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Consumer Reports says Tesla misunderstands ‘positive’ Model 3 rating

/  20.10.2017  /  Business 

DETROIT (Reuters) – Consumer Reports said on Friday that Tesla Inc had apparently misunderstood the “average” reliability rating the magazine assigned to the electric carmaker’s Model 3 sedan this week, calling it generally “positive” for an all-new vehicle.

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Whole Foods says hacking incident resolved

/  20.10.2017  /  Business 

(Reuters) – Amazon.com Inc’s Whole Foods Market said on Friday it had replaced affected point-of-sale systems at venues located within some stores where payment card information had been stolen.

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Top oilfield services firms signal fourth-quarter uncertainty

/  20.10.2017  /  Business 

(Reuters) – The world’s top two oilfield service firms on Friday warned slower producer spending and weakness in offshore exploration may weigh on current-quarter earnings, but said activity could improve in the longer term as the global crude market comes into balance.

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Airbus sees CSeries jets grabbing major global market share: CEO

/  20.10.2017  /  Business 

MONTREAL (Reuters) – Airbus SE expects to sell “thousands” of Bombardier Inc’s new CSeries aircraft, capturing half the global market for smaller single-aisle commercial jets, Chief Executive Tom Enders said on Friday.

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Fed’s Mester calls for balance on bank regulation rethink

/  20.10.2017  /  Business 

NEW YORK (Reuters) – Cleveland Federal Reserve Bank President Loretta Mester on Friday laid out a set of guiding principles by which to approach changes to U.S. banking regulations, emphasizing the need to tailor rules to risk, to boost cooperation across borders, and to aim for simplicity but not over-simplification.

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Wall Street up as progress in Trump’s tax plan lifts hopes

/  20.10.2017  /  Business 

(Reuters) – U.S. stocks extended gains in early afternoon trading on Friday to scale new highs on hopes that President Donald Trump’s tax-cut plan would make further headway after the Senate passed a budget resolution.

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Wells Fargo fires forex bankers, investigates unit: WSJ

/  20.10.2017  /  Business 

(Reuters) – Wells Fargo & Co , the third-largest U.S. bank by assets, has fired four foreign-exchange bankers amid an investigation into that business by both the bank and regulators, the Wall Street Journal reported, citing people familiar with the matter and the bank.

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Apple hit with trademark lawsuit over iPhone X ‘animoji’ feature

/  20.10.2017  /  Business 

NEW YORK (Reuters) – A Japanese software company is suing Apple Inc in a U.S. court over the trademark for the term “animoji”, alleging the U.S. technology company stole the name to use on a feature of its iPhone X.

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Merck to cut 1,800 U.S. sales jobs, add 960 in chronic care

/  20.10.2017  /  Business 

(Reuters) – Drugmaker Merck & Co Inc , moving to a new sales team structure in the United States, plans to cut 1,800 sales positions, while adding 960 jobs to a new chronic care sales force, the company said on Friday.

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Gillette weakens P&G report after Peltz row

/  20.10.2017  /  Business 

(Reuters) – Procter & Gamble Co disappointed Wall Street with sales on Friday, hurt by continuing weakness in its Gillette business, a week after it claimed to have fought off hedge-fund manager Nelson Peltz’s move to muscle onto the board.

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