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Restructuring costs push Alcatel into Q3 loss

Submitted by Fox First at Ten on November 2nd

PARIS (AP) - Restructuring costs and lower sales have pushed telecoms equipment maker Alcatel-Lucent into a third-quarter loss. Alcatel-Lucent said Friday it lost €146 million ($188 million) in the July-September quarter. That's down from a €194 million profit in the same quarter a year earlier

RBS Q3 earnings hit by insurance provision

Submitted by Fox First at Ten on November 2nd

By ROBERT BARRAssociated Press LONDON (AP) - Part-nationalized Royal Bank of Scotland posted a third-quarter loss as it boosted its provision for compensating customers who bought payment protection insurance and took a hefty charge related to its debt. The company, 82 percent owned by British

Hyundai, Kia overstated gas mileage, EPA finds

Submitted by Fox First at Ten on November 2nd

By TOM KRISHERAP Auto Writer DETROIT (AP) - Hyundai and Kia overstated the gas mileage on 900,000 vehicles in the past three years, a discovery that could result in sanctions from the U.S. government and millions of dollars in payments to car owners. The inflated figures were uncovered by the

Nissan to invest $358 million in Thai plant

Submitted by Fox First at Ten on November 2nd

BANGKOK (AP) - Nissan Motor Co. says it is investing $358 million to build a new plant in Thailand to increase its production capacity and boost its growth in the Southeast Asian region. The company's executive vice president, Hiroto Saikawa, said Friday the assembly facility will add 150,000

Oil price trims losses after US jobs data

Submitted by Fox First at Ten on November 2nd

By PABLO GORONDIAssociated Press The price of oil recovered some of its earlier losses on Friday after a report on the U.S. jobs market showed more workers were hired in October than analysts had expected, an encouraging sign for energy demand in the world's largest economy. By early

Markets unmoved by upbeat US jobs news

Submitted by Fox First at Ten on November 2nd

By PAN PYLASAP Business Writer LONDON (AP) - Stronger than expected U.S. jobs figures in the run-up to next week's presidential election failed to boost financial markets on Friday. The Labor Department reported that the U.S. economy generated 171,000 jobs in October, higher than the 125,

Mood of the Nation: Businessman sees a recovery

Submitted by Fox First at Ten on November 2nd

By MATT SEDENSKYAssociated Press WEST PALM BEACH, Fla. (AP) - On the eve of the 2012 elections, The Associated Press interviewed dozens of Americans to try to gauge the economic mood of the nation. People were asked about jobs, housing, gas prices, retirement and other issues. Among them was a

Asia stocks mostly up on US, China data

Submitted by Fox First at Ten on November 2nd

By YOUKYUNG LEEAP Business Writer SEOUL, South Korea (AP) - Asian stock markets advanced Friday as a batch of upbeat economic data from the U.S. and China and overnight gains on Wall Street bolstered investor sentiment. The latest data from the world's two largest economies showed a

News Summary: Wall Street rallies on jobs news

Submitted by Fox First at Ten on November 1st

By The Associated Press GOOD START TO NOVEMBER: The Dow Jones industrial average rose 136 points on the first day of November, its best gain since mid-September. That came after a loss in October, the first down month since May. CONFIDENT CONSUMERS: The Conference Board said Americans'

A look at the top-selling US cars, trucks in Oct.

Submitted by Fox First at Ten on November 1st

By The Associated Press Automakers said Thursday that U.S. new car and truck sales rose 7 percent to 1.1 million in October despite the impact of Superstorm Sandy. Here were the top selling cars and trucks for the month and the percent change in sales from October of 2011.