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U.S. markets news

Fed Held Rates Steady Over Concerns About Weak Growth Abroad
Worries that inflation would continue to lag because of weaker economic growth abroad, particularly in China, helped nudge members of the Federal Reserve to postpone dialing back on their stimulus campaign last month, according to the official summary ...
Fed awaiting evidence global chill not knocking US off track  Reuters
Asian markets perk up after positive Wall Street lead  CNBC
BBC News  
Volkswagen Australia to launch recall of 90000 cars affected in emissions cheat
A Volkswagen logo is seen on one of the German automaker's cars in a street in Sydney, Australia, October 8 2015. Photograph: David Gray/Reuters.
US House slams regulators for not catching VW for years  Reuters
VW Australia launches car recall plan  Sky News Australia
Lyft Joins with Hertz to Let Drivers Rent Cars for Pickups
Lyft is already known as the more affable, mustachioed alternative to more corporate-minded Uber. Now the company wants to make itself out to be friendlier to its drivers, too.
Lyft Adds Rental-Car, Fuel Perks in Driver Battle With Uber  Wall Street Journal (blog)
Ride-hailing company Lyft partners with Hertz, Shell  Reuters
IMF told that amid 'new mediocre' no room for mistakes by central banks
LIMA Central banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing China are major risks, top international financiers told the International Monetary Fund's meeting.
Just one more term: Lagarde's bid to stay  The Times (subscription)
Lagarde open to second term as IMF chief  Financial Times
Netflix shares surge on subscription price hike
Shares of Netflix (NFLX) closed up more than 6% after the streaming video provider raised the price of its basic monthly service by $1.
Netflix's Price Increase: Gambling on Subscribers  Wall Street Journal
Oh No! The Cost of Netflix Is Going Up
PC shipments fall in third quarter - Research firms
Oct 8 Research firm Gartner Inc said worldwide shipments of personal computers fell 7.7 percent to 73.7 million units in the third quarter as a stronger dollar made them costlier.
Apple Mac Sales Slow to Lowest Rate in Two Years –Analysts  Wall Street Journal (blog)
Lenovo Consolidates, Apple Gains: Q3 PCs a Mix of Struggle and Hope  Barron's (blog)
UPDATE 3-Alcoa profit misses as aluminum prices slide
(New throughout, adds more details on split of company, additional comments from executives). By Meredith Davis. Oct 8 (Reuters) - Alcoa Inc reported a smaller-than-expected quarterly profit, hurt by slumping prices for aluminum and other commodities ...
Alcoa profit misses estimates as aluminum extends price decline  Chicago Tribune
Alcoa Added-Value Units Fall Short of Billing in Earnings Miss  Bloomberg
UPDATE 4-Bill Gross sues Pimco for $200 million over forced ouster
(New throughout, adds comments from Allianz, former colleague of Gross). By Jennifer Ablan and Jonathan Stempel. NEW YORK Oct 8 (Reuters) - Billionaire bond investor Bill Gross sued his former employer Pacific Investment Management Co and its parent ...
Bill Gross sues Pimco for $200m, claiming he was 'forced out'  The Independent
Brynjolfsson: `This Is a Sad Day' for Both Pimco and Gross  Bloomberg
Amazon Challenges Etsy With Handmade at Amazon
FILE - This Sept. 28, 2011, file photo shows the logo for Amazon during a news conference, in New York. Amazon is launching its site for handcrafted goods called Amazon Handmade on Thursday, Oct. 8, 2015, hoping to capitalize on shoppers' appetite for ...
Amazon Takes On Etsy to See Who's More #Authentic  WIRED
Amazon Encroaches on Etsy Territory by Launching 'Handmade'  Newsweek
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.
Wall Street lower, investors eye upcoming quarterly reports | Reuters  Firstpost