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U.S. markets news

Volkswagen to Cut Back on Investment, Step Up Cost-Cutting
FRANKFURT— Volkswagen AG VLKAY 3.42 % is paring back an €86 billion investment plan and stepping up cost-cutting as it grapples with the fallout of its emissions scandal, Chief Executive Matthias M´┐Żller said Tuesday.
Volkswagen CEO warns of huge cuts over scandal  CNN
Volkswagen slashing costs that aren't 'absolutely vital' amid ...  USA TODAY
New York Times  
IMF sees favourable growth in India, urges structural reforms
NEW DELHI Growth prospects for India remain favourable despite a slowdown in the global economy, but the government should speed up structural reforms and relax supply constraints in the energy, mining, and power sectors, the International Monetary ...
IMF lowers global growth forecast  USA TODAY
IMF Downgrades Forecast for World, Emerging Market Economies  ABC News
UPDATE 2-Canada's trade deficit widens in August, exports slump
(A(Adds details, quotes, market reaction)). OTTAWA Oct 6 (Reuters) - Canadian exports fell by the most in 3-1/2 years in August as cheaper commodity prices took a bite out of the energy sector, although the data did not dispel expectations that ...
As exports fall, US trade deficit balloons to five-month high  Los Angeles Times
Canada's Trade Deficit Deteriorates in August on Commodity Plunge  Wall Street Journal
How Twitter plans to save you from information overload
If you've ever found Twitter too overwhelming for regular use, you might want to give it another try: The social network's trying really, really hard to accommodate frazzled users like you.
Twitter rolls out feature that showcases day's best tweets  Reuters
Twitter launches 'Moments' to curate tweets  Los Angeles Times
FAA proposes nearly $2 million fine against Chicago drone operator
The Federal Aviation Administration on Tuesday proposed a record $1.9 million fine against an aerial photography company for flying drones in crowded New York and Chicago airspace without permission.
FAA wants to fine SkyPan $1.9 million for 'reckless' drone operations  Washington Post
FAA proposes $1.9 million fine against drone company SkyPan, in record ...  USA TODAY
Here's what you can get at McDonald's all-day breakfast
Your favorites might not be available. People have been patiently awaiting the arrival of McDonald's MCD 0.36% all-day breakfast menu since the fast food giant announced last month that it would be expanding the option to all of its U.S.
McDonald's begins limited all-day breakfast menu  Detroit Free Press
The catch about McDonald's all-day breakfast  CNBC
Oil hits month-high; eyes on less output, Saudi-Russia talks
NEW YORK Crude prices hit one-month highs on Tuesday after a new U.S. forecast showed tighter oil supplies next year, while and Russia, Saudi Arabia and other big producers hinted at further talks to support the market.
Oil Rises on Growing Expectation of Production Cuts  Wall Street Journal
Why lifting oil export ban can help US foreign policy  Reuters Blogs (blog)
AB InBev seen reining in SABMiller's decentralized culture
(This story corrects fifth paragraph to show SAB margin 29.5 percent, not 23 percent). By Martinne Geller. LONDON (Reuters) - If brewing giant Anheuser-Busch InBev buys SABMiller, it will likely force its centralized and standardized operating model on ...
SABMiller's Zimbabwe Unit Lager Volumes Grow After Price Cuts  Bloomberg
Report: SABMiller rejects $100B bid from Anheuser-Busch InBev  USA TODAY
Freeport trims board, reviews oil and gas; shares jump
Freeport-McMoRan Inc, under pressure from activist shareholder Carl Icahn and weak commodity prices, said on Tuesday it is slashing the size of its board and exploring a spinoff or a joint venture for its oil and gas operations.
With Icahn at Door, Freeport Is Latest to Adapt Business, Board  Bloomberg
Freeport-McMoRan Considers Exiting Oil and Gas Business  ABC News
Wall Street profits rise by nearly a third in first half of 2015: report
NEW YORK Wall Street broker-dealers posted profits of $11.3 billion in the first half of 2015, up 29 percent from the same period last year and the strongest first half since 2011, a New York financial watchdog said on Tuesday.
Making Bank: Wall Streeters Are Earning More Than Ever Before  Forbes
It still pays big to work on Wall Street  New York Post