Fed’s Bullard: fiscal problems make October QE cut less likely
ST. LOUIS (Reuters) – The Federal Reserve is less likely to reduce its bond-buying program this month given the U.S. government shutdown and resulting lack of economic data, as well as the ongoing debate over the debt ceiling, a top central bank policy…
U.S. watchdog adopts Madoff-inspired reforms for auditors of brokers
WASHINGTON (Reuters) – The U.S. audit watchdog adopted new standards on Thursday that would force auditors to scrutinize securities brokerages more closely, finalizing a long-awaited reform that came about in the wake of Bernard Madoff’s $65 billion Po…
Adidas says confident of 2015 goals – CEO in paper
FRANKFURT (Reuters) – Sporting goods maker Adidas is confident it will achieve its 2015 targets on the back of a “significant increase” in profits next year, its chief executive told a German newspaper.
U.S. shutdown forces more govt contractors to furlough workers
(Reuters) – Engineering firm URS Corp and British defense contractor BAE Systems added a further 4,200 to the number of workers who have been temporarily laid off due to the U.S. government shutdown.
Drug company Teva to cut 5,000 jobs, save $2 billion a year
JERUSALEM (Reuters) – Teva Pharmaceutical Industries will cut about 5,000 jobs, 10 percent of its workforce, accelerating a cost-cutting plan as it prepares for lower-priced competition for its best-selling drug.
U.S. Fed’s Bullard talks economic theory, not policy
ST. LOUIS (Reuters) – The head of a Federal Reserve branch known for its out-of-the-box theories said on Thursday the U.S. central bank has struggled in the last few years to respond to economic realities and should better embrace what he called “front…
World Bank urges emerging economy reforms before Fed tapering
WASHINGTON (Reuters) – Emerging market economies have a window of two or three months to make reforms now that the Federal Reserve has refrained from scaling back its bond-buying program, World Bank President Jim Yong Kim said on Thursday.
IMF confident Europe will stick by promises to Greece
WASHINGTON (Reuters) – International Monetary Fund chief Christine Lagarde said on Thursday that she had ‘no doubt’ European authorities would stick by their commitments to give Greece additional debt relief if it meets fiscal targets set under its bai…
Norwegian Air CEO says Boeing changed 787 pump design
NEW YORK (Reuters) – The chief executive of Norwegian Air Shuttle ASA said on Thursday that Boeing Co changed the design of a hydraulic pump that failed on its 787 Dreamliner in recent weeks, a failure that caused the $200 million high-tech plane to be…
U.S. jobless claims at six-month high but trend improving
WASHINGTON (Reuters) – The number of Americans filing new claims for jobless aid touched a six-month high last week as a computer-related backlog of claims was processed and a partial U.S. government shutdown began to hit some non-federal workers.
