Uber execs on trial in France face jail time, heavy fines
The trial of two Uber executives kicked off in France on Wednesday, the latest front in the fierce battle between the popular ride service and the taxi industry there.
MONEY (MSM)
Elmer's Glue owner explores potential sale – sources
Elmer’s Products Inc, the owner of the popular U.S. school glue brand, is exploring a sale that could value it at close to $400 million, including debt, according to people familiar with the matter. Berwind Corp, the investment vehicle of the wealthy Berwind family that owns Elmer’s Products, has hired investment bank Robert W. Baird & Co to explore a sale, the sources said this week. Elmer’s has annual earnings
Market rides the line between bull and bear
The reason market watchers are parsing the coded messages of the tape so closely is this: The line between bull and bear market is nearby to us, and fine enough to cross without really noticing.
Survey: US businesses added jobs in September at solid pace
Buoyed by strong consumer spending and steady home sales, U.S. businesses added jobs at a healthy pace in September, according to a private survey. Payroll processor ADP said Thursday that employers added …
GOP field: Tax cuts for all, don't worry about consequences
Republicans came into this presidential campaign with painful memories of how, in the last one, Democrats blasted Mitt Romney’s tax plan as a giveaway to the rich. They’ve heard a new wing of conservative …
The next thing to worry about in Chinese markets
While investors have focused on China’s stock market, some analysts say a rapid increase in local government debt could possibly be more worrisome.
Average Apple Watch sells for $529, at top end of estimates: report
Investors are keenly monitoring the performance of Apple’s latest invention to see whether it can open up a new source of growth for a company heavily dependent on sales of its iPhone. The figures provided to Reuters by Wristly, which surveyed more than 2,200 Apple Watch owners, sit at the high end of estimates from analysts, many of whom have pegged the gadget’s average selling price between $425 and $550.
Credit Suisse: There's a Growing Threat of a Major Top in the S&P 500
In a new note, Ric Deverell and his team at Credit Suisse point to some technical levels worth watching, one of which could be a big signal that the top is in for the S&P 500-stock index. The big question now is whether this is just a correction in a bull market,” he told us.
Senate propels stopgap spending bill to keep government open
The Senate is on track to pass a spending bill to prevent the government from shutting down this week, over the opposition of the most hardline conservative Republicans. Tuesday’s expected vote comes after …
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