Divided U.S. SEC adopts mortgage rule, decries lax lending

WASHINGTON (Reuters) – U.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did not do enough to discourage banks from lending to borrowers with shaky credit and then passing the mortgage risk to investors.

Original post:
Divided U.S. SEC adopts mortgage rule, decries lax lending

Boeing profit jumps 18 percent; raises 2014 earnings view

(Reuters) – Boeing Co reported an 18 percent increase in quarterly profit and raised its full-year core earnings forecast for the third time, reflecting booming commercial aircraft demand and increasing profitability in its defense business.



Credit:
Boeing profit jumps 18 percent; raises 2014 earnings view

U.S. inflation muted in September as energy costs drop

WASHINGTON (Reuters) – U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while.



Here is the original post:
U.S. inflation muted in September as energy costs drop

U.S. regulators expand number of vehicles affected by Takata recalls

DETROIT (Reuters) – U.S. safety regulators on Wednesday expanded the number of vehicles in the United States that may be affected by recalls for potentially defective Takata Corp air bags that could spray shrapnel at occupants.

See original here:
U.S. regulators expand number of vehicles affected by Takata recalls

Dow Chemical to cut $1 billion in costs over three years

(Reuters) – Dow Chemical Co , the No. 1 U.S. chemical maker by sales, said it was looking to cut fixed costs by $1 billion over the next three years, building on reductions that have helped boost margins.

See more here:
Dow Chemical to cut $1 billion in costs over three years

Johnson & Johnson accelerates Ebola vaccine testing amid heightened anxiety

The New-Brunswick based pharmaceutical giant plans to start testing the vaccine for safety and immunogenicity in January.

Read more here:
Johnson & Johnson accelerates Ebola vaccine testing amid heightened anxiety

Toyota executive stands by Takata as supplier despite air bag troubles

TOKYO (Reuters) – A top Toyota Motor Corp executive said on Wednesday the Japanese automaker has no plans to abandon Takata Corp despite the supplier’s struggles with air bag inflators that could rupture and spray metal shrapnel at vehicle occupants.

More:
Toyota executive stands by Takata as supplier despite air bag troubles

Consumer prices barely rise as energy costs fall

WASHINGTON (Reuters) – U.S. consumer prices rose marginally in September as energy costs fell broadly, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while.

Continued here:
Consumer prices barely rise as energy costs fall

Pimco’s banking expert expects 18 lenders to fail ECB stress test

LONDON (Reuters) – Fixed income investment firm Pimco’s global banking specialist, Philippe Bodereau, expects 18 banks will be seen to have failed the European Central Bank’s stress test of 130 regional lenders when results are published by the ECB on Sunday.



Pimco’s banking expert expects 18 lenders to fail ECB stress test

Dow Chemical profit beats as plastics sales rise

(Reuters) – Dow Chemical Co , the No. 1 U.S. chemical maker by sales, reported a better-than-expected quarterly profit for the fourth time in a row, helped by higher sales in its plastics and performance materials business units.

Go here to see the original:
Dow Chemical profit beats as plastics sales rise

ECB cools speculation over bank health checks ahead of results

MADRID/VIENNA (Reuters) – The European Central Bank cautioned on Wednesday against speculation over the outcome of its stress tests after a media report said at least 11 banks had failed the landmark financial health checks, driving some banking shares lower.



Continued here:
ECB cools speculation over bank health checks ahead of results

Daily Business news, Financial news & World news