The Other Side of Life 24/7: Business Today: U.S. consumer prices barely rise as energy costs fall

Wednesday, October 22, 2014

Business Today: U.S. consumer prices barely rise as energy costs fall

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10/22/2014

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

U.S. consumer prices barely rise as energy costs fall

WASHINGTON (Reuters) - U.S. consumer prices rose marginally in September as energy costs fell broadly, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while.

Boeing, Dow Chemical among biggest premarket movers

NEW YORK (Reuters) - Boeing Co and Dow Chemical were among the biggest movers of Wednesday's premarket session, with both stocks higher in the wake of strong results.

Boeing's profit jumps 18 percent; raises 2014 earnings forecast again

(Reuters) - Boeing Co reported an 18 percent increase in quarterly profit and raised its full-year core earnings forecast for the third time, reflecting booming commercial aircraft demand.

Total names Pouyanne and Desmarest to top positions

PARIS (Reuters) - French oil major Total on Wednesday appointed refining head Patrick Pouyanne as chief executive and former CEO Thierry Desmarest as non-executive chairman.

Dow Chemical profit beats as plastics sales rise

(Reuters) - Dow Chemical Co , the No. 1 U.S. chemical maker by sales, reported a better-than-expected quarterly profit for the fourth time in a row, helped by higher sales in its plastics and performance materials business units.

Lufthansa close to deal with IBM for IT infrastructure unit

BERLIN/FRANKFURT (Reuters) - German airline Lufthansa is close to a deal to sell its IT infrastructure unit to IBM , including an outsourcing agreement for the services, as part of a shake-up of its technology activities, it said on Wednesday.

Big Tech winning battle with 'patent trolls'

(Reuters) - For two decades, companies that buy software patents to sue technology giants have been the scourge of Silicon Valley. Reviled as patent trolls, they have attacked everything from Google's online ads to Apple's iPhone features, sometimes winning hundreds of millions of dollars.

U.S. regulators expand number of vehicles affected by Takata recalls

DETROIT (Reuters) - U.S. safety regulators on Wednesday expanded the number of vehicles in the United States that may be affected by recalls for potentially defective Takata Corp air bags that could spray shrapnel at occupants.

ECB cools speculation over bank health checks ahead of results

MADRID/VIENNA (Reuters) - The European Central Bank cautioned on Wednesday against speculation over the outcome of its stress tests after a media report said at least 11 banks had failed the landmark financial health checks, driving some banking shares lower.

Pimco's banking expert expects 18 lenders to fail ECB stress test

LONDON (Reuters) - Fixed income investment firm Pimco's global banking specialist, Philippe Bodereau, expects 18 banks will be seen to have failed the European Central Bank's stress test of 130 regional lenders when results are published by the ECB on Sunday.