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GM posts higher-than-expected profit on strong North American demand

DETROIT - General Motors Co on Thursday posted a higher-than-expected profit for the third quarter on strong demand in its home North American market and in China.

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Business activity improves in China, euro zone but little sign of turnaround

LONDON/BEIJING - Euro zone businesses performed much better than forecasters expected this month and China's vast factory sector grew a shade faster but there were worrying signs that the upturn could be short-lived.

6:47am EDT

Honda executives to take pay cut after fifth Fit hybrid recall

TOKYO - Honda Motor Co said on Thursday its president and 12 other executives would take an unprecedented, quality-related pay cut after the Japanese automaker announced the fifth recall in a year of its new Fit hybrid model.

Tesco scraps profit outlook as accounting black hole deepens

LONDON - Tesco reported a bigger than expected hole in its finances on Thursday after finding accounting mistakes had gone back further than initially thought, forcing Britain’s biggest grocer to scrap its full-year profit outlook.

5:36am EDT

Europe's banks face moment of truth from ECB review

LONDON/FRANKFURT - At around noon on Thursday, the euro zone's 130 biggest banks will receive the European Central Bank's final verdict on their finances after a review aimed at drawing a line under persistent doubts about the health of the region's banking sector.

6:02am EDT

Pilots propose talks with Lufthansa over pay, retirement benefits

FRANKFURT - German pilots' union Vereinigung Cockpit (VC) has proposed restarting talks with Lufthansa over pay and early retirement benefits but does not rule out further strikes during the negotiations.

7:24am EDT

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