Upbeat China August flash HSBC PMI points to stabilizing growth
BEIJING (Reuters) – Activity in China’s vast manufacturing sector hit a four-month high in August as new orders rebounded, a preliminary private survey showed on Thursday, reinforcing signs of stabilization in the world’s second-largest economy.
Pentagon cuts F-35 operating estimate below $1 trillion: source
WASHINGTON (Reuters) – The U.S. government has slashed its estimate for the long-term operating costs of Lockheed Martin Corp F-35 fighter jets by more than 20 percent to under $1 trillion, according to a senior defense official, a move that could boos…
Officials in three states fight suit against American Airlines-US Airways merger
MIAMI/ATLANTA (Reuters) – Officials in three states are pushing back against the U.S. government’s attempt to block the proposed merger of American Airlines and US Airways to create the world’s biggest airline, saying the combined company would benefit…
Goldman assessing fallout from options trading glitch
NEW YORK/CHICAGO (Reuters) – Goldman Sachs Group Inc is assessing the financial damage caused by a trading glitch that led to a flood of erroneous options trades, as U.S. regulators began looking into what caused the problem.
Exclusive: Onyx provides drug trial data to potential bidders – sources
(Reuters) – Onyx Pharmaceuticals Inc has given potential buyers, including Amgen Inc, access to trial data on its new cancer drug, removing a key hurdle that was holding up deal talks, according to three people familiar with the matter.
Japan manufacturers’ optimism hits three-year high: Reuters Tankan
TOKYO (Reuters) – Japanese manufacturers’ optimism improved to the highest level in three years, a Reuters poll showed, as a weak yen boosted earnings for exporters of textiles, chemicals, steel and other metals.
Wall Street falls after Fed minutes yield few clues
NEW YORK (Reuters) – U.S. stocks ended lower in choppy trading on Wednesday after minutes from the U.S. Federal Reserve’s July meeting offered few clues on the timing of a reduction in its bond-buying program.
Analysis: Polaris Industries: A midcap for daredevils only?
CHICAGO (Reuters) – Polaris Industries Inc’s relaunch this month of the Indian motorcycle, a storied U.S. brand older than Harley-Davidson, has pulses racing on and off Wall Street.
Exclusive: After setbacks, Motiva refinery faces lengthy 2014 work – sources
HOUSTON (Reuters) – The biggest U.S. oil refinery could shut its main crude distillation unit for up to three months next year to replace a vibrating pipe, sources familiar with operations said, in what would be another blow to the troubled $10 billion…
UK’s Serious Fraud Office liaising with U.S. on ‘London Whale’ case
(Reuters) – Britain’s Serious Fraud Office is liaising with U.S. counterparts in their investigation into the scandal linked to a trader dubbed the “London Whale” that cost JPMorgan Chase & Co $6.2 billion last year, the government department said on Wednesday.
