilling increased in North America and demand from the Middle East and Asia rose.
DBRS places Monte Paschi ratings under review
MILAN (Reuters) – Ratings agency DBRS has placed the credit rating of Banca Monte dei Paschi di Siena under review saying a new restructuring plan for the world’s oldest bank could disrupt some areas of its business.
Easy Fed outlook, China growth send shares to five-year high, dollar to eight-month low
LONDON (Reuters) – Expectations the Federal Reserve will keep its stimulus in place for longer following the confidence-sapping U.S. fiscal impasse pushed world shares to a five-year high and the dollar to an eight-month low on Friday.
