Volkswagen recalls aim to fix 11 million diesel cars
Volkswagen's CEO says a recall of cars tied to the emissions scandal should begin in January with a goal to fix all by year end. Up to 11 million vehicles worldwide across several brands may contain the software used to cheat U.S. tests. Most fixes are software updates, but some cars may need new injectors and catalyzers.
MENTIONED IN THIS ARTICLE
Volkswagen
U.S
Matthias Mueller
SABMiller rejects AB InBev 104 billion bid as too low
SABMiller rebuffs Anheuser-Busch InBev 104 billion offer for third time this month saying the proposal undervalues growth potential. AB InBev previously voiced disappointment over earlier approaches and lack of meaningful engagement. AT&T wins FCC waiver to offer Wi Fi calling until end of 2017 replacing TTY, with no immediate date for rollout.
MENTIONED IN THIS ARTICLE
Sabmiller
AB Inbev
Anheuser-Busch InBev
SAB Miller
At&t Ok’d
At&t
Federal Communications Commission
Fifth Third settles mortgage fraud case for 85 million
Fifth Third Bank agreed to pay 85 million dollars to settle civil fraud claims over certifying more than 1,400 mortgage loans as eligible for FHA insurance though the bank knew they were defective. Federal authorities said the action cost taxpayers millions. The Cincinnati based bank faced federal charges and will resolve the matter with the settlement.
MENTIONED IN THIS ARTICLE
Fifth Third
Federal Housing Administration
Third Quarter Earnings Season Faces Market Decider
The third quarter earnings season arrives as the market endures a 10 percent correction and a slow bottoming process. Analysts’ downbeat expectations for the S P 500, coupled with CEO outlooks, could determine a year end rally or renewed selling amid global growth headwinds, a strong dollar, and Fed rate hike uncertainty.
MENTIONED IN THIS ARTICLE
Standard & Poor
U.S
China
Federal Reserve
S&P 500 earnings outlook mixed as energy slumps and profits dip
Analysts foresee earnings declines in first half 2015 with energy plunged around 65 and materials down over 15 while some sectors show small gains. Despite risks, Charles Schwab and Morgan Stanley analysts note a potential bottoming and possible rally as Q3 profit growth is forecast to resume.
MENTIONED IN THIS ARTICLE
S&p
Liz Ann Sanders
Charles Schwab
Sanders
Adam Parker
Morgan Stanley
Parker
Gannett to Buy Journal Media Group for 280 Million
Gannett announced a cash deal to acquire Journal Media Group for about 280 million, boosting its local news outlets to 106 markets. Journal Media owns Milwaukee Journal Sentinel and The Commercial Appeal along with 13 other dailies and 18 weeklies. The transaction, approved by boards, awaits Journal Media Group shareholder approval and is slated to close in Q1 2016. Gannett will finance with cash and debt, and after the deal its digital audience exceeds 100 million monthly.
MENTIONED IN THIS ARTICLE
Gannett
USA Today
Journal Media Group
Milwaukee Journal Sentinel
Commercial Appeal
Memphis
McLean
Robert Dickey
Tegna
Wisconsin
Cars.com
CareerBuilder.com
Wall Street Bets On Brewers Amid Consolidation Wave
Investors rail at beer demand while valuing industry consolidation and global takeovers. Anheuser Busch InBev and SABMiller battle over a $104 billion tie up as Molson Coors eyes SABMiller US assets. Constellation Brands posts a 14 percent beer sales gain, lifting stock.
MENTIONED IN THIS ARTICLE
Standard & Poor
Anheuser- Busch InBev
Heineken Holding
Molson Coors
Anheuser
Sabmiller
Molson
Sabmiller US
Boston Beer
Sam Adams
Agnese
Anheuser-Busch InBev
ABI
SAB
Amber S.A
Bovespa
Heineken NV
HEIA
HEIO
Molson Coors Brewing
TAP
Asahi Group
Carlsberg
Kirin
Tsingtao Brewery
S&p Capital IQ
USA Today
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Moneyline
Dean F
DOW Jones Industrial
Marketwatch.com
USA
Usatoday
Bankrate.com
Jae Yang
Veronica Bravo
Thomson Reuters
Patrick Adams
Choice Investment Management
Alcoa
S&p 500
Thomson
Telecom
Journal Media
ACK Gruber
McLean, Va
Wall Street
Brewing
Joseph Agnese
Beer Beverage
Constellation Brands
Constellation