Career News 24/7: Before the Bell: U.S. third-quarter growth raised to 4.1 percent

Friday, December 20, 2013

Before the Bell: U.S. third-quarter growth raised to 4.1 percent

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12/20/2013

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. third-quarter growth raised to 4.1 percent

WASHINGTON (Reuters) - The U.S. economy grew at its fastest pace in almost two years in the third quarter while business spending was stronger than previously estimated, pointing to some underlying strength that should be sustained.

Stock futures edge higher after GDP data

NEW YORK (Reuters) - Stock futures edged higher on Friday after data showed the U.S. economy grew at its fastest pace in almost two years in the third quarter.

GM reshuffle to test Opel CEO's turnaround skills

FRANKFURT (Reuters) - A management rejig at General Motors and the scaling back of its alliance with PSA Peugeot Citroen have created fresh uncertainty over the U.S. carmaker's strategy for Opel, just as the European business seemed to have secured a settled future.

BlackBerry reports huge loss on writedown, impairment charges

TORONTO (Reuters) - BlackBerry Ltd reported a massive quarterly loss on Friday due to an inventory write-down and asset impairment charges, and its shares fell more than 6 percent.

EU says Google concessions in antitrust case not acceptable

BRUSSELS (Reuters) - Google's revised proposals to settle an antitrust case are not acceptable, European Union competition commissioner Joaquin Almunia said on Friday.

Promotions, fewer new generic drugs hurt Walgreen

(Reuters) - Walgreen Co , the largest U.S. drugstore operator, reported higher quarterly sales on Friday, but an increase in promotions and a slowdown in the introduction of higher-profit generic drugs cut into its gross profit margin.

S&P cuts EU's AAA rating, European officials dismiss move

BRUSSELS (Reuters) - Credit agency Standard & Poor's cut its triple-A rating of the European Union by one notch on Friday, saying it had concerns about how the bloc's budget was financed, a view EU leaders and other officials dismissed as misguided.

Navistar revenue drops 13.5 percent as market share slips

(Reuters) - Truck and engine maker Navistar International Corp reported a 13.5 percent drop in quarterly sales, hurt by weak demand across businesses and market share losses as it moves to a new emission technology.

Amazon workers in Germany to continue strikes in 2014

FRANKFURT (Reuters) - Workers at Amazon.com Inc's German operations plan to continue their strikes next year, the Verdi labor union said on Friday, in a dispute over pay that has already been raging for several months.

Deutsche Bank pays $1.91 billion to resolve U.S. FHFA suit

FRANKFURT (Reuters) - Deutsche Bank will pay 1.4 billion euros ($1.91 billion) to resolve a law suit with the U.S. Federal Housing Finance Agency over mortgage-backed securities, Germany's biggest lender said on Friday.