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Saturday, October 3, 2015
Most automakers reported another strong month of U.S. sales in September on Thursday, while Volkswagen's sales were essentially flat in the wake of the German company's pollution-cheating scandal.
Ben Bernanke, in new memoir, recalls Lehman's 'surreal' failure
Ben Bernanke recalls the September weekend in 2008 when regulators sought desperately but in vain to save the investment bank Lehman Brothers as a "terrible, surreal moment."
Nearly two thirds of United Auto Workers at Fiat Chrysler voted to reject a proposed contract agreement with the company. Sixty-five percent of the membership voted against the pact, the union said Thursday, sending UAW leaders scrambling for a Plan B. Union leaders from across the nation were meeting Thursday in a Detroit, Michigan suburb to talk about their next move.
The head of the World Bank, Jim Yong Kim, criticized companies dodging taxes Thursday, calling it corrupt behavior that ultimately hurts the poor.
Apple has filled a void on its board of directors with James Bell, the former chief financial officer for aircraft maker Boeing Co.
U.S. packaged foods company ConAgra Foods will eliminate 1,500 jobs -- which represents 30 percent of its office-based workforce -- and move its headquarters to Chicago, Illinois from Omaha, Nebraska, with the goal of creating a more-efficient packaged food company.
European stocks rose while Asian markets were lackluster Friday as investors waited for a U.S. jobs report that could influence whether the U.S. Federal Reserve chooses October or December for its first interest rate hike in nearly a decade.
Oil prices climbed in Asia Friday ahead of the release of a U.S. jobs report and as a hurricane threatened refineries on the U.S. east coast.
Russia's first personal bankruptcy law came into force on Thursday in a move expected to usher in a flood of legal action by Russians who are struggling to pay back loans.
The U.S. dollar was little changed against most of its Asia-Pacific peers on Friday as foreign exchange dealers looked ahead to closely watched U.S. employment figures released later in the day.
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