The Other Side of Life 24/7: Business Today: U.S. producer prices unexpectedly fall, inflation pressures muted in September

Tuesday, October 29, 2013

Business Today: U.S. producer prices unexpectedly fall, inflation pressures muted in September

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10/29/2013

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U.S. producer prices unexpectedly fall, inflation pressures muted in September

WASHINGTON (Reuters) - U.S. producer prices unexpectedly fell in September and the increase in the annual rate was the smallest in nearly four years, pointing to a benign inflation environment.

Pfizer third-quarter profit beats estimates; oncology drugs shine

(Reuters) - Pfizer Inc reported better-than-expected third-quarter earnings on Tuesday, helped by costs cuts and growing sales of recently approved cancer medicines.

U.S. consumer spending measure rises, but auto sales tumble

WASHINGTON (Reuters) - A gauge of U.S. consumer spending rose in September as Americans likely snapped up Apple's new iPhone and bought leisure goods, but falling sales of automobiles pointed to sluggish economic growth during the third quarter.

Thomson Reuters turns corner on Financial & Risk sales

(Reuters) - Thomson Reuters Corp said on Tuesday that net sales in its Financial & Risk division turned positive for the first time since 2011.

BP ups asset sales, dividend as big oil Q3 kicks off

LONDON (Reuters) - BP Plc kicked off the quarterly results season for top global oil firms with some good news for the sector's beleaguered investors - a forecast beating result, a dividend hike, and a promise to sell more assets and return the proceeds to shareholders.

Cost of banking clean-up batters Deutsche, UBS, Lloyds

ZURICH/FRANKFURT (Reuters) - Three of Europe's biggest banks suffered third quarter hits on Tuesday as the relentless rise in the cost of an industry clean up after a string of scandals shows no signs of abating.

Stock futures flat before Fed meeting, housing data

NEW YORK (Reuters) - Stock index futures were little changed on Tuesday, suggesting the market's recent rally may have run out of steam as earnings fail to spur optimism with stocks near record highs.

Exclusive: China central bank seeks to reassure money markets after rate spike

BEIJING (Reuters) - China's central bank sought to reassure money market traders that a spike in short-term interest rates does not signal a dramatic tightening of liquidity, sources said, in an apparent move to avoid a repeat of a credit panic that roiled markets in June.

Airbus says JetBlue deal marks 10,000th A320 family order

PARIS (Reuters) - Airbus said on Tuesday it had reached the 10,000th order for an A320 family aircraft thanks to its latest deal with JetBlue Airways .

Infosys says in process of resolving U.S. visa investigation

BANGALORE (Reuters) - Indian IT firm Infosys Ltd said on Tuesday it was in the process of reaching a settlement with the U.S. government over the company's alleged misuse of temporary business visas.