Category | Business

Toyota recalls 5,850 cars, mostly in U.S., for possible steering issue

Posted on 04 November 2014

DETROIT (Reuters) – Toyota Motor Corp said on Tuesday it is recalling about 5,850 cars, most of them in the United States, for possible loss of steering control.

Major exchanges seek to dismiss high-frequency trading lawsuit

Posted on 04 November 2014

NEW YORK (Reuters) – Major U.S. stock exchanges have asked a federal judge to dismiss a lawsuit accusing them of costing ordinary investors billions of dollars by rigging markets to benefit high-frequency traders.

Energy shares lead Wall St. lower in broad decline

Posted on 04 November 2014

NEW YORK (Reuters) – U.S. stocks fell in a broad decline on Tuesday, with energy shares leading the selloff as crude prices declined for a fourth straight day, raising concerns about global demand.

Rolls-Royce to cut 2,600 staff, appoints new finance chief

Posted on 04 November 2014

LONDON (Reuters) – British engineer Rolls-Royce plans to cut 2,600 jobs to save money and has replaced its finance director, aiming to restore confidence following two profit warnings in eight months.

Ford calls back more than 202,000 vehicles in five North American recalls

Posted on 04 November 2014

DETROIT (Reuters) – Ford Motor Co said on Tuesday it was calling back 202,241 vehicles in five North American recalls covering several issues, including an incorrect repair in a previous recall.

Pimco Total Return ETF posts $437 million outflow in October: Morningstar

Posted on 04 November 2014

NEW YORK (Reuters) – The Pimco Total Return Exchange-Traded Fund posted its second straight month of outflows in October, totaling $437 million compared with $631 million outflow in September, according to Morningstar data on Tuesday.

Alibaba shares hit record highs as earnings meet estimates

Posted on 04 November 2014

BEIJING (Reuters) – Alibaba Group Holding Ltd shares rose to a record high on Tuesday after the Chinese e-commerce company reported strong second-quarter results and said it would invest for the long term to expand its customer base.

Wider U.S. trade deficit, weak exports point to slower growth

Posted on 04 November 2014

WASHINGTON (Reuters) – The U.S. trade deficit unexpectedly widened in September as exports hit a five-month low, suggesting slowing global demand could undercut economic growth in the final three months of the year.

Ford calls back more than 202,000 vehicles in five North American recalls

Posted on 04 November 2014

DETROIT (Reuters) – Ford Motor Co said on Tuesday it was calling back 202,241 vehicles in five North American recalls covering several issues, including an incorrect repair in a previous recall.

Exclusive: Central bankers to challenge Draghi on ECB leadership style

Posted on 04 November 2014

FRANKFURT/PARIS (Reuters) – National central bankers in the euro area plan to challenge European Central Bank chief Mario Draghi on Wednesday over what they see as his secretive management style and erratic communication and will urge him to act more c…

Exclusive: Central bankers to challenge Draghi on ECB leadership style

Posted on 04 November 2014

FRANKFURT/PARIS (Reuters) – National central bankers in the euro area plan to challenge European Central Bank chief Mario Draghi on Wednesday over what they see as his secretive management style and erratic communication and will urge him to act more c…

U.S. factory orders fall, but unfilled orders still rising

Posted on 04 November 2014

WASHINGTON, Nov 4 (Reuters) – New orders for U.S. factory goods fell for second straight month in September, a temporary setback for the manufacturing sector.

U.S. factory orders fall, but unfilled orders still rising

Posted on 04 November 2014

WASHINGTON, Nov 4 (Reuters) – New orders for U.S. factory goods fell for second straight month in September, a temporary setback for the manufacturing sector.

Burger King’s North America comparable sales growth best in 2 years

Posted on 04 November 2014

(Reuters) – Burger King Worldwide Inc posted its strongest growth in quarterly same-restaurant sales in North America in two years, at a time larger rival McDonald’s Corp is struggling in the highly competitive market.

Burger King’s North America comparable sales growth best in 2 years

Posted on 04 November 2014

(Reuters) – Burger King Worldwide Inc posted its strongest growth in quarterly same-restaurant sales in North America in two years, at a time larger rival McDonald’s Corp is struggling in the highly competitive market.

Rolls-Royce to cut 2,600 staff, appoints new finance chief

Posted on 04 November 2014

LONDON (Reuters) – British engineer Rolls-Royce plans to cut 2,600 jobs to save money and has replaced its finance director, aiming to restore confidence following two profit warnings in eight months.

Nissan recalls Infiniti hybrid sedans for software, transmission issues

Posted on 04 November 2014

DETROIT (Reuters) – Nissan Motor Co said on Tuesday it is recalling more than 14,000 hybrid Infiniti Q50 and Q70 luxury sedans globally due to possible software and transmission issues.

Nissan recalls Infiniti hybrid sedans for software, transmission issues

Posted on 04 November 2014

DETROIT (Reuters) – Nissan Motor Co said on Tuesday it is recalling more than 14,000 hybrid Infiniti Q50 and Q70 luxury sedans globally due to possible software and transmission issues.

Office Depot beat estimates on OfficeMax-related savings

Posted on 04 November 2014

(Reuters) – Office supply retailer Office Depot’s quarterly profit and sales beat market estimates, driven by cost cutting initiatives and higher-than-expected savings from the acquisition of OfficeMax Inc.

Office Depot beats estimates but keeps sales warning

Posted on 04 November 2014

(Reuters) – Office Depot Inc’s quarterly profit beat market estimates as it squeezed out higher-than-expected savings from its OfficeMax acquisition, masking an overall deterioration in sales that the office supply retailer expects will continue.

Dish posts revenue below estimates as it loses pay-TV users

Posted on 04 November 2014

(Reuters) – Dish Network Corp , the second-largest U.S. satellite TV company, reported lower-than-expected quarterly revenue as it lost pay-TV subscribers due to increased competition.

Wider U.S. trade deficit, weak exports point to slower growth

Posted on 04 November 2014

WASHINGTON (Reuters) – The U.S. trade deficit unexpectedly widened in September as exports hit a five-month low, a sign that slowing global demand could undercut economic growth in the fourth quarter.

France in push to break EU financial transactions tax deadlock

Posted on 04 November 2014

PARIS (Reuters) – France sought on Tuesday to break the deadlock over plans among 11 EU countries for a tax on financial transactions with a proposal to levy a fee on trading shares in their companies’ according to where brokers are based.

Alibaba’s results affirm growth, but margins slide

Posted on 04 November 2014

BEIJING (Reuters) – Alibaba Group Holding Ltd’s e-commerce and mobile businesses surged in the September quarter, far outpacing its rivals’ and glossing over weakening margins and decelerating earnings growth.

Wall St. slips as energy extends recent slide

Posted on 04 November 2014

NEW YORK (Reuters) – U.S. stocks fell in afternoon trading on Tuesday, with energy shares leading the selloff as crude prices declined for a fourth straight day, adding to global demand worries.