Friday, October 16, 2015

Carrefour Sales Boosted by Europe

French retailer Carrefour reported a rise in sales for the third quarter, boosted by a strong performance in its key European markets, including France and Spain

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GE Profit Tops Expectations

General Electric reported better-than-expected profit in its third quarter, as earnings improved in its core industrials businesses.

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Uber Scores U.K. Legal Victory

Uber Technologies Inc. scored a victory in the U.K. as the London High Court ruled that the ride-sharing company wasn’t breaking the law through its app, which calculates a fare based on the time and distance of the ride.

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IBM Lets Chinese Officials Review Source Code

IBM has agreed to let China’s technology ministry review some product source code in a secure room, making it the first major U.S. tech company to comply with requests from Beijing that the industry has opposed.

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Ford Recalling 220,000 Vehicles in China

Car maker cites risk of fuel leakage in vehicles built by joint venture with Chinese firm.

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Thursday, October 15, 2015

Nestlé Cuts Outlook as Sales Slip

Nestlé reported a 2% fall in sales and lowered its guidance for organic sales growth, as the Swiss food giant navigated problems that included a food scare in India and a highly valued Swiss franc.

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Rio Pares Output of Less-Sparkling Niche Commodities

Rio Tinto’s shipments of iron ore have surged, although the mining giant is dialing back production of some niche commodities such as diamonds and salt amid broad-based weakness in commodity markets.

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