U.S. data points to moderate fourth-quarter growth

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.

Recent Business News

VW maintains $7 billion of provisions despite simple emissions fix

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 to offer 13 percent pay increase to pilots: Bloomberg

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.

1:47pm EST

Deere sees weak equipment sales in 2016 as farm economy remains soft

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.

2:38pm EST

Barclays settles with U.S. investors over Libor manipulation

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.

12:23pm EST

With U.S.-Cuba detente, a battle over trademarks looms

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.

1:38pm EST


  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary