Exclusive: GE nears deal to sell over $30 billion of loans to Wells Fargo - source

- General Electric Co is in advanced talks to sell a specialty finance portfolio, worth more than $30 billion, to Wells Fargo & Co , according to a person familiar with the matter, as the industrial conglomerate returns to its roots.

Recent Business News

Twitter plans layoffs next week: Re/code

- Twitter Inc is planning company-wide layoffs next week, technology news website Re/code reported on Friday, citing sources.

6:21pm EDT

Bombardier in talks with North American airlines on CSeries jet orders

TORONTO/PARIS - Canada's Bombardier Inc said on Friday it is in advanced discussions to sell its new CSeries jet to airlines in North America, without identifying the prospective buyers.

China concerns leave central banks in difficult spot

LONDON - The coming week will provide clues on whether the global economy is escaping from its lackluster growth rut, amid growing concerns of another downturn which central banks have few tools left to fight.

9:13pm EDT

California gives Volkswagen November 20 deadline for technical fix in diesel scandal

SAN FRANCISCO - California has given carmaker Volkswagen until November 20 to come up with a plan to fix the diesel cars affected by its rigging of emissions tests, a spokesman for the California Air Resources Board (CARB) said on Friday.

4:00pm EDT

U.S. import prices point to smaller drag on inflation

WASHINGTON - U.S. import prices fell only slightly in September, offset by recovering oil prices, suggesting a slowdown in the rate of imported deflation is occurring which may eventually allow the Federal Reserve to raise interest rates.

12:18pm EDT


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