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U.S. markets news

Which product launch was a bigger disaster: Microsoft's Surface or Amazon's ...
Back when Jeff Bezos was first unveiling Amazon's Fire Phone in June, he may have been preparing the world for the disaster the lay ahead.
Amazon lost nearly half a billion dollars in the past three months
Amazon's loss makes holidays a question mark  U.S. News & World Report
The Seattle Times   Related articles »  
GDP rises by 0.7% in third quarter
UK economic growth slowed in the three months to September, with the economy expanding by just 0.7%, the Office for National Statistics said.
U.K. Economic Growth Slows as Obstacles to Recovery Mount  Bloomberg
UK growth slows to 0.7pc as services sector falters
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Commodities: A partial pump primer
Few economic forces are more important than commodity prices. When they rise they transfer riches and power from consumers to producers; when they fall, it is as near as anything in economics to a free lunch for consumers.
UPDATE 2-Chinese home prices fall for fifth month in Sept, year's gains lost  Reuters
China's Sept house prices ease  Sin Chew Jit Poh
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Middle Class Adults Only Have $20000 Saved for Retirement
Americans continue to fall far short of what they need to be saving for retirement. According to a new survey commissioned by Wells Fargo through Harris Poll, The median amount of money saved fro retirement by middle class people is only $20,000.
Middle-class adults have $20K saved for retirement  USA TODAY
Survey: Middle-class adults save about $20G for retirement  Poughkeepsie Journal
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Stocks end higher, Ebola scare trims gains
What a day. Stocks got a major boost Thursday from a slew of strong earnings reports from companies ranging from heavy equipment maker Caterpillar (CAT) to automaker General Motors (GM).
U.S. stocks gain on earnings, Ebola fears weigh; Dow rises 1.32%  Nasdaq
How the Dow Jones industrial average did Thursday  Businessweek
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BASF slashes 2015 targets on slowing global growth
BASF, the world's biggest chemical maker by sales, has slashed its sales and earnings targets for 2015, as it lowered its expectations for global growth and chemical production.
Germany's BASF warns on profits and shares drop  Daily Item
BASF lowers expectations for 2015  Plastics in Packaging
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China Signs Agreement With 20 Other Nations to Establish International ...
BEIJING - China and 20 other countries signed a memorandum Friday agreeing to start an international development bank that Beijing hopes will rival organizations like the World Bank.
Three major nations absent as China launches World Bank rival in Asia  Asahi Shimbun
China, 20 other countries sign MoU to set up regional bank  Channel News Asia
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Euro dips on caution ahead of banks' stress test results, yen firm
LONDON (Reuters) - The euro slipped on Friday, as investors were cautious ahead of the results on Sunday of stress tests on euro zone banks, while the yen was underpinned by safe-haven flows due to a fresh Ebola scare in New York.
Japan shares post big weekly gain  Independent Online
Yen rallies on safe-haven bids on news of New York Ebola case  Economic Times
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GM profit nearly doubles
DETROIT - Big profits from rising SUV and truck sales in North America helped General Motors nearly double its third-quarter net profit and more than offset its struggles in Europe and South America.
GM Posts Higher-Than-Expected Profit on Strong North American Demand  NDTV
Profit Doubles at GM, as It Strives to Move Past Its Litany of Recalls  New York Times
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Pfizer's $11 billion buyback plan deflates AstraZeneca bid hopes
LONDON/NEW YORK (Reuters) - U.S. drugmaker Pfizer is to continue buying back stock, with the board authorizing a new $11 billion share repurchase plan, deflating expectations that it will make a new bid for AstraZeneca.
Pfizer approves $11B stock repurchase plan
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