Business

U.S. Factories Hit By Shutdown, China Production Rises

Factories in China boosted production this month, but U.S. manufacturing output fell for the first time in four years while the euro zone economy lost momentum, surveys on Thursday showed. The data suggested the world economy is still facing speed...

Ford Boosts Outlook After Third-Quarter Profit Beats Estimates

Ford Motor Co (F.N) boosted its full-year global profit outlook on Thursday, as its European picture brightened and stronger overseas operations sparked better-than-expected third-quarter results. The No. 2 U.S. automaker now expects 2013 pretax profit to top last year's $8...

Dollar Inches Higher Ahead Of U.S. Jobs Data

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The dollar pulled back from an eight-month low and shares began cautiously on Tuesday as investors awaited delayed U.S. jobs data, half suspecting that this month's acrimonious budget tussle in Washington will have diluted their value. Many in the markets...

China Central Bank Set For Modest Policy Tightening – Adviser

China's central bank may tighten policy moderately as inflation creeps up, relying on money-market liquidity adjustments rather than blunt tools such as interest rate rises, a policy adviser to the central bank said on Tuesday. Market expectations are growing that...

Whirlpool Profit More Than Doubles Due To Cost Cuts

Whirlpool Corp (WHR.N) said its quarterly profit more than doubled as the company's cost cutting efforts paid off. Net income available to the world's largest appliance maker rose to $196 million, or $2.42 per share, in the third quarter from...

DuPont Revenue Rises On Demand For Plastics, Solar Panel Parts

U.S. chemical maker DuPont's (DD.N) third-quarter revenue rose 5 percent in part due to higher sales of solar panel parts and performance materials. Revenue rose to $7.74 billion from $7.39 billion a year earlier. Net income rose to $285 million from...

U.S. Job Growth Seen Having Revved Up Before Budget Fight Hit

U.S. job growth likely picked up a bit in September, suggesting the economy enjoyed rising momentum before an acrimonious budget fight in Washington took some of the wind out of its sails. Nonfarm payrolls are expected to have increased by...

U.S. Safety Regulators Probe Hyundai Genesis For Brake Issues

U.S. safety regulators have opened an investigation into an estimated 40,000 Hyundai Genesis cars from model year 2009 in the United States for potential brake problems. The U.S. National Highway Traffic Safety Administration opened a preliminary evaluation after receiving 23...

Fed Taper Delay Talk Buoys Shares, Markets Poised For Data Rush

Global shares hovered at five-year highs on Monday while the dollar edged up against the yen as investors looked ahead to a deluge of U.S. data for clues on when the Federal Reserve will begin scaling back its stimulus. Many...

Philips Profits Nearly Triple As Turnaround Bears Fruit

Philips (PHG.AS) reported a near-tripling in third-quarter net profit, beating forecasts and pushing its shares to their highest since mid-2010 after two years of cutting costs, selling weak businesses and targeting new products at emerging markets. The Dutch firm once...
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UEFA Refuses To End FIFA World Cup Boycott Despite Infantino’s U-Turn

UEFA has confirmed it will continue its boycott of FIFA's men's and women's World Cups despite Gianni Infantino...
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