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U.S. markets news

VW CEO says recall to start in January, be completed end-2016
BERLIN Volkswagen (VOWG_p.DE) Chief Executive Matthias Mueller said in an interview with a German newspaper that the company would launch a recall for cars affected by its diesel emissions crisis in January and complete the fix by the end of next year.
Volkswagen Sought a Green Seal for Its Diesel Cars  New York Times
More than 27000 used imports caught up in VW scandal  Irish Independent
ABC Online  
Samsung sees 80% surge in 3Q operating profit
Samsung has said its third-quarter operating profit was up 80% from over a year earlier, a forecast-beating result likely to have stemmed from strong sales of electronics components and a weakness in the local currency.
Samsung Elec shares open higher after better-than-expected profit  Reuters
CompaniesSamsung surprises with rise in 3Q operating profit  Financial Times
Asian shares firm after sharp rebound in oil, BOJ in focus
TOKYO Asian stocks held firm on Wednesday as oil prices showed some signs of life, supporting battered resource shares and emerging economy currencies, while Japanese markets were tentative ahead of a crucial Bank of Japan policy meeting.
Asian shares firm after sharp rebound in oil, Bank of Japan in focus  Financial Express
Asian shares firm after sharp rebound in oil, BOJ in focus | Reuters  Firstpost
Bill Ackman's latest wager: Bloomberg for president
Hedge fund billionaire Bill Ackman, who got rich making wagers, is now betting that former New York City Mayor Michael Bloomberg will run for president of the United States in 2016 - and win.
Bill Ackman says Bloomberg would win presidential race  New York Post
Bill Ackman says short-term money driving market volatility  Reuters
Top 500 US firms keep $2.1 trillion in tax havens, study finds
The largest 500 U.S. companies would owe an estimated $620 billion in U.S. taxes were it not for the more than $2.1 trillion in offshore cash that most of the firms hold in foreign tax havens, according to a study released Tuesday.
Big US firms hold $2.1 trillion overseas to avoid taxes  Business Recorder (press release) (blog)
Study shows Fortune 500 firms are holding $2.1 trillion in overseas tax havens
Optimism in oil industry despite global glut
Is the US shale revolution finally faltering? The idea was given extra momentum on Tuesday night, as oil prices jumped to a one-month high, with the benchmark Brent crude climbing back to more than $US50 a barrel.
US oil production decreased by 120000 barrels per day in
Cracks emerge in US oil boom  WSBT-TV
How the Dow Jones industrial average fared on Tuesday
U.S. stocks closed mostly lower Tuesday after five straight days of gains. DuPont and energy companies rose sharply, but the overall market was weighed down by health-care stocks, especially biotechnology companies.
Don't Call Your Broker  Huffington Post
Wall Street lower, investors eye upcoming quarterly reports | Reuters  Firstpost
Ouch! American Apparel's Bumpy Ride May End With A Bankruptcy But There's ...
In the heart of Shoreditch, London's start-up mecca and home to a small but cutting edge boutique shopping district, there is a small, but perfectly formed American Apparel store.
American Apparel Won't Abandon US Manufacturing in Bankruptcy  Wall Street Journal
American Apparel Filed For Bankruptcy; Is It Truly Over For The Made-In-The ...  iSchoolGuide
Stock Downgrades: Freeport-McMoRan Inc. (NYSE:FCX), Applied Materials, Inc ...
Freeport-McMoRan (NYSE:FCX) was downgraded by investment analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, StockTargetPrices.
DuPont up on CEO departure; Telsa's PT cut; Freeport-McMoRan may exit ...  Yahoo News
Peet's Coffee & Tea is buying Stumptown Coffee Roasters
Spencer Moody works on the coffee roaster at Stumptown Coffee Roasters in the Arts District in downtown Los Angeles. Spencer Moody works on the coffee roaster at Stumptown Coffee Roasters in the Arts District in downtown Los Angeles.
Peet's Coffee & Tea to Buy Stumptown Coffee  Wall Street Journal
Peet's Coffee & Tea To Purchase Oregon-Based Stumptown Coffee Roasters  CBS Local