Business Today: U.S. third-quarter growth raised to 4.1 percent

		Click to View in Browser 12/20/2013 U.S. third-quarter growth raised to 4.1 percent WASHINGTON (Reuters) - The U.S. economy grew at its fastest pace in almost two years in the third quarter while business spending was stronger than previously estimated, pointing to some underlying strength that should be sustained. Stock futures edge higher after GDP data NEW YORK (Reuters) - Stock futures edged higher on Friday after data showed the U.S. economy grew at its fastest pace in almost two years in the third quarter. GM reshuffle to test Opel CEO's turnaround skills FRANKFURT (Reuters) - A management rejig at General Motors and the scaling back of its alliance with PSA Peugeot Citroen have created fresh uncertainty over the U.S. carmaker's strategy for Opel, just as the European business seemed to have secured a settled future. BlackBerry reports huge loss on writedown, impairment charges TORONTO (Reuters) - BlackBerry Ltd reported a massive quarterly loss on Friday due to an inventory write-down and asset impairment charges, and its shares fell more than 6 percent. EU says Google concessions in antitrust case not acceptable BRUSSELS (Reuters) - Google's revised proposals to settle an antitrust case are not acceptable, European Union competition commissioner Joaquin Almunia said on Friday. Promotions, fewer new generic drugs hurt Walgreen (Reuters) - Walgreen Co , the largest U.S. drugstore operator, reported higher quarterly sales on Friday, but an increase in promotions and a slowdown in the introduction of higher-profit generic drugs cut into its gross profit margin. S&P cuts EU's AAA rating, European officials dismiss move BRUSSELS (Reuters) - Credit agency Standard & Poor's cut its triple-A rating of the European Union by one notch on Friday, saying it had concerns about how the bloc's budget was financed, a view EU leaders and other officials dismissed as misguided. Navistar revenue drops 13.5 percent as market share slips (Reuters) - Truck and engine maker Navistar International Corp reported a 13.5 percent drop in quarterly sales, hurt by weak demand across businesses and market share losses as it moves to a new emission technology. Amazon workers in Germany to continue strikes in 2014 FRANKFURT (Reuters) - Workers at Amazon.com Inc's German operations plan to continue their strikes next year, the Verdi labor union said on Friday, in a dispute over pay that has already been raging for several months. Deutsche Bank pays $1.91 billion to resolve U.S. FHFA suit FRANKFURT (Reuters) - Deutsche Bank will pay 1.4 billion euros ($1.91 billion) to resolve a law suit with the U.S. Federal Housing Finance Agency over mortgage-backed securities, Germany's biggest lender said on Friday. Related Video Reuters on the Road: We Are Pop Up Reuters Today: Bet on new euro zone crisis in 2014 – ETX Economic News U.S. third-quarter growth raised to 4.1 percent Yellen expected to win Senate test vote on Friday to head Fed A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend