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Stress tests, Ebola cool global stocks after best week of year

LONDON (Reuters) – World stocks dipped on Friday, as European bank stress test results due at the weekend and New York City’s first case of Ebola prompted investors to lock in profits after the best week for shares in well … Continue reading

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Stagnating euro zone seeks to persuade Germany to shift

BRUSSELS (Reuters) – Euro zone leaders sought on Friday to bridge stark differences over how to avoid economic stagnation and deflation in the bloc, with Germany facing fresh calls to soften its budget rigor and spend more. With a U.S.-style … Continue reading

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Ford profit beats Street; sales down on F-150 launch

DETROIT (Reuters) – Ford Motor Co’s (F.N) third-quarter earnings beat Wall Street expectations on a strong showing in North America and China even as revenue fell due to the cost of introducing the F-150 pickup truck. Ford’s launch of its … Continue reading

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P&G to split off Duracell battery business

(Reuters) – Procter Gamble Co (PG.N) said it would split off its Duracell battery business into a separate company as it looks to focus on its faster-growing brands. The world’s largest household products maker also reported a slight fall in … Continue reading

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Apple ponders sapphire options, leaves door open for GT

(Reuters) – Apple Inc (AAPL.O) said on Thursday it is studying options for sapphire supply and might work again with GT Advanced Technologies Inc (GTATQ.PK) if the distressed supplier can reduce production costs for the scratch-resistant material. GT, a former … Continue reading

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Microsoft sales beat Street hopes, shares rise

SEATTLE (Reuters) – Microsoft Corp (MSFT.O) reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins intact. The results on Thursday allayed fears of investors in recent … Continue reading

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Wall St. gains on industrial earnings but ends off highs

NEW YORK (Reuters) – Earnings from Caterpillar and 3M drove Wall Street higher on Thursday but stocks pared gains in late trading after reports that a New York hospital was running Ebola tests on a healthcare worker. The day’s advance … Continue reading

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In emerging Indonesia, Honda’s Mobilio muscles in on Toyota’s turf

JAKARTA/SINGAPORE (Reuters) – Honda Motor’s (7267.T) Mobilio, a spacious yet affordable multi-purpose vehicle (MPV), has nearly doubled its market share this year, triggering a price war with Toyota Motor (7203.T) in Indonesia, the latest battleground for global carmakers. Toyota and … Continue reading

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Chinese trainmakers set to go head to head for California deal

SHANGHAI (Reuters) – China’s CSR Corp Ltd is keen to supply high-speed trains to California, a company official said, in a move that will pit the trainmaker against domestic rival China CNR Corp Ltd. China has made no secret of … Continue reading

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Asia stocks hobbled by growth anxiety, China PMI fails to impress

TOKYO (Reuters) – Asian shares sagged on Thursday after a retreat on Wall Street and falling crude oil prices rekindled investor anxiety over slowing global growth, while a mixed picture on Chinese manufacturing failed to impress markets. Japan’s Nikkei share … Continue reading

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