WASHINGTON U.S. consumer spending barely rose in October as households took advantage of rising incomes to boost savings to their highest level in nearly three years, pointing to moderate economic growth in the fourth quarter.
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WOLFSBURG, Germany Volkswagen will not lower planned provisions of 6.7 billion euros ($7.1 billion) for the costs of its diesel emissions scandal, though the technical fix for 8.5 million cars in Europe have turned out to be simpler than expected.
United Continental Holdings Inc is offering pilots a 13 percent pay increase in 2016 in a contract that would put them at or near the top of the U.S. airline industry's pay scale, Bloomberg reported, citing two people briefed on the plan.
Deere & Co on Wednesday reported a drop in quarterly earnings that was not as steep as Wall Street expected and gave a less dire outlook than analysts had feared, saying it was well-positioned to weather a worsening slump in demand for its farm equipment.
NEW YORK Barclays Plc has agreed to pay $14 million to settle litigation by holders of its American depositary shares that it conspired with rivals to rig the Libor benchmark interest rate, causing its share price to be inflated.
CAMAGUEY, Cuba When Julio Manzini decided two years ago to name his small restaurant McDonald's after the famous fast-food chain , he had no idea it could cause any trouble. He has since been frightened into removing the name.