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Thursday, October 23, 2014

Business Today: GM posts higher-than-expected profit on strong N. American demand

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GM posts higher-than-expected profit on strong N. American demand
DETROIT (Reuters) - General Motors Co on Thursday reported a higher-than-expected profit in the third quarter and said it had strong demand for its redesigned full-size pickup trucks in North America.
Caterpillar profit beats view, raises outlook; shares gain
(Reuters) - Caterpillar Inc shares jumped more than 6 percent in premarket trading after the company reported a stronger-than-expected quarterly profit and boosted its 2014 profit outlook, citing strong demand for its products in North America.
Wall St. set to open higher on Caterpillar, 3M results
NEW YORK (Reuters) - U.S. stock index futures pointed to a higher open on Thursday as a number of strong results, including from a pair of Dow components, reassured investors that corporations continued to fare well despite concerns about global economic growth.
GT Advanced settles with Apple, to exit sapphire production
(Reuters) - GT Advanced Technologies Inc said it reached an agreement with Apple Inc , under which GT will exit sapphire materials production.
Comcast reports higher quarterly revenue, profit
NEW YORK (Reuters) - Comcast Corp reported on Thursday higher quarterly revenue and income as more people signed up for its high speed Internet service.
U.S. prosecutors probe Takata Corp over statements: WSJ
NEW YORK (Reuters) - U.S. federal prosecutors are trying to determine whether Japanese auto parts maker Takata Corp misled U.S. regulators about the number of defective air bags it sold to automakers, including Toyota Motor Corp and Honda Motor Co Ltd , The Wall Street Journal reported on Wednesday.
U.S. jobless claims data point to firming labor market
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend firmly pointed to strengthening labor market conditions.
Business activity improves in China, euro zone but little sign of turnaround
LONDON/BEIJING (Reuters) - 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.
Tesco scraps profit outlook as accounting black hole deepens
LONDON (Reuters) - 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.
Pilots propose talks with Lufthansa over pay, retirement benefits
FRANKFURT (Reuters) - 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.
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