China Growth Slowest in Five Years China’s economy grew at its slowest pace for five years in the third quarter, suggesting the government’s targeted easing measures to boost economic growth haven’t yielded expected results.
France Pressures Berlin for Stimulus Plan French ministers urged Germany to put in place a three-year, €50 billion stimulus program, deepening the confrontation over economic policy between Paris and Berlin.
Italian Minister Urges Patience on Economic Measures Italy’s Economy Minister Pier Carlo Padoan rebuffed criticism that the country is moving too slowly in liberalizing its economy, stressing that a mix of economic overhauls and budget measures recently unveiled by Rome could help boost growth by 2015.
Fed to Banks: Shape Up or Risk Breakup Federal Reserve officials told bank executives they must do more to curb excessive risk-taking and improve behavior at their firms or face stiff repercussions, including being broken into smaller pieces.
RBA Frets Over Housing Loans Australia’s central bank stressed the importance of maintaining rigorous standards on loans to property investors, reflecting its rising concern that speculators are dominating the housing market.
Despite Uncertainty, Fed Holds Steady The Fed is likely to end its bond-buying program this month even as market volatility and uncertainties about the global economy have rattled investors and led to some mixed messages from central-bank officials.
IPhone 6 Recharges Apple's Growth Apple said its quarterly profit rose 13%, and it predicted record holiday sales, as strong demand for its new larger-screen iPhones helped to overcome sluggish iPad sales.
IBM Faces Another Overhaul IBM, two decades after successfully shifting its emphasis to software and computer services from hardware, is showing signs of needing another overhaul.
CVS Plays Hardball With Rival Drug Chains CVS is offering a prescription-drug plan that charges patients more if they buy their medications at pharmacies that sell tobacco products, a plan that could benefit the company’s own network of drugstores.
Coke to Cut Billions More in Costs Coke unveiled a broader cost-cutting program and warned it doesn’t expect to meet its previous financial targets as the beverage giant again posted lackluster soda volume and struggled with currency headwinds.
McDonald's Profit Plunges McDonald’s promised significant changes after reporting a worse-than-expected 30% drop in earnings on weakness in the U.S. and China and said its challenges were “more formidable than expected.”
Apple's iCloud Is Under Attack in China Apple’s iCloud service for users in mainland China has been hit by an attack that could allow perpetrators to intercept and see usernames, passwords and other personal data, activists and security analysts said.
How Big Data Is Tracking City Life Researchers are bringing big data into the public sphere, aiming to improve quality of life, save money, and understand cities in ways that weren’t possible only a few years ago.
Verizon Boosted by Tablet Growth Verizon said it added 1.52 million of its most lucrative long-term wireless contracts in the third quarter, again driven by a surge in tablet connections.
Sears Seeks New Cash Via Two Paths Sears is again turning to billionaire CEO Edward Lampert for funds, as the struggling retailer shores up its balance sheet ahead of the holiday season and seeks to reassure vendors worried about its health.
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