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Toyota says Oct China auto sales up 27.1 percent year/year

Toyota Motor Corp (7203.T) and its two Chinese joint ventures sold about 104,700 vehicles in China in October, up 27.1 percent from a year earlier, the Japanese automaker said on Monday.

Nov 03, 2014 6:55 AM EST

Markets

Daimler opens Beijing R&D centre to tune Mercedes-Benz to Chinese tastes

Daimler AG (DAIGn.DE) has opened a research and development (R&D) centre in Beijing tasked with further tuning its Mercedes-Benz brand to wealthy Chinese tastes and closing the sales gap with Audi AG (NSUG.DE) and BMW AG (BMWG.DE).

Markets

U.S. services sector growth slows, pending home sales miss forecast

U.S. services sector activity dipped to a six-month low in October, pointing to some moderation in economic growth early in the fourth quarter.

CVS Health, Rite Aid block Apple Pay in their stores: NYT

Drug retailers CVS Health Corp (CVS.N) and Rite Aid Corp (RAD.N) have disabled Apple Inc's (AAPL.O) new electronic payments service Apple Pay from their stores over the weekend, the New York Times reported.

Europe's bank test celebrations mask mounting challenges

Investors were spared immediate pain on Sunday after the European Central Bank's landmark banking health check did not force massive capital hikes amongst the euro zone's top lenders.

Oct 27, 2014 11:41 AM EDT

Worried on low inflation, Fed seen offering soothing words

The U.S. Federal Reserve this week will likely reinforce its stated willingness to wait a long while before hiking interest rates after a volatile month in financial markets that saw some measures of inflation expectations drop worryingly low.

Oct 27, 2014 11:37 AM EDT

Energy shares drag on Wall Street as crude prices fall

Energy shares dragged Wall Street lower on Monday as crude prices fell further, while readings on the services sector and home sales came in below forecasts.

Oct 27, 2014 11:32 AM EDT

U.S. appeals court rules for GM over Spyker's Saab sale

General Motors Co (GM.N) persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker NV (SPYKF.PK) accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company.

Oct 27, 2014 11:23 AM EDT

Ford rejects push for investment in Ontario plants: union

Ford Motor Co has rejected a pitch to make a new investment in its Windsor, Ontario, plants and decided to put the money in Mexico as the company originally planned, the head of Canada's main auto workers' union said on Friday.

Oct 27, 2014 11:18 AM EDT

Ford's lower profit beats estimates; sales down on F-150 launch

Ford Motor Co on Friday reported a 34 percent drop in third-quarter profit, and revenue fell due to the cost of introducing the F-150 pickup truck.

Oct 27, 2014 11:12 AM EDT

Exclusive: Ford to overhaul Lincoln brand, this time with big bucks

Ford Motor Co's (F.N) new chief executive, Mark Fields, is giving the automaker's long-moribund Lincoln brand what his predecessor Alan Mulally never could: a little love and a lot of cash.

Oct 27, 2014 11:06 AM EDT

China's auto market growth may halve to 7 percent this year: industry body head

Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday.

Oct 27, 2014 11:00 AM EDT

U.S. new home sales at six-year high; recovery still fragile

Sales of new U.S. single-family homes rose to a six-year high in September, but a sharp downward revision to August's sales pace indicated the housing recovery remains tentative.

Oct 24, 2014 2:37 PM EDT

Matthew McConaughey enjoying his 'Interstellar' career heights

Matthew McConaughey's upcoming film about a journey beyond the stars may as well be about the Texas actor's own stratospheric career these days.

Oct 24, 2014 2:34 PM EDT

'We won't pay,' furious Cameron tells EU over surprise bill

In a vivid display of fury at European Union technocrats, British Prime Minister David Cameron refused to pay a surprise 2.1-billion-euro bill on Friday as EU leaders ordered an urgent review of the calculations used.

Oct 24, 2014 2:30 PM EDT