US Business

Star French banker Pigasse resigns from Lazard

20h11 Dealmaker Matthieu Pigasse had resigned after 17 years at investment bank Lazard to pursue a new entrepreneurial project, the bank said on Sunday.. . .  Full story

Bank of Japan's Kuroda calls for mix of steps to boost economic growth

18h24 Bank of Japan Governor Haruhiko Kuroda said on Sunday a mix of monetary easing, flexible fiscal spending and structural reforms to raise the country's long-term growth potential could be effective in stimulating the economy.. . .  Full story

Wall St Week Ahead-Tech haves and have-nots face third-quarter tests

18h00 Technology companies, which make up the largest swath of the U.S. stock market, are expected to post a nearly 8% drop in third-quarter profits as reports roll in next week from many of the. . .  Full story

Osram labour reps reaffirm opposition to AMS takeover offer

14h31 Austria's AMS faces opposition to its 4.5 billion euro ($5 billion) takeover bid for German lighting group Osram from powerful shop stewards at the target company.. . .  Full story

Negative rates forever? Central bankers look for an exit

01h11 The world's most powerful policymakers are struggling to alleviate the pain of a slowing global economy with few levers left to pull and growing concern that one of them, negative interest rates, already is. . .  Full story

Fallout from Trump's trade wars felt by economies around the world

00h54 The collateral damage of the United States' trade wars is being felt from the fjords of Iceland to the auto factories of Japan.. . .  Full story

Bahrain making good progress on fiscal balance plan -finance minister

00h41 Bahrain is making good progress on its fiscal consolidation plan and is on track to eliminate its deficit by 2022 as planned, Finance Minister Sheikh Salman bin Khalifa Al Khalifa said on Saturday.. . .  Full story

SoftBank seeks to avoid WeWork's liabilities with new investment -sources

19/10 SoftBank Group Corp is attempting to become the majority owner of WeWork without assuming the onerous lease obligations of the U.S. office-space sharing firm, according to people familiar with the matter.. . .  Full story

U.S. oil major Chevron says hopeful about maintaining Venezuela presence

19/10 U.S. oil major Chevron Corp said late on Friday it is optimistic about maintaining a presence in Venezuela even amid U.S. sanctions on the country and state oil company PDVSA as part of Washington's. . .  Full story

Fed's Kaplan says could see financial condition tighten

19/10 Dallas Federal Reserve Bank President Robert Kaplan said on Friday that it "bothers" him that banks now must borrow from each other overnight at higher rates than they would for longer periods - a. . .  Full story

IMF sidesteps clash with U.S. over funding, delays shareholding changes to 2023

19/10 The International Monetary Fund said on Friday its 189 member countries agreed to maintain the IMF's $1 trillion in total lending resources while delaying changes to its shareholding structure to as late as December 2023.. . .  Full story

Boeing pilots' messages on 737 MAX safety raise new questions

19/10 A Boeing Co senior pilot said he might have unintentionally misled regulators, in a series of internal messages from 2016 that became public Friday, plunging the world's largest airplane maker into a fresh crisis.. . .  Full story

Trump hopes U.S.-China trade deal will be signed by middle of November

19/10 U.S. President Donald Trump on Friday said he thinks a trade deal between the United States and China will be signed by the time the Asia-Pacific Economic Cooperation meetings take place in Chile on. . .  Full story

Wheat hits 3-month high on signs of tightening global supplies

19/10 Chicago wheat futures touched a three-month high on Friday, buoyed by rising cash prices and signs of tightening global supplies, analysts said. Soybean futures rose on worries about the size. . .  Full story

Biden expands edge in U.S. Democratic nomination race

19/10 Former Vice President Joe Biden expanded his lead over more than a dozen other candidates for the Democratic presidential nomination this month as Congress looked into allegations that U.S. President Donald Trump tried to pressure. . .  Full story

J&J recalls 33,000 bottles of baby powder as FDA finds asbestos in sample

18/10 Johnson & Johnson said on Friday it is recalling around 33,000 bottles of baby powder in the United States after U.S. health regulators found trace amounts of asbestos in samples taken from a bottle. . .  Full story

DTE Energy expands pipeline unit with $2.25 bln gas network deal

18/10 DTE Energy's midstream business said on Friday it would buy a natural gas gathering system and pipeline in Louisiana's Haynesville shale formation for $2.25 billion in cash, expanding the unit's operations to the Gulf coast.. . .  Full story

Boeing, J&J, dismal China data drag Wall Street lower

18/10 Wall Street fell on Friday as negative headlines about Johnson & Johnson and Boeing, along with bleak economic data from China, soured investor risk appetite and offset generally positive corporate earnings.. . .  Full story

SEI Investments reviewing relationship with money manager Kenneth Fisher

18/10 SEI Investments Co on Friday said it was reviewing its business relationship with the firm of money manager Kenneth Fisher, after he allegedly made insensitive remarks about women at a recent investment conference.. . .  Full story

EXCLUSIVE-Electric Hummer could be part of GM's move into EV trucks, SUVs-sources

18/10 General Motors Co plans to build a new family of premium electric pickup trucks and sport-utility vehicles at its Detroit-Hamtramck plant beginning in late 2021, possibly reviving the imposing Hummer brand on some of them,. . .  Full story

Oil falls as China economic concerns outweigh rising refinery runs

18/10 Oil prices edged lower on Friday, as concerns about China's economy outweighed bullish signals from its refining sector, but losses were limited on hopes for progress toward a U.S.-China trade agreement.. . .  Full story

Carlyle Group quits $1 billion U.S. oil export project -Texas port official

18/10 Carlyle Group has dropped out as a stakeholder in Lone Star Ports LLC, which proposed a $1 billion crude oil export terminal near Corpus Christi, Texas, a port official said on Friday.. . .  Full story

Senior U.S. lawmaker says Boeing must shake-up management after 737 MAX crashes

18/10 The chairman of the U.S. House Transportation and Infrastructure Committee on Friday said Boeing Co must shake-up its management team and Congress must reform how new airplanes are certified following the disclosure of internal messages. . .  Full story

Global policymakers, IMF warn of darkening growth outlook as trade war bites

18/10 Policymakers from the world's major economies on Friday warned that risks posed by trade and geopolitical tensions could slow already-weakening global economic growth, but offered little beyond calls for using all available tools to prevent. . .  Full story

'Almost existential' trade worries dominating IMF meetings -BoE's Carney

18/10 Bank of England Governor Mark Carney said on Friday he had not before seen the level of concern among global finance chiefs about barriers to trade that he has witnessed at this week's International. . .  Full story

General Motors strike to slash U.S. October payrolls-JPMorgan

18/10 A month-long strike at General Motors could cut U.S. job growth by as much as 75,000 in October, JPMorgan economist Daniel Silver said on Friday, an unwelcome development amid financial market fears of a recession.. . .  Full story

Fed's Clarida keeps rate-cut door open; others less sure

18/10 In their last public comments before the Federal Reserve's next interest-rate decision, U.S. central bankers on Friday left the door open to a further reduction in borrowing costs as they continue to assess how household. . .  Full story

What Hunter Biden did on the board of Ukrainian energy company Burisma

18/10 During his time on the board of one of Ukraine‚Äôs largest natural gas companies, Hunter Biden, the son of former U.S. Vice-President Joe Biden, was regarded as a helpful non-executive director with a powerful. . .  Full story

Global trade uncertainty a reason to ratify USMCA -Mexican minister

18/10 Mexican Finance Minister Arturo Herrera said on Friday the current global uncertainty over trade is another reason to ratify the agreement negotiated last year between his country, the United States and Canada.. . .  Full story

AMS plans new Osram offer: Same price, lower acceptance rate

18/10 Austria's AMS plans to launch a new takeover bid for German lighting group Osram at the same price but lowering the acceptance rate to 55%, to make its vision of becoming a global leader. . .  Full story

Thunberg faces counter-rally by workers in Canada's oil heartland

18/10 Teenage climate activist Greta Thunberg's planned march in Canada's energy heartland of Alberta will face a counter-rally by a convoy of oil and gas workers on Friday.. . .  Full story

U.S. drillers add oil rigs for second week in a row -Baker Hughes

18/10 U.S. energy firms this week increased the number of oil rigs operating for a second week in a row for the first time since June even as producers follow through on plans to reduce. . .  Full story

Fed's Kashkari: data is 'softer,' need accommodative policy

18/10 Minneapolis Federal Reserve President Neel Kashkari on Friday signaled he continues to support further U.S. interest rate cuts, saying monetary policy should be "somewhat accommodative" given the risks to the economic outlook.. . .  Full story

Kaplan: "Agnostic" on October rate cut, may be wise to see "more cards" before acting again

18/10 Dallas Federal Reserve bank president Robert Kaplan said on Friday he is currently "agnostic" about whether the Fed cuts rates at its upcoming October meeting, arguing it may be wise to see more information before. . .  Full story

Energy stocks push TSX higher

18/10 Canada's main stock index rose slightly on Friday, helped by energy stocks, but China's slowest growth in nearly three decades exacerbated concerns about global growth and capped gains.. . .  Full story

Mexico clings to fortunate export jump to avoid recession next year

18/10 Mexico will have to keep up its surprisingly good exporting performance to avoid a recession in coming months as it faces risks from slackening global demand and campaign politics before next year's U.S. presidential. . .  Full story

Fed's Kaplan says Fed not in "full fledged" rate cutting cycle

18/10 The Fed is watching for signs a global trade slowdown is having broader impacts in the United States beyond manufacturing and investment, but is not yet heading into a "full-fledged rate cutting cycle," Dallas. . .  Full story

Lampert helps bankroll Sears as woes persist after bankruptcy -sources

18/10 U.S. retailer Sears has borrowed about $150 million from lenders, including its billionaire owner Eddie Lampert, as it racks up losses less than a year after it emerged from bankruptcy protection, people familiar with. . .  Full story

Baltic index edges lower on slipping vessel rates

18/10 The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, extended losses for a sixth consecutive session on Friday, on weak demand across all vessel segments.. . .  Full story

Global economy slows, recession risk hangs in the balance: Kemp

18/10 Economic growth around the world has slowed to a crawl but (so far) there are few signs of the second-round effects on jobs, income and spending that would turn a significant slowdown into an. . .  Full story

Italy's economy probably remained stagnant in Q3 - Bank of Italy

18/10 Italy probably posted little or no economic growth in the third quarter, continuing the flat trend of the last 18 months, the Bank of Italy said on Friday.. . .  Full story

White House's Navarro points to November for U.S-China phase one deal

18/10 White House trade adviser Peter Navarro on Friday pointed to next month's Asia-Pacific Economic Cooperation (APEC) forum in Chile as the Trump administration seeks to formalize its "phase one" trade pact with China.. . .  Full story

Wheat eases after 3-month top on weather worries, global demand

18/10 Chicago wheat futures edged lower on Friday, pausing after a rally to a three-month high as traders assessed the prospect of tightening global supply due to sustained global demand at a time of poor. . .  Full story

How a small aluminum maker won U.S. trade protection

18/10 When Donald Trump won the White House, the sprawling aluminum smelter that hugs the Ohio River here was operating at less than half its capacity, and most of its skeleton crew of 270 remaining. . .  Full story

Japan estimates U.S. trade deal will boost GDP by 0.8% over 10-20 years

18/10 The trade deal reached between Japan and the United States is expected to boost Japan's economy by about 0.8% over 10-20 years when the benefits fully kick in, the Japanese government said on Friday.. . .  Full story

Snakes and ladders: SoftBank Vision Fund's climbing, sliding valuations

18/10 The $100 billion Vision Fund of Japan's SoftBank Group Corp has in just over two years burnt through much of its capital investing in money-losing, late-stage tech startups in areas as varied as autonomous driving,. . .  Full story

S.Korean PM likely to meet Japan's Abe next week amid strained ties

18/10 South Korea's Prime Minister Lee Nak-yon is expected to meet Japanese Prime Minister Shinzo Abe next Thursday in what would be the highest-level talks between the two countries since Tokyo imposed export curbs in. . .  Full story

Foreigners turned net buyers of Japan stocks in week ending Oct 11

18/10 Foreigners turned net buyers of Japanese stocks for the first time in three weeks on soaring expectations that the United States and China will end their trade dispute soon, as the two countries indicated. . .  Full story

Russia sells crude at record premiums to Asia after freight rates surge

18/10 Russia, the world's No. 2 oil producer, has become an unintended beneficiary of U.S. sanctions after an embargo on Chinese ships drove up tanker freight rates, spurring record premiums for Russian crude that takes just. . .  Full story

Vivendi shares rise as UMG stake sale attracts interest

18/10 Shares in French media group Vivendi jumped on Friday after it posted higher third-quarter revenue and said that a potential sale of a stake in its Universal Music Group (UMG) was attracting buyer interest.. . .  Full story

Japan Sept exports to fall for 10th month on global slowdown

18/10 Japan's exports probably shrank for a 10th straight month in September, a Reuters poll found on Friday, in a sign that slumping global demand and the U.S.-China trade war was continuing to weigh on. . .  Full story

Who is buying negative-yielding German bonds? Foreign central banks, perhaps

18/10 German government bonds with their sub-zero yields have lured foreign inflows for four straight months. Talk is that it's reserve managers from Switzerland and China who are among those paying to lend money to Berlin.. . .  Full story

China's GDP growth grinds to near 30-year low as tariffs hit production

18/10 China's third-quarter economic growth slowed more than expected and to its weakest pace in almost three decades as the bruising U.S. trade war hit factory production, boosting the case for Beijing to roll out. . .  Full story

Japan finance minister signals readiness to ramp up stimulus to fight risks

18/10 Japanese Finance Minister Taro Aso said on Thursday the government was ready to deploy fiscal stimulus steps flexibly if the economy needed fresh support to fend off risks from slumping global demand and the U.S.-China. . .  Full story

Asian spot prices jump to 8-month high ahead of winter

18/10 Asian spot prices for liquefied natural gas (LNG) rose to an eight-month high this week as demand for cargoes emerged ahead of winter.. . .  Full story

China Sept industrial output up 5.8% y/y, beat f'cast; retail sales up 7.8%

18/10 China's industrial output grew 5.8% year-on-year in September, recovering after slowing sharply the previous month, data from the National Bureau of Statistic showed Friday, though the economy remained under broad pressure from cooling demand at. . .  Full story

Trump says U.S. Energy Secretary Perry to step down at end of the year

18/10 U.S. Energy Secretary Rick Perry will step down by the end of the year, President Donald Trump said on Thursday, a day before a deadline set by congressional Democrats for Perry to turn over. . .  Full story

PG&E noteholders, wildfire victims file formal reorganization plan

18/10 Noteholders of PG&E Corp and a committee for victims of the wildfires that pushed the power producer into bankruptcy filed a formal reorganization plan on Thursday for the company, proposing they get effectively all of. . .  Full story

Trump to host G7 summit at his Florida golf resort, sparking criticism

18/10 U.S. President Donald Trump will host next year's Group of Seven economic summit of leaders of developed nations at his Florida golf resort, a move Democrats and others decried as more evidence of the. . .  Full story

ECB's efforts to counter weak inflation will fail -economists

18/10 The European Central Bank's latest stimulus package will not significantly help to bring inflation back to target, according to economists in a Reuters poll who said the risk of a euro zone recession in. . .  Full story

EXPLAINER-What makes Japanese hotelier Unizo attractive for Blackstone and Elliott?

18/10 Little-known hotelier Unizo Holdings Co Ltd has found itself the centre of private equity attention, with global names vying for the opportunity to buy into Japan's property market on the cheap.. . .  Full story

Goldman wants traders to be more like dealmakers and coders

18/10 Over the past decade or so, Goldman Sachs Group Inc has watched its annual trading profits fall 84%, as post-financial crisis regulations upended Wall Street. Now, bank executives are hoping they have figured out the. . .  Full story

UAW will keep GM strike going while members vote on new contract

18/10 The United Auto Workers union said on Thursday workers at General Motors Co will stay off the job while they vote on a proposed contract that delivers higher pay for full-time workers and better terms. . .  Full story

Morgan Stanley executives offer cautious outlook after profit beat

17/10 Morgan Stanley reported a higher-than-expected profit on Thursday, bolstered by strength in bond trading and M&A advisory, but executives were careful not to sound too optimistic about the rest of the year.. . .  Full story

U.S. wheat futures approach 3-month high; soy, corn also rise

17/10 U.S. wheat futures hit their highest level in nearly three months on Thursday as signs of rising global cash prices prompted a round of short covering, traders said. Corn and soybean. . .  Full story

UAW deal with GM to end strike includes pay raises, but three plants would close

17/10 The United Auto Workers union said on Thursday workers at General Motors Co will stay off the job while they vote on a proposed contract that delivers higher pay and better terms for temporary workers,. . .  Full story

Australia's GSFM buys 49% stake in boutique fund manager from NAB unit

17/10 Australian wealth manager GSFM on Friday said it had bought a 49% stake in boutique fund manager Redpoint Investment Management from National Australia Bank-owned MLC Asset Management, for an undisclosed amount.. . .  Full story

U.S. stocks gain on upbeat earnings, geopolitical news

17/10 Wall Street advanced on Thursday as investor sentiment was buoyed by a string of corporate earnings beats and encouraging geopolitical developments.. . .  Full story

Chicago teachers picket across the city on first day of strike

17/10 Chicago teachers went on strike on Thursday and set up picket lines outside many of the city's 500 public schools, as union leaders and officials of the third-largest U.S. school district pushed ahead with negotiations. . .  Full story

Lebanon withdraws voice over internet protocol (VoIP) fees - local media

17/10 Lebanon's government withdrew a voice over internet protocol (VoIP) fee decided earlier by the cabinet as part of measures to raise revenues for the state, local Lebanese media said on Thursday.. . .  Full story

Mexico's president vows wage growth, labor reform funding in push for trade deal

17/10 Mexico's President Andres Manuel Lopez Obrador vowed on Thursday wage increases and funding for the implementation of labor reforms, part of a campaign to convince U.S. Democratic lawmakers to ratify a new North American. . .  Full story

Wall Street banks see green light from Fed on reserves -sources

17/10 Wall Street banks believe they are getting a green light from supervisors to hold more Treasury debt and less cash after last month's volatility in overnight lending markets, three industry sources told Reuters.. . .  Full story

US natgas 2020-21 winter futures rise after Kinder delays Permian pipe

17/10 U.S. natural gas futures for the winter of 2020-2021 gained the most of any contracts on Thursday after Kinder Morgan Inc delayed the projected in service date for its $2 billion Permian Highway gas. . .  Full story

U.S. stock funds see first weekly inflow in a month

17/10 U.S. equity funds attracted $4 billion in the week ended Wednesday, the first inflow in four weeks, according to data release by Lipper.. . .  Full story

UAW wrings higher pay from GM in deal to end strike, agrees to plant closings

17/10 The United Auto Workers union wrung higher pay and other benefits from General Motors Co as part of a tentative deal to end a month-long U.S. strike by about 48,000 workers, the union disclosed. . .  Full story

The tentative GM-UAW labor deal: details from the union's summary

17/10 The United Auto Workers union on Thursday released a summary of the tentative agreement it reached with General Motors Co to end a month-long U.S. strike by 48,000 workers.. . .  Full story

U.S. extends waiver for Iraq to import Iranian electricity for 120 days

17/10 The U.S. State Department said on Thursday it has extended by 120 days a waiver to sanctions allowing Iraq to import gas and electricity from Iran as it pushes Baghdad to make the country. . .  Full story

BOJ's Kuroda says global growth rebound seen delayed, signals easy bias

17/10 Bank of Japan Governor Haruhiko Kuroda said any pickup in global economic growth will likely be delayed due to the widening fallout from the U.S.-China trade tensions, signaling the bank's readiness to ease monetary policy. . .  Full story

Members of Los Angeles pension board ready to drop money manager Ken Fisher

17/10 Commissioners of a $23 billion Los Angeles fire and police pension fund are ready to drop the firm of money manager Kenneth Fisher, who is under fire for allegedly making insensitive remarks about women.. . .  Full story

Democrats Warren and Sanders want wealth tax; economists explain how it works

17/10 From 1982 to 2018 the share of U.S. wealth held by the 400 richest Americans is estimated to have grown from 1% to around 3.5%, or probably around $3 trillion.. . .  Full story

In trading revamp, Goldman's message to staff: be like dealmakers

17/10 Over the past decade or so, Goldman Sachs Group Inc has watched its annual trading profits fall a whopping 84%, as post-financial crisis regulations upended Wall Street. Now, bank executives are hoping they have figured. . .  Full story

Pence says U.S. to halt sanctions after Turkey ceasefire deal

17/10 U.S. Vice President Mike Pence said on Thursday that Washington will impose no further sanctions on Turkey once there is a ceasefire in northern Syria, and that it will withdraw existing sanctions once the. . .  Full story

Fed should cautiously probe for maximum employment: Evans

17/10 Chicago Fed President Charles Evans on Wednesday said the U.S. central bank should "continue to cautiously probe for the true level of maximum employment" in the United States, even though the current 3.5% unemployment rate. . .  Full story

As 'Cannabis 2.0' kicks off in Canada, industry strangled by limited retail outlets

17/10 A year after Canada legalized use of recreational marijuana cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin pot-infused drinks and other products will quickly lift shares may. . .  Full story

First Quantum shares jump after Jiangxi Copper-backed firm boosts stake

17/10 Shares of First Quantum Minerals Ltd rose as much as 17% on Thursday after an investment firm backed by Chinese state-owned Jiangxi Copper Co Ltd increased its stake in the Canadian miner.. . .  Full story

White House adviser says China agricultural purchases will depend partly on markets

17/10 White House economic adviser Larry Kudlow said on Thursday that China's "serious commitment" to buy $40 billion to $50 billion worth of U.S. agricultural goods as part of a phase 1 trade deal would. . .  Full story

EXCLUSIVE-Yachtmaker Ferretti plans private share sale after scrapping IPO

17/10 Italy's Ferretti plans to bring on board a European private investor after abandoning a planned stock market flotation, the yachtmaker's chief executive said on Thursday.. . .  Full story

U.S. homebuilding retreats, manufacturing still struggling

17/10 U.S. homebuilding tumbled from more than a 12-year high in September, but single-family home construction rose for a fourth straight month, suggesting the housing market remains supported by lower mortgage rates even as the economy. . .  Full story

IMF will stand by Argentina during crisis - Georgieva

17/10 The International Monetary Fund will stand by Argentina as it works through its economic crisis, Managing Director Kristalina Georgieva said on Thursday.. . .  Full story

Czech firm PPF close to deal with AT&T on buying CME - reports

17/10 Investment group PPF, owned by the Czech Republic's richest man Petr Kellner, is close to concluding talks on buying a majority stake in Central European Media Enterprises (CME) from U.S. firm AT&T, Czech and Bulgarian. . .  Full story

VW gets more time from U.S., auditor to comply with diesel settlement terms

17/10 Volkswagen said on Thursday it has been granted an additional 90 days to test its compliance programmes required under a criminal plea agreement with the U.S. government following its emissions cheating scandal.. . .  Full story

Tyson Foods bans growth drug from U.S. hog supply as meat firms chase China demand

17/10 Tyson Foods Inc in February will stop buying U.S. hogs raised with a growth drug banned by China, the company said on Thursday, as global meat suppliers seek an edge in boosting sales to. . .  Full story

Weed stocks drive TSX higher as 'Cannabis 2.0' kicks off

17/10 Canada's main stock index advanced on Thursday, led by cannabis stocks as legalization of marijuana derivatives including edibles and beverages took effect.. . .  Full story

Mexico's president threatens to name oil firms whose investments are delayed

17/10 Mexico's President Andres Manuel Lopez Obrador said on Thursday he will publicly name oil companies whose planned investments are delayed, following a landmark energy opening in the prior administration that he has called a failure.. . .  Full story

Cruise ships in French waters agree to pollute less

17/10 The main cruise ship operators in French waters have agreed on measures to limit pollution caused by their vessels, including hooking up to the power grid instead of keeping their engines running during stopovers.. . .  Full story

China says it hopes to reach phased trade pact with U.S. as soon as possible

17/10 China hopes to reach a phased agreement in a protracted trade dispute with the United States and cancel tariffs as soon as possible, the Commerce Ministry said on Thursday, adding that trade wars had. . .  Full story

Cannabis stocks lead TSX higher at open as 'Cannabis 2.0' kicks off

17/10 Canada's main stock index rose at open on Thursday, in broad-based gains, led by cannabis stocks as legalization of marijuana derivatives including edibles and beverages took effect.. . .  Full story

Baltic index drops for fifth session on slowing vessel activity

17/10 The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, slipped for a fifth straight session on Thursday, as dim demand across all vessel segments continued to weigh. . .  Full story

U.S. manufacturing production falls in September, hurt by GM strike

17/10 U.S. manufacturing output fell more than expected in September, hampered by a strike at General Motors, and the outlook for factories remained weak amid slowing global growth and unresolved trade tensions.. . .  Full story

Barrick misses quarterly gold output estimates on Tanzania curbs

17/10 Barrick Gold Corp, fell short of analysts' estimates for third-quarter gold production on Thursday, as lower output at its North Mara mine in Tanzania offset gains from its Randgold buy and the Nevada Gold. . .  Full story

Stock market tunes in to Netflix after subscriber bounce

17/10 Wall Street cheered a rebound in Netflix subscribers in the third quarter, driving shares in the firm 9% higher on Thursday even as analysts warned conservative estimates for the next three months may be. . .  Full story

Honeywell cuts full-year revenue forecast after miss

17/10 Diversified manufacturer Honeywell International Inc fell short of Wall Street estimates for quarterly revenue on Thursday and cut its full-year sales forecast, as its customers remain cautious about capital spending amid a slowing global economy.. . .  Full story

U.S. weekly jobless claims rise modestly

17/10 The number of Americans filing applications for unemployment benefits rose marginally last week, suggesting the labor market continues to tighten despite slowing hiring and economic growth.. . .  Full story