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Markets

Exclusive: Cadillac's new boss maps out product blitz by 2020

Cadillac's new boss plans a blitz of new products by 2020, from a pure battery-electric car to an ultra-luxury sedan, that he hopes will help resurrect General Motors' (GM.N) struggling premium brand and make it a global powerhouse.

Oct 10, 2014 11:29 AM EDT

Markets

GM says Sept China auto sales up 15.2 percent year-on-year

General Motors Co (GM.N) and its Chinese joint ventures sold 319,936 vehicles in China in September, up 15.2 percent from a year earlier, the U.S. automaker said on Friday

World

Nissan says Sept China auto sales down 20 percent year-on-year

Japanese automaker Nissan Motor Co Ltd (7201.T) said on Friday that, together with its Chinese joint venture partner, it sold about 93,700 automobiles in China in September, down 20 percent from a year earlier.

Markets

BMW outsells Audi, Mercedes but lead over rivals shrinking

BMW (BMWG.DE) outsold German rivals Audi and Mercedes-Benz in September thanks to strong demand in Europe, but the gap between the three luxury car brands has narrowed this year in a fierce sales race.

Nissan recalls 238,000 2013 Altima sedans on hood latch issue

Nissan Motor Co is recalling about 238,000 Altima sedans from the 2013 model year because a secondary hood latch may not hold, increasing the risk of a crash, U.S safety regulators and the company said on Friday.

Oct 10, 2014 11:03 AM EDT

Icahn urges Apple to buy back more shares

Billionaire activist investor Carl Icahn said Apple Inc's (AAPL.O) shares could double in value and urged the company's board to buy back more shares using its $133 billion cash pile.

Oct 09, 2014 11:32 AM EDT

Drop in U.S. jobless claims points to labor market strength

The number of Americans filing new claims for unemployment benefits fell last week to nearly its lowest level since before the 2007-09 recession, a sign of growing steam in the U.S. labor market.

Oct 09, 2014 11:28 AM EDT

Energy shares extend recent decline

Energy shares were once against the biggest losers of the day in morning trading on Thursday, continuing a recent trend of weakness amid falling oil prices.

Oct 09, 2014 11:01 AM EDT

BMW hires Ferrari's former chief engineer to polish tech prowess

BMW (BMWG.DE) has hired Ferrari's former chief engineer as it seeks to strengthen its technical prowess amid intensifying competition with rival German luxury carmakers Audi and Mercedes-Benz.

Oct 09, 2014 10:55 AM EDT

Audi sells fewer cars than Mercedes as competition intensifies

Audi (VOWG_p.DE) sold fewer cars than rival Mercedes-Benz for the first time this year in the latest sign that the sales rivalry among Germany's top luxury automakers is intensifying.

Oct 09, 2014 10:49 AM EDT

Five ways to get help with your 401(k)

When Chris Costello wanted to test his new online 401(k) advice service called blooom, he asked his sister if she would let him peek under the hood of her account.

Oct 08, 2014 11:47 AM EDT

Budget divisions overshadow EU jobs talks

French President Francois Hollande defended his push for an easing of European Union budget restrictions on Wednesday, potentially deepening divisions with Germany which is pressing Paris to move faster on reforms.

Oct 08, 2014 11:35 AM EDT

Adidas beefs up management as it seeks to revive fortunes

German sportswear firm Adidas (ADSGn.DE) has appointed two new senior managers as part of an ongoing overhaul of its top leadership aimed at making the firm quicker to respond to consumer trends to keep up with bigger rival Nike (NKE.N).

Oct 08, 2014 11:31 AM EDT

The Big Data bounty: U.S. startups challenge agribusiness giants

Chris Gould's combine cab is loaded like the cockpit of a fighter jet he used to fly as he harvests soybeans in northern Illinois, steered by satellites, four video screens glowing with up to minute updates about his crop and the work's progress.

Oct 08, 2014 11:03 AM EDT

Growth worries grip world's stock, oil markets

European stock markets fell for a second day on Wednesday, pushing world share indices back toward their lowest in six months as concern mounts over global economic growth.

Oct 08, 2014 10:59 AM EDT

Denso not seeking big M&A, could buy smaller firms

Denso Corp (6902.T), the world's second-biggest car-parts supplier, does not plan to join global rivals in bulking up through a big merger but it is looking to buy smaller parts makers with niche technologies, the company's head said.

Oct 07, 2014 11:43 AM EDT