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U.S. markets news

Dovish Fed drives Wall Street higher
NEW YORK U.S. stocks closed higher on Thursday as investors saw further signs of dovishness in the Federal Reserve September meeting minutes which shed light on its decision to keep interest rates near zero.
Inside the Fed's Decision to Postpone Raising Interest Rates  New York Times
Stocks Extend Gains as Fed Remains Uneasy on Inflation  Wall Street Journal
VW's US Chief Tells Congress of a Wait to Fix Diesel Cars
WASHINGTON - Hundreds of thousands of owners of Volkswagen diesel cars that skirt emissions standards may have to wait a year or more to get their cars fixed, the head of the automaker's American unit said at a contentious House hearing on Thursday.
Volkswagen's US CEO apologizes for emissions cheating scandal  Washington Post
VW's US chief faces Congress  Los Angeles Times
Alcoa kicks off earnings season with a whiff
Alcoa launched the third quarter earnings season on a bad note. The aluminum maker reported an adjusted quarterly profit of 7 cents a share, missing analysts 13 cents a share estimate.
Alcoa Profit Misses Estimates as Aluminum Extends Price Drop  Bloomberg
Alcoa shares fall after big earnings miss  CNBC
Allianz says Bill Gross's $200 million lawsuit has no merit
FRANKFURT German insurer Allianz (ALVG.DE) on Thursday said a $200 million lawsuit launched by former employee and renowned bond investor Bill Gross over his ouster from Allianz's asset management unit Pacific Investment Management Co (Pimco) ...
Bill Gross Sues Pimco for Breach of Contract  Wall Street Journal
Billionaire bond investor Bill Gross sues Pimco for $200 mn  Fox News Latino
Netflix's Price Increase: Gambling on Subscribers
Another year, another $1 price increase for Netflix. NFLX 6.36 %. The video-streaming service on Thursday raised the price of its most popular subscription for customers in the U.S.
Netflix hikes rate for most popular plan by $1.00  Reuters
Are you willing to pay an extra dollar for Netflix? Its most popular plan is ...  Los Angeles Times
FOMC Minutes to the September Meeting Highlight the Debate on Timing of Rate Hikes
The Federal Open Market Committee (FOMC) spent much of its time at the September 16-17 meeting debating the timing of when to begin normalizing short-term rates.
Crude Oil Spikes Above $50 a Barrel  FX News Call
September FOMC minutes Delay was not a “close” call  EconoTimes
Amazon Handmade could craft doom for Etsy
Amazon is emphasizing that goods listed on Amazon Handmade must be “factory-free” and “genuinely handmade.” By. CaitlinHuston.
Etsy stock sinks 4% after Amazon Handmade launch panics investors  VentureBeat
How Amazon's 'Handmade' Plans to Take on Etsy  ABC News
Ride-hailing company Lyft partners with Hertz, Shell
SAN FRANCISCO Lyft has partnered with Hertz Global Holdings Inc to offer rental cars to its drivers, the ride-hailing company said at a media event on Thursday.
Lyft Offers Car Rental, Fuel Perks to Keep Drivers Happy  Bloomberg
In A Bid To Keep Drivers Loyal, Lyft Debuts Hertz Short-Term Rentals, Gas Deals  Forbes
Christine Lagarde open to second term as IMF chief
Christine Lagarde has opened the door to a second five-year term at the head of the International Monetary Fund, saying she is “prepared to serve” if the fund's shareholders decide to keep her as managing director.
The era of the IMF as a French political plaything must end
Lagarde Says China's Enormous Economic Shift Will Be Bumpy Ride  Bloomberg
UAW Rallying Support for Fiat Chrysler Contract with Promise of Higher Wages
The United Auto Workers union will use the promise of higher wages for entry-level workers and more clarity on future vehicle production to rally skeptical rank-and-file members to support a richer contract with Fiat Chrysler Automobiles FCAU 4.72 % NV ...
UPDATE 1-Fiat Chrysler workers skeptical of new UAW deal's impact on wages  Reuters
UAW and the Auto Industry  New York Times